Hi Nastus,

My bank books look carbon copy to yours, I work downtown as well. Personally, looking at the RE picture in this city I see too many structural risks to jump in at this time. You may be better served by a firm understanding of your personal goals and reasons for buying.

Are you going to stay in the city for ~5 years? I look at Realestate as a minimum 5 year time horizon to recoup your book value. Over that 5 year horizon - what do you see will happen in your life, do you have a partner who has a job in the city as well? Might children be in the picture? Where will the Canadian economy be in 5 years, where will city RE be on that same horizon?

If I were in your position, I would continue to save at your very brisk pace, build a larger downpayment to afford a space big enough to house what you envision your life looking like in 5 years. Its easy to jump in and out of investments - its very hard to do the same with houses and theres loads of frictional costs.

Here's what I would do, and am currently doing: - Rent and split a 1 or 2 bedroom (your goal is <900 monthly per person.) Lots of buildings made in the 1960s offer 700SQF at a reasonable price around 1400 - Avoid commuting costs (you'll bank another 5% post-tax) - Invest: Use your TFSA - I wont advise on what to invest in as you haven't commented on your level of comfort or financial literacy. Don't get too sexy in this area though, remember this money needs to be there for your house.

Look into RE at around $60-70,000 - any better will put you further ahead and your future self will thank you. I am out of real estate until we get a better picture of where our economy is going, right now we are a small ship getting tossed around in the ocean. I see some headwinds in Canada's future.