Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Deadly Cloudbursts Ravage Himalayan Borderlands

 

India's National Disaster Response Force and other security personnel carry out a rescue operation after Thursday's flash floods in Chositi village, Kishtwar district, Indian-controlled Kashmir, on Aug. 15.


Torrential rains unleashed devastating flash floods across parts of India and Pakistan, killing at least 120 people and leaving dozens missing over the past 24 hours. The disaster struck mountainous districts on both sides of the border, where sudden cloudbursts triggered landslides, swept away homes, and stranded thousands.

In India-controlled Kashmir, the remote village of Chositi in Kishtwar district bore the brunt of the deluge, with at least 60 confirmed dead and more than 80 still unaccounted for. Rescue teams, battling mud and debris, evacuated hundreds, though officials warn the toll may rise as search operations continue.

Across the border in Pakistan’s northern regions, flash floods claimed dozens of lives, destroyed homes, and forced the evacuation of over a thousand stranded tourists. Authorities in both countries have suspended local events, including a major Hindu pilgrimage in Kashmir, as forecasts warn of more heavy rain.

Experts say the frequency of such extreme weather events is increasing, fueled in part by climate change and unplanned development in fragile mountain ecosystems.

Labels:

Comments

Post a Comment