Is it a good or bad time to buy property in Toronto? How is affordability in this city nowadays?

Hi,

I am looking to buy a property in Toronto to rent out until i move there in 5 years time. What are must avoid areas and what could i expect to get for $175,000 canadian dollars. any info appreciated.

Answer:
Probably isn't the best time to buy real estate since it has had a recent run up. But as a rental, you should do fine.
If you are looking to buy read this web site first.
http://www.breakingbubble.com/index.htm.
Then decide for your self.

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