{"id":37822,"date":"2025-06-16T06:00:00","date_gmt":"2025-06-16T10:00:00","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=37822"},"modified":"2025-06-26T10:29:50","modified_gmt":"2025-06-26T14:29:50","slug":"spring-market-price-decline-2025","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/","title":{"rendered":"Canadian Cities With the Sharpest Home Price Declines in Spring 2025"},"content":{"rendered":"\n<p>Spring is typically the busiest season for Canadian real estate, but in 2025, the market took a notable turn, one that, in hindsight, was far from surprising. As inventory levels climbed and buyers hesitated amid elevated borrowing costs and global economic uncertainty, the usual frenzy of bidding wars and rapid price gains was replaced by a more measured, buyer-friendly environment in many Canadian cities.&nbsp;<\/p>\n\n\n\n<p>According to data released in May 2025 by the Canadian Real Estate Association (CREA), Zoocasa found that several of Canada\u2019s most expensive housing markets experienced price declines. <a href=\"https:\/\/www.zoocasa.com\/vancouver-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Greater Vancouver<\/a> and <a href=\"https:\/\/www.zoocasa.com\/toronto-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Greater Toronto<\/a>, two of the country\u2019s most populous regions, posted year-over-year price drops of 6.6% and 4.2%, respectively.&nbsp;<\/p>\n\n\n<div style=\"min-height:929px\" id=\"datawrapper-vis-2WQC7\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/2WQC7\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-2WQC7\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/2WQC7\/full.png\" alt=\"\" \/><\/noscript><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Buyers Pause as Vancouver\u2019s Listings Surge&nbsp;&nbsp;<\/h3>\n\n\n\n<p>The shift is being driven by a surge in new listings rather than a spike in demand. According to the Greater Vancouver Realtors, active listings in Metro Vancouver hit 17,094 in May, a 25.7% increase from the previous month and nearly 46% above the region\u2019s 10-year seasonal average. May alone saw 6,620 new properties come online, pushing inventory to its highest level in over a decade. <\/p>\n\n\n\n<p>However, <a href=\"https:\/\/www.zoocasa.com\/blog\/canadian-homeowner-survey-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">buyers are holding back<\/a>. Residential sales in May totaled just 2,228, a sharp 18.5% drop year-over-year and more than 30% below the 10-year average. Detached home sales fell 22.7%, while apartment and townhouse transactions also declined. This widening gap between supply and demand suggests a softer, more balanced market as we head into the summer.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Related: <\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/ladysmith-british-columbia-real-estate\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>5 Picture-Perfect Ladysmith, British Columbia Homes That Belong on the Big Screen <\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Local Strategy Is Key in Today\u2019s Market Conditions<\/h3>\n\n\n\n<p>Vancouver eXp real estate agent <a href=\"https:\/\/www.aaronvanpykstra.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\">Aaron Van Pykstra <\/a>offers insights from the front lines.&nbsp; \u201cIn the last 45 days, we\u2019ve seen some 6% to 8% drops, and that\u2019s again because of high inventory. If interest rates hadn\u2019t been lowered, we would\u2019ve seen even more significant price declines.\u201d<\/p>\n\n\n\n<p>While the new <a href=\"https:\/\/vancouver.ca\/doing-business\/short-term-rentals.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">short-term rental rules<\/a> introduced in 2024 aimed to preserve long-term housing, they\u2019ve also contributed to the shifting dynamics. Under these rules, platforms like Airbnb and VRBO are limited to principal residences or authorized secondary suites, which reduces the potential income for many investors.<\/p>\n\n\n\n<p>Van Pykstra also attributes part of the inventory spike to recent short-term rental restrictions. \u201cThe real concern emerged with owners of Airbnb properties,\u201d he explains. \u201cThese units once earned three to four times more than conventional rentals. But with the new regulations essentially banning them, many owners can\u2019t afford to hold on and are now selling.\u201d<\/p>\n\n\n\n<p>Apartment sales declined by 18.8% in May, dropping to 1,087 units from 1,338 in May 2024. The benchmark price for an apartment now sits at $757,300, evidence that even Vancouver\u2019s most affordable segment isn\u2019t immune to the slowdown.<\/p>\n\n\n\n<p>Despite the shake-up, Van Pykstra says most homeowners remain financially stable. \u201cWe\u2019re only seeing single-digit price drops. A five per cent decline on a $600,000 home is about $30,000. Not catastrophic. Many clients who\u2019ve held their homes for at least five years are still ahead.\u201d<\/p>\n\n\n\n<p>Meanwhile, new initiatives like the 30-year mortgage amortizations are giving first-time buyers a foothold, helping Vancouver buyers qualify by lowering monthly payments and meeting debt service ratios.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Related:<\/strong> <strong><a href=\"https:\/\/www.zoocasa.com\/blog\/small-towns-bc\/\" target=\"_blank\" rel=\"noreferrer noopener\">7 Small Towns You\u2019ll Fall in Love With if You\u2019re Moving to BC<\/a> <\/strong><\/li>\n<\/ul>\n\n\n<div style=\"min-height:728px\" id=\"datawrapper-vis-ub20m\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/ub20m\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-ub20m\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/ub20m\/full.png\" alt=\"\" \/><\/noscript><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Vancouver\u2019s Lower Mainland Prices Dropping Fastest<\/h3>\n\n\n\n<p>Even in a buyer\u2019s market, understanding the nuances of different cities, communities, and neighborhood price trends remains essential for making informed decisions.<\/p>\n\n\n\n<p>The most significant year-over-year price drops occurred within <a href=\"https:\/\/www.zoocasa.com\/metro-vancouver-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Metro Vancouver<\/a>, part of British Columbia\u2019s Lower Mainland. Burnaby East led with a sharp 7% decline, bringing its benchmark price to $1,095,100. <a href=\"https:\/\/www.zoocasa.com\/west-vancouver-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">West Vancouver<\/a>, one of the most expensive markets, saw a 6 % drop, signaling a potential cooling in the luxury segment. <a href=\"https:\/\/www.zoocasa.com\/richmond-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Richmond <\/a>followed with a 5.2% decline to $1,131,300. These declines suggest a broader softening in some of the region\u2019s most sought-after markets.&nbsp;<\/p>\n\n\n\n<p>Notably, <a href=\"https:\/\/www.zoocasa.com\/squamish-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Squamish<\/a> was the only city in the Greater Vancouver area that experienced a 2.6% year-over-year price increase.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Canada\u2019s National Market Shows Signs of Stabilization<\/h3>\n\n\n\n<p>Vancouver isn\u2019t the only city experiencing a shift. Nationally, Canada\u2019s average home price declined by 3.9%, falling from $707,380 in April 2024 to $679,866 in April 2025. This drop reflects a broader market correction as buyers grapple with interest rates and economic uncertainty.<\/p>\n\n\n\n<p>Toronto saw a 4.2% year-over-year drop, with the average home price slipping to $1,107,463 from $1,156,167. High condo inventory is also a major headline in the city. At the end of May, condos made up about 60% of all homes for sale in Toronto, with 6,855 listings out of a total of 11,705, according to the Toronto Regional Real Estate Board. In the city of Toronto specifically, detached homes sold for an average of $1,719,937, accounting for 48% of total GTA sales in May.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"500\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Zoocasa-Home-Buyers-TBay-750x500.jpg\" alt=\"\" class=\"wp-image-37825\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Zoocasa-Home-Buyers-TBay-750x500.jpg 750w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Zoocasa-Home-Buyers-TBay-300x200.jpg 300w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Zoocasa-Home-Buyers-TBay-768x512.jpg 768w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Zoocasa-Home-Buyers-TBay-1536x1024.jpg 1536w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Zoocasa-Home-Buyers-TBay-2048x1366.jpg 2048w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\">Thunder Bay\u2019s Price Drop Is Deceiving<\/h3>\n\n\n\n<p>Even smaller and more affordable markets are experiencing the impact. In Thunder Bay, the average home price lowered by 5%, dropping from $366,044 to $347,890. At first glance, this may suggest softening prices, but the whole picture is more nuanced.&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u201cPrices have certainly increased this spring, and the market has been very active. Some properties are attracting up to 9 or 10 offers,\u201d Thunder Bay eXp agent <a href=\"https:\/\/karenandkaity.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Karen Hill<\/a> explains. \u201cWe haven\u2019t had a single listing go without at least one bid by the offer deadline.\u201d&nbsp;<\/p>\n\n\n\n<p>Hill adds that CREA\u2019s data for Thunder Bay also includes surrounding areas such as Dryden, Red Lake, and Kenora, where lower-priced rural and recreational properties can lower the overall average price.<\/p>\n\n\n\n<p>Demand is strong for detached and semi-detached homes in the city of Thunder Bay, according to local eXp agent <a href=\"https:\/\/karenandkaity.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Katy Howarth<\/a>. She has noticed a trend among her younger buyers, many of whom are between the ages of 24 and 30.<\/p>\n\n\n\n<p>\u201cYoung buyers are entering the market with significant savings, typically between $100,000 and $200,000,\u201d Howarth explains. \u201cThey\u2019re looking to purchase their first homes and tend to prefer traditional houses with backyards, similar to what they grew up with. It\u2019s a major change from previous years, when large down payments like these were much less common.\u201d<\/p>\n\n\n\n<p>A $100,000 or $200,000 down payment goes further in affordable markets like Thunder Bay, where 34% of single-detached homes were sold within the $350,000\u2013$450,000 range, as reported by CREA.&nbsp;<\/p>\n\n\n\n<p>Talk to an <a href=\"https:\/\/www.zoocasa.com\/blog\/category\/buying-a-home\/\" target=\"_blank\" rel=\"noreferrer noopener\">experienced agent today<\/a> near you to learn where (and when) might be the best time to make your next investment.<\/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>Spring is typically the busiest season for Canadian real estate, but in 2025, the market took a notable turn, one that, in hindsight, was far from surprising. As inventory levels climbed and buyers hesitated amid elevated borrowing costs and global economic uncertainty, the usual frenzy of bidding wars and rapid price gains was replaced by [&hellip;]<\/p>\n","protected":false},"author":157,"featured_media":37827,"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":[1111,181,587],"tags":[],"class_list":["post-37822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada","category-toronto-real-estate","category-vancouver-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 Canadian Cities That Saw the Biggest Price Drop in Spring 2025<\/title>\n<meta name=\"description\" content=\"Vancouver, Toronto, and Thunder Bay experienced the biggest year-over-year price declines in spring, according to recent CREA data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Canadian Cities That Saw the Biggest Price Drop in Spring 2025\" \/>\n<meta property=\"og:description\" content=\"Vancouver, Toronto, and Thunder Bay experienced the biggest year-over-year price declines in spring, according to recent CREA data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoocasa Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Zoocasa\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-16T10:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-26T14:29:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Spring-2025-price-drop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Angela Serednicki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Spring-2025-price-drop.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:site\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Angela Serednicki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/\"},\"author\":{\"name\":\"Angela Serednicki\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/b162735b027c20ba6e2007c6ae373c22\"},\"headline\":\"Canadian Cities With the Sharpest Home Price Declines in Spring 2025\",\"datePublished\":\"2025-06-16T10:00:00+00:00\",\"dateModified\":\"2025-06-26T14:29:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/\"},\"wordCount\":1072,\"publisher\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\"},\"articleSection\":[\"Canada\",\"Toronto Real Estate\",\"Vancouver Real Estate\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/\",\"name\":\"3 Canadian Cities That Saw the Biggest Price Drop in Spring 2025\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#website\"},\"datePublished\":\"2025-06-16T10:00:00+00:00\",\"dateModified\":\"2025-06-26T14:29:50+00:00\",\"description\":\"Vancouver, Toronto, and Thunder Bay experienced the biggest year-over-year price declines in spring, according to recent CREA data.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.zoocasa.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canadian Cities With the Sharpest Home Price Declines in Spring 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#website\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/\",\"name\":\"Zoocasa Blog\",\"description\":\"Home Buying &amp; Selling Tips, Real Estate Market Trends &amp; News\",\"publisher\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.zoocasa.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\",\"name\":\"Zoocasa\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png\",\"contentUrl\":\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png\",\"width\":800,\"height\":800,\"caption\":\"Zoocasa\"},\"image\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Zoocasa\",\"https:\/\/twitter.com\/Zoocasa\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/b162735b027c20ba6e2007c6ae373c22\",\"name\":\"Angela Serednicki\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/af504014ec3122b3f24f728fd2a477c40a5bde230d3da97cb9078471df17f9d3?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/af504014ec3122b3f24f728fd2a477c40a5bde230d3da97cb9078471df17f9d3?s=96&d=blank&r=g\",\"caption\":\"Angela Serednicki\"},\"description\":\"Angela Serednicki is a Public Relations and Content Specialist at Zoocasa. Having resided in different Toronto neighbourhoods for over a decade, she has gained an intimate understanding of and a passion for exploring the city\u2019s changing real estate scene. In her journalism career, Angela has written for some of Canada\u2019s best publications, including Maclean\u2019s, Canadian Business, Money Sense, Reader\u2019s Digest, and The Globe and Mail.\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/author\/angela-serednicki\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"3 Canadian Cities That Saw the Biggest Price Drop in Spring 2025","description":"Vancouver, Toronto, and Thunder Bay experienced the biggest year-over-year price declines in spring, according to recent CREA data.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/","og_locale":"en_US","og_type":"article","og_title":"3 Canadian Cities That Saw the Biggest Price Drop in Spring 2025","og_description":"Vancouver, Toronto, and Thunder Bay experienced the biggest year-over-year price declines in spring, according to recent CREA data.","og_url":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/","og_site_name":"Zoocasa Blog","article_publisher":"https:\/\/www.facebook.com\/Zoocasa","article_published_time":"2025-06-16T10:00:00+00:00","article_modified_time":"2025-06-26T14:29:50+00:00","og_image":[{"width":600,"height":338,"url":"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Spring-2025-price-drop.jpg","type":"image\/jpeg"}],"author":"Angela Serednicki","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/06\/Spring-2025-price-drop.jpg","twitter_creator":"@Zoocasa","twitter_site":"@Zoocasa","twitter_misc":{"Written by":"Angela Serednicki","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/#article","isPartOf":{"@id":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/"},"author":{"name":"Angela Serednicki","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/b162735b027c20ba6e2007c6ae373c22"},"headline":"Canadian Cities With the Sharpest Home Price Declines in Spring 2025","datePublished":"2025-06-16T10:00:00+00:00","dateModified":"2025-06-26T14:29:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/"},"wordCount":1072,"publisher":{"@id":"https:\/\/www.zoocasa.com\/blog\/#organization"},"articleSection":["Canada","Toronto Real Estate","Vancouver Real Estate"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/","url":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/","name":"3 Canadian Cities That Saw the Biggest Price Drop in Spring 2025","isPartOf":{"@id":"https:\/\/www.zoocasa.com\/blog\/#website"},"datePublished":"2025-06-16T10:00:00+00:00","dateModified":"2025-06-26T14:29:50+00:00","description":"Vancouver, Toronto, and Thunder Bay experienced the biggest year-over-year price declines in spring, according to recent CREA data.","breadcrumb":{"@id":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.zoocasa.com\/blog\/spring-market-price-decline-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zoocasa.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Canadian Cities With the Sharpest Home Price Declines in Spring 2025"}]},{"@type":"WebSite","@id":"https:\/\/www.zoocasa.com\/blog\/#website","url":"https:\/\/www.zoocasa.com\/blog\/","name":"Zoocasa Blog","description":"Home Buying &amp; Selling Tips, Real Estate Market Trends &amp; News","publisher":{"@id":"https:\/\/www.zoocasa.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zoocasa.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zoocasa.com\/blog\/#organization","name":"Zoocasa","url":"https:\/\/www.zoocasa.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png","contentUrl":"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png","width":800,"height":800,"caption":"Zoocasa"},"image":{"@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Zoocasa","https:\/\/twitter.com\/Zoocasa"]},{"@type":"Person","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/b162735b027c20ba6e2007c6ae373c22","name":"Angela Serednicki","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/af504014ec3122b3f24f728fd2a477c40a5bde230d3da97cb9078471df17f9d3?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af504014ec3122b3f24f728fd2a477c40a5bde230d3da97cb9078471df17f9d3?s=96&d=blank&r=g","caption":"Angela Serednicki"},"description":"Angela Serednicki is a Public Relations and Content Specialist at Zoocasa. Having resided in different Toronto neighbourhoods for over a decade, she has gained an intimate understanding of and a passion for exploring the city\u2019s changing real estate scene. In her journalism career, Angela has written for some of Canada\u2019s best publications, including Maclean\u2019s, Canadian Business, Money Sense, Reader\u2019s Digest, and The Globe and Mail.","url":"https:\/\/www.zoocasa.com\/blog\/author\/angela-serednicki\/"}]}},"_links":{"self":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/posts\/37822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/users\/157"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/comments?post=37822"}],"version-history":[{"count":0,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/posts\/37822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/media\/37827"}],"wp:attachment":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/media?parent=37822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/categories?post=37822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/tags?post=37822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}