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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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A Historic Moment: The Philippines Awaits a Possible Filipino Pope

As the papal conclave unfolds in Vatican City, the Philippines is watching with keen anticipation. With three Filipino cardinals—Luis Antonio Tagle, Jose Advincula, and Pablo Virgilio David—eligible to vote and be voted for, the possibility of a Filipino pope has never been more tangible.

Among the contenders, Cardinal Luis Antonio Tagle has emerged as a strong candidate. Often referred to as the "Asian Francis," Tagle has won admiration for his progressive approach and humble demeanor. His potential election would mark a historic moment, making him the first Filipino and Asian pope.

The conclave, a centuries-old tradition, remains shrouded in secrecy. Cardinals cast their votes in the Sistine Chapel, with black smoke signaling an inconclusive vote and white smoke announcing the election of a new pontiff. As the world waits, Filipinos are hopeful that one of their own may soon lead the Catholic Church.


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