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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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Mountain Paradise, Lingering Stench: Canmore’s Ongoing Wastewater Woes

                                            Cyclists ride through downtown Canmore, Alta., on Monday, April 24, 2023.

Nestled against the breathtaking backdrop of the Rockies, the town of Canmore, Alberta, continues to grapple with an unpleasant problem that has lingered for decades — the persistent sewage odour from its wastewater treatment plant, originally built in the 1990s.

Despite millions of dollars invested in upgrades and mitigation efforts, residents say the stench still drifts across neighbourhoods, particularly during warmer months. Locals have even coined tongue-in-cheek slogans, such as “Come climb a peak; don’t mind the reek,” to highlight the issue.

Town officials acknowledge the problem remains a top priority. Mayor Sean Krausert has emphasized that while the odour is a complex challenge, council is committed to finding a long-term solution. Recent measures include multi-million-dollar projects aimed at modernizing the facility and reducing emissions, but so far, the smell has proven stubborn.

For residents who have lived with the problem for years, the hope is that Canmore’s reputation as a pristine mountain destination will one day be restored — without the unwelcome reminder of its wastewater plant.


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