Calgary is presently among the most affordable of the most important cities in Canada for real estate, which is particularly engaging given the out-of-control prices being seen in different main markets. A Chinese developer of luxury flats missed $433 million in funds to lenders on Monday, sparking fears that monetary strains in the nation’s outsized property sector are spreading. Australia’s property prices might retract by as much as 5 per cent if rates of interest were to be raised, one of many country’s prime economists has forecast. Buyers anxiously waiting for Australia’s supercharged house prices to cut back might be…