Looking to buy my first investment/home?

Hello,

I am looking to buy my first property. I need a place to live but also want an investment. So I am looking for a single family home w/ basement suite(live in the suite, rent the main part of the house).

Right now in BC the housing market is at an all time high and many people are saying it is not the time to buy. Will this strategy work at this time? Is the market only going to climb and should I get in now? I am sure everyone would love the answer to those questions, but I am going to ask it anyways. 

Thanks.