Hamilton Housing Market Outlook 2026

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Hamilton’s Deep Discount Among Canada’s Major Markets

According to the Cornerstone Association of Realtors, for March 2026, Hamilton is showing strong spring momentum even as annual price corrections remain among the steepest in the country. Sales and new listings both jumped by more than 35% from February, while the HPI has remained stable month over month. But the year-over-year picture paints a different reality: Hamilton’s median sale price across all residential properties fell 7.7% to $659,900, and the average dropped 8.7% to $722,960.

• Hamilton recorded 448 sales in March, down 3.7% year over year. New listings came in at 1,072, off 7.9% from a year ago. Active inventory stood at 1,792 homes (down 5.4%), producing 3.9 months of supply, unchanged from last March. Average days on market climbed to 45, up 32.4%, giving buyers meaningfully more breathing room than they had a year ago. Sellers received 97.2% of the list price on average, down 1.2 percentage points.
• The correction is hitting segments unevenly. Single-family homes saw 280 sales (down 10.8%) with a median of $722,500 (off 8.0%) and an average of $809,456 (down 7.5%). Days on market for singles rose to 39, up 34.5%. Townhouse and condo sales, by contrast, actually climbed 11.3% to 168 transactions, though the median slipped 9.6% to $578,750 and the average fell 6.4% to $578,800. Months of supply for that segment rose to 4.9, up 11.4%, while singles tightened slightly to 3.5 months (down 2.8%).
• On a year-to-date basis, the numbers are softer still. Hamilton has seen 1,109 total sales through March, down 11.1% from the same period in 2025. New listings are off 14.7% at 1,646, and the YTD median sits at $660,000 (down 7.0%). Cornerstone CEO Bill Duce noted that “sellers benefit from increased activity and fewer days on average to sell their home, while buyers have more options to explore with higher inventory levels.” Federal and provincial HST relief on new homes, along with reduced development charges, could further support buyer confidence heading into the summer.

With homes sitting longer on the market and prices still adjusting, buyers have more leverage than they’ve had in years. Reach out to nesto’s mortgage experts to compare fixed vs. variable-rate mortgages and find the structure that makes sense for your purchase.

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Hamilton Housing Market Highlights

• The average selling price of a home in Hamilton decreased by 7.5% year-over-year to $736,400 in March.
• The average selling price of a single-family home in Hamilton decreased by 7.2% year-over-year to $828,200 in March.
• The average selling price of a townhouse/multiplex in Hamilton decreased by 6.9% year-over-year to $630,200 in March.
• The average selling price of a condo in Hamilton decreased by 10% year-over-year to $463,800 in March.
• The average rent in Hamilton is now $2,170 for March.
• April 24, 2026: Today’s lowest mortgage rate in Hamilton is 4.04% for a 5-year fixed.

Data from the Cornerstone Association of Realtors (CAR) indicates that the average price of resale residential homes sold across Hamilton in March was $736,400, and itdecreased of 7.5% compared to a year ago.

CAR also reported a sales-to-new-listings ratio (SNLR) of 43%, indicating Balanced market conditions in Hamilton for March.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market. 

Annual Changes to Composite Home Prices in Hamilton

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Hamilton Market Rents Snapshot

The average rent in Hamilton was $2,170 for the month of March.

The average rent for a 1-bedroom apartment in Hamilton was $1,853 for the month of March, which increased by 7.7% on a year-over-year basis.

The average rent for a 2-bedroom apartment in Hamilton was $2,396 for the month of March, which increased by 14.3% on a year-over-year basis.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,971	$2,462	$3,358	−3.3%
2	Vancouver	$2,715	$2,400	$3,355	−2.2%
3	Burnaby	$2,494	$2,115	$2,750	−9.1%
4	North York	$2,488	$2,112	$2,674	−1.3%
5	Coquitlam	$2,478	$2,116	$2,752	−6.1%
6	Etobicoke	$2,476	$2,128	$2,662	−3.4%
7	Toronto	$2,474	$2,188	$2,838	−3.1%
8	Oakville	$2,454	$2,167	$2,557	−16.9%
9	Kanata	$2,396	$2,238	$2,540	−12.7%
10	Mississauga	$2,360	$2,071	$2,453	−5.8%
11	Burlington	$2,346	$2,061	$2,434	−4.5%
12	Langley	$2,303	$1,974	$2,443	−2.2%
13	Vaughan	$2,290	$2,067	$2,592	−0.2%
14	Kingston	$2,286	$1,925	$2,430	19.6%
15	Scarborough	$2,281	$1,884	$2,378	−5.7%
16	Victoria	$2,255	$1,975	$2,584	−4.3%
17	East York	$2,245	$1,866	$2,536	−4.7%
18	Brampton	$2,239	$1,942	$2,304	1.3%
19	Halifax	$2,235	$2,026	$2,563	0.2%
20	Waterloo	$2,229	$2,066	$2,300	−6.1%
21	Guelph	$2,189	$1,924	$2,248	−8.4%
22	Hamilton	$2,170	$1,853	$2,396	14.3%
23	Ajax	$2,149	$1,909	$2,184	1.2%
24	Ottawa	$2,145	$1,955	$2,457	−4.7%
25	Barrie	$2,140	$1,936	$2,214	−1.4%
26	New Westminster	$2,137	$1,888	$2,718	−1.6%
27	Laval	$2,106	$1,715	$2,367	11.7%
28	Nanaimo	$2,105	$1,843	$2,299	5.1%
29	Surrey	$2,094	$1,818	$2,206	−8.2%
30	Kamloops	$2,078	$1,790	$2,148	1.6%
31	Greater Sudbury	$2,059	$1,886	$2,119	−10.5%
32	Kelowna	$2,056	$1,743	$2,217	−4.6%
33	Cambridge	$2,049	$1,834	$2,089	−4.4%
34	Kitchener	$1,989	$1,775	$2,134	−3.8%
35	Oshawa	$1,985	$1,719	$2,048	−3.8%
36	Brantford	$1,985	$1,794	$2,153	5.6%
37	Peterborough	$1,972	$1,725	$1,994	−1.1%
38	Airdrie	$1,958	$1,475	$1,748	−2.8%
39	Brossard	$1,948	$1,787	$2,010	−13.4%
40	Montreal	$1,938	$1,737	$2,285	2.2%
41	London	$1,911	$1,663	$2,055	−5.7%
42	Niagara Falls	$1,907	$1,690	$2,024	−2.7%
43	Calgary	$1,869	$1,532	$1,848	−4.2%
44	St. Catharines	$1,841	$1,636	$1,929	−1.0%
45	Welland	$1,792	$1,540	$1,973	8.9%
46	Gatineau	$1,732	$1,541	$1,843	−12.2%
47	Sarnia	$1,710	$1,508	$1,793	−4.1%
48	Winnipeg	$1,669	$1,445	$1,786	3.5%
49	Windsor	$1,622	$1,494	$1,784	−7.2%
50	Côte Saint-Luc	$1,605	$1,413	$1,840	−19.6%
51	Red Deer	$1,600	$1,362	$1,565	0.4%
52	Edmonton	$1,589	$1,288	$1,634	−1.3%
53	Saskatoon	$1,532	$1,347	$1,580	4.3%
54	Lethbridge	$1,483	$1,356	$1,558	−0.7%
55	Regina	$1,439	$1,285	$1,530	3.0%
56	Quebec City	$1,420	$1,290	$1,555	−11.6%
57	Medicine Hat	$1,387	$1,225	$1,406	0.8%
58	Fort McMurray	$1,362	$1,181	$1,404	0.5%
59	Lloydminster	$1,194	$1,069	$1,279	2.3%
60	St. John's	$1,143	$1,079	$1,253	5.5%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Hamilton?

Each $100,000 in mortgage balance costs an average of $528.19 per month on nesto’s lowest fixed 5-year rate at 4.04% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About the Hamilton Housing Market Outlook for 2026

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Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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