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Ottawa and Alberta Forge Landmark Energy Accord

Prime Minister Mark Carney, left, meets with Alberta Premier Danielle Smith in Calgary on Thursday.   In a move that could redefine Canada’s energy landscape, Ottawa and Alberta have signed a new energy deal aimed at strengthening cooperation between the federal government and the province. The agreement signals a major shift in their often-contentious relationship, focusing on shared priorities such as clean energy investment, emissions reduction, and economic growth. The deal outlines commitments to expand renewable energy projects, modernize infrastructure, and support workers transitioning from traditional oil and gas sectors. Both sides emphasized that the accord is designed to balance Alberta’s economic reliance on energy production with Ottawa’s national climate goals. Observers note that this agreement could mark the beginning of a more collaborative era, reducing political friction and positioning Canada as a stronger player in the global energy transition.
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Toronto housing market cools down as prices fall for fourth month in a row

 


The Toronto housing market showed signs of slowing down in November, as home sales rose slightly but prices continued to decline for the fourth consecutive month. 

According to the Toronto Regional Real Estate Board, the average selling price for all home types in the Greater Toronto Area was $1,051,000 in November, down 0.6 per cent from October and 5.3 per cent from July, when it reached a record high of $1,108,000. 

The number of home sales increased by 2.1 per cent month-over-month and 13.5 per cent year-over-year, reaching 8,766 transactions in November. However, the sales growth was mainly driven by low-rise segments such as detached and semi-detached houses, while condo sales declined by 8.8 per cent from October and 2.4 per cent from November 2020. 

The board attributed the cooling of the market to a combination of factors, including the end of the pandemic-induced surge in demand, the increase in new listings, the tightening of mortgage rules, and the anticipation of higher interest rates. “The GTA housing market has moved to a more balanced position compared to earlier this year and last year,” said TRREB president Kevin Crigger in a statement. “This could mark the start of a period of more moderate price growth, which would be healthy and sustainable over the long term.”

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