A report from The Province in Canada. "Vancouver’s once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years. The Real Estate Board of Greater Vancouver says 1,103 homes were sold in Metro Vancouver last month, down 39.3 per cent from the same month a year earlier."

"Sales of detached homes fell 30.4 per cent year-over-year, while the benchmark price pulled back 9.1 per cent from January 2018 to $1,453,400. The board says home prices across all property types have fallen over the region in the past seven months, pressured by the federal government’s mortgage stress test that tightened home-buying rules last year."

"'This measure, coupled with an increase in mortgage rates, took away as much as 25 per cent of purchasing power from many homebuyers trying to enter the market,' said the board’s president, Phil Moore."

The Huffington Post. "There's no shortage of homes available for sale these days in Vancouver. The latest data from the Real Estate Board of Greater Vancouver (REBGV) shows the number of homes for sale in the region jumped by 27.7 per cent in January, compared to the same month a year earlier."

"From December to January, the number of homes for sale jumped a massive 244 per cent. While it's normal for the number of houses for sale to jump after the holidays, this is an unusually large increase. Last year, the increase was around 100 per cent."

"Taken together, this means Vancouver's housing market is now a 'buyer's market' for all housing types. Only 6.8 out of every 100 detached homes on the market sells in any given month. For townhouses, there are 11.9 sales for every 100 on the market, and there are 13.6 condo sales for every 100."

"What's more, the city is headed for a deluge of new housing units set to hit the market over the next couple years, giving buyers even more options. Some 40,000 new housing units are expected to hit the market over the next two years."

The Canadian Press. "New home sales sank to their lowest level in almost two decades in Toronto last year driven by a drop in new condominium sales, a pair of reports say. More than 25,000 new homes were sold in the Greater Toronto Area in 2018, according to the Altus Group Ltd. That's the lowest number since it started tracking sales in 2000."

"New condominium sales fell 38 per cent to 21,330, while new single-family home sales plunged 50 per cent to 3,841. The average price of new single-family homes fell 6.7 per cent to $1,143,505 in December while condo prices rose 11 per cent to $796,815."

"New condo sales slumped 31 per cent in the fourth quarter to 6,040 from a record 8,816 in the same period of 2017, according to real estate consulting firm Urbanation Inc. Resale prices increased by an average of 7.3 per cent on a per square foot basis, down from a 26.1 per cent increase in 2017, marking a move to normalization after unprecedented activity, said Urbanation president Shaun Hildebrand."

"'Overall, market fundamentals continue to support current sales levels and prices, although greater caution should be exercised with respect to investing in new units, particularly over a short-term time horizon, as current trends are pointing towards slower appreciation going forward,' he said."

The Edmonton Journal. "Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) decreased 15 per cent relative to last January, the Realtors Association of Edmonton said. Single family home sales dropped 14.34 per cent while condominiums decreased 18.56 per cent and duplex/rowhouse sales dipped 1.02 per cent."

"Single family home sales dropped 14.34 per cent while condominiums decreased 18.56 per cent and duplex/rowhouse sales dipped 1.02 per cent. The average selling price of a single family Edmonton area home was $404,275, a decrease of 6.04 per cent compared to January 2018 and a drop of 5.52 per cent compared to December."

"'The real estate market is still experiencing the consequences of high inventory and slow sales,' Realtors Association of Edmonton chairman Michael Brodrick said in a statement. 'Buyers are benefiting from more choice but may be struggling with the mortgage qualification rules, while sellers will need to continue to be patient and flexible in this market.'"

From Point 2 Homes. "The big story in the Edmonton market at the end of 2018 has to be the high number of listings on offer in the city. The number of active listings there topped 6,000 at the end of the December. This is the highest number of listings that have been available in the city in over a decade."

"As a result of slowing sales coupled with the dramatic increases in listings, the number of months of inventory in the city is also at a ten-year high. There are nearly nine months of inventory available at current sale rates, while the highest previous level in the last ten years sat at just below seven months."

From CTV News Calgary. "It’s been a slow start for the housing market in Calgary in 2019 and real estate analysts are blaming the economy for a continued decline in the statistics. The Calgary Real Estate Board released its report on the housing market in January and it found that sales are down by 16 percent from last year."

"The average price of a home in Calgary dropped to $414,800 last month, one percent lower from December and four percent lower than January 2018. The report says the most significant declines in sales occurred in the north and west districts of Calgary. The south, northwest and City Centre districts suffered the most in terms of prices."