A report from CKRM in Canada. "Across Canada, the downtown in the oil and gas sector has hit many hard. The impact has certainly been felt in Saskatchewan, perhaps no more so than the city of Estevan. 'The housing prices have decreased about 20-25 percent now, as compared to 2014 before oil prices decreased, said Linda Mack, a realtor with REMAX Blue Chip Realty. 'If things continue the way they are, people have been talking, it’s going to be pretty scary.'"

The Wall Street Journal on the UK. "Years of rapid price growth made homes in the British capital some of the most expensive in the world, and lured overseas investors eager to ride a wave of rising prices. Now, with uncertainty pulsing through the economy and the withdrawal of the U.K. from the European Union slated for the spring, the market is in reverse and some agents warn it faces a bleak future."

"Prices are down 14% from their 2014 peak. There are 66,000 new units under construction in London, while just 4,200 sold in the third quarter, data firm Molior said. Many of the new projects are aimed at foreign investors. 'The obvious market for which an awful lot of that stock was built has evaporated,' said buying agent Henry Pryor. 'I think we are entering what will be the darkest hour for the housing market.'"

From AFP on Turkey. "Deep in a provincial region of northwestern Turkey, it looks like a mirage — hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle. Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors."

"'Three out of four companies seeking bankruptcy protection or bankruptcy are construction companies,' said Alper Duman, associate professor at Izmir University of Economics. 'Whether we call it a construction bubble or a housing bubble, there is a bubble in Turkey.'"

"He pointed to unsold housing stock as the main indicator of this, with data showing in that over the past 16 years 10.5 million apartments have been built but only eight million have been approved for use. 'There is a high risk this bubble will burst,' he said."

From Nine News on Australia. "First home buyers watching the decline of house prices in Australia’s biggest cities are unlikely to find bargains immediately, experts have warned. 'I think [furthers price falls] are inevitable. Common sense tells you. Remember the Perth prices have been falling now for the best part of five years, Darwin prices the same as well,' 9News Finance Editor Ross Greenwood told the TODAY show."