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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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Bank of Canada Poised to Cut Interest Rates Amid Trade Uncertainty

                                                

The Bank of Canada is expected to cut interest rates next week as the looming threat of tariffs from the United States continues to cast a shadow over the Canadian economy. With newly elected U.S. President Donald Trump threatening to impose a 25% tariff on all goods from Canada, the central bank is considering a 25-basis-point rate cut to mitigate potential economic damage.

Despite recent positive economic indicators, such as a 2% growth in the fourth quarter and the addition of 91,000 jobs in December, the uncertainty surrounding trade relations with the U.S. has prompted the Bank to take a cautious approach. The inflation rate, which slowed to 1.8% in December, is also a factor in the decision-making process, although core inflation measures remain high.

Economists are divided on the necessity of the rate cut, with some arguing that the central bank should hold off to maintain flexibility in the face of ongoing economic challenges. However, the prevailing sentiment is that the potential impact of tariffs outweighs other considerations, and a rate cut is the most prudent course of action.

The Bank of Canada's decision will be closely watched by markets and businesses alike, as it will have significant implications for borrowing costs and economic growth in the coming months.



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