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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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Senate to Decide Fate of Funding Bill as Shutdown Deadline Looms


In a dramatic turn of events, the U.S. House of Representatives approved a crucial funding bill just hours before the midnight deadline, sending it to the Senate for immediate consideration. The bill, which passed with a vote of 366-34, aims to temporarily fund federal operations and provide disaster aid, but notably excludes an increase in the debt ceiling as demanded by President-elect Donald Trump.

House Speaker Mike Johnson emphasized the importance of avoiding a government shutdown, especially during the holiday season, while acknowledging the challenges posed by Trump's last-minute demands. The bill now faces a critical test in the Senate, where its passage is expected but not guaranteed.

As the clock ticks down, all eyes are on the Senate to see if they can act swiftly enough to prevent a shutdown that would disrupt federal services and impact millions of Americans.




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