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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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Anthony Albanese Secures Historic Second Term as Australia's Prime Minister

 

In a landmark victory, Prime Minister Anthony Albanese has won a second consecutive three-year term, making him the first Australian leader in 21 years to achieve this feat. His center-left Labor Party secured a decisive win over the conservative opposition, led by Peter Dutton, who conceded defeat and accepted responsibility for his party’s performance.  

The election was shaped by key issues such as inflation, energy policy, and cost-of-living concerns, with both major parties presenting contrasting solutions. Albanese’s administration emphasized renewable energy and economic stability, while Dutton’s campaign focused on nuclear power and government spending cuts.  

International relations also played a role, with Albanese highlighting his government’s success in improving trade relations with China, which had previously imposed restrictions costing Australian exporters billions. Meanwhile, Dutton’s party faced criticism for its alignment with U.S. President Donald Trump’s policies, which some voters viewed as divisive.  

With this victory, Albanese is set to continue his leadership, promising economic reforms, climate action, and social welfare improvements. His win signals strong public support for his vision of a **progressive and stable Australia.  



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