Terrible advice!

- You buy a house at peak price, 1.250,000$, put 20% down (250,000$ cash gone in down payment instead of being in a diversified portfolio).

- Also lose 45,000$ (could have been invested in portfolio) instantly on land transfer tax.

- Then stuck with a 1,000,000$ mortgage that will really cost you 1,550,000$ once interest has been paid back to the bank!

- Add 25 years of repairs to the home and property taxes to be paid. 

It definitely matters when you buy or rent! GTA is in full bubble territory. We are rated N.1 Bubble in the World. 

https://www.ubs.com/global/en/wealth-management/chief-investment-office/features/global-real-estate-bubble-index-2017.html