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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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Markets Rally: S&P 500 Hits Record High Amid Recovery






On Thursday, the S&P/TSX composite index surged 333.29 points, closing at 21,222.69, marking a 1.6% gain. The energy sector led the charge, propelling Canada’s main stock index to new heights. But it wasn’t just the Great White North celebrating; across the border, U.S. markets also joined the party.

The S&P 500, a bellwether for American equities, etched a fresh all-time high. In New York, the Dow Jones industrial average climbed 348.85 points, reaching 38,773.12. Meanwhile, the tech-heavy Nasdaq composite danced upward by 47.03 points, settling at 15,906.17.

What’s fueling this market resurgence? Mixed messages from inflation readings have been playing a game of tug-of-war with investor sentiment. Earlier this week, hotter-than-expected U.S. CPI numbers triggered a selloff, but the subsequent days saw a remarkable recovery. Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, explains, “The numbers themselves aren’t bad. I think that the issue is people’s expectations, in particular at the end of December, had become so aligned to this view that we would see imminent and steep rate cuts.”

However, Burkett tempers expectations. “Right now, there’s very little chance that either the Bank of Canada or the U.S. Federal Reserve will start cutting interest rates in March,” he asserts. The specter of stubbornly elevated inflation looms large, making rate cuts a precarious proposition.

Recent earnings reports in Canada underscore the divergence between companies. While Manulife soared nearly nine percent after reporting robust earnings, Canadian Tire grappled with tougher economic conditions and softer consumer spending. Their stock price remained relatively stable.

As the markets sway, the Canadian dollar dances at 74.11 cents US, and commodities play their part. The April crude oil contract surged US$1.23, settling at US$77.59 per barrel. Meanwhile, gold glimmered, with the April gold contract adding US$10.60, reaching US$2,014.90 per ounce. Copper, too, caught the bullish wave, climbing six cents to US$3.76 per pound.

In this financial tango, investors watch closely, balancing optimism with caution. The rhythm of recovery continues, and the markets sway to their own beat.


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