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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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Ottawa’s Draft Infrastructure List Puts New Alberta–B.C. Oil Pipeline Back in Play

 



The federal government’s internal draft list of 32 potential infrastructure projects under the new Building Canada Act includes a controversial proposal: a new oil pipeline linking Alberta’s heavy crude to the Pacific Coast via northwest British Columbia.

Dubbed the Northwest Coast Oil Pipeline, the project is a top priority for Alberta Premier Danielle Smith, who argues it would open direct access to Asian markets and strengthen Canada’s trade diversification. However, the B.C. government has voiced concerns over its feasibility and funding, while several coastal First Nations have urged Ottawa to reject the plan.

The draft list, obtained by The Globe and Mail, spans all provinces and territories, featuring 14 energy projects, eight mines, five ports, and major transport upgrades. Highlights include LNG Canada Phase 2 in Kitimat, Ontario’s small modular reactors at Darlington, and the Mackenzie Valley Highway in the Northwest Territories.

Under Bill C‑5, projects deemed in the “national interest” could be fast-tracked through a new Major Projects Office in Calgary, led by former Trans Mountain CEO Dawn Farrell. Prime Minister Mark Carney has pledged to prioritize initiatives that create jobs, diversify trade, and balance conventional energy with clean technology investments.

Consultations with Indigenous communities and affected regions will be required before the final list is approved — setting the stage for a national debate over how Canada should balance energy security, environmental protection, and economic growth.


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