A report from Global News on Canada. "An over-abundance of houses for sale in the Edmonton area could mean slower sales and lower prices until well into next year, an economist tells Global News. Prices have dropped, too, with single-family homes selling for an average of $421,715 in November,  according to the association — 4.55 per cent lower than a year before."

"Raemonde Bezenar has had her St. Albert condominium on the market for nine months. Despite lowering her price twice, the top-floor corner suite remains empty. 'I want to find the right owners, the right family — or single family — to be able to come here and literally enjoy this place as much as I do,' Bezenar said. 'I love this place.'"

From CTV News. "After prices and sales climbed across the Lower Mainland in 2015 and 2016, the B.C. and federal governments stepped in to attempt to cool the market. In the past nine months, sales have slowed and prices have curbed their meteoric rise."

"Things began to cool in the spring of this year, said Fraser Valley Real Estate Board president John Barbisan. 'It was like a tap turned off,' he said. 'It's as if all the buyers got together in a hall one night and decided nobody's going to make an offer anymore.'"

"Government policies have helped move the pendulum, but it was more or less inevitable, and global housing markets are also slowing down, said Steve Saretsky, a Vancouver real estate agent. People are quick to criticize the stress test and new provincial taxes while forgetting how easy regulators have gone on the housing market for years, he added."

"'Everyone in the world talks about how indebted Canadian households are. There's no question that it's definitely been a pretty lenient borrowing spree over the last 15, 20 years,' he said. 'Now, all of a sudden everybody's upset because the punch bowl's been taken away. But parties don't go on forever.'"

From CBC News. "Housing sales in Hamilton and Burlington dropped 17 per cent compared to the same month last year, according to the Realtor's Association of Hamilton-Burlington. Some parts of West Hamilton, said CMHC Senior Market Analyst Anthony Passarelli, saw some areas outperforming on sales, but underperforming on prices. 'It's because there's so much inventory in that area relative to the number of sales,' he said."

From Troy Media. "A report released on Wednesday by ATB Financial’s Economics & Research Team says Alberta’s major cities are awash in new houses with few people eager to call them home. The last time there was this much oversupply was during the financial crisis of 2008."

"'According to Statistics Canada, the number of completed but unabsorbed homes in Calgary reached 889 in October. This figure represents the number of new homes sitting vacant with no binding agreement made to buy or sell during the course of the month. Vacant housing in Calgary was 53 per cent higher in October than the same month last year. This is the highest that vacancy levels have been for more than 13 years,' said ATB."

"'The level of new housing inventory reached a new high in Alberta’s capital. In October, the number of unabsorbed homes reached 1,251 in Edmonton. This number was 55 per cent higher than October of 2017 and 10 per cent higher than Edmonton’s previous high reached in August of this year.'"

The Estevan Mercury. "There were years in which there weren’t any vacancies in the Estevan market, at least not among the registered units. Bachelor suites in which you’re sharing a bathroom with four other people? There were none. One and two-bedroom apartments? Forget about it. Houses for rent? Nope."

"And the rental rates were insane. There was a time in which Estevan was home to the highest rent in the country. Higher than Vancouver or Toronto. Higher than other oil boom markets like Calgary, Edmonton and Fort McMurray."

"But the days of Estevan having the lowest rental vacancy rate and the highest average rent are long gone. And while the housing supply never caught up with the demand during the boom, there were a lot of new rental units that were constructed in the first half of this decade."

"At times it felt like the boom would never end, even though we knew it would."