FINE
FORSTRONG GLOBAL EX-NORTH AMER EQUITY ETF
stock TSE

To build on the above: you are in a great position. You are not throwing away money into rent, in time you will do more than fine on your condo when you sell. Breaking even would be a win compared to X money into rent that would ALSO not have been making money on the market.
Pick something stable that yields dividends (maybe an ETF of Canadian banks with a few utilities as bonus), have the dividends reinvested, and just IGNORE the stock market for a few years.
Buy little by little - no one knows when the bottom will be - but Canadian banks in particular will always recover. At least you will see some growth via dividends while you wait for it to be a safer time to make some calculated risks. Or if you are feeling a little brave, maybe keep half of any dividends as cash to jump on any opportunities you feel confident on - in a sector you really know. (A lot of wealthy people have been hoarding cash since he was elected knowing Trump was going to cause absolute havoc and instability and cause major drops, so big buying opportunities to come.)
At the end of the day, you are setting yourself up to be FINE the next one or two times this happens in your lifetime.
The people who unfortunately need to worry are those who did not start young, and are needing to use their savings / cash out NOW for retirement or similar.
You just need to keep doing what you are doing.

To build on the above: you are in a great position. You are not throwing away money into rent, in time you will do more than fine on your condo when you sell. Breaking even would be a win compared to X money into rent that would ALSO not have been making money on the market.
Pick something stable that yields dividends (maybe an ETF of Canadian banks with a few utilities as bonus), have the dividends reinvested, and just IGNORE the stock market for a few years.
Buy little by little - no one knows when the bottom will be - but Canadian banks in particular will always recover. At least you will see some growth via dividends while you wait for it to be a safer time to make some calculated risks. Or if you are feeling a little brave, maybe keep half of any dividends as cash to jump on any opportunities you feel confident on - in a sector you really know. (A lot of wealthy people have been hoarding cash since he was elected knowing Trump was going to cause absolute havoc and instability and cause major drops, so big buying opportunities to come.)
At the end of the day, you are setting yourself up to be FINE the next one or two times this happens in your lifetime.
The people who unfortunately need to worry are those who did not start young, and are needing to use their savings / cash out NOW for retirement or similar.
You just need to keep doing what you are doing.