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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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Ford Pushes for Highway 401 Tunnel in Letter to Carney

 

Ontario Premier Doug Ford has formally requested federal support for a proposed tunnel under Highway 401, a project he describes as nation-building and essential for economic growth. In a letter sent to Prime Minister Mark Carney, Ford outlined several priority projects, including critical mineral access, electric vehicle supply chain development, and bail reforms. However, the most ambitious proposal is the tunnel, which Ford argues would significantly reduce congestion on North America's busiest highway.

The Ford government is currently seeking proposals for a feasibility study to explore various options, including an elevated highway and truck-only lanes. Despite skepticism from opposition leaders, Ford remains committed to the tunnel project, emphasizing its long-term benefits for Ontario's infrastructure and economy.

Critics, including NDP Leader Marit Stiles and Liberal Leader Bonnie Crombie, have dismissed the tunnel as unrealistic and financially burdensome. Stiles called it a "fantasy tunnel," while Crombie warned that its cost could bankrupt the province. Nevertheless, Ford has pledged to move forward with the project, regardless of feasibility study outcomes.

The federal government's response to Ford's request remains uncertain, but the proposal has already sparked significant debate about Ontario's infrastructure priorities and the future of transportation in the province.

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