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GTA & Vancouver Home Sales Fell Again in August — What RBC's "Recovery" Call Actually Means for You

  September 6, 2026  •  Canadian Money Brief Fresh numbers out this week from the Toronto Regional Real Estate Board (TRREB) and Greater Vancouver Realtors (GVR) confirm what a lot of GTA and Metro Vancouver households already feel in their bones: the country's two biggest, most expensive housing markets are still shrinking on paper, even as the Bank of Canada holds rates and the trade war eats into everyone's confidence. At the same time, RBC Economics dropped a report calling this a market that's "finally taking steps" toward recovery. Those two things sound contradictory. They're not — but the gap between them is exactly where you need to be paying attention, whether you're a first-time buyer, a seller sitting on a listing, or a landlord watching your renewal math. What It Means for You: Prices are still down year-over-year in both cities, but the underlying supply picture — fewer new listings, tighter inventory — is the thing actually shifting. That...
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Wall Street Rallies Despite Fed's Tapering Plans

 


Stocks rose on Friday, extending their gains for the week, as investors shrugged off the hawkish tone of Federal Reserve Chair Jerome Powell's testimony to Congress. Powell signaled that the Fed is ready to start tapering its bond purchases as soon as November, and that interest rate hikes could follow sooner than expected. However, he also acknowledged that the economic recovery is still facing headwinds from the delta variant of the coronavirus and supply chain disruptions.

The Dow Jones Industrial Average climbed 0.7%, or 238 points, to close at 35,677. The S&P 500 gained 0.8%, or 34 points, to end at 4,544. The Nasdaq Composite advanced 0.9%, or 139 points, to finish at 15,212. All three major indexes posted weekly gains of more than 1%.

The dollar weakened against a basket of major currencies, as traders reduced their bets on a faster pace of monetary tightening. The dollar index fell 0.3% to 93.38. The yield on the 10-year Treasury note edged lower to 1.45%, after hitting a three-month high of 1.54% on Thursday.

Wall Street analysts said that Powell's comments were largely priced in by the market, and that investors are focusing on the strong earnings outlook and the prospects of more fiscal stimulus from Washington. They also noted that the Fed's tapering plans are contingent on the economic data, which could change depending on the evolution of the pandemic and inflation.

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