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In Canada, Young's recording of "Love Is in the Air" performed significantly more poorly on the charts than in most other countries, due to the existence of a contemporaneous version of the song by Canadian singer Martin Stevens. Stevens had received Young's demo recording, and recorded a version of the song for his 1978 album, before Young's song was released.

Stevens' version debuted on the Canadian charts in July 1978, and had already reached #21 by September 9, the week Young's version debuted. The two versions appear to have cut into each other's chart momentum thereafter, with Stevens' version peaking at #19 a few weeks later before declining on the charts, while Young's peaked at #26 two weeks later. In the year-end RPM charts for 1978, Stevens' version ranked #137 and Young's ranked #195. Stevens' version of the song was a Juno Award nominee for Best Selling Single at the Juno Awards of 1979.