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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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Heartfelt Search Continues for Missing Siblings in Rural Nova Scotia

 

A family in rural Nova Scotia remains hopeful as the search for a missing boy and girl enters another day. The siblings, **six-year-old Lily Sullivan and four-year-old Jack Sullivan**, vanished under mysterious circumstances, prompting an extensive rescue operation involving local authorities, volunteers, and community members.  

Emergency responders and search teams are combing the area, using drones equipped with **heat-seeking technology**, tracking dogs, and ground crews in an effort to locate the children. Authorities are urging anyone with information to come forward, emphasizing the importance of community involvement in such critical situations.  

While uncertainty lingers, the children’s family has expressed gratitude for the overwhelming support and remains steadfast in their hope for a safe reunion. **Their stepfather, Daniel Martell, has met with RCMP officials and remains hopeful**. As efforts continue, the community is holding onto optimism, refusing to let despair overshadow their determination.  

The search remains ongoing, with authorities encouraging residents to stay vigilant and report any potential leads.  



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