I think the Canadian Market is going to continue to slow until the U.S starts to rebound, however, if you are looking to invest I would start my search out East.

On the thought of appreciation, you should be looking to hold longer than 2 years, with transfer taxes/commissions/etc you won't be sitting pretty unless the market tanks tomorrow and rebounds that quick.  

I'll even claim to have a basic understanding of the reasons behind it (increased interest from investors like ourselves, individuals with negative equity waiting for the market to rebound before selling, the supposed "shadow inventory" that has STILL not been released on the market).

We fell out of contract on a 16-unit last month but rebounded quickly and have a week left on our DD for a 20-unit deal. 

Buy at an extreme discount off the true dollar in a market proven to be able to rebound/appreciate rapidly.

I also hope covid-19 rebound will be as quick as the drop (there is less anxiety about it, more and more folks are shifting to Sweden approach).

Anticipation is high for a rebound in 2024, but according to many economists (including those above) it may be another 6+ months before we even begin to see lower interest rates and yet another 6-12 months until relative affordability resumes.

I'm looking forward to 2018 having fewer new units coming online so the market can begin to rebound.

We kept them through the downturn even managed a couple ourselves remotely and waited for them to rebound... one we made $70k additional on this year and it's waiting for a 1031 exchange now.

That still wouldn't stop me from keeping a close eye on certain areas that are being gentrification and rebounding faster than others.