Ad hominem attacks don't make you right, just smug.  If your argument is that we are in a housing bubble and Toronto condos are going to fall dramatically in price - then you have a point.  But if they keep going up (even at half the current rate), you are better off buying.  My $5k down payment has gotten me over $200k in tax-free(!!!) earnings over 7 years.  Even if I put down $25k, I'd still be FAR better than any index fund.  You simply can't argue with that - so attack me personally instead.