Canada's Housing Market Is a Roller Coaster

Home prices in Toronto and Vancouver fell by 50% last month compared to the year before. A record number of condos are set to be completed in Toronto this year, but with the average ownership cost hitting $3,500 a month, most people just can't afford them. Record levels of immigration will support demand for homeownership, helping propping up prices for car homeowners and rentals further tightening the market. For our second story, as Canada ramps up its efforts to meet its lofty decarbonisation goals, the country's oil sands are scrambling to keep up.