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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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Tragedy in the Aegean: Migrant Boat Sinks Off Turkey, 14 Dead

Health workers stand next to a body bag as members of the Coast Guard Command conduct a search and rescue operation after a migrant boat sank off the coast of Bodrum, in western Mugla province.

At least 14 people lost their lives after a rubber boat carrying migrants sank off the coast of Bodrum in Turkey’s western Mugla province early Friday morning. Authorities reported that the vessel, carrying 18 people, began taking on water shortly after departure and quickly went under.

An Afghan survivor managed to swim back to shore and alerted emergency services around 1 a.m., prompting a large-scale search and rescue operation. A second survivor was later found on Celebi Island, while coast guard teams recovered the bodies of 14 victims from the sea.

The Aegean Sea remains one of the most perilous routes for migrants attempting to reach Europe, with overcrowded and unseaworthy boats often leading to deadly accidents. Turkish authorities confirmed that rescue operations are ongoing to ensure no additional passengers remain missing.


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