Here is your Morning News Rundown for Tuesday July 9th:

New Mortgage Rules Mark One-Year Anniversary: Changes Have Not Affected Timeline For Two-Thirds of First-Time Buyers – BMO

June 2013 Housing Starts in Canada – CMHC

Low Inventory, High Demand Pushing Calgary House Prices Upward – Calgary Herald

Calgary Sets Record With 3 MLS Sales Over $4 Million in One Month – Calgary Herald

Calgary Needs $170M In Drainage Upgrades: Report – Calgary Herald

Bike Lane Opens in Downtown Calgary – CTV News

IMF Boosts Outlook for Canadian Economy, But Warns Global Growth to Remain Weak – Financial Post

Second Quarter Market Trends Defy Suggestions of Housing Bubbles – Royal LePage

Canadian House Prices to Stay Soft Until Mid-2014: Survey – Globe and Mail

Ever Heard of Mortgage Cancellation Fees? You Soon Might – Globe and Mail