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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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Global Tensions Rise as UN Reimposes Sanctions on Iran

 


The United Nations has reinstated an arms embargo and sweeping sanctions on Iran after European powers accused Tehran of violating the 2015 nuclear agreement. Britain, France, and Germany triggered the so-called “snapback” mechanism at the UN Security Council, citing Iran’s enrichment of uranium beyond permitted levels and restrictions placed on international inspectors.

The renewed measures include a ban on arms sales, uranium enrichment, and ballistic missile development, alongside travel bans and asset freezes targeting dozens of Iranian individuals and entities. All UN member states are now authorized to seize prohibited materials linked to Iran’s nuclear program.

Iran has strongly condemned the move, recalling its ambassadors from London, Paris, and Berlin. President Masoud Pezeshkian insisted that while Iran will remain within the Nuclear Non-Proliferation Treaty, it will not bow to what he called “unjust pressure.” Meanwhile, Israel welcomed the sanctions as a “major development,” while Russia denounced them as “unlawful” and warned the UN against recognizing their legitimacy.

The reimposition of sanctions comes amid heightened instability in the Middle East, following recent strikes on Iranian nuclear facilities by Israel and the United States. European leaders stressed that diplomacy remains on the table, urging Tehran to return to compliance and resume negotiations.


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