Always have an exit strategy from the very beginning.

I am so excited about diving into all of the resources but I wanted to ask if there was any data particularly for up north here in Canada?

What is the best strategy to use?

You can have a candid conversation with him to review your financial situation to determine Nathan Green's #2 point about getting your finances in order to be ready to purchase your next investment property regardless of your exit strategy.

Please keep in mind that unless you are a real estate professional or utilizing the short-term rental loophole strategy, you are creating passive losses that can only offset passive gains.

Then, look and see if any properties fit your strategy that you can acquire at that price point.

Maybe you’ll get lucky and they’ll outright ban STR o require you to live in the property so you can ignore this strategy.  

Also, I would not consider this strategy betting long with short term money given the refinance shortly after purchase. 

;) I would not plan on a refinance being your strategy.

It's not a terrible strategy except you tend to end up with broke, desperate tenants because those with reasonable funds would prefer cheaper rent and a returnable deposit.