Residential Real Estate Market Report May 2025

The Hamilton Real Estate Market in May 2025 shows that continued economic uncertainty and instability has both sellers and buyers remaining cautious. Weak sales plus increasing inventory shows an increase in the months of supply (the inventory available for sale) now sitting at 4.1 months, the highest in May since 1998.  There were 908 Sales across the Hamilton, Burlington, Haldimand County, and Niagara North areas. This is 13% higher than April, however, 14% lower than May 2024.

The overall Average Residential Price in May (including all...

Residential Real Estate Market Report April 2025

The Hamilton Real Estate Market in April 2025 marked the highest inventory level for the month of April since 2009, with months of supply at 4 months. Housing activity is still being impacted by the continued uncertainty about tariffs. With sales in the Hamilton, Burlington and surrounding areas slowing to 805 units. This is a 26% decline in sales compared to April 2024 and a 46% decrease below typical numbers reported for April. With the increase in inventory and the decrease in sales, we are now in a Buyer's Market where the sales-to-new...

Residential Real Estate Market Report March 2025

​The Hamilton Real Estate Market in March 2025 marked the lowest level of sales for that month since 2009, with only 701 total sales. Looking at the first quarter of 2025, the sales reached 1,854, which is 27% lower than last year's levels. Housing activity is being impacted by the continued uncertainty about tariffs. It has definitely slowed sales throughout this first quarter. Accompanying the pullback in sales was a significant increase in new listings. The sales-to-new listings ratio now sits at 40%, which is the top end of a Buyers'...

Residential Real Estate Market Report February 2025

The Hamilton Real Estate Market in February 2025, despite the major snowstorms, showed some slight signs of stabilization. Many of the neighbourhoods throughout the Hamilton-Burlington areas had in increase in the year-to-date average sales prices. The overall year-to-date Average Residential Price (including all property types throughout the Hamilton-Burlington areas), however, did decrease by 4.7% since this time last year. (For specific area average prices, please see chart below). Even though new listings dropped by 9% year over...

Discover the evolution of Hamilton, Ontario’s Real Estate Market with a comprehensive look at average home prices since 1990. This page breaks down historical data year by year, highlighting key market trends, economic factors, and external influences such as interest rates, government policies, and supply and demand shifts. You'll also find insights into how Hamilton’s housing market compares to other regions, as well as valuable resources for home buyers, sellers, and investors looking to understand long-term real estate trends. Stay informed and see how past market performance can help...

Residential Real Estate Market Report January 2025

​The Hamilton Real Estate Market in January 2025 trended down in sales, new listings, and inventory levels, showing a cautious start to the year, with figures remaining below long-term trends. Heightened economic risks are playing a factor in reducing buyer confidence, despite another interest rate cut by the Bank of Canada. The overall year-to-date Average Residential Price (including all property types throughout the Hamilton-Burlington areas) has gone up very slightly, by 1.5% since this time last year. (For specific area average...

2024 Year in Review Statistics & Property Values Report

Economic uncertainty and higher interest rates weighed on the housing market this year. The Bank of Canada Rate remained at 5% since the last increase in July 2023 until June of 2024 when it started to come down. This led to a sluggish Spring Real Estate Market, with lower sales and increased listings. The Bank of Canada Rate dropped five times since then and now sits at 3.25% with the next announcement coming at the end of January 2025. It is important to note that the Bank of Canada Rate only affects Variable Mortgages. Fixed...

Residential Real Estate Market Report November 2024

The Hamilton Real Estate Market in November 2024 trended down in sales, new listings, and inventory levels over the last month. Sales did see a slight gain over November last year though. With one more Bank of Canada Rate Announcement left this year on December 11th, and after the larger cut in the most recent announcement, Buyers are more optimistic that Mortgage Rates will continue to decline. It is important to remember that the Bank of Canada cuts only affects the Variable Rate Mortgage. It is the Bond Rates that affect the Fixed...

Residential Real Estate Market Report October 2024

The Hamilton Real Estate Market in October 2024 improved over last month and last year's levels for the second consecutive month. Even though October Sales are still slower than long-term trends for the month, this respresents a significant improvement. With one more Bank of Canada Rate Announcement left this year on December 11th, and after the larger cut in the most recent announcment, Buyers seem to be much more optomistic that Mortgage Rates will continue to decline. The overall year-to-date average price (including all property types...

Residential Real Estate Market Report September 2024

The Hamilton Real Estate Market in September 2024 showed a shift in activity with an increase in sales after a few months reporting slower sales. Despite this increase, year-to-date sales are 4% lower than last year, and almost 28% below long-term trends. With two more Bank of Canada Rate Announcements left this year (October and December) and Buyers hopeful the Mortgage Rates will continue to decline, buyer optimism appears to be slowly increasing. Year-to-date averages prices have gone up in some areas in and around Hamilton. (for...