A report from Global News in Canada. "'Starting really around March 11, the second week of March, pretty much everything on the calendar through spring and the summertime, June 15th really, evaporated overnight,' said AirDNA CEO Scott Shatford, adding that Nova Scotia’s trends are consistent with the rest of Canada."

"According to Airbnb, however, which reached out to Global News after the publication of this story, the platform has 'not seen a material drop in active listings' across Canada. According to AirDNA, a short-term rental market data analytics company, available Airbnb listings in Nova Scotia dropped roughly 17.4 per cent from January to April. In April, as many as 38,490 listed properties in the province did not receive a single booking."

From City Metric on Canada. "Annie Brissette has had one hell of a time finding a new apartment in Montreal. Time and time again, she saw apartments that were advertised as fully furnished – an anomaly in Montreal, where apartments often don't even come with their own appliances. 'I think there’s a huge proliferation of Airbnb apartments on the market, because it’s unbelievable the number of fully furnished apartments that aren’t available empty,' Brissette says."

"'We are seeing a lot of inventory,' says John Pasalis, a Toronto housing market analys. '[Since the start of the pandemic] a lot of sellers didn’t put their units on the market, but a lot of renters did. We saw strong listing growth, particularly in the downtown core.' The oversupply there, he continues, has led to a 5% price drop on downtown rentals."

From Peace FM on Ghana. "The real estate business is at a standstill now with sales of properties at a record low, servicing of mortgages deteriorating and most developers rolling back their sleeves and packing out of sites. The situation has led to a spike in the housing glut. At the receiving end is the real estate developing companies, the mortgage lenders and their individual and institutional clients, who are either struggling to service their mortgages or get market for existing properties."

"'It is obvious that some of the companies will go down. Some of our members have already given up and when they go down, they will go down with substantial bank loans and investments,' said President of GREDA, Mr Patrick Ebo Bonful."

The National on Dubai. "'Downtown Dubai is another area flooded with stock, especially with the release of four Address properties by Emaar, among several other high-profile properties,' LuxuryProperty.com says. 'A three-bedroom apartment at the recently completed The Address Sky Views went for Dh350,000 late last year. At present, the price is roughly Dh200,000. There are similar cases across all prime properties in the area, with discounts averaging 15 to 20 per cent.'"

The Times of India. "Homes in the city are having a tough time finding takers, according to property brokers. 'Our business is down to just 10% of what we otherwise register during this time, said Rizwan Khan a Begumpet-based broker."

From CTN News on Thailand. "Developers in Northern Thailand a bracing for a huge slump in the residential property market as home buyers become fewer and fewer. Furthermore banks are imposing stricter rules on home buyers and denying mortgages. Prat Wongwan, president of the Chiang Mai Real Estate Association, said the economic slowdown and lower confidence among home buyers will lead to a continued drop in the property market."

"'More than half of Chiang Mai’s GDP is from the tourism industry, which is stumbling,' Mr Prat said. 'Many job seekers today are those who used to work in the hotel business.'"

From Mansion Global. "Owners of luxury rental villas in Bali are offering discounts of up to 85% as the industry struggles amid a mass exodus of the country’s expat population that was brought about by the coronavirus pandemic. The island’s approximately 4,000 luxury villas asked an average of $220 per night before the pandemic."

From Domain News in Australia. "Almost a third of rental properties in Sydney have been discounted since the COVID-19 pandemic hit Australian shores, new figures show, as landlords battle it out to secure tenants. MGM Martin leasing manager Brey Pamalias said while they had encouraged landlords to reduce their asking rents in order to secure tenants, applicants were making even lower offers."

"'Mind you when they apply, they still apply on a lower offer … the applicant will only put in a lower offer because they’ve seen the lower price [elsewhere],' Ms Pamalias said."

"She said her market, which focuses in the Green Square, Mascot, Alexandria and Zetland area, was saturated with rentals, making it very competitive. 'Say we’ve leased out 10 properties in one week, there will be 10 more the next week,' Ms Pamalias said. 'It’s going around in circles. It’s constant. We’re not getting rid of them fast enough.'"

"She also said many tenants were moving because they were shopping around for cheaper rent, rather than financial hardship. I meet prospective tenants everyday and one of my main questions is, ‘Why are you moving?’ The majority are saying, ‘We don’t really need to move, we just want to move somewhere cheaper’. There is so much competition everywhere that I don’t think it’s going to be picking up anytime soon.'"

From Mirage News in Australia. "Vacancies in Sydney increased for the third consecutive month and now sit at 4.1%, up 0.3% from April and 1.1% from March. 'Sydney’s Inner Ring experienced the most significant change, rising 0.7% to 5.0%,' REINSW CEO Tim McKibbin said. 'This is a historic high. The last time vacancies in the Inner Ring broke through the 5% barrier was in June 2002, almost 18 years ago, when vacancies hit 5.1%.'"

"'We’re also seeing a continuation of the trend for short-term accommodation properties being listed for long-term rentals,' he said. 'With tourism plummeting, short-term rental cancellations have sky-rocketed, meaning landlords have had to rethink their investment strategy and list their holiday rental properties on the long-term market.'"