Hamilton Housing Market Outlook 2025
Hamilton Market Report Summary
- The average selling price of a home in Hamilton decreased by 9% year-over-year to $747,200 in October 2025.
- The average selling price of a single-family home in Hamilton decreased by 7.1% year-over-year to $831,200 in October 2025.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 2.9% year-over-year to $673,200 in October 2025.
- The average selling price of a condo in Hamilton decreased by 10.7% year-over-year to $474,700 in October 2025.
- The average rent in Hamilton increased by 4.8% year-over-year to $2,030 for October 2025.
- December 1, 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 $747,200 for the month of October 2025, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, Hamilton home prices have decreased 9% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $831,200 for the month of October 2025, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 7.1% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $673,200 for the month of October 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 2.9% over the last 12 months.
Condo Prices
The average selling price of a condo in Hamilton was $474,700 for the month of October 2025, that’s decreased by 2.6% compared to the previous month. On a year-over-year basis, the price of a condo in Hamilton has decreased 10.7% 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 October 2025 was $747,200, and it decreased of 9% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 43%, indicating a Balanced in Hamilton for October 2025.
Hamilton Home Sales Decline 34% as Prices Adjust in a High-Supply Market
According to the Realtors Association of Hamilton-Burlington (RAHB), Hamilton’s housing market remained soft in October as high inventory and cautious buyer sentiment continued to shape conditions across Hamilton, Burlington, Haldimand County, and Niagara North. A total of 757 homes sold, only slightly below September levels but 34% under typical October activity. Elevated supply has kept the market balance tilted toward buyers, and negotiation remains a key feature across nearly all property types.
Sales and Inventory Highlights for October
• 757 home sales recorded across the Hamilton-Burlington region
• 1,778 new listings, down month over month
• Sales-to-new listings ratio (SLNR) improved to 43%
• 3,782 active listings, representing 5 months of supply
• Benchmark prices are now at $747,200, down 9% year over year
Inventory Holds at 5 Months as New Listings Slow
New listings declined in October, providing slight relief after months of elevated supply. Even with the slowdown, active inventory remained high at 5 months, consistent with buyer-friendly conditions. Softer sales relative to supply have kept pressure on prices, though the month-over-month trend has been stable, with the benchmark price holding near September levels.
Hamilton Home Prices Ease 9% Annually With Variation Across Property Types
The unadjusted benchmark price reached $747,200, stable month over month but 9% below last year. Detached homes led the adjustment with a 6% decline, while apartment-style properties posted a 6% annual increase, reflecting relative affordability and demand in that segment. Local market variation remains notable, with neighbourhood-level supply and pricing dynamics differing across detached, townhome, and condo categories.
Regional Breakdown Shows Divergence Across Hamilton
Hamilton recorded 463 sales with a benchmark price of $781,277, down 4% from last year. Burlington posted 186 sales and remained the region’s highest-priced market with an average price of $1,028,523, down 5% year over year. Haldimand County saw 55 sales with an average price of $698,500, while Niagara North reported 53 sales and an average price of $777,982. Market performance varied across the 4 regions, reflecting how pricing, supply, and buyer preferences are shaping conditions in each local area.
Hamilton Market Implications for Homebuyers and Homeowners
Buyers continue to benefit from ample supply, slower price growth, and increased negotiating room. Sellers are operating in a competitive environment where accurate pricing, strong presentation, and realistic expectations are essential. Homeowners looking to refinance may find that stable month-over-month price increases support their equity positions.
Month-over-Month Market Expectations for Hamilton
Transactions – Number of Sales
The number of sales in Hamilton was 757 during October 2025, that’s decreased by 2.1% compared to the previous month. On a year-over-year basis, sales in Hamilton have decreased by 17.4% over the last 12 months.
New Listings
The number of new listings in Hamilton was 1,778 during October 2025, that’s decreased by 18.7% compared to the previous month. On a year-over-year basis, new listings in Hamilton have decreased by 8.3% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Hamilton was 43% during October 2025, indicating a Balanced. On a monthly basis, that’s increased by 20.5% compared to the previous month. Hamilton’s yearly sales to new listings ratio has decreased by 9.9% 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 $2,030 for the month of October 2025, which increased by 4.8% on a year-over-year basis.
The average rent for a bachelor apartment in Hamilton was $0 for the month of October 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Hamilton was $1,799 for the month of October 2025, which increased by 2.3% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,129 for the month of October 2025, which increased by 1% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Hamilton was $1,799 for the month of October 2025, which increased by 1% on a year-over-year basis.
How Does Renting Compare with Homeownership in Hamilton?
Each $100,000 in mortgage balance costs an average of $509.35 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 2.25%, and nesto’s prime rate is set to 4.45%.
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.
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