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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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Tragedy Strikes as Tropical Storm Trami Devastates the Philippines

 

The Philippines is reeling from the devastating impact of Tropical Storm Trami, which has caused massive flooding and landslides, leaving at least 126 people dead or missing. The storm, which struck the northern regions of the country on Thursday and Friday, has displaced over 500,000 residents and isolated numerous communities.

President Ferdinand Marcos addressed the nation on Saturday, expressing deep sorrow over the loss of life and the ongoing struggles faced by those affected. “Many areas remain isolated, and rescue operations are still underway,” he stated, highlighting the urgent need for aid and support in the hardest-hit regions.

The storm’s relentless rains triggered landslides that buried homes and infrastructure, complicating rescue efforts. Emergency services are working tirelessly to reach those trapped and provide essential supplies to survivors. The government has mobilized all available resources to assist in the rescue and recovery operations.

As the nation mourns, the international community has begun to offer support, with neighboring countries and global organizations pledging aid to help the Philippines recover from this catastrophic event.


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