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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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Mojtaba Khamenei Takes Helm as Iran’s New Supreme Leader Amid Turmoil

 

                Mojtaba Khamenei, the second son of Iran's former Supreme Leader Ayatollah Ali Khamenei


Iran has officially named Mojtaba Khamenei, the second son of the late Ayatollah Ali Khamenei, as the country’s new supreme leader, marking a historic and controversial moment for the Islamic Republic. The decision, announced by Iranian state media, comes just over a week after Ali Khamenei was killed in joint U.S.–Israeli strikes, an event that has plunged the nation into political uncertainty and heightened regional tensions. 

Mojtaba Khamenei, a mid-ranking cleric long known for his behind-the-scenes influence, has never held elected office but has cultivated deep ties within Iran’s security establishment, particularly the Islamic Revolutionary Guard Corps. His appointment by the Assembly of Experts signals a push for continuity within the ruling elite, despite the Islamic Republic’s ideological discomfort with hereditary succession. 

The transition unfolds as Iran faces one of the most significant threats to its stability in decades, with ongoing military strikes, internal power struggles, and international scrutiny. Whether Mojtaba’s leadership will consolidate authority or intensify existing fractures remains an open question as the nation navigates this volatile chapter. 

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