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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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Mark Carney Eyes Liberal Leadership Following Trudeau's Resignation


In the wake of Justin Trudeau's resignation as the leader of the Liberal Party, former Bank of Canada and Bank of England governor Mark Carney has announced that he is considering entering the race to succeed Trudeau. Trudeau, who has served as Prime Minister for nine years, cited internal party pressures and declining public support as reasons for his decision to step down.

Carney, 59, has had a distinguished career in finance and public service, and his potential candidacy has generated significant interest within the Liberal Party. Over the past few weeks, Carney has been in contact with numerous Liberal MPs, seeking their advice and support for his leadership bid. While some MPs have expressed skepticism about his ability to transition from a career in finance to politics, others have praised his economic expertise and leadership qualities.

Carney's entry into the leadership race could bring a fresh perspective to the Liberal Party, which is facing challenges both internally and from the opposition. As the party prepares for a competitive leadership contest, Carney's experience and vision for Canada's future will be closely scrutinized by party members and the public alike.

The Liberal Party's leadership race is expected to be a robust and nationwide process, with several other high-profile candidates, including former Deputy Prime Minister Chrystia Freeland and Transport Minister Anita Anand, also being considered as potential successors to Trudeau. The outcome of this leadership contest will shape the future direction of the Liberal Party and its approach to key issues such as the economy, climate change, and social policies.

As Carney weighs his decision, he has emphasized the importance of consulting with his family and considering the impact of his potential candidacy on his personal and professional life. The coming weeks will be crucial for Carney and the Liberal Party as they navigate this period of transition and prepare for the challenges ahead.


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