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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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Alberta Teachers and Province Return to Bargaining Table as Strike Disrupts Second Week

Talks have resumed between the Alberta Teachers’ Association (ATA) and the provincial government as a provincewide teachers’ strike enters its second week. The job action, which began on October 6, has left roughly 740,000 students out of classrooms across 2,500 schools, while more than 51,000 teachers, principals, and administrators remain off the job.

At the heart of the dispute are wages, classroom sizes, and growing concerns over the complexity of student needs. Teachers overwhelmingly rejected a tentative agreement last month, citing insufficient commitments on hiring and funding. The government has maintained that its $2.6 billion, four-year funding envelope is firm, while the union argues that more resources are needed to address overcrowding and ensure quality education.

Negotiations resumed Tuesday in Edmonton, with both sides signaling a willingness to continue talks. However, no immediate resolution is in sight. Families across the province are grappling with extended childcare needs, while students face uncertainty over when they will return to class.


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