A heavy rainfall warning continues for the city and Calgary residents are in for a soggy evening as accumulation is expected to be between 40 and 60 mm over the next 24 hours.

The heavy rainfall had the potential to break a record set back in 1926 but CTV Calgary Weather Spcialist David Spence says that is unlikely. The previous record for rainfall on this day is 51.1 mm.

The city remains under a rainfall warning and Environment Canada says the potential is there for large hail and severe thunderstorms.

Residents are being warned to stay back from riverbanks as the soil is saturated and prone to collapse because it is so wet.

Basement flooding is also a concern and experts are recommending that people direct rain spouts away from foundations to keep water from getting into basements.

The forecast is calling for the rain to continue for most of the week but there does appear to be a break in the clouds coming on the weekend.

The rainfall warning extends to many parts of southern Alberta and includes: Okotoks, Claresholm, High River, Crowsnest Pass, Pincher Creek, Waterton Lakes, Kananaskis, Canmore, Banff, Airdrie, Cochrane, Olds, Sundre, Nordegg, Rocky Mountain House and Caroline.

A severe thunderstorm watch was issued for many other parts of southern Alberta and includes: Brooks, Strathmore, Vulcan, Cardston, Fort Macleod, Magrath, Cypress Hills, Lethbridge, Taber, Milk River, Cypress Hills, Foremost, Medicine Hat, Bow Island, and Suffield.

For the latest watches and warnings, visit the Environment Canada website.