I am also from Ontario and can give you a local perpective. A 3 year old high end quality hunting compound can be purchased used for around $400.00 CDN funds. Lots around sitting in bowshops. There are many website where you can get great deals for used bows. Not sure how much that old Hoyt is going for but I probably wouldn't pay much more than $125.00 for it and thgen maybe not even that much. My buddy bought a used Bowtech Patriot last week on ebay complete with quiver, stabilizer and rest and paid $330.00 USD. That package would have retailed for over $1200.00 CDN when purchased new. If you live near Toronto then check out the Wolfs Den and if near Waterloo the Bow Shop in St Jacobs is an excellent shop.