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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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Severe Blizzard Conditions Persist in Ontario: Travel Advisory in Effect


Ontario continues to grapple with severe blizzard conditions, leading to widespread highway closures and hazardous travel conditions. Environment and Climate Change Canada (ECCC) has issued blizzard warnings for several areas surrounding Lake Huron, including Owen Sound, Blue Mountains, and Saugeen Shores. 

The blizzard conditions are accompanied by strong, gusty winds, with speeds reaching up to 80 km/h, causing significant blowing snow and reduced visibility. The hardest-hit regions could see accumulations of 30-50 cm of snow, making travel extremely treacherous. 

Highway 21, from Ashfield to Southampton, has been closed due to poor conditions and a reported incident. Other affected highways include 10, 26, and parts of the 400, with potential bursts of snow reaching the northern Greater Toronto Area (GTA) and parts of the 401. 

ECCC advises against non-essential travel and urges those who must travel to keep others informed of their schedule and destination, carry an emergency kit, and stay updated on weather warnings. 

Stay safe and stay informed as conditions continue to deteriorate in Ontario's snowbelt regions.




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