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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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China Calls for Global AI Governance Body Amid Rapid Tech Advancements

Beijing Proposes International AI Cooperation Framework

In a bold move to shape the future of artificial intelligence, Chinese Premier Li Qiang has proposed the creation of a global organization dedicated to AI cooperation and governance. Speaking at a recent international summit, Li emphasized the urgent need for countries to work together to ensure the safe, ethical, and inclusive development of AI technologies.

Premier Li highlighted the transformative potential of AI across industries—from healthcare and education to manufacturing and climate science—but warned of the risks posed by unchecked development. He called for a multilateral framework that would promote transparency, data security, and equitable access to AI innovations.

The proposed organization would aim to:

  • Foster dialogue between governments, tech companies, and academia
  • Establish global standards for AI safety and ethics
  • Support developing nations in building AI capacity
  • Monitor and mitigate risks related to AI misuse and bias

Li’s proposal comes amid growing global concern over the societal impact of AI, including job displacement, misinformation, and surveillance. While some Western nations have pushed for tighter regulations, China’s call for a cooperative body signals its intent to play a central role in shaping global AI norms.

The idea has sparked interest among several countries, though questions remain about governance structure, enforcement mechanisms, and geopolitical tensions. Still, the proposal marks a significant step toward international dialogue on one of the most consequential technologies of our time.


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