Past performance does not guarantee future results. I would be wary of getting into the real estate market in cities like Toronto and Vancouver that are going up that quickly. Eventually, something will give. When, is anyone's guess, but do you want to be holding the bag when it does?
There is a tax advantage to moving into a house and fixing it up, then selling it after at least a year, but that's a difficult lifestyle. It sounds like you have things going well anyway, and if you want more investments, why not keep adding to your taxable savings?
In terms of numbers adding up, buying a house as an investment depends heavily on the appreciation in this case, which could easily go negative in the near future. If price to rent ratios were lower and you could get cash flow, then that would help with the risk, but it doesn't look like that's the case.
Also, always remember the opportunity cost of the money sitting in the property. That could be working hard giving you interest, dividends, and appreciating in a balanced portfolio.
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