Hamilton Housing Market Outlook 2025
Table of contents
Hamilton Market Report Summary
- The average selling price of a home in Hamilton decreased by 9.5% year-over-year to $763,700 in July 2025.
- The average selling price of a single-family home in Hamilton decreased by 6.8% year-over-year to $852,400 in July 2025.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 7.1% year-over-year to $658,900 in July 2025.
- The average selling price of a condo in Hamilton decreased by 6.1% year-over-year to $497,300 in July 2025.
- The average rent in Hamilton increased by 1% year-over-year to $1,995 for July 2025.
- August 29, 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 $763,700 for the month of July 2025, that’s decreased by 1.6% compared to the previous month. On a year-over-year basis, Hamilton home prices have decreased 9.5% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $852,400 for the month of July 2025, that’s decreased by 1.4% compared to the previous month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 6.8% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $658,900 for the month of July 2025, that’s decreased by 3.5% compared to the previous month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 7.1% over the last 12 months.
Condo Prices
The average selling price of a condo in Hamilton was $497,300 for the month of July 2025, that’s decreased by 1.2% compared to the previous month. On a year-over-year basis, the price of a condo in Hamilton has decreased 6.1% 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 July 2025 was $763,700, and it decreased of 9.5% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 46%, indicating a Balanced in Hamilton for July 2025.
Hamilton Home Sales Down 36% From Their 10-Year Average
According to the Cornerstone Association of Realtors (CAR) for July 2025, 886 homes were sold across Hamilton, Burlington, Haldimand County, and Niagara North, a 5.5% increase compared to July 2024. Within Hamilton, 529 properties changed hands, up 2.3% from last year. While this is a welcome shift after months of declines, year-to-date sales remain 16% below last year and 36% under the 10-year average.
Excess Supply Keeps Prices in Check
The benchmark price for the Hamilton-Burlington region was $763,700 in July, more than 9% lower than last year and down from June. Hamilton’s benchmark was $715,500, an 8% annual decline. Apartment-style units posted the steepest year-over-year drop, while detached and semi-detached homes also saw prices ease. Supply remains elevated, with the months of inventory at 4.4, reflecting a market where buyers still have leverage.
- July sales in Hamilton: 529, up 2.3% from last year
- Year-to-date sales: 16% below last year, 36% below 10-year average
- Hamilton benchmark price: $715,500, down 8% year-over-year
- Months of inventory at 4.4, showing a high supply and more buyer bargaining power
Outlook Balances Opportunity and Caution
While July’s sales rebound is encouraging, the broader market remains in recovery mode. Elevated listings and moderating prices are giving buyers more negotiating power, but borrowing costs are still high, keeping qualification standards strict. If demand continues to build in the coming months, Hamilton could be on track for a more sustained recovery. However, much will depend on economic conditions and the Bank of Canada’s policy path.
Impact on Mortgages and Homebuyers in Hamilton
For buyers, high inventory levels present an opportunity to negotiate more favourable terms, but interest rate pressures keep affordability tight. Renewers will see higher mortgage payments than in their last term, especially those who purchased during rate-easing cycles. Homeowners looking to refinance may find reduced equity if property values in their segment have fallen, particularly in apartments. For the Bank of Canada, Hamilton’s price declines and elevated supply provide a reason to ensure the market stabilizes before easing borrowing costs.
Month-over-Month Market Expectations for Hamilton
Transactions – Number of Sales
The number of sales in Hamilton was 886 during July 2025, that’s increased by 6.6% compared to the previous month. On a year-over-year basis, sales in Hamilton have increased by 10.2% over the last 12 months.
New Listings
The number of new listings in Hamilton was 1,945 during July 2025, that’s decreased by 5.8% compared to the previous month. On a year-over-year basis, new listings in Hamilton have increased by 0.4% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Hamilton was 46% during July 2025, indicating a Balanced. On a monthly basis, that’s increased by 13.1% compared to the previous month. Hamilton’s yearly sales to new listings ratio has increased by 9.7% 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 $1,995 for the month of July 2025, which increased by 1% on a year-over-year basis.
The average rent for a bachelor apartment in Hamilton was $0 for the month of July 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Hamilton was $1,809 for the month of July 2025, which decreased by 2% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,134 for the month of July 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Hamilton was $1,809 for the month of July 2025, which unchanged by 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 $528.19 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 2.75%, and nesto’s prime rate is set to 4.95%.
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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