Toronto: To Hold or to Sell question for a Vaughan house

[Lalit R.]

I rented out my previous home in Woodbridge, Ontario (GTA-Toronto) but due to recent price corrections and inventory glut in last 2 years,  I have negative cash flow. I am trying to decide if I should continue to Hold or rather Sell and re-invest when the time is right. Holding the property is tricky since home ownership is 90% + and there is downward pressure on rents.  On the other hand, its still a growing market and not too far from the Vaughan downtown redevelopment on hwy 7 which includes a new subway terminal, multiple high rise projects. Prices went down by about 18% in 2017 but have levelled off. 

All views and pointers from local experts welcome. Please provide your reasoning as well.