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The Gas Tax Holiday Ends in 24 Days — Here's the Real Math on What You'll Save

  Published August 14, 2026 Ottawa's fuel excise tax suspension shuts off September 7. Here's what it's actually been worth at the pump, what changes the next morning, and who should plan a fill-up before Labour Day. The Countdown The federal fuel excise tax returns to full rate on September 8, 2026 — that's 24 days from today. Prices reset to their pre-April 20 rate the moment the clock hits midnight. If you've noticed gas feeling a little less painful since spring, that wasn't your imagination. On April 20, 2026, Ottawa suspended the federal fuel excise tax — 10 cents a litre off gasoline, 4 cents off diesel — as Middle East oil-supply disruptions pushed pump prices toward $2 a litre in some cities. The suspension, passed as part of Bill C-30, has been running for nearly four months. It ends September 7, inclusive. On September 8, the tax comes right back. What the holiday actually saved you The headline number — 10 cents a litre on gas — undersells it sligh...
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Toronto Home Sales Rebound in July Amid Ongoing Price Slide


Toronto’s housing market showed signs of renewed activity in July, with home sales climbing even as prices continued their downward trajectory.

According to the Toronto Regional Real Estate Board (TRREB), the number of homes sold in July rose compared to the previous month, suggesting that buyers are re-entering the market despite persistent affordability concerns. The uptick in sales comes as average home prices in the region declined for the third consecutive month, reflecting a steady cooling from the pandemic-era highs.

The price dip is largely attributed to higher borrowing costs and cautious buyer sentiment. With the Bank of Canada maintaining elevated interest rates, many prospective homeowners are adjusting their expectations, leading to more realistic pricing across various segments of the market.

While detached homes and condos both saw increased sales volumes, the most notable growth occurred in the townhouse sector, which continues to attract buyers seeking a balance between space and affordability.

Real estate experts suggest that the current environment may offer opportunities for buyers who were previously priced out of the market. However, they caution that further rate hikes or economic uncertainty could temper the momentum.

As Toronto’s housing market recalibrates, July’s data hints at a potential shift toward greater stability—albeit with prices still under pressure.


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