At the moment the country is facing a recession and thus it's not a good time to buy a house or any fixed property at that matter. You should wait for the economy to stabilize as things will be a bit cheap and more affordable.
It's a good time to buy, but not to sell. Just don't get a variable rate mortgage! There is a program called the first time homebuyers program. With this you don't have to put anything down, just closing costs.