Alberta
“We’re doing our best to be prepared for anything”

Little more than a month ago, members of the Alberta Colleges Athletic Conference – and the fans and parents who care about this under-valued level of college sport — were seriously focused on next week – specifically a Monday morning meeting in Medicine Hat.
For many years, interest and intensity have grown at this time of year. The month of May marks the formal start of preparation for the coming season, primarily soccer and golf and cross-country. A lot of details are needed to have everything ready when the first flag flies.
This year is bound to be different. Possible change, everywhere, is set for debate during the five-day annual general meeting.
Mark Kosak, the ACAC’s chief executive officer, made clear his belief that the major issues, time and money, must be faced head-on. Several outlines will be considered in a virtual meeting – “lots of protocols and requirements in place.” All participants have some insight to his combination of caution and aggression.
“So many complexities, so many variables,” Kosak said. “We’re doing our best to be prepared for anything.” He specified the pressure of dealing with COVID-19, of course, but also dealt with an ongoing issue in minor and amateur sports at all levels: “Everybody has financial troubles” that existed long before the pandemic arrived.
Front and centre is the need for the Augustana Vikings to complete the elimination of men’s soccer (the women’s program will survive) and to continue the community- and alumni-led bid to keep men’s hockey alive despite intense financial pressures. An interesting conundrum presented by Kosak: the backlash faced by Keyano College officials when they eliminated their Huskies hockey team a few years back and resulted in an about-face. “We have a proposal from Keyano to enter both men’s and women’s hockey; now, Keyano has agreed to wait until next year for a decision.”
“Honestly, there’s no real chance to tell what’s going to happen,” Jason Richey, head of the NAIT Ooks athlete program, said in a brief recent discussion. “As far as I can tell, the only way to avoid cutting some of our early sports is if, somehow, the distancing regulations are changed in time, but it’s too early to count on that, I think.”
Three options – all tied to the paced of reopening the economy — will be discussed in Medicine Hat. One Saskatchewan team, the Briercrest Clippers, may face regulations different from the bulk of ACAC members.
Kosak’s proposals:
* Start on schedule, Sept. 15 or thereabouts, with first-term sports such as soccer, cross-country and golf;
* Prepare for a potential Oct. 1 start, requiring less play in those three sports but maintaining full activity in the others.
* Eliminate the early events if necessary and prepare to begin remaining sports after Christmas. keeping them at the busiest possible level: futsal indoors rather than the outdoor game; maybe one full golf tournament in the fall; possibly a series of indoor track meets.
Kosak and others have been somewhat successful, in building fan interest in the ACAC, whose sports have been attended for years by mostly small crowds. Some growth in regional and national interest has shown in college-level championships, although crowds still remain far below the level of attendance for Canada’s national university playoffs.
Alberta
Low oil prices could have big consequences for Alberta’s finances

From the Fraser Institute
By Tegan Hill
Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget.
The Smith government already projects a $5.2 billion budget deficit in 2025/26 with continued deficits over the following two years. This year’s deficit is based on oil prices averaging US$68.00 per barrel. While the budget does include a $4 billion “contingency” for unforeseen events, given the economic and fiscal impact of Trump’s tariffs, it could quickly be eaten up.
Budget deficits come with costs for Albertans, who will already pay a projected $600 each in provincial government debt interest in 2025/26. That’s money that could have gone towards health care and education, or even tax relief.
Unfortunately, this is all part of the resource revenue rollercoaster that’s are all too familiar to Albertans.
Resource revenue (including oil and gas royalties) is inherently volatile. In the last 10 years alone, it has been as high as $25.2 billion in 2022/23 and as low as $2.8 billion in 2015/16. The provincial government typically enjoys budget surpluses—and increases government spending—when oil prices and resource revenue is relatively high, but is thrown into deficits when resource revenues inevitably fall.
Fortunately, the Smith government can mitigate this volatility.
The key is limiting the level of resource revenue included in the budget to a set stable amount. Any resource revenue above that stable amount is automatically saved in a rainy-day fund to be withdrawn to maintain that stable amount in the budget during years of relatively low resource revenue. The logic is simple: save during the good times so you can weather the storm during bad times.
Indeed, if the Smith government had created a rainy-day account in 2023, for example, it could have already built up a sizeable fund to help stabilize the budget when resource revenue declines. While the Smith government has deposited some money in the Heritage Fund in recent years, it has not created a dedicated rainy-day account or introduced a similar mechanism to help stabilize provincial finances.
Limiting the amount of resource revenue in the budget, particularly during times of relatively high resource revenue, also tempers demand for higher spending, which is only fiscally sustainable with permanently high resource revenues. In other words, if the government creates a rainy-day account, spending would become more closely align with stable ongoing levels of revenue.
And it’s not too late. To end the boom-bust cycle and finally help stabilize provincial finances, the Smith government should create a rainy-day account.
Alberta
Governments in Alberta should spur homebuilding amid population explosion

From the Fraser Institute
By Tegan Hill and Austin Thompson
In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.
Alberta has long been viewed as an oasis in Canada’s overheated housing market—a refuge for Canadians priced out of high-cost centres such as Vancouver and Toronto. But the oasis is starting to dry up. House prices and rents in the province have spiked by about one-third since the start of the pandemic. According to a recent Maru poll, more than 70 per cent of Calgarians and Edmontonians doubt they will ever be able to afford a home in their city. Which raises the question: how much longer can this go on?
Alberta’s housing affordability problem reflects a simple reality—not enough homes have been built to accommodate the province’s growing population. The result? More Albertans competing for the same homes and rental units, pushing prices higher.
Population growth has always been volatile in Alberta, but the recent surge, fuelled by record levels of immigration, is unprecedented. Alberta has set new population growth records every year since 2022, culminating in the largest-ever increase of 186,704 new residents in 2024—nearly 70 per cent more than the largest pre-pandemic increase in 2013.
Homebuilding has increased, but not enough to keep pace with the rise in population. In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.
Moreover, from 1972 to 2019, Alberta added 2.1 new residents (on average) for every housing unit started compared to 3.9 new residents for every housing unit started in 2024. Put differently, today nearly twice as many new residents are potentially competing for each new home compared to historical norms.
While Alberta attracts more Canadians from other provinces than any other province, federal immigration and residency policies drive Alberta’s population growth. So while the provincial government has little control over its population growth, provincial and municipal governments can affect the pace of homebuilding.
For example, recent provincial amendments to the city charters in Calgary and Edmonton have helped standardize building codes, which should minimize cost and complexity for builders who operate across different jurisdictions. Municipal zoning reforms in Calgary, Edmonton and Red Deer have made it easier to build higher-density housing, and Lethbridge and Medicine Hat may soon follow suit. These changes should make it easier and faster to build homes, helping Alberta maintain some of the least restrictive building rules and quickest approval timelines in Canada.
There is, however, room for improvement. Policymakers at both the provincial and municipal level should streamline rules for building, reduce regulatory uncertainty and development costs, and shorten timelines for permit approvals. Calgary, for instance, imposes fees on developers to fund a wide array of public infrastructure—including roads, sewers, libraries, even buses—while Edmonton currently only imposes fees to fund the construction of new firehalls.
It’s difficult to say how long Alberta’s housing affordability woes will endure, but the situation is unlikely to improve unless homebuilding increases, spurred by government policies that facilitate more development.
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