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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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Storm Leonardo Leaves One Dead and One Missing as It Batters Iberian Coast

People in boats sail through the streets after storm Leo flooded the streets of Alcacer do Sal, Portugal

Storm Leonardo has unleashed powerful winds and torrential rain across Spain and Portugal, leaving one man dead and a woman missing as emergency crews race to contain the damage.

Authorities in northern Portugal confirmed that a man lost his life after being swept away by rising floodwaters late Wednesday. In Spain’s Galicia region, search teams are still looking for a woman who disappeared near a swollen river as conditions rapidly deteriorated.

The storm has triggered widespread flooding, power outages, and transportation disruptions across both countries. Coastal areas have been hit especially hard, with waves exceeding several meters and forcing the closure of ports and seaside roads.

Meteorologists warn that Leonardo will continue to bring hazardous conditions as it moves eastward, urging residents to remain cautious and follow official safety guidance.


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