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

Loonie Slips to Six-Day Low as Rate Cut Odds Rise

 

The Canadian dollar weakened on Tuesday, touching its lowest level in nearly a week, as traders increasingly priced in the possibility of a Bank of Canada (BoC) interest rate cut later this month. The loonie fell 0.3% to 1.3790 against the U.S. dollar, after briefly hitting 1.3815 — its weakest intraday level since last Wednesday.

Market expectations for a 25-basis-point cut at the BoC’s September 17 policy meeting have climbed to around 50%, up from 40% before last week’s disappointing GDP data showed a sharper-than-expected economic contraction in the second quarter. The central bank last lowered rates in March, bringing its benchmark to 2.75%.

Global bond yields surged, with U.S. 30-year Treasury yields nearing 5%, adding pressure on risk-sensitive currencies. However, the loonie’s decline was cushioned by a 2.5% jump in oil prices to $65.59 a barrel — a key Canadian export.

Analysts say the currency’s near-term direction will hinge on upcoming domestic employment data and whether the BoC signals a more aggressive easing path to support a slowing economy.

Labels:

Comments

Post a Comment