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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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Your daily horoscope: September 3, 2025

 

IF TODAY IS YOUR BIRTHDAY

Mercury’s influence on your birthday is strong but to make the most of it your moves must be careful and deliberate. Fortunately you are not the sort to let your heart rule your head, so plan ahead and take the journey a step at a time.

Aries (March 21 – April 20):

Try not to be negative about other people’s efforts today because they are doing their best. Colleagues will respond better to praise than criticism, so thank them for what they have done so far and tell them you expect even greater things in future.

Taurus (April 21 – May 21):

You don’t have to be nice to someone who has not been nice to you of late but the planets warn if you keep playing tit for tat your relationship could soon reach the point of no return. Maybe just spend some time apart for a while.

Gemini (May 22 – June 21):

You know what is right and you don’t need to be told how to respond to what is taking place in the world around you. Whoever is trying to change your point of view obviously has an agenda of some kind, so don’t let them fool you.

Cancer (June 22 – July 23):

Your confidence is high at the moment but there are still some issues that need to be dealt with that you would rather put off to another day. You know that can’t be done though, so put a smile on your face and get stuck in.

Leo (July 24 – Aug. 23):

If someone you work or do business with is behaving in an overly generous manner you need to be on your guard. Mercury in the financial area of your chart is making a series of negative links at the moment, so you cannot afford to take chances.

Virgo (Aug. 24 – Sept. 23):

What other people expect of you is of no importance. What matters is what you expect of yourself. This is a good day to look at your ambitions and decide which of them you are truly committed to and which of them needs to be junked.

Libra (Sept. 24 – Oct. 23):

You need to be careful today because your eye for luxury items could lead you into making a bid for something you cannot really afford. Not only that but later on you may decide you don’t want it after all. Be sensible and give it a miss.

Scorpio (Oct. 24 – Nov. 22):

You know from long experience that when someone you hardly know arrives on your doorstep bearing gifts that there is going to be a catch. No matter how attractive what they offer may be you would be wise to turn it down flat.

Sagittarius (Nov. 23 – Dec. 21):

If you find it hard to get your brain in gear today then take the hint and take time off. Even a Sag needs some breathing space once in a while, so do something that relaxes you rather than adds to the stress that is already there.

Capricorn (Dec. 22 – Jan. 20):

Someone you get along with very well indeed appears to be having an off day and the best way to help them get over it is to stay out of their way. If they don’t want to get out and about and have fun that’s fine. There’s always tomorrow.

Aquarius (Jan. 21 – Feb. 19):

Why do you suddenly feel the need to prove yourself? Whatever the reason you need to get past it as quickly as possible. No one expects more of you than you expect of yourself. Though maybe that’s part of the problem – maybe you are expecting too much?

Pisces (Feb. 20 – Mar. 20):

If you put your trust in facts and figures today you may end up making a really poor choice. As a Water sign you know you can rely on your intuition, so listen to what your inner voice says and then act on that advice quickly.

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