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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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Liberal Leadership Race Heats Up as High-Profile Candidates Emerge

 

As the race to elect a new Liberal leader quickly approaches, the field of hopefuls is narrowing. Former Bank of Canada governor Mark Carney is expected to launch his bid to replace Prime Minister Justin Trudeau after signaling plans through his campaign team. Former B.C. premier Christy Clark is also debating whether to put her name forward, expressing her serious consideration despite disappointment with the short timeline for the race.

Several high-profile cabinet ministers have announced they will not run, including Labour Minister Steven MacKinnon and Transport and Internal Trade Minister Anita Anand, who each bowed out over the weekend. They join Finance Minister Dominic Leblanc and Foreign Affairs Minister Melanie Joly, who have decided to focus on their portfolios instead.

Hopefuls have until January 23 to declare their candidacy, with the new leader set to be announced on March 9. So far, former Montreal MP Frank Baylis and Nepean, Ont., MP Chandra Arya are the only ones to publicly state their intention to run.

The race is shaping up to be a pivotal moment for the Liberal Party as it seeks new leadership and direction for the future.

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