The economic downturn has meant that many of us have had to make spending adjustments, but if you're fortunate enough to be able to afford a new home, this could be the right time to buy.

Shane Homes, builders of the Rainbow Falls development in Chestemere are slashing prices by as much as $50,000 to attract buyers. They're also throwing in upgrades such as stainless steel appliances and hardwood floors, according to area manager Cindy Klassen.