You have timed your buying of your condo perfectly. Would you want to consider selling your condo now since the market has peaked (oversupply coming because of overbuilding and too much GLS)? You can then rent a one bedroom condo in the West (very cheap) for about $3.5k a month. If you rent for 3 years, you will spend $126k. If the market falls by 30%, your current condo which is now worth $1.6m will only be $1.12m in 3 years time. So you would benefit by $354k (1.6 - 0.126 - 1.12) if you sell now and rent, then after 3 years can buy back a similar condo at $1.12m. I have sold my property now and renting. What do you think?