The City of Calgary will have to scale back its plans for flood protection after the provincial government announced its grant scheme yesterday.

The total amount of grants available to towns and cities in Alberta is $325 million over the next three years; Calgary’s plans alone amount to over $300 million.

City officials say that although they will, of course, apply for as much funding as they need for projects, they do not expect to get the entire amount they had hoped for and will therefore have to make adjustments.
Read the full story.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: