[Canadian]

Hi,

I want to buy a detached house in Toronto, but I'm priced out of the market right now. When I say priced out, I'm talking about getting a conventional mortgage with 20% down and 25-year amortization and not using some type of "creative" financing like 0% down and/or 40-year amortization.

I'm hoping that there will be a significant correction in Toronto's real estate market in the next 1-2 years, and I'll be able to afford the house I want.

I'll be interested to hear your opinions on the topic. Do you expect correction, crash, flat market, or even rising housing prices in Toronto?