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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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Nova Scotia Community Rallies as Search Continues for Missing Childre

Authorities and volunteers are tirelessly searching for two young children who went missing in a remote wooded area of Pictou County. The siblings, last seen near their home, have prompted a widespread search effort involving local residents, police, and emergency response teams.  

Search crews have deployed drones, tracking dogs, and ground teams to comb the dense forest for signs of the children. Despite difficult terrain and changing weather conditions, rescuers remain hopeful and determined.  

Local community members have come together to support the search, offering food, shelter, and assistance to those involved. Officials urge anyone with information to come forward and encourage residents to remain vigilant.  

Authorities emphasize that time is critical and are calling on the public to stay informed and lend support as efforts continue.  


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