Buying a multi family buy and hold in a hot market.

[Brett Coulter]

Hello BP,

I am new to the real estate game having never owned a property before, and want to go the buy and hold route and purchase a multi family in my area. The last few months I have been reading up on real estate( books, articles, BP) to get more educated, also banking as much money as I can for my first purchase.

I live in Canada in the Niagara Region about an hour from Toronto. As you may or may not know the price of housing is skyrocketing in Toronto, causing a huge jump in price in my area and further down to Niagara Falls.

My question is should I be waiting for the market to cool down before buying and keep saving, or should I jump into a multi family now.

Thank you so much for any insight.