Those who played the waiting game last fall, here in metro Vancouver after the 15% foreign buyers tax was implemented, found there was much less competition for that sf detached house.  But six months later, price held and there were no bargains for what remains Canada's most expensive housing market.

Those who held off buying condos and townhouses were the biggest losers.  Price has skyrocketed in the double digits from last fall, and in some areas has gone up by 30%. Bidding wars are the norm for what little stock is left after overseas presales. This has priced most first time home buyers looking at the only thing they could afford - condos - right out of the market.

Who knows what will happen in the GTA.  But here on the west coast, waiting did not pay off.