Hi Akay,
I would suggest there are great opportunities to invest in upcoming neighbourhood. Yes, Downtown Toronto is always great, but there has been huge investment in Downtown Vaughan recently and the VMC area is one that we would highly recommend looking at.
I would also suggest looking at multi-phase re-development projects like they are doing at M City Condos in Mississauga. The first tower (or 10 to 12) is launching this spring and being first in something like this has huge upside.
If you feel squeezed out of the pricing in Toronto, there are great options out there if you're smart about picking them. The caveat on these is that you have to act fast - they sell very quickly.