condo prices
Here are some good points:
-the market is hot right now, and the longer you wait, the higher the price of your condo will be. The best times to buy Real Estate is in the winter, and xmas. Really, no-one wants to move or sell during that time because of the weather, and you can't really "see" the property & who wants to be moving boxes and the xmas tree?
-condos are always going to be the first hit if the market corrects. I don't the market correcting itself anytime soon. And you're putting more than 5% so you've got equity in your home, so I don't think you'll be affected much should rates change etc. It's the people who put 0% down, borrow the closing costs, and can hardly afford what they're buying, that should be worried.
- yonge and finch is a subway stop. you'll always maintain some sort of value being on the subway line (rental possibilities, and area development).
-yonge and eglinton (established area ),
yonge and sheppard (theatre, small mall, grocery store) ,
yonge and Empress (theatre, small mall, grocery store),
yonge and Finch (no theatre, no mall, grocery more than 2 blocks away).
Can you see how each stop is progressively getting more and more densly populated, and being saturated with stores, movie theatres, and bars? You can't really go too wrong.