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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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Ontario Braces for Back-to-Back Snowstorms: Travel Warnings Issued

Winter is in full swing across Ontario, with three more rounds of snow expected to hit the region this week. The back-to-back storm systems are bringing gusty winds and heavy snowfall, making travel difficult and dangerous.

The first round of snow, a clipper system, has already blanketed eastern Ontario with 5-10 cm of snow, leading to school bus cancellations and winter weather travel advisories in the Greater Toronto Area (GTA). Visibility has been significantly reduced at times, prompting warnings for drivers to slow down and be prepared to stop.

As the clipper system moves out, lake-effect snow will sporadically impact southern Ontario, potentially bringing **10-20 cm of snow** locally. Another clipper system is expected to spread snow from Thunder Bay to Ottawa through Thursday afternoon, adding another 5-10 cm of snow to the mix.

The most significant event is forecasted for Thursday night into Friday, with a Texas low developing near Lake Erie. This system could bring a mix of rain and snow, changing to heavy snowfall as colder air moves in. Forecasters are closely monitoring the storm's track, as it could be quite impactful for the region.

With temperatures plunging into the minus teens by Saturday, Ontarians are advised to stay updated with the latest weather alerts and road conditions. The first few weeks of February are expected to be volatile, with an active pattern of winter systems.




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