Up until now, production from oil sands has fueled growth in other sectors, including for example transportation and housing in Canada. This is about come to a screeching halt.
With current price of crude oil , it is not enough to fuel the housing and renovation.
Even in REITs such as Northern Property REIT, price had broken down from the purple . And if this can happen to Canada, the same thing will sooner or later affect their blood neighbour of all time, USA.