If you’re in no rush to buy soon, then the obvious smart thing to do is wait. I’m glad to learn that StanPac will proceed to build the last phase of the Canopy Park townhouses (I had feared that they may halt the project), to the east of Stoney Creek. This will complete the community and bring HOA down by about $20/month.
If the next phase will see further price reduction by 15% – 20%, I may buy a unit as investment and rent it out.
