How to invest when the market is High!

[Andrew Hildebrand]

Hello BP Community! My name is Andrew, I'm 25, married and brand new to BP and real estate investing. My father and I are hoping to build a portfolio of buy and hold homes for rent. We live in Niagara, Ontario, Canada about 1 hour south of Toronto.

The market in our area is on record high right now, everything is in a bidding war with many homes going as high as $40K higher than asking price. Most homes we're considering are single either detached or semi and are listed between $200K-$300K

My question is, even if we can afford to buy a home is now a bad time to invest and should we be waiting this out? Or should we get in now before things get out of control?