The perception was the market was far wider and deeper than it actually is, we're coming out of what was a seemingly endless supply of capital for new development and a belief there was an endless supply of billionaires to buy those properties. That hasn't played out. This is the correction.

Shaun Osher

Categorized in : Top News

This is the worst real estate market we've seen since 2008, the worst for sellers. We are fully in a buyer's market. Now is one of the most opportune times to buy that I've seen in 30 years in real estate.

In 2008, it was indisputable that the global financial crisis affected real estate values, prices dropped quickly. But for sellers today there is no fundamental factor that points to a weakened market. Understandably, they are reluctant.