Thank you SD R and weberlin!
I think I’ll wait another 6-12 months. No, I don’t think the prices are going to go up significantly either. I’ll keep my eyes open though and if by accident I see a house I really really like and seem like a good deal, I’ll (try to) buy it. No, I don’t have that large cash reserves, I’ll probably go less than 20% down if I can.
Regarding the comparison of PQ to CV and 4S – the stuff in PQ IS generally older – that is the drawback. Initially I didn’t want to consider houses that were built in late 70s, early 80s. But some of the houses in PQ of that age can be pretty nice if the owner has kept it up with replacements and repairs.