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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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Aid Ship Departs Cyprus for Gaza Amid Famine Crisis

 


In a critical effort to address the dire humanitarian situation in Gaza, a ship carrying almost 200 tonnes of food has set sail from Cyprus. This pilot project aims to establish a new sea route for delivering aid to Palestinians who are on the brink of famine. The charity ship Open Arms departed from the port of Larnaca, towing a barge loaded with essential supplies including flour, rice, and protein.

The journey to Gaza typically takes around 15 hours, but the heavy tow barge may extend the trip to possibly up to 2 days. Cyprus, located just over 200 miles (320 km) northwest of Gaza, serves as a crucial departure point for this vital mission.

The situation in Gaza remains dire, with an estimated quarter of the population at risk of starvation. Despite ongoing efforts, aid agencies struggle to meet the daily needs of the people. The United Nations has previously accused Israel of obstructing aid to Gaza, exacerbating the crisis.

In addition to the aid ship from Cyprus, the U.S. military has also stepped in to provide humanitarian relief. Their vessel, the General Frank S. Besson, is en route to Gaza by sea. Furthermore, the U.S. military conducted airdrops, delivering over 27,600 meals and 25,900 bottles of water to northern Gaza.

However, the challenges persist. Crowds awaiting aid trucks at Kuwait Square in Gaza City faced Israeli gunfire, resulting in the loss of lives and injuries. United Nations Secretary-General António Guterres urgently appeals for a truce, the release of hostages, and the removal of obstacles hindering life-saving aid. The threat of an Israeli assault on Rafah looms, potentially plunging the people of Gaza into an even deeper crisis.

As the conflict continues, the toll on Gaza’s population remains devastating. Displacement, inadequate shelter, and scarcity of food and medical supplies persist. Amidst this turmoil, the aid ship’s departure from Cyprus represents a beacon of hope, striving to alleviate suffering and provide essential sustenance to those in need.


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