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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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Cebu Quake Tragedy: Death Toll Climbs to 69 as Rescuers Race Against Time

 

Rescuers search for three people who were reported missing under the rubble of a collapsed building in Bogo City, the Philippines.

A powerful 6.9-magnitude earthquake struck the central Philippines late Tuesday, leaving at least 69 people dead and more than 150 injured as rescuers continue to search for survivors in collapsed buildings and landslide-hit villages.

The quake’s epicenter was located off the coast of Cebu province, where entire communities were cut off by damaged roads, floods, and power outages. In Bogo City, hospitals were overwhelmed, forcing medical staff to treat patients outdoors under makeshift tents. Local officials reported that some victims were killed when a sports complex collapsed during a basketball game.

President Ferdinand Marcos Jr. pledged swift government aid, deploying cabinet members to oversee relief operations. Several towns, including San Remigio and Medellin, have been placed under a state of calamity to speed up emergency response.

The Philippine Institute of Volcanology and Seismology has recorded hundreds of aftershocks, including one as strong as magnitude 6, though no tsunami threat was issued.

The Philippines, located on the Pacific “Ring of Fire”, is highly prone to earthquakes. This disaster is the deadliest in the region since the 2013 Bohol quake, which killed more than 200 people.

Authorities warn the death toll could rise further as rescuers reach remote areas still cut off by landslides and heavy rains.


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