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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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U.S. Storm Cuts Power to 500,000 and Grounds Thousands of Flights

 

Shannon White, who has been homeless for 30 years, uses a blanket to stay warm while walking to a day shelter during Winter Storm Fern in Oklahoma City, Oklahoma,\.


A powerful winter storm sweeping across the United States has left more than half a million people without electricity and forced the cancellation of thousands of flights, creating widespread disruption from the Midwest to the East Coast. The storm delivered a dangerous mix of heavy snow, strong winds, and freezing rain, overwhelming power grids and making travel nearly impossible in several regions.

Airports in major cities have been hit especially hard, with airlines grounding flights due to icy runways and poor visibility. Travelers are facing long delays, packed terminals, and rapidly changing schedules as the storm continues to move across the country.

Road conditions have deteriorated quickly, prompting officials to warn residents to stay home unless absolutely necessary. Emergency crews are working to restore power and clear major routes, but ongoing snowfall and ice accumulation are slowing progress.

Forecasters expect the storm’s effects to linger, with additional snow and freezing temperatures likely to complicate recovery efforts. Residents are being urged to prepare for extended outages and avoid unnecessary travel as the system continues its path across the nation.

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