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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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Alberta Premier Danielle Smith Replaces Deputy Health Minister Amid AHS Allegations

 

In a significant political move, Alberta Premier Danielle Smith has removed Deputy Health Minister Andre Tremblay following allegations of government interference in lucrative medical contracts. The decision comes in the wake of a lawsuit filed by former Alberta Health Services (AHS) CEO Athana Mentzelopoulos, who claims she was wrongfully dismissed for investigating questionable contracts pushed by high-ranking government officials.

Mentzelopoulos alleges that she faced pressure from government officials, including those in the premier's office, to sign off on contracts with surgical facilities at inflated prices. The lawsuit, which has not yet been tested in court, also claims that Health Minister Adriana LaGrange attempted to thwart her probe into these contracts.

Premier Smith has announced that Tremblay will continue to serve as the head of Alberta Health Services while the government conducts an internal review. Smith has also stated that an independent third party will be hired to assist with the investigation and that a "legal conflicts wall" will be established to separate the ongoing work of those implicated from the investigation.

Despite calls for a public inquiry, Smith has opted for an internal review, emphasizing the government's commitment to transparency and accountability. Both Smith and LaGrange have denied any involvement in the awarding of private surgery contracts, asserting that all contracting decisions were made by AHS staff.

The allegations have sparked a political firestorm in Alberta, with opposition parties and some members of Smith's cabinet calling for a more thorough investigation. As the situation unfolds, the government faces mounting pressure to address the concerns raised by Mentzelopoulos and ensure the integrity of Alberta's healthcare system.


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