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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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Pope Francis Returns to Vatican After Battling Severe Pneumonia

Pope Francis has been discharged from Rome's Gemelli Hospital following a life-threatening bout of pneumonia. The 88-year-old pontiff, who has a history of chronic lung issues, spent 38 days in the hospital—the longest stay of his papacy.

Before leaving, the Pope made a brief public appearance on the hospital balcony, where he blessed the gathered crowd and expressed gratitude for their prayers. Chants of "Viva il papa!" filled the air as he waved and gave a thumbs-up.

Doctors have advised the Pope to rest and avoid large gatherings for the next two months as he continues his recovery. Despite the challenges, his return to the Vatican has brought relief and joy to the Catholic faithful worldwide.

This marks a significant moment in his 12-year papacy, showcasing his resilience and the global support he continues to receive.

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