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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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Tehran Opens Door for Japanese Ships Amid Hormuz Tensions

 

A cargo ship in the Gulf, near the Strait of Hormuz, as seen from the United Arab Emirates, near the border with Oman, on March 11.

Iran has signaled a willingness to allow Japanese‑related vessels safe passage through the Strait of Hormuz, easing concerns over a critical global oil route amid heightened regional tensions. This development follows direct communication between Tehran and Tokyo, with Iranian Foreign Minister Abbas Araghchi emphasizing that the strait remains open to countries not engaged in military action against Iran.

Iran has announced its readiness to permit Japanese‑related vessels to transit the Strait of Hormuz, one of the world’s most vital maritime chokepoints for oil shipments. According to reports from Kyodo News, Iranian Foreign Minister Abbas Araghchi stated that while the strait remains closed to nations involved in military actions against Iran, it is open to others—including Japan—pending coordination with Tehran.

Japan, which relies on the Middle East for more than 90% of its crude oil imports, has been particularly vulnerable to disruptions in the region. The ongoing conflict and partial blockade of the strait have already pressured Tokyo to release oil from its strategic reserves.

Negotiations between Iran and Japan are ongoing, with Tehran expressing willingness to ensure safe passage for Japanese vessels as long as communication channels remain open. This move may help stabilize energy supply routes and reduce geopolitical strain in a region already on edge. 

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