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Is Now a Good Time to Rent vs. Buy in Canada?

After years of brutal rent hikes that left many Canadians feeling priced out of their own cities, something has quietly shifted: rents are finally falling. But does that mean you should lock in a lease and wait out the housing market — or is this actually the window you've been waiting for to buy? The answer, as always, depends on your city, your finances, and your plans. Here's a clear-eyed breakdown of where things stand in 2026. What's Happening With Rents Right Now The Canadian rental market has undergone a dramatic reversal. After vacancy rates hit record lows in 2023 and rents surged by as much as 8% nationally in a single year, the tide has turned. According to the Canada Mortgage and Housing Corporation (CMHC), the national vacancy rate for purpose-built rental apartments rose to 3.1% in October 2025 — up from 2.2% in 2024 and a record low of just 1.5% in 2023. That 3.1% figure now sits above the 10-year historical average , marking a meaningful shift in the bal...
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Red Sea Crisis: Civilian Ship Crew Evacuated After Fatal Houthi Attack

 

In a tragic turn of events, the Red Sea has witnessed its first civilian casualties due to the escalating Houthi attacks. A commercial vessel, targeted by a missile, resulted in the death of three crew members, prompting an urgent evacuation by the Indian Navy. The attack marks a significant escalation in the conflict, underscoring the dangers faced by civilian seafarers in one of the world’s busiest shipping lanes.

The vessel, identified as the Barbados-flagged True Confidence, was operating about 50 nautical miles off the port of Aden when it was struck. The Indian Navy’s swift action ensured the safety of the remaining crew, who were taken to a hospital in Djibouti. The international community has expressed outrage over the attack, calling for immediate action to protect innocent lives and maintain the security of critical maritime routes.

This incident has raised serious concerns about the safety of commercial shipping in the region and the potential impact on global trade. With the Houthis continuing their campaign, the call for decisive measures to safeguard seafarers and ensure the free flow of commerce has never been more urgent.

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