Hamilton Housing Market Outlook 2026
Hamilton Market Report Summary 2026
- The average selling price of a home in Hamilton decreased by 8.2% year-over-year to $734,700 in November 2025.
- The average selling price of a single-family home in Hamilton decreased by 7.7% year-over-year to $827,400 in November 2025.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 9.2% year-over-year to $625,100 in November 2025.
- The average selling price of a condo in Hamilton decreased by 8.6% year-over-year to $468,600 in November 2025.
- The average rent in Hamilton is now $2,075 for November 2025.
- December 19, 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 $734,700 for the month of November 2025, that’s decreased by 1.7% compared to the previous month. On a year-over-year basis, Hamilton home prices have decreased 8.2% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $827,400 for the month of November 2025, that’s decreased by 1.1% compared to the previous month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 7.7% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $625,100 for the month of November 2025, that’s decreased by 5% compared to the previous month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 9.2% over the last 12 months.
Condo Prices
The average selling price of a condo in Hamilton was $468,600 for the month of November 2025, that’s decreased by 1.1% compared to the previous month. On a year-over-year basis, the price of a condo in Hamilton has decreased 8.6% 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 November 2025 was $734,700, and it decreased of 8.2% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 50%, indicating Balanced market conditions in Hamilton for November 2025.
Hamilton Home Sales Cool as Buyer Choice Improves
According to the Realtors Association of Hamilton-Burlington (RAHB), the Hamilton region entered the winter period with softer home sales, higher inventory, and market conditions that continue to normalize after several years of intense competition. A total of 624 homes were sold across Hamilton, Burlington, Haldimand County, and Niagara North in November, down 23.2% YoY, as a seasonal slowdown combined with cautious buyer behaviour.
Hamilton Market Snapshot for November
Recent MLS data points to easing demand and materially improved supply.
- Residential sales totalled 624, down 23.2% YoY
- New listings declined 8.4% to 1,246
- Active listings rose 11.2% to 3,442 and remain 68% above long-term trends
- Months of inventory increased to 5.5, up sharply from last year
- Average days on market rose to 48.7, up nearly 20% YoY
- Average residential price fell 6.8% YoY to $786,326
- Year-to-date benchmark price averaged $775,464, almost 5% lower than last year
Home Sales and Prices Weaken Across Most Property Types
Activity weakened across nearly every housing segment. Detached home sales declined 11.2% YoY, while row housing and apartment sales fell more sharply, down 40.9% and 43.3% respectively. Condo apartments face the most pronounced supply pressure, with months of inventory rising above 8, reflecting slower absorption and more negotiating power for buyers. Detached homes remain comparatively more resilient, but even this segment is no longer experiencing the rapid turnover seen in recent years.
Home prices continued to soften in November. The average residential home price declined nearly 7% from last year, while benchmark prices across most property types also moved lower. Detached benchmark prices fell roughly 8% YoY, with similar declines across semi-detached, row, and condo/apartment properties. These price adjustments reflect a market where sellers are increasingly required to price realistically to attract interest in a more competitive resale environment.
Why the Hamilton Market Conditions Are Shifting
Hamilton’s housing market is transitioning toward balance. Inventory remains well above historical norms despite a slight easing since October, giving buyers more time and leverage. As RAHB notes, the winter slowdown is typical, but the elevated supply suggests conditions are more than seasonal. Buyers are no longer rushing into bidding wars, while sellers, anchored to peak 2022 pricing, have reset expectations to meet today’s market reality.
Month-over-Month Market Expectations for Hamilton
Transactions – Number of Sales
The number of sales in Hamilton was 624 during November 2025, that’s decreased by 17.6% compared to the previous month. On a year-over-year basis, sales in Hamilton have decreased by 19% over the last 12 months.
New Listings
The number of new listings in Hamilton was 1,246 during November 2025, that’s decreased by 29.9% compared to the previous month. On a year-over-year basis, new listings in Hamilton have decreased by 5.9% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Hamilton was 50% during November 2025, indicating a Balanced. On a monthly basis, that’s increased by 17.6% compared to the previous month. Hamilton’s yearly sales to new listings ratio has decreased by 13.9% 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 $2,075 for the month of November 2025.
The average rent for a 1-bedroom apartment in Hamilton was $1,762 for the month of November 2025, which increased by 1.2% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,092 for the month of November 2025, which decreased by 0.5% on a year-over-year basis.
How Does Renting Compare with Homeownership in Hamilton?
Each $100,000 in mortgage balance costs an average of $520.07 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, driven by its proximity to Toronto and ongoing demand for more affordable housing in the GTA.
Is Hamilton still more affordable than 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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