Two reports from CBC News in Canada. "'Long gone are the days of speculative selling where you could put your house on the market at a price and if somebody falls in love, they'll pay it,' said Jason Yochim, CEO of the Saskatoon Region Association of Realtors."

"Analysts say a number of people who bought homes over the last decade may now owe more money on them than sellers are willing to pay. Last year per capita, Saskatchewan led the country in mortgage defaults."

"'People are a lot less likely to give their home away for a lower price than they think it's worth,' said Josh Buchanan, a Saskatoon real estate blogger and analyst . 'They don't want to take a loss.'"

"Real estate prices continue to fall in Calgary, with single-family homes leading the plunge. 'Sales activity continues to remain weak ... and because we're faced with this persistent oversupply in our market, prices continue to trend down,' said CREB chief economist Ann-Marie Lurie."

"The declining prices can be seen as good news or bad news, depending on your perspective, said Emma May, co-founder of Calgary-based Charles Real Estate."

"'For some people who bought when prices were really high, these are very stressful times. There's days where we go out and we meet people who bought three or four years ago and who now find themselves underwater and they feel trapped. They can't sell their house and they're losing equity,' she said. 'For other people, for people who are not in the market yet, it's an opportunity.... That said, some people also then question: Where is the bottom? How low are things going to go?'"

The Epoch Times. "Vancouver’s once meteoric housing market, besieged by regulation and taxes, is getting pummelled. It’s like tweaking the old adage to 'what rises the highest, falls the hardest.' The factors that propelled it to the stratosphere have, one by one, been dismantled and perhaps a new, healthier reality will take shape."

"Luxury real estate, once propped up by Chinese and speculative money, is stagnating as its lifeblood looks for friendlier pastures. The foreign buyers tax of 20 percent—up from 15 percent when first introduced in August 2016—has almost completely shut down purchases by foreigners, says Phil Moore, president of the Real Estate Board of Greater Vancouver (REBGV)."

"The REBGV reported that February home sales were 42.5 percent below the 10-year average for that month. 'It’s maybe more noticeable now because there are higher-end houses on the market sitting there for so long now,' Moore said."

"'Anything above $2 million has started to become slow,' Moore said about Vancouver’s market where the benchmark price is $1,016,600 and out of reach of the average Canadian."

The Globe and Mail. "Canadian home prices fell in February for the fifth straight month as most major markets weakened, data showed. Except for 2009, when there was a global financial crisis, the decline was the largest for February in 19 years of index history, said Marc Pinsonneault, senior economist at National Bank of Canada."