A report from Canadian Mortgage Trends. "New data shows that home sales and prices continue to fall in Toronto and Vancouver, with the exception of Toronto condo sales, which have reached a new high. Vancouver condo prices posted their largest year-over-year decline since 2009, according to the Real Estate Board of Greater Vancouver. The benchmark condo price fell to $660,300 in February, down 4% from last year and down 5.1% over the past six months. There were 759 condo sales in the month, down 36% compared to a year ago, while detached home sales were down 32.8%."

"The fall in luxury home prices in Vancouver has been dramatic, but that city isn’t alone in experiencing this trend. The Economist magazine noted that prices of 'prime' properties in Vancouver were down 12% over the past year. But falling luxury home prices isn’t unique to the Vancouver market. The Economist recently looked at falling prices in other 'desirable cities' like Hong Kong, London, New York and Sydney."

"It described the declines as 'excess being shed' after years of price increases that resulted in 'bulged' valuations. It noted prices for prime properties in Sydney were down 16% since 2017, while prices in Hong Kong have fallen 9% since August."

The Journal Enterprise on the UK. "Sterling De Vere, a leading UK real estate agency, reported that housing prices in some key London neighborhoods, like Clapham, Balham and Putney, have collapsed by as much as 15 percent over the past year. Analysts have taken note because the region once served as the center of the country’s property boom. But now, according to recent studies, estate values in several parts of the city are dropping by the hundreds of thousands."

"For example, over the past 12 months: Wandsworth properties that once commanded £805,000 are now going for £685,000. Southwark homes that fetched £666,000 are currently running about £585,000. Islington rates have sunk to an average £684,000 from £750,000."

"The downturn is particularly lousy news for places like Wandsworth and Southwark, which, in recent years, have welcomed high-profile speculative property development projects, like the Battersea Power Station where buyers plunked down £1 million or more for smaller flats."

"Your Move contends that the real estate pricing plunge represents 'the steepest annual rate of decline in London prices since August 2009, during the last housing slump, which was itself associated with the banking credit crisis of 2008-09.' In addition to London, home costs in the southeastern and northeastern parts of the country are also on the decline."

From Edge Prop in Malaysia. "According to AuctionGuru.com.my executive director Gary Chia, the current property market slowdown in the country has been tough on property owners who purchased their properties for short-term investment. Many investors found themselves having problems servicing their monthly mortgage repayments."

"'There was an increase in number of newly completed properties and properties in established locations that went under the hammer last year. Reserve prices of these properties are now far lower than the asking prices of similar properties on the secondary market which make them a good bargain. Some properties in established or prime areas have seen prices drop by more than 30%,' says Chia."

"According to Chia, interest in auction property seems to be rising based on the number of enquiries that his company has been receiving. However, the increase in interest has not translated into sales. 'This could be because most people are still waiting for prices to decrease further in upcoming auctions as they know the reserve price of the property will decrease 10% each time the same property is put up for bids,' he explains."

The Daily Mail on Australia. "Australia's housing market contagion is spreading beyond Sydney and Melbourne with every mainland state capital city going backwards in the first quarter of 2019. Sydney's median house prices has dived by a record 16 per cent or $169,140, to $880,594, since peaking in July 2017 despite record-low interest rates."

"Prices in Australia's biggest city have slumped by 11.8 per cent during the past year, with Sydney home to seven of Australia's 10 worst performing metropolitan housing markets. Melbourne's equivalent values has plummeted by 13.8 per cent or $114,005, to $718,443, since reaching a summit in November 2017, with median house values diving by an annual pace of 12.4 per cent."

"Melbourne's inner-east has the dubious distinction of being Australia's worst performing housing market, with values plunging by 16.1 per cent during the past year. Ryde, in Sydney's north, suffered an annual downturn of 14.7 per cent, with values in Sydney's inner south-west diving by 14.1 per cent."

"Double-digit dwelling price declines were also recorded in Sydney's inner south (down 10.9 per cent), Parramatta in Sydney's west (down 11.1 per cent), Melbourne's outer east (down 11.3 per cent), Sydney's eastern suburbs (down 11.4 per cent), Sydney's south-west (down 11.6 per cent), Sydney's Sutherland Shire (down 12.4 per cent) and Melbourne's inner south (down 13.2 per cent)."