I guess I fit into the "SINK" model.
It would take so much for a condo crash to happen. All the jobs would have to move to the 'burbs for that to happen. It will flatten out and slow down of course. I do know one thing though... there are a ton of investors who are driving up the prices + increasing the supply of the rental market, but such is the game I guess?
I'm of the camp that while some of the condos are pretty expensive and insane, it levels out when you take other costs into account. Auto insurance + GO train costs + quality of life are all nuts for people who live in the suburbs. Nevermind the lack of a decent night life.
My car insurance went from $1100 --> $1400 --> $1700 --> $2700 all without a change in driving record, and add GO Transit at $230 / month and you have yourself your maintenance fee + some other bills covered for a modest sized condo dwelling. Now for me it's a 20 minute walk to work, improved health benefits from all the walking + rock climbing gym (nevermind the sprained ankle part

), more access to night life, less dependency on a car, and a happier life in general.
Now how do I break into the detached home market in Toronto? At this point it's simply not in my reach.