I wouldnt buy a Condo within the next 3-5 years.....market is flooded with availabilities.....and there are about 9 more going up on harbourfront within the next year.

Renting is good for now. I'm at Yonge and the Lake and we basically stole the condo. Investors are dying to lease their units with vacancies lasting about 3 months on each Tenant change which can be as often as once a year.

Because the market is cyclical, wait it out. it will keep going down over the next while and i;d save your money unitl it hits rock bottom. Same as for houses, better investment. but bad time to buy.

Rent for cheap and you can get a rockstar condo with a one year lease.

See you at the outdoor pool after the game of squash......