The income required to qualify for a mortgage in Calgary has increased significantly compared to last year. According to the Canadian Real Estate Association, an income of $115,962 is now needed with a 20% down payment. Factors such as population growth and a lack of housing contribute to this trend. Although new listings have improved, supply levels remain challenging, leading to higher prices. The median price of a single detached home is $635,000, while townhouses and apartments have also seen price increases.