Kenny
Active Member
My friend, you could have stopped there. As you say -- back to bubble talk!
So let me throw this out there to the crowd -- we're (most probably) back in Toronto come July/August. Buy? Rent short term or long term? What does the UT hivemind think? Right now, I'm in the 'we've got a top put in, but no bottom yet' crowd, so I'm thinking rent.
Rent for at least a year if you can. Worst case scenario: prices go up slightly (2.5%).
'course, it also depends on your individual situation. If you want to buy in a potentially hot neighbourhood, the prices there might go up even during a strong downturn in the overall market.