Later, as Asia's troubles threw this Pacific-coast province into recession, the government launched grand schemes to create forestry jobs, save lumber-mill towns, attract new aluminium smelters, build infrastructure and create a new high-speed ferry industry.

ECONOMIST: Canada

Though areas with negative median prices are heavily concentrated in the central states where local economies have been struggling for years and may not have ever emerged from the recession a number are also in the northeast and along the Atlantic coast.

FORBES: Is There a National Real Estate Recovery?