Purchasing a rental in an inflated market

[Taylor Gaylard]

Hey everyone! I am looking for some advice on when buying a rental is a good idea.

I currently live in Alberta, Canada and have the opportunity to get my first rental property that already has tenants.

My worry is that our market right now is very inflated and I've been following a few people that are suggesting there will be a big correction coming within the next couple years. Is it better to hold off and wait until the correction comes or invest and ride it out?