A report from Star Vancouver in Canada. "After years of skyrocketing values in Vancouver, owners of homes worth millions will see the value of their properties drop by about 10 per cent this year, representing about $10 billion in total…
A report from Bloomberg on Canada. "After a three-year non-stop party, Toronto’s condo market is likely to settle down in 2019, some of the city’s biggest developers say. Shamez Virani, president at CentreCourt, added: 'There is, for the first time…
A report from the Herald Sun in Australia. "Home values have peaked and begun to fall in every Melbourne SA3 region, with the declines tipped to continue into the new year. New CoreLogic figures show the drops range from just…
Two reports from the Australian Financial Review. "Sydney-based mortgage broker Zenik Finance Solution, which made nearly $1 billion in home loans for the big four banks and Macquarie Bank, has engaged in "widespread and systemic mortgage fraud" for years while…
Two reports from ABC News in Australia. "Property prices have fallen in Australia many times before - often in response to rising interest rates.This time is different - the cash rate is at a record low but house prices are…
A report from ABC News in Australia. "The tide is turning on Australia’s $7.6-trillion property market. Home prices in more than four out of five council areas have reached their peak and are sliding towards an unknown nadir, according to…
A report from Domain News in Australia. "Sydneysiders who snapped up off-the-plan apartments at the peak of the property boom are now short-changed, with banks valuing their properties well below the agreed price." "Buyers unable to borrow the required amount…
It's Friday desk clearing time for this blogger. "New data from Realtor.com offers the clearest sign yet that home price relief might finally be on the way for prospective homebuyers on the West Coast. Median listings prices in markets across…
A report from the South China Morning Post. "Two of China’s top three leading property developers saw their November sales plunge even after cutting prices by nearly a third at some of their projects, as fears of a housing recession…
A report from the Sydney Morning Herald in Australia. "It's probably fair to say that Sydney house prices have now officially fallen over the cliff and Melbourne looks to be not too far behind. It has taken almost 18 months…