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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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Iran Names New Supreme Leader Amid Escalating Gulf Strikes

                                            Ayatollah Khamenei was killed in strikes last weekend

Iran has selected a new supreme leader as the conflict engulfing the Gulf intensifies, marking a pivotal moment in a rapidly escalating regional war. According to senior Iranian officials, the Assembly of Experts has chosen a successor following the killing of Ayatollah Ali Khamenei in an Israeli strike last week, though the identity of the new leader has not yet been revealed. 

The announcement comes as Iran, the U.S., and Israel enter the ninth day of hostilities, with missile and drone attacks continuing across the Gulf. Regional states—including the UAE, Bahrain, and Kuwait—report ongoing damage to critical infrastructure as Iranian projectiles strike civilian and government sites. 

The leadership vacuum in Tehran has heightened tensions, with Israel signaling it may target any successor while Iran vows further retaliation. As diplomacy stalls and military exchanges intensify, global leaders warn that the conflict risks spiraling further without immediate de-escalation. 

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