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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 Stands Firm on Residency Rule for International Medical Graduates

Ontario defends controversial residency rules for international medical graduates despite criticism.

Ontario is facing mounting criticism over its new residency eligibility rule for international medical graduates (IMGs), but the province has made it clear it will not back down.

The policy requires IMGs—doctors trained outside Canada who are permanent residents or citizens—to have completed at least two years of high school in Ontario to qualify for the first round of residency matches. Those who do not meet this requirement may still apply in the second round for unfilled positions.

The government argues the rule is designed to strengthen long-term workforce planning and ensure that physicians who train in Ontario are more likely to remain in the province. However, critics—including medical associations and advocacy groups—warn that the change could worsen the already severe shortage of family doctors, with more than two million Ontarians currently without one.

Internationally trained doctors have expressed frustration, calling the policy unfair and exclusionary, especially as many had already invested significant time and money preparing for the residency application process. The Ontario Medical Association has also voiced concern that the rule could deter skilled physicians from practicing in the province.

Despite the backlash, provincial officials maintain that prioritizing candidates with strong ties to Ontario will help build a more stable and locally connected healthcare workforce.


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