Everyone knows that the real estate market in Canada is down at the moment, ending its 6 years upward journey. The resale prices have cooled due to more sellers available and the buyers being a little skeptical as to when is the right time to jump in. Investors are waiting on the sidelines to enter aggressively at the first signs on stability. Under these circumstances, it becomes more difficult for a common man (particularly the new immigrants) to decide whether they should buy a home now or wait. Buying a home depends upon the particular needs of a buyer that are unique to him/her. Hence, it cannot be generalized that when prices are down, no one should buy a home. Since times immemorial Real estate has always been a good investment. The timing matters only for the investors and that too cannot be predicted precisely by anyone. Though there are many market commentators, so called analysts and statistics that can help, yet the year 2008 has shown us that the best of the gurus and analysts have failed in predicting the state of economy that we are in today. I shall be glad to have your opinions though I am always a phone call away to discuss further on this issue and on your specific needs.