{"id":36585,"date":"2025-04-15T12:03:06","date_gmt":"2025-04-15T16:03:06","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=36585"},"modified":"2025-04-22T10:08:18","modified_gmt":"2025-04-22T14:08:18","slug":"crea-march-2025","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/crea-march-2025\/","title":{"rendered":"Buyer&#8217;s Market Squeeze Hits High-Value Regions This Spring: CREA"},"content":{"rendered":"\n<p>Canada\u2019s housing market cooled in March as national home sales declined by 4.8% month-over-month, according to the Canadian Real Estate Association (CREA). The drop marks a shift from February\u2019s activity, suggesting buyers may be holding off amid ongoing uncertainty. While new listings increased by 34.2% month-over-month, it wasn\u2019t enough to boost overall market momentum. Home prices also edged lower, signaling continued softening across many regions.<\/p>\n\n\n\n<p>\u201cUp until this point, declining home sales have mostly been about tariff uncertainty. Going forward, the Canadian housing space will also have to contend with the actual economic fallout,\u201d said Shaun Cathcart, CREA\u2019s Senior Economist. \u201cIn short order we\u2019ve gone from a slam-dunk rebound year to treading water at best.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Spring 2025 Ushers in a Buyer\u2019s Market&nbsp;<\/h2>\n\n\n\n<p>With the sales-to-new listings ratio sitting at 45.9%, the market is leaning toward a buyer\u2019s market. While ratios between 40% and 60% typically indicate a balanced market, anything below 40% signals buyer-friendly conditions, where supply outpaces demand. Given that we&#8217;re just above that threshold (and at the lowest level since February 2009), buyers currently have the upper hand, particularly in regions where inventory is growing faster than sales.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Related:<\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/slowing-home-sales-canada-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong> Tracking Canada\u2019s Housing Cooldown from 2022 to 2025<\/strong>&nbsp;<\/a><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"737\" height=\"1024\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/04\/crea_march_2025-737x1024.png\" alt=\"\" class=\"wp-image-36589\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/04\/crea_march_2025-737x1024.png 737w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/04\/crea_march_2025-216x300.png 216w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/04\/crea_march_2025-768x1066.png 768w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/04\/crea_march_2025-1106x1536.png 1106w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/04\/crea_march_2025.png 600w\" sizes=\"auto, (max-width: 737px) 100vw, 737px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Average Price Inches Up, But Year-Over-Year Trend Still Down<\/h2>\n\n\n\n<p>The national average home price rose slightly to $678,331 in March 2025 but remains down 3.7% year-over-year, reflecting continued affordability concerns and weaker demand in several key markets. Inventory levels grew, with 165,800 properties listed for sale, up a whopping 18.3% from last year but still below the long-term March average of 174,000.&nbsp;<\/p>\n\n\n\n<p>Despite more listings, sales declined, pushing the national sales-to-new listings ratio down to 45.9%, the lowest level since February 2009.&nbsp; This shift signals a cooling market where buyers are cautious and sellers slowly return, waiting for more apparent signs of stability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Affordable Markets Drive Price Gains, While Expensive Ones Decline<\/h2>\n\n\n\n<p>In March 2025, smaller and more affordable markets saw the most substantial year-over-year home price increases. Saguenay CMA led the way with a +22.5% surge, bringing the average home price to $372,623. Close behind, Trois Rivi\u00e8res CMA rose +21.2% to $393,128, and Sherbrooke CMA jumped 20.9% to reach $515,714. <a href=\"https:\/\/www.zoocasa.com\/newfoundland-and-labrador-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Newfoundland &amp; Labrador<\/a> also saw significant growth, climbing 18.2% to $352,370, while Regina posted a +17.6% increase with prices hitting $365,630. These gains indicate a growing preference for more affordable markets, even as elevated supply in higher-priced regions creates opportunities for strategic buyers.<\/p>\n\n\n\n<p>Conversely, some of Canada\u2019s priciest markets experienced notable declines. Greater <a href=\"https:\/\/www.zoocasa.com\/vancouver-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Vancouver <\/a>saw the steepest drop, with prices falling 5.8% to $1,239,988. <a href=\"https:\/\/www.zoocasa.com\/niagara-falls-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Niagara Region<\/a> followed with a -4.9% decline, and <a href=\"https:\/\/www.zoocasa.com\/london-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">London and St. Thomas<\/a> dipped -4.6%. Nationally, the average home price fell -3.7% year-over-year to $678,331, reflecting a modest cooling in the overall market despite strong growth in select regions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Smaller Cities and Prairie Markets Show Sales Growth<\/h2>\n\n\n\n<p>Similar to February, more affordable markets posted notable growth. Trois Rivi\u00e8res CMA stood out with a strong +19.3% increase in sales, signaling growing buyer interest in smaller Quebec markets. <a href=\"https:\/\/www.zoocasa.com\/edmonton-ab-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Edmonton<\/a> led among major cities with a +13.6% increase, suggesting renewed confidence in Alberta&#8217;s housing sector. Montreal CMA followed closely at 11.7%. These gains highlight the shifting demand toward more affordable or stable regions where buyers may capitalize on favorable conditions.<\/p>\n\n\n\n<p>Even some of Canada\u2019s most competitive and high-demand regions are now grappling with the effects of economic uncertainty.&nbsp; In March 2025, several Canadian real estate markets experienced a significant sales decline compared to the previous year, with most of the downturn concentrated in British Columbia and Ontario.&nbsp;<\/p>\n\n\n\n<p>Niagara Region led the decline, down 42.1% year-over-year from 817 to 473 sales. London and St. Thomas followed with a 32.7% drop down to 510 sales. In B.C., Fraser Valley saw a 25.7% decrease from 1,235 to 917 sales, while <a href=\"https:\/\/www.zoocasa.com\/hamilton-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Hamilton-Burlington<\/a> fell 19.2% from 870 to 703. Even the typically active Greater Toronto Area recorded a 23.6% decline to 5,011&nbsp; sales.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Related: <\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/gta-condo-price-increase-from-2018\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>The 2018 Price Tag Test: Where It Still Buys You a Condo in the GTA<\/strong>&nbsp;<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What It Means for Buyers and Sellers<\/h2>\n\n\n\n<p>For buyers, this market slowdown could present an opportunity. If you have the time and patience, deals may be more accessible than in previous spring markets. Prices are softening in many regions, and with rising inventory, you may find yourself with more negotiating power. For sellers, however, the message is clear: strategy matters more than ever. With buyers holding back and competition increasing, expect longer timelines and the need to work closely with a knowledgeable real estate agent to price, market, and position your home effectively.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zoocasa.com\/search\" target=\"_blank\" rel=\"noreferrer noopener\">Curious to learn more<\/a>? Talk to an agent about opportunities in your desired area.&nbsp; <\/p>\n\n\n<div class=\"cta\">\n<div class=\"cta-left\">\n<div class=\"cta-title\">Looking for your dream home?<\/div>\n<div class=\"cta-body\">Contact us today to talk to a Realtor in your area<\/div>\n<\/div>\n<div class=\"cta-right\"><a href=\"https:\/\/www.zoocasa.com\/buy-with-zoocasa\"><button class=\"cta-button\">Talk To Our Experts<\/button><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s housing market cooled in March as national home sales declined by 4.8% month-over-month, according to the Canadian Real Estate Association (CREA). The drop marks a shift from February\u2019s activity, suggesting buyers may be holding off amid ongoing uncertainty. While new listings increased by 34.2% month-over-month, it wasn\u2019t enough to boost overall market momentum. Home [&hellip;]<\/p>\n","protected":false},"author":157,"featured_media":36586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard"},"jnews_primary_category":[],"footnotes":""},"categories":[1111,1160],"tags":[],"class_list":["post-36585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada","category-market-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buyers Market Squeeze Hits High-Priced Markets in March: CREA<\/title>\n<meta name=\"description\" content=\"According to CREA&#039;S March 2025 report, the national average home price rose slightly to $678,331 but remains down 3.7% year-over-year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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