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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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Starmer Retreats on Welfare Cuts Amid Mounting Labour Dissent

British Prime Minister Keir Starmer has scaled back controversial welfare reform plans following a significant backlash from within his own Labour Party. The proposed changes, which aimed to tighten eligibility for key disability benefits and reduce support for low-income individuals with health conditions, were expected to save the government £5 billion annually.

However, more than 100 Labour MPs publicly opposed the reforms, warning they would disproportionately harm vulnerable citizens. Facing a potential defeat in Parliament just a year after his landslide election victory, Starmer’s government announced that existing recipients of the Personal Independence Payment (PIP) would no longer be affected. The revised plan will now apply only to new claimants.

Work and Pensions Minister Liz Kendall emphasized that the government remains committed to reforming the welfare system to ensure sustainability while protecting those most in need. The move was welcomed by some Labour figures as a “workable compromise,” though critics labeled it another in a series of government U-turns.

The revised bill is set to be voted on in Parliament on July 1.

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