Minimal to zero positive cash flow on your investment property. That is the most predominant market in Toronto today. If you’re paying more then 16x Gross annual rent on your investment, then you’re banking on the appreciation market. In other words you're hoping that your property will increase in value over time and you will make your profit at the time of sale.
If the prices of your investment is 1-8 x gross annual rent then you’re in a cash flow dominant market.
If the price of your investment is between 8-16 x gross annual rent, you are in a mixed market, not really cash flow and not up that much for appreciation.