What a difference a year makes. Last year’s Post City Magazines roundtable came at the height of the real estate boom, and their panelists were accordingly optimistic about the health of Toronto housing. Now, the market has plummeted, leaving sellers devastated and buyers with something they haven’t had in a long time: leverage.

Post City locked some of the top names in Toronto's real estate scene in a room and demanded to know: Is it time to sell, buy — or just cry?