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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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Energy Shockwaves Ripple Across the Middle East

            Smoke billows from Saudi Aramco's Ras Tanura oil refinery after a reported Iranian drone strike.

A surge of coordinated strikes across the Middle East has forced the shutdown of major oil and gas facilities in Saudi Arabia, Iraqi Kurdistan, and Israel, intensifying global energy concerns. Saudi Arabia closed its largest domestic refinery at Ras Tanura after a drone strike triggered precautionary measures and a limited fire. 

In Iraqi Kurdistan, most oil production has been suspended as regional tensions escalate, while Israel has halted operations at key offshore gas fields—including Leviathan and Karish—to safeguard infrastructure amid ongoing Israeli, U.S., and Iranian military exchanges. 

These disruptions have tightened global supply expectations, contributing to a sharp rise in oil prices and raising fears of broader instability in energy markets. The shutdowns underscore how quickly geopolitical conflict can reverberate through critical energy corridors, affecting everything from regional exports to global fuel costs. 

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