My water diary

Charles St-Arnaud, the chief economist at Alberta Central, the central bank for the province’s credit unions, started out his inquiry with a simple question: How far would prices need to fall, or would incomes need to rise, to make housing affordable again in Canada?The answer for most cities in Canada is “too much.”Mr. St-Arnaud’s research, published this month, presents a major obstacle to efforts to make housing in Canada more affordable. It suggests that the proposals being offered by many politicians — building more houses to lower prices by increasing supply — are unlikely to make a big difference.By most measures, houses are now so costly in much of Canada that affordability has reached a four-decade low. Back in the early 1980s, the squeeze was created by mortgage rates of more tha...

A song called “October Rain” might simply be a ballad about dreary fall weather. But in the charged atmosphere following the Hamas-led attacks on Israel of Oct. 7, the title could also signal a lament about that tragedy, or a rallying call to stand firm against terrorism.This week, the meaning of “October Rain” — a song that very few people have heard — became a contested question when newspapers in Israel reported that a song with that name had been chosen to represent the country in this year’s Eurovision Song Contest.Although initial reports gave few details of the song, they sparked a furor on social media. Some Eurovision fans complained that the track was clearly referring to Oct. 7 and should not be allowed in the nonpolitical event in which pop stars, representing countries, compet...