31M/31F in Toronto – buy now or keep renting?

Hey everyone,

My partner and I are both 31 and live in Toronto. We’re trying to figure out whether it makes sense to buy a place or just keep renting and investing.

Combined income is around $235k and we have about $550k saved/invested. No major debt. We’ve been renting and investing pretty consistently and it’s worked out well for us so far.

Lately though, it feels like homes in the ~$800k–$1M range are becoming a bit more reasonable compared to the last couple years. We’re wondering if it makes sense to finally buy, or if we’re better off continuing to rent and let our investments compound.