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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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Race Against the Clock: Iran and European Powers Set for High-Stakes Nuclear Talks

 

File photo: An Iranian missile is launched during a military exercise in an undisclosed location in Iran

In a pivotal diplomatic move, Iran and three major European powers — France, Britain, and Germany — have agreed to resume negotiations next week aimed at reviving stalled nuclear and sanctions discussions.

The talks come just days before an August 31 deadline set by the so-called “E3” to trigger the UN’s “snapback” sanctions mechanism, which would reinstate punitive measures lifted under the 2015 nuclear deal. European officials have warned that unless Iran commits to a verifiable and lasting agreement to address concerns over its uranium enrichment programme, sanctions will return in full force.

Tensions have escalated since June, when a 12-day conflict between Israel and Iran prompted Tehran to cut off cooperation with the International Atomic Energy Agency (IAEA). Restoring IAEA access is expected to be a central point of contention in the upcoming talks.

Iranian Foreign Minister Abbas Araqchi has rejected the legitimacy of the European threat, accusing the E3 of lacking “legal and moral competence” to invoke snapback sanctions, but maintained that Tehran remains open to diplomacy that safeguards its national interests.

With the snapback provision set to expire in October, the coming week’s negotiations may represent the last opportunity for both sides to avert a renewed cycle of sanctions and mistrust.

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