Here is your Morning News Rundown for Tuesday, August 6:

Calgarians Keen on Massive Property Tax Hikes to Maintain Service Levels, Says Calgary Ald. Gord Lowe – Calgary Sun

Restoring Calgary Parks Could Take Years – Calgary Herald

Gallery: Residents of Siksika Nation and Hidden Valley Suffer Major Losses Due to the June Floods – Calgary Herald

Alberta Lender Revolutionized ‘Posted’ Rates – Canadian Real Estate Magazine

Record Activity in Canada’s Home Market – World Property Channel

CMHC Restricts New Guarantees for Banks and Mortgage Lenders – Financial Post

Does Canada Have Too Many Homebuyers? – Financial Post