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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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Historic Accord: Armenia and Azerbaijan Seal Peace Deal at White House

Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev meet in Abu Dhabi, United Arab Emirates last month.

In a landmark moment for the South Caucasus region, the leaders of Armenia and Azerbaijan convened at the White House on Friday to sign a U.S.-brokered peace agreement aimed at ending nearly four decades of conflict.

President Donald Trump hosted Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan for what was dubbed the “TRIPP Summit,” named after the newly designated Trump Route for International Peace and Prosperity—a strategic transit corridor connecting the two nations. The United States secured exclusive development rights to the corridor, which is expected to facilitate trade, energy, and infrastructure projects across the region.

The peace deal marks the first formal agreement between the two former Soviet republics since hostilities began in 1988 over the disputed Nagorno-Karabakh region. While the accord has been hailed as a diplomatic breakthrough, critics have raised concerns over unresolved issues, including the displacement of ethnic Armenians and the fate of prisoners of war.

In addition to the peace declaration, separate bilateral agreements were signed between the U.S. and each country, covering energy, technology, border security, and economic cooperation.

The signing ceremony signals a potential turning point for a region long plagued by ethnic tensions and geopolitical rivalries. Whether this agreement leads to lasting peace remains to be seen—but for now, it’s a moment of cautious optimism.

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