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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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Parliament's Last-Minute Decision on $21B Spending Bill


                                                                        

 In a dramatic turn of events, Members of Parliament are gearing up for an eleventh-hour vote on a $21.6 billion spending bill. The vote, which is set to take place late tonight, comes just hours before the crucial deadline of December 10th.

The bill, proposed by the Liberals, seeks to allocate funds for various programs, including the First Nations child and family services program and compensation for Quebec's services for asylum seekers. However, the path to this vote has been anything but smooth. Parliament has been in a deadlock for months as Conservatives have been pressing the Liberals to release documents related to alleged misspending on a green-tech fund.

In a surprising move last week, Speaker Greg Fergus ruled to pause the ongoing privilege debate, allowing the spending bill vote to proceed. This decision underscores the urgency and importance of the bill, which includes $561 million for the Department of National Defence's Canadian multi-mission aircraft project.

Government House leader Karina Gould expressed cautious optimism, stating, "I'm looking forward to having the vote. There's a lot of really good things in there for Canadians, and it's important we get this done."

The outcome of this vote will have significant implications for various government programs and services, making it a pivotal moment for Canadian politics.



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