Hamilton Housing Market Outlook 2026
Hamilton Housing Activity Softens in December as Demand Reset Shapes 2026
The Hamilton-Burlington housing market ended December with clear signs of fatigue, as home sales slowed further and demand remained subdued across most property types. Fewer new listings late in the year coincided with homes taking longer to sell, leaving buyers with more choice and negotiating power, while prices continued to drift lower. The slowdown capped a weak year overall, with sales well below long-term norms and price declines spreading across detached, townhouse/row, and condo/apartment segments, underscoring that caution around jobs, interest rates, and the broader economy weighed on activity into year-end.
Looking ahead to 2026, expectations lean toward a more balanced but still restrained market rather than a sharp rebound. Lower borrowing costs and targeted policy support should stabilize demand and gradually draw buyers back. Still, confidence is likely to rebuild slowly, keeping price growth modest and uneven across the region as supply remains ample and buyers stay selective.
Hamilton Housing Market Highlights
- The average selling price of a home in Hamilton decreased by 7.4% year-over-year to $725,200 in December.
- The average selling price of a single-family home in Hamilton decreased by 6.6% year-over-year to $816,800 in December.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 8.6% year-over-year to $616,200 in December.
- The average selling price of a condo in Hamilton decreased by 9.6% year-over-year to $462,400 in December.
- The average rent in Hamilton is now $2,075 for December.
- January 22, 2026: Today’s lowest mortgage rate in Hamilton is
for a 5-year fixed.
Data from the Realtors Association of Hamilton and Burlington (RAHB) indicates that the average price of resale residential homes sold across Hamilton in December was $725,200, and itdecreased of 7.4% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 81%, indicating Sellers market conditions in Hamilton for December.
Composite Home Prices
The average selling price of a home in Hamilton was $725,200 for the month of December, that’s decreased by 1.3% month over month. On a year-over-year basis, Hamilton home prices have decreased 7.4% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $816,800 for the month of December, that’s decreased by 1.3% month over month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 6.6% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $616,200 for the month of December, that’s decreased by 1.4% month over month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 8.6% year-over-year.
Condo Prices
The average selling price of a condo in Hamilton was $462,400 for the month of December, that’s decreased by 1.3% month over month. On a year-over-year basis, the price of a condo in Hamilton has decreased 9.6% year-over-year.
Transactions – Number of Sales
The number of sales in Hamilton was 446 during December, that’s decreased by 28.5% month over month. On a year-over-year basis, sales in Hamilton have decreased by 19.8% year-over-year.
New Listings
The number of new listings in Hamilton was 550 during December, that’s decreased by 55.9% month over month. On a year-over-year basis, new listings in Hamilton have decreased by 3% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Hamilton was 81% during December, indicating a Sellers. On a monthly basis, that’s increased by 61.9% month over month. Hamilton’s yearly sales to new listings ratio has decreased by 17.3% year-over-year.
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
Hamilton Market Rents Snapshot
The average rent in Hamilton was $2,075 for the month of December.
The average rent for a 1-bedroom apartment in Hamilton was $1,753 for the month of December, which increased by 1.7% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,109 for the month of December, which increased by 1.2% on a year-over-year basis.
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
How Does Renting Compare with Homeownership in Hamilton?
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Frequently Asked Questions on Hamilton Housing Market Outlook for 2026
Will Hamilton home prices go up in 2026?
Hamilton’s home prices are expected to grow modestly in 2026, driven by its proximity to Toronto and ongoing demand for more affordable housing in the GTA.
Is Hamilton still more affordable than Toronto in 2026?
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 2026?
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 2026?
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 2026?
Hamilton offers strong investment potential due to its affordability, population growth, and proximity to Toronto, driving consistent demand.
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