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Canada's Rent Slide Is Finally Stalling — What It Means If You Rent or Rent Out

  Published August 13, 2026 For nearly two years, "Canadian rents are falling" has been one of the safest headlines in personal finance. The August 2026 National Rent Report from Rentals.ca and Urbanation, released last week, suggests that streak may finally be running out of road — and the shift matters whether you're the one paying rent or the one collecting it. The Numbers National avg. asking rent (July) $2,037 Year-over-year change -4.0% (22nd straight monthly decline) Month-over-month change +0.2% (4th straight monthly rise) Toronto, month-over-month +1.6% to $2,577 Falling, But Not as Fast Rent is still dropping on a year-over-year basis nationally — that's now been true for 22 straight months. But the pace of the decline has been easing since it bottomed out in March, and July marked the smallest annual drop since February. On a month-to-month basis, rent has now risen for four months running, which typically happens every summer as the market hits its season...
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Pressure Mounts on Canadian Prime Minister Trudeau Amid By-Election Defeat

 

Canadian Prime Minister Justin Trudeau is currently facing renewed pressure to step down as the leader of the Liberal Party. 

The recent by-election defeat in the Toronto-St. Paul’s riding has sparked calls for his resignation. Former Liberal minister Catherine McKenna has publicly stated that it’s time for the party to find a new leader, emphasizing the need for fresh ideas and energy. Despite this, Trudeau’s current ministers continue to stand by him, even as voters express discontent over housing and inflation.

Additionally, Liberal backbencher Wayne Long has sent an email to caucus calling for Trudeau’s resignation after the party’s loss in a traditionally Liberal riding. The situation remains tense, and Trudeau’s political future hangs in the balance. 

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