Last I heard U.S. home prices on average were back down to 2003 prices. I was surprised to see on the news the other day that the average home price in Canada was $371K and in the U.S.$160K. On the Canadian West Coast home prices are more like $500K to $700k. And in Vancouver they are closer to $1 million dollars for the average shack. A well known realtor that puts on seminars for real estate investing said he flies down to Arizona with a bunch of investors and the Canadians are buying up a lot of homes.