A report from the Globe and Mail in Canada. "February sales for various housing types in the Vancouver area have tumbled to a 10-year low, with the market for detached houses getting hit the hardest. The price for detached properties sold in the region averaged $1,442,863 last month, down 16.9 per cent from February, 2018, the Real Estate Board of Greater Vancouver said. Total residential sales last month declined to 1,484 transactions, down 32.8 per cent when compared with a year earlier."

"In Vancouver’s sliding housing market, some industry observers add a quirky factor, arguing that the once-vaunted power of the number eight has lost its lustre. Eight is deemed lucky in Chinese culture, notably for recent arrivals from China, and the number has been a frequent sight in Vancouver real estate for list prices. But Chinese buyers are backing away, and the number eight is becoming less common."

"At 4555 Magnolia St., on the city’s pricey west side, a couple listed their home for $3,680,000 in November and sold for $3,050,000 in February. Over the past year, the benchmark price for detached houses has dropped 9.7 per cent regionally to $1,443,100, and fallen 13.5 per cent on Vancouver’s west side to $3,029,200."

From the Irish Independent. "'The growth we experienced over the past three years was simply not sustainable,' says Richard Cleary of Property Partners Cleary. 'We have noticed a considerable slowdown in Tullamore house price growth, but more notable is a surge in price-readjusting on properties currently for sale. We feel that in the past three to six months there has been a lot of price readjusting with an average of 5pc to 7.5pc downwards. Prices were simply too high and agents need to take responsibility for this '"

From GDN Online on Oman. "Muscat property rental prices may further be affected due to the falling number of expatriates in the Sultanate of Oman, according to Oman Observer. 'There has already been a glut in the market with construction of a large number of apartment blocks and villas in various parts of the city. The supply has surpassed the demand,' said Nasser Al Wahaibi, managing director of a contracting company."

From the Asia Times on China. "The top two real estate giants in China saw sharp declines in home sales over the first two months of 2019, as the housing market offers no signs of recovery, The Paper reported. Evergrande Group’s home sales reached 64.7 billion yuan in January and February, a year-on-year decline of 42.5%. The total area sold was 5.901 million square meters, a decrease of 46.8%."

"Though housing policies in about 20 cities have been relaxed, the market has not shown any recovering signs. It is hoped that the government will carry out policies that are relatively favourable to the real estate sector this year, as the economy has not bottomed out yet, the report said."

From The Korea Herald. "So far this year, the nation’s property market has remained in the doldrums, especially for apartments in Seoul. Market conditions now stand in sharp contrast to those a year ago, when apartment prices in the city were skyrocketing."

"One apartment complex in Yangcheon saw its unit prices plunge by an average of 50 million won ($44,000) in a week. A researcher at KB Kookmin Bank focused on the recent price drop in the Gangnam, Seocho and Songpa wards. He said the number of apartments advertised 'for urgent sale' in the three districts had grown at an unprecedented pace between the first quarter of 2016 and the third quarter of 2018."

"Meanwhile, data from overseas showed that major cities such as Sydney, Hong Kong, Beijing, New York and London also saw housing prices decline after having posted rapid increases for about five years beginning in 2013."

From Newshub on New Zealand. "Barfoot & Thompson announced its February sale numbers were the lowest for a month since December 2008 at the high point of the global financial crisis. There were 474 sales for the company in February, which Barfoot & Thompson manager director Peter Thompson said showed the market was failing to gain momentum."

"The change in median price to $801,000, being down $26,500 or 3.2 percent from January. The median is also down $19,000 or 2.3 percent from February last year. 'The market is progressively hardening into a buyers' market with a number of vendors preferring to take their property off the market when they cannot achieve their asking price,' he said."

"But former ANZ chief economist Cameron Bagrie told The AM Show that it isn't time to call it a buyers' market just yet. 'Buyers' market I think is a little bit of a stretch. If you are a buyer out there and you are still trying to buy your first home, and the first home is trading about nine times income, it is kinda hard to characterise it as a buyers' market,' he said."

From News.com.au on Australia. " An Australian CEO has warned we could soon find ourselves in 'a world of hurt' as the troubles plaguing the global economy worsen, according to tech entrepreneur Matt Barrie. 'The global economy is troubled. It’s low growth everywhere. It’s questionable if we ever exited the GFC,' Mr Barrie told the Australian Financial Review."

"'In Australia every indicator is blinking red. It’s a house of cards. We’re highly dependent on China (we’re on par with the Congo for how reliant we are) and they are in a trade war. We have the housing market falling off a cliff, and this is happening from Vancouver to Auckland too,' he said."

"'The royal commission will be a catalyst for the collapse of the Australian housing market, with the other catalyst being China coming off the boil and regulations to stop the flow of capital out of China. We should never have let the property bubble get this big. People can’t afford the homes and wages haven’t kept up,' Barrie added."

"Unfortunately, Mr Barrie’s grim view is not an isolated one. Former Coalition adviser John Adams told news.com.au we were starting to see more signs that Australia was heading towards an “economic Armageddon” — a scenario Mr Adams has warned about since 2016."

"'Across the world, evidence is mounting that the world is drenched in debt and that more and more people, companies and governments are struggling to service these debts given slowing economic growth,' he said. 'The economy will no doubt continue to worsen in 2019 and 2020. Many Australians will see their so-called wealth evaporate and many will suffer significant financial losses. The day of reckoning resulting from the biggest debt bubble in Australian history is fast approaching.'"