These Ontario cities have seen the largest decline of property values in Canada Ontario Canada RealEstate
Canada's housing market downturn may be starting to slow, but property values are continuing their downward spiral., Robert Hogue, assistant chief economist at RBC, said that while the downturn may be coming to an end, property values are"still clearly coming down."
The erosion of property values has been felt across the country, but the magnitude of the declines has varied from province to province, Hogue said.
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Environment Canada issues snow squall alerts for parts of southern OntarioWhiteout weather conditions are expected to blast through parts of southern Ontario with some areas getting up to 60 centimetres of snow this weekend.
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Why is Ontario turning its back on low-cost, low-carbon power?The Doug Ford government’s perplexing approach to keeping the lights on in Ontario took another bizarre turn recently when it tore up an energy co-operation agreement with Quebec. This agreement was a way for Ontario to access the low-cost clean water power that Quebec has in abundance. Quebec is a green-energy superpower. Ontario, not so much. Our province plans to ramp up its use of gas plants by more than 600 per cent and build the equivalent of three new gas plants. If this occurs, we will lose half the greenhouse gas pollution reduction benefits we achieved by phasing out our dirty coal plants. While the federal government struggles to display our green credentials at COP27, Ontario could blow a hole through federal climate targets in one fell swoop. Ontario Energy Minister Todd Smith says he wants to ensure future energy deals are made through competitive processes. That is, unless they involve unproven new nuclear reactors, or hideously expensive nuclear rebuilds. Then, just send the bills to the government and it will pay whatever is required, no questions asked. While the federal government struggles to display our green credentials at COP 27, Ontario could blow a hole through federal climate targets in one fell swoop, writes Angela Bischoff, director of the Ontario Clean Air Alliance. Handout photograph Choosing the highest cost and slowest options available is a strange way to meet a promise to lower electricity bills. Meanwhile, Ontario covers its eyes and ears and refuses to work with its power-rich neighbour, turning away offer after offer for power that is a fraction of the cost of new or even existing nuclear. But isn’t Quebec about to run out of power? No. Would a province that is running out of power to export be fighting tooth and nail to build new transmission lines to the northeast states? Ontario could double power imports from Quebec today using existing transmission lines, and could double them again by building new lines through existing
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