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Renting vs. Buying in Canada Right Now: The Real Math

With home prices softening and rents still stubbornly high, Canadians are asking the same question louder than ever. We ran the actual numbers — and the answer may surprise you. BY MONEYSAVINGS.CA  |  MAY 2026  |  8 MIN READ If you've Googled "should I rent or buy in Canada" recently, you've likely been greeted by a chorus of conflicting opinions. Realtors tell you now's a great time to buy. Your landlord just raised your rent — again. Your parents swear homeownership is the only real investment. And your bank account is sweating at the thought of a down payment. So let's cut through the noise and do what we do best here at MoneySavings.ca: run the actual math. 📊 The Canadian Market Snapshot: Where We Stand in 2026 After years of dizzying highs, Canada's housing market has finally exhaled. Here's the current lay of the land, by the numbers: $660K Avg. Canadian Home Price (down 15% from 2022 peak) $2,125 Avg. Monthly Rent 2BR in major cities 3.9% Lowes...
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Toronto Transit Workers Face Friday Strike Deadline

 

Toronto transit workers are on the brink of a strike unless negotiations see significant changes on key contract issues. The looming deadline, set for Friday just past midnight, could trigger the first TTC strike since 2008.

Core Issues and Impasse

ATU Local 113 president Marvin Alfred stated that negotiations have reached an “impasse.” The union’s nearly 12,000 members are moving toward a strike unless core issues—such as wages, benefits, and job security—are addressed. The union seeks protections against outsourcing jobs to third parties and cross-boundary service transfers to other Greater Toronto Area transit operators.

Optimism and Challenges

TTC spokesperson Stuart Green remains optimistic that a deal can be worked out before the deadline. Negotiations are likely to go down to the wire, balancing the challenging work of union members with affordability for the City of Toronto. TTC chair Jamaal Myers echoes this optimism, emphasizing the need for contingency plans.

Impact on Commuters

A strike could disrupt travel plans for tens of thousands of commuters who rely on TTC subways, streetcars, and buses. While both sides continue bargaining, it’s essential for commuters to have a backup plan in place.



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