I know nothing about real estate, is now really a good time to buy? I've been thinking about purchasing the condo I'm living in.
Without knowing where you live or the house prices/interest rates in your area, I'd say "yes," particularly if you're buying a condo. But I'd say that with a bit of a disclaimer - do your research. Find out what the condo prices are, check around to see which banks offer the best interest rates, get yourself a realtor - a buyer's realtor will always look out for their client, and keep in mind that condos come with various fees and might become a bit of an albatross if and when you decide to sell. So, while you may want to buy your condo, you may also want to look into actual houses (which are generally easier to sell).