Buying rental property in Toronto Ontario Canada (GTA)

[Alex Kovalenko]

Hi guys - what's your take on buying a rental property in a hot real estate market where the real estate prices shot up 35% in some areas of GTA. Seems a bit insane to pay $430k for a tiny condo or $550k for a beatup 1950s falling apart house.. that you can rent out for around $2k

What's the advice here? Go somewhere else where prices have not been as crazy? Wait? Thanks!