Invest in a HOT Market (Toronto, Ontario) or Look Elsewhere?

[Kristoffer Heilimo]

I am a recent Engineering Graduate (2016) and currently working a full time job for the City of Toronto. I am really interested in investing in real estate, but here in Ontario, Canada the market is extremely HOT and I am not sure if this is the ideal place to invest, or should I be looking elsewhere? I have been busy paying off my student loan (hopefully by the end of this year it will be paid off) and saving for my first purchase. The way the house prices here have skyrocketed make it seem like this is not a great place to invest, especially starting out. Where does one start?   

[Matt Geerts]

"Ontario" is not a market. There are a thousand towns in this province.

One could start in Southwestern Ontario, or look north of you towards the path of progress. There may still be shabby cottages in Waubaushene or Parry Sound that are off the radar and just waiting for you to send the owners a letter asking to buy it.