[skiiipi]

So I have a question about Toronto real estate.

I will be moving to Toronto for a new job in July and I'm debating on renting vs. Buying.

I want to be within walking distance to work so it would be the heart of downtown around Toronto Eaton center.
My requirement is min. 1 bed/bath , secure parking and in suite laundry
Rent would likely be 1800 to 2000 a month.

Similar condos in the area from what I see is around 500 to 550k for 600 to 700 sqft
With a $500 to 700/month strata fee.

I can put between 100 to 150k down for down payment. ...other wise the 150k is currently getting me about 4% ROI

What would u guys do in my situation.

I know likely owning will result in mortgage + strata + property tax to be close to $2500 to $3000
Which is more than the rent, but with potential of housing appreciation.
But I'm also worried about a price correction in Toronto (not familiar with that market at all) which would make it a bad investment decision.