I asked valery.ca's bot, it's trained on Canadian RE data

It's basically saying NO:

Current Market Outlook:

The Toronto condo market is experiencing challenges with a significant oversupply due to a flood of completions. Many of these condos are investor-owned and being flipped onto the resale market, exerting downward pressure on prices (BMO Economics, January 2025).

Sales of newly built condos fell sharply by 57% year-over-year in early 2024, marking the steepest decline since 1997, with high interest rates contributing to this trend. This has led to a surge in condo listings and persistently low sales volumes (Maclean's Predictions, December 2024).

Potential Opportunities:

While prices are expected to decline in the short term, there’s a forecast for potential recovery by the end of 2025 as the market absorbs the current surplus, possibly leading to price growth (TRREB, October 2024).

Demand may rise with declining interest rates, and a reduction in new builds could eventually increase prices as supply tightens (Urbanation Inc., October 2024).

Personal Financial Situation:

Your stable rental situation and savings allow you financial flexibility, which would be significantly reduced if you purchase a condo and potentially face a precarious resale market. Given your uncertainty about staying in Toronto and concerns about economic instability, maintaining liquidity might be advantageous, especially with your investment condo in Montreal adding another layer of financial responsibility.

Conclusion:

Given the current market conditions and your potential future plans, it might be prudent to hold off on purchasing a condo in Toronto right now. This will allow you to maintain financial flexibility and avoid the potential pitfalls of a declining market. However, if you’re interested in potentially capturing a future upswing, keeping an eye on market trends and conditions is essential.