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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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Canada’s Inflation Rate Eases to 2.9% in January

 


Canada’s annual rate of inflation slowed in January, with prices rising 2.9 per cent, according to Statistics Canada. This deceleration was primarily driven by lower year-over-year prices for gasoline. Excluding volatile items like energy and food, the core inflation rate remained relatively stable.

Factors Influencing the Slowdown:

  1. Gasoline Prices: The decline in gasoline prices contributed significantly to the easing of inflation. As global oil markets adjusted, consumers benefited from more affordable fuel at the pump.

  2. Grocery Costs: Price growth for groceries also decelerated, rising 3.4 per cent annually in January compared to 4.7 per cent in December. This moderation in food prices played a role in curbing overall inflation.

  3. Base-Year Effect: The headline Consumer Price Index (CPI) grew at a slower pace year over year in January due to a base-year effect. The monthly increase in January 2023 was smaller than that in January 2022.

While this slowdown is a positive sign, it’s essential to monitor inflation trends closely. The central bank will continue to assess economic conditions and adjust monetary policy as needed. As we navigate the delicate balance between price stability and economic growth, Canadians can expect ongoing discussions about inflationary pressures and their impact on household budgets.

In summary, Canada’s inflation rate has taken a breather, but vigilance remains key as we move forward in 2024.


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