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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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Toyota Apologizes for Cheating on Vehicle Testing and Suspends Production of Three Models

 

Toyota Chairman Akio Toyoda has issued a public apology for extensive cheating on certification tests involving seven vehicle models. As a result, the automaker has suspended production of three affected models in Japan: the Corolla Fielder, Corolla Axio, and Yaris Cross. The wide-ranging faulty testing at Japan’s top automaker included several issues:

  1. Inadequate or Outdated Data: The testing process involved the use of inadequate or outdated data in collision tests.
  2. Airbag Inflation and Rear-Seat Damage: Incorrect testing procedures were applied to airbag inflation and rear-seat damage in crashes.
  3. Falsified Engine Power Tests: Engine power tests were found to have been falsified.

Despite these irregularities, Toyota emphasizes that the safety of vehicles already on the roads, including the Corolla subcompact and Lexus luxury vehicles, remains unaffected. The company’s apology reflects its commitment to maintaining high standards and rectifying any lapses in quality assurance.

The Japanese government initiated an investigation into Toyota’s practices in January, leading to the recent revelations. Interestingly, Toyota’s overseas production is not implicated in these issues. However, Japanese rival Mazda Motor Corp. also reported similar irregular certification testing and halted production of two models: the Roadster and Mazda . Mazda attributed its problems to incorrect engine control software used during testing.

Honda Motor Co., another major Japanese automaker, also apologized for improper tests on noise levels and torque. These tests affected a range of models, including the Accord, Odyssey, and Fit, although the safety of these vehicles remains intact.

The recent challenges faced by Toyota and other automakers underscore the importance of rigorous testing and quality control. As the industry evolves, automakers must continue to prioritize safety and transparency, ensuring that their vehicles meet the highest standards for consumers worldwide.


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