Hamilton Housing Market Outlook 2025
Table of contents
Hamilton Market Report Summary
- The average selling price of a home in Hamilton decreased by 6.7% year-over-year to $801,400 in April 2025.
- The average selling price of a single-family home in Hamilton decreased by 3.4% year-over-year to $900,000 in April 2025.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 4.7% year-over-year to $688,600 in April 2025.
- The average selling price of a condo in Hamilton decreased by 3.4% year-over-year to $515,100 in April 2025.
- The average rent in Hamilton increased by 2.0% year-over-year to $2,072 for April 2025.
- June 9, 2025: Today’s lowest mortgage rate in Hamilton is
for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Hamilton was $801,400 for the month of April 2025, that’s decreased by 1.2% compared to the previous month. On a year-over-year basis, Hamilton home prices have decreased 6.7% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $900,000 for the month of April 2025, that’s increased by 1.6% compared to the previous month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 3.4% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $688,600 for the month of April 2025, that’s increased by 0.9% compared to the previous month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 4.7% over the last 12 months.
Condo Prices
The average selling price of a condo in Hamilton was $515,100 for the month of April 2025, that’s decreased by 0.5% compared to the previous month. On a year-over-year basis, the price of a condo in Hamilton has decreased 3.4% over the last 12 months.
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Hamilton Housing Market Summary
Data from the Realtors Association of Hamilton and Burlington (RAHB) indicates that the average price of resale residential homes sold across Hamilton in April 2025 was $801,400, and it decreased of 6.7% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 39%, indicating a buyers market in Hamilton for April 2025.
Hamilton Inventory Climbs as Market Enters Deep Buyer Territory
According to the latest April 2025 data from the Realtors Association of Hamilton-Burlington (RAHB), Hamilton’s housing market continues to cool as buyer hesitation and rising inventory levels weigh on home sales and prices. MLS sales in the broader Hamilton-Burlington region dropped to 805 units, a 25.9% year-over-year decline and the lowest level for April since 2009. Within the City of Hamilton, 511 properties were sold, representing a 16.4% annual drop despite a typical seasonal rebound from March.
Hamilton Home Sales Down Sharply Despite Spring Lift
Home sales in Hamilton are struggling to recover from prolonged weakness caused by economic uncertainty, most notably the ongoing US trade tensions. April’s 805 regional sales were 46% below the historical April average. While there was a 14.8% month-over-month increase in sales, the performance continues to fall well below expectations for a spring market.
- City of Hamilton sales: 511 (↓ 16.4% YoY, ↑ 15.1% MoM)
- Hamilton-Burlington sales: 805 (↓ 25.9% YoY, ↑ 14.8% MoM)
- Burlington sales: 152 (↓ 46.1% YoY)
- Haldimand County sales: 68 (↓ 2.9% YoY)
- Niagara North sales: 74 (↓ 20.4% YoY)
Hamilton Home Price Trends Remain Subdued
Prices are trending downward across most property segments in Hamilton. The average home price in the city fell 3.3% year-over-year to $791,384 but saw a slight 0.3% monthly uptick. Prices in Hamilton remain approximately 22% below their February 2022 peak, reinforcing the longer-term bear market narrative.
- Hamilton average price: $791,384 (↓ 3.3% YoY, ↑ 0.3% MoM)
- Hamilton-Burlington average price: $861,196 (↓ 4.3% YoY, ↓ 1.7% MoM)
- Benchmark price (Hamilton-Burlington): $803,700 (↓ 6.4% YoY, ↓ 0.9% MoM)
Hamilton Home Prices By Property Type
- Detached homes: $825,800 (↓ 3% YoY)
- Semi-detached homes: $732,600 (↓ 3% YoY)
- Townhomes: $624,000 (↓ 5% YoY)
- Condo apartments: $431,400 (↓ 7% YoY)
Burlington remains the region’s highest-priced market at $1,178,724 (↑ 2.4% YoY), while Haldimand and Niagara North reported price declines and increases, respectively, reflecting their smaller market volatility.
Hamilton Supply and Inventory Dynamics
Hamilton’s housing market saw 1,287 new listings in April, up 15.8% month-over-month and 1.7% from last year. Inventory reached 2,126 active listings in the city, up 36.5% year-over-year. Across the Hamilton-Burlington region, the months of supply rose to 4, the highest for April since 2009. The sales-to-new listings ratio (SNLR) remained at 39.7%, firmly in buyer’s market territory.
- New listings (Hamilton): 1,287 (↑ 1.7% YoY, ↑ 15.8% MoM)
- Active listings (Hamilton): 2,126 (↑ 36.5% YoY)
- Months of inventory: 4.2 (↑ significantly YoY)
- SNLR: 39.7% (buyer’s market threshold is <40%)
- Average days on market: 33.8
Hamilton’s housing market remains under pressure amid rising supply, slower demand, and prolonged economic uncertainty. Despite lower interest rates, potential buyers are hesitant, and prices are adjusting accordingly. With inventory at multi-year highs and homes taking longer to sell, the market firmly favours buyers. However, the long-term outlook could shift if political stability and new housing policy initiatives begin to improve affordability and restore buyer confidence.
Month-over-Month Market Expectations for Hamilton
Transactions – Number of Sales
The number of sales in Hamilton was 805 during April 2025, that’s increased by 14.8% compared to the previous month. On a year-over-year basis, sales in Hamilton have decreased by 22.7% over the last 12 months.
New Listings
The number of new listings in Hamilton was 2,043 during April 2025, that’s increased by 16.2% compared to the previous month. On a year-over-year basis, new listings in Hamilton have decreased by 2.0% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Hamilton was 39% during April 2025, indicating a buyers market. On a monthly basis, that’s decreased by 1.2% compared to the previous month. Hamilton’s yearly sales to new listings ratio has decreased by 21.1% over the last 12 months.
The sales to new listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR under 40% suggests a buyer’s market in which buyers have the upper hand and more 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 Summary
The average rent in Hamilton was $2,072 for the month of April 2025, which increased by 2.0% on a year-over-year basis.
The average rent for a bachelor apartment in Hamilton was $0 for the month of April 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Hamilton was $1,863 for the month of April 2025, which unchanged by 0.0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,204 for the month of April 2025, which decreased by 1.0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Hamilton was $1,863 for the month of April 2025, which decreased by 1.0% on a year-over-year basis.
How Does Renting Compare with Homeownership in Hamilton?
Each $100,000 in mortgage balance costs an average of $533.43 per month on nesto’s lowest fixed 5-year rate at
Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
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Frequently Asked Questions on Hamilton Housing Market Outlook for 2025
Will Hamilton home prices go up in 2025?
Hamilton’s home prices are expected to grow modestly in 2025 due to its proximity to Toronto and the ongoing demand for more affordable housing alternatives in the GTA.
Is Hamilton still affordable compared to Toronto in 2025?
Hamilton remains a more affordable option than Toronto, making it popular among buyers seeking better value. Suburban living and lower housing costs continue to attract first-time buyers.
How will mortgage rates affect Hamilton’s housing market in 2025?
Lower mortgage rates will bring buyers back into the market, increasing competition for single-family homes and townhouses.
What will influence Hamilton’s housing prices in 2025?
Key influences include its role as a GTA alternative, increased interest in suburban housing, and demand for new housing developments.
Is Hamilton a good place to invest in 2025?
Hamilton offers strong investment potential due to its affordability, population growth, and proximity to Toronto, driving consistent demand.
Housing Market Glossary and Definitions
MLS® Home Price Index (HPI)
The MLS® Home Price Index (HPI) is a real estate price index compiled by the Canadian Real Estate Association (CREA) that tracks the price of homes in your neighbourhood. It’s a quick way for Canadians to compare home prices in different parts of Canada and between different periods without having to factor in the unique characteristics of a particular property.
While market prices can vary from one month to the next based on seasonal factors, the Home Price Index (HPI) provides a more consistent view and tracks price trends over an extended period. The Home Price Index (HPI) is updated annually in May to reflect changes in real estate markets.
MLS® HPI is the most comprehensive and precise way to track a neighbourhood’s home price level and trends. MLS HPI uses over 15 years of data from the MLS® System and advanced statistical models to create a “typical” home based on the characteristics of homes purchased and sold. This benchmark home is tracked across all Canadian neighbourhoods and various types of homes.
Strata insurance
Strata insurance is insurance that a strata or condominium uses to cover damages to common areas, assets and liabilities to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. Strata insurance can cover the following:
- Buildings and structures on the strata’s property, including common areas such as the garage, roof, lobby, pool, etc.,
- Liabilities for any property damage or bodily harm due to an injury suffered on a strata property,
- Which also includes fixtures in the standard unit or part of the original make of each unit.
Strata insurance generally does not cover personal belongings and appliances in a condo unit. Damage caused by individual unit owners (e.g., water damage due to a unit owner’s negligence) is typically covered under personal condo insurance.
Property Types
Detached homes, also known as single-family homes, are residential properties that stand alone and are not connected to other buildings. They are legal single residential units on their own parcel of land and have a separate title.
Semi-detached homes are characterized by their unique architectural design. Two houses are built side by side and share a common wall. Although sharing a building, semi-detached homes have their own parcel of land and separate legal titles.
Townhouses are residential dwellings typically characterized by narrow, tall structures, often sharing walls with neighbouring units. Although they may share yards or common elements with their neighbours, townhouses will have separate legal titles from any adjoining building. Townhouses can be purchased as freehold or leasehold within a condo or strata and may come with their own land parcel. Townhouses can be part of a low-rise or high-rise building.
Condo apartments, also known as condominiums, are residential properties that combine elements of apartments and individual homes. It is a unit within a larger building or complex owned by an individual who also shares ownership of common areas and amenities with other residents. Condo apartment owners have legal ownership of their units and can modify them within the guidelines set by the condominium association. Unlike a townhouse, condos do not offer exclusive use of outdoor space unless they come with a balcony or terrace. Condos can be part of a low-rise or high-rise building.
Plexes or multiplexes are unique residential buildings constructed into 2 to 6 units within a single structure. Traditionally, they have been designed as low-rise residential buildings where any unit is accessible via an external entrance with higher floors connected by staircases. Each unit will have a separate registration and title but may share common elements and co-ownership fees with the other multiplex owners. Plexes are common in Québec and older parts of Toronto.
Property Ownership Classes
A freehold is a type of property ownership where an individual or entity has complete and indefinite ownership rights over a property and its parcel of land. Common freehold property types include detached houses, semi-detached houses, farms, and townhouses not part of condominium corporations.
A condominium or condo is a distinct type of property class that combines apartment living and individual homeownership elements. In a condominium, individual units are owned by the residents, while the common areas and amenities are shared among all the unit owners. This type of ownership gives you rights to your specific unit and some rights and responsibilities to the common areas, such as the hallways, elevators, garage, pool and rooftop patios.
A leasehold is a legal arrangement where a person or entity holds the right to use and occupy a property for a specific period, typically through a lease agreement. In some cases, the leaseholder may own the building or unit and rent the land from the landowner (landlord).
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