Hamilton Housing Market Outlook 2025
Table of contents
Hamilton Market Report Summary
- The average selling price of a home in Hamilton decreased by 8.7% year-over-year to $776,300 in June 2025.
- The average selling price of a single-family home in Hamilton decreased by 6% year-over-year to $864,100 in June 2025.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 5.8% year-over-year to $682,600 in June 2025.
- The average selling price of a condo in Hamilton decreased by 6.5% year-over-year to $503,100 in June 2025.
- The average rent in Hamilton decreased by 2% year-over-year to $1,973 for June 2025.
- August 8, 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 $776,300 for the month of June 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, Hamilton home prices have decreased 8.7% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $864,100 for the month of June 2025, that’s decreased by 1% compared to the previous month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 6% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $682,600 for the month of June 2025, that’s increased by 0.2% compared to the previous month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 5.8% over the last 12 months.
Condo Prices
The average selling price of a condo in Hamilton was $503,100 for the month of June 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 6.5% over the last 12 months.
We’re curious…
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 June 2025 was $776,300, and it decreased of 8.7% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 40%, indicating a Buyers in Hamilton for June 2025.
Hamilton Housing Activity Slows as Home Prices Continue to Ease
According to the Cornerstone Association of Realtors (CAR) for June 2025, home sales across Hamilton Region, which includes the City of Hamilton, Burlington, Haldimand County, and Niagara North, declined 6% year-over-year, with just 831 transactions recorded. This slowdown marks the slowest sales performance for the region in the first half of the year since 2010, contributing to a 20% decline in year-to-date activity.
While new listings remained consistent with 2024 levels, slower sales pushed the sales-to-new-listings ratio (SNLR) down to 40%, tipping conditions in favour of buyers. The market is now sitting at nearly five months of inventory, indicating looser supply conditions and softer pricing momentum.
- Benchmark home price (June 2025): $776,300
- Price change YoY: Down 9%
- Average days on market: 32.9
- Total active listings: 3,960
- Sales-to-new listings ratio: 40%
The June benchmark price declined from May and was down across all property types and communities in the region. Market softness continues to be driven by high inventory levels, cautious buyer sentiment, and lingering economic uncertainty, including concerns tied to global trade and local affordability.
Regional Breakdown and Market Trends
- Price declines were broad-based, seen in all areas of the Hamilton-Burlington market.
- Inventory is growing, creating more choice and leverage for homebuyers.
- Buyers with stable finances are in a strong position to negotiate in today’s market, as sellers adjust expectations.
- Neighbourhood-level pricing varies significantly, underscoring the importance of local expertise when making buying or selling decisions.
According to local market spokesperson Nicolas von Bredow, “this is a market for strategic buyers, those with the income, savings, and readiness to act.” He emphasizes that neighbourhood data often tells a different story from the regional average, making it critical to work with knowledgeable realtors for accurate pricing and community insight.
What Hamilton’s Housing Dip Means for Your Mortgage Strategy and the BoC’s Next Move
Hamilton’s housing market continues to show signs of local economic strain, with declining prices and soft sales signalling affordability headwinds despite more inventory. For homebuyers, this creates room to negotiate, but also highlights the need to lock in competitive rates before further rate movement occurs. Renewers face continued pressure from higher fixed rates, particularly if they purchased in 2020 or 2021. Refinancers may face reduced equity access if appraised values continue to trend downward.
The Bank of Canada will likely view Hamilton’s slowdown as part of a broader cooling in Ontario’s real estate market, reinforcing its cautious tone on future rate cuts while monitoring regional disparities in the housing recovery.
Month-over-Month Market Expectations for Hamilton
Transactions – Number of Sales
The number of sales in Hamilton was 831 during June 2025, that’s decreased by 8.5% compared to the previous month. On a year-over-year basis, sales in Hamilton have decreased by 0.5% over the last 12 months.
New Listings
The number of new listings in Hamilton was 2,064 during June 2025, that’s decreased by 11% compared to the previous month. On a year-over-year basis, new listings in Hamilton have increased by 0.8% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Hamilton was 40% during June 2025, indicating a Buyers. On a monthly basis, that’s increased by 2.8% compared to the previous month. Hamilton’s yearly sales to new listings ratio has decreased by 1.3% 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
We’re curious…
Hamilton Market Rents Summary
The average rent in Hamilton was $1,973 for the month of June 2025, which decreased by 2% on a year-over-year basis.
The average rent for a bachelor apartment in Hamilton was $0 for the month of June 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Hamilton was $1,811 for the month of June 2025, which decreased by 4% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,076 for the month of June 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Hamilton was $1,811 for the month of June 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 $522.77 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
We’re curious…
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.
Why Choose nesto
At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are non-commissioned, salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and advice quality. nesto aims to transform the mortgage industry by providing honest advice and competitive rates using a 100% fully digital, transparent, seamless process.
nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.
Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.
Ready to get started?
In just a few clicks, you can see our current rates. Then apply for your mortgage online in minutes!
