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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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Canada Opens New Consulate in Greenland, Marking a Milestone in Arctic Diplomacy

 

Foreign Affairs Minister Anita Anand, front centre, helps raise the Canadian flag at the new Canadian consulate in Nuuk, Greenland, on Friday. 


Canada has officially inaugurated its new consulate in Nuuk, Greenland, a move that underscores the country’s growing commitment to Arctic cooperation and northern diplomacy. The opening ceremony was led by Governor-General Mary Simon, whose long-standing advocacy for Inuit and circumpolar collaboration added symbolic weight to the event.

The ceremony featured the raising of the Canadian flag and remarks highlighting the deep cultural, historical, and geographic ties between Inuit in Canada and Greenland. Officials emphasized that the new consulate will strengthen partnerships on climate research, economic development, and regional security—areas of increasing global interest as the Arctic continues to transform.

The consulate’s establishment also signals Canada’s intention to play a more active role in circumpolar affairs, ensuring that northern voices and priorities remain central to international discussions about the future of the Arctic.


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