If you have money, time and are a bit of a gambler, … now might be a very good time to buy.
Distressed home prices in place like Phoenix and Las Vegas are around half of 2006 levels.
In addition, the Canadian dollar has risen to about par with the American. It was 76.98 cents on March 9, 2009.

If you are holding Loonies, consider shopping in the U.S.A.
… Or Bangladesh. There are good deals in both those nations right now.