Greater Toronto Area Housing Market

[Kalem Wood]

Hey everyone,

I'm just looking into the field of real estate investing, and live in the Greater Toronto Area in Canada.  I'm personally looking to start out doing flips and eventually would like to move into a buy-and-hold strategy. 

My concern/question is that my initial (inexperienced) market research has led me to believe the housing market in this particular area is quite overvalued and some economists have even stated it is looking very bubbly. Is this a good time to look into real estate given this information or not?

Kalem