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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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Canada’s Job Market Remains Steady in December 2023



Canada’s economy added just 100 jobs in December and the unemployment rate held steady at 5.8 per cent, according to Statistics Canada. Employment growth slowed in the second half of 2023, averaging 23,000 per month, compared with the first six months of 2023, when it averaged 48,000 per month. At the same time, average hourly wages increased 5.4 per cent year-over-year, following a rise of 4.8 per cent in November.

Canada’s job market remained steady in December 2023, with the economy adding just 100 jobs and the unemployment rate holding steady at 5.8 per cent, according to Statistics Canada. The data agency said that employment was virtually unchanged from November, following an increase of 25,000 jobs the previous month. Employment growth slowed in the second half of 2023, averaging 23,000 per month, compared with the first six months of 2023, when it averaged 48,000 per month. At the same time, average hourly wages increased 5.4 per cent year-over-year, following a rise of 4.8 per cent in November. This is a significant increase in wages, which could help to offset the slower employment growth in the second half of the year.


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