Hamilton Housing Market Outlook 2026
Hamilton Sales Rise While Prices Keep Falling
According to the Cornerstone Association of Realtors, for June 2026, Hamilton home sales rose 6.0% year over year to 551 units, even as the average price fell 10.0% to $746,245 and new listings dropped 8.7% to 1,211.
- The region-wide HPI benchmark eased 0.9% from May to $737,400, down 5.4% from a year ago, with inventory down 11.7% year over year, even after a small monthly gain.
- Months of supply in Hamilton specifically rose to 5.0, up 5.7% from a year earlier, and homes sat on the market for 38 days, up 15.2%.
- Neighbouring Burlington posted a stronger year, with sales up 14.8% and average price essentially flat, a reminder that conditions vary sharply even within the Cornerstone region.
If falling prices have you eyeing an entry point for your homeownership goals, reach out to nesto mortgage experts and compare mortgage rates in Hamilton.
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Hamilton Housing Market Highlights
- The average selling price of a home in Hamilton decreased by 5.4% year-over-year to $737,400 in June.
- The average selling price of a single-family home in Hamilton decreased by 4.7% year-over-year to $832,500 in June.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 8.6% year-over-year to $621,100 in June.
- The average selling price of a condo in Hamilton decreased by 8.9% year-over-year to $452,800 in June.
- The average rent in Hamilton is now $1,939 for June.
- July 23, 2026: Today’s lowest mortgage rate in Hamilton is 4.09% for a 5-year fixed.
Data from the Cornerstone Association of Realtors (CAR) indicates that the average price of resale residential homes sold across Hamilton in June was $737,400, and itdecreased of 5.4% compared to a year ago.
CAR also reported a sales-to-new-listings ratio (SNLR) of 45%, indicating Balanced market conditions in Hamilton for June.
Composite Home Prices
The average selling price of a home in Hamilton was $737,400 for the month of June, that’s decreased by 0.9% month over month. On a year-over-year basis, Hamilton home prices have decreased 5.4% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $832,500 for the month of June, that’s decreased by 0.6% month over month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 4.7% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $621,100 for the month of June, that’s decreased by 2.5% 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 $452,800 for the month of June, that’s decreased by 0.2% month over month. On a year-over-year basis, the price of a condo in Hamilton has decreased 8.9% year-over-year.
Transactions – Number of Sales
The number of sales in Hamilton was 551 during June, that’s decreased by 38.6% month over month. On a year-over-year basis, sales in Hamilton have decreased by 33.7% year-over-year.
New Listings
The number of new listings in Hamilton was 1,211 during June, that’s decreased by 38.6% month over month. On a year-over-year basis, new listings in Hamilton have decreased by 41.3% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Hamilton was 45% during June, indicating a Balanced market. On a monthly basis, that’s decreased by 0% month over month. Hamilton’s yearly sales to new listings ratio has increased by 13% 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
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Hamilton Market Rents Snapshot
The average rent in Hamilton was $1,939 for the month of June.
The average rent for a 1-bedroom apartment in Hamilton was $1,680 for the month of June, which decreased by 5.3% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,255 for the month of June, which decreased by 5.3% on a year-over-year basis.
Rental Price Changes by City
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $2,983 | $2,457 | $3,363 |
| 2 | Vancouver | $2,723 | $2,392 | $3,336 |
| 3 | North York | $2,563 | $2,154 | $2,765 |
| 4 | Kanata | $2,551 | $2,282 | $2,766 |
| 5 | Toronto | $2,543 | $2,213 | $2,912 |
| 6 | Burnaby | $2,522 | $2,135 | $2,766 |
| 7 | Coquitlam | $2,504 | $2,083 | $2,687 |
| 8 | Oakville | $2,438 | $2,170 | $2,657 |
| 9 | Etobicoke | $2,427 | $2,084 | $2,629 |
| 10 | Burlington | $2,381 | $2,064 | $2,470 |
| 11 | Mississauga | $2,360 | $2,056 | $2,437 |
| 12 | Halifax | $2,351 | $2,051 | $2,628 |
| 13 | Langley | $2,285 | $1,965 | $2,439 |
| 14 | Vaughan | $2,277 | $2,028 | $2,586 |
| 15 | Victoria | $2,258 | $1,999 | $2,642 |
| 16 | Brampton | $2,231 | $1,962 | $2,355 |
| 17 | Ajax | $2,217 | $1,834 | $2,262 |
| 18 | Scarborough | $2,210 | $1,862 | $2,292 |
| 19 | Guelph | $2,193 | $1,901 | $2,276 |
| 20 | Surrey | $2,187 | $1,803 | $2,239 |
| 21 | Ottawa | $2,179 | $1,956 | $2,462 |
| 22 | Barrie | $2,144 | $1,874 | $2,164 |
| 23 | New Westminster | $2,132 | $1,888 | $2,640 |
| 24 | Waterloo | $2,115 | $1,918 | $2,253 |
| 25 | Kingston | $2,111 | $1,875 | $2,232 |
| 26 | Kelowna | $2,110 | $1,831 | $2,241 |
| 27 | Nanaimo | $2,102 | $1,847 | $2,313 |
| 28 | Laval | $2,089 | $1,726 | $2,350 |
| 29 | East York | $2,077 | $1,829 | $2,335 |
| 30 | Cambridge | $2,075 | $1,836 | $2,141 |
| 31 | Airdrie | $2,027 | $1,477 | $1,814 |
| 32 | Peterborough | $2,000 | $1,755 | $1,968 |
| 33 | Brossard | $1,987 | $1,708 | $2,246 |
| 34 | Greater Sudbury | $1,980 | $1,702 | $2,140 |
| 35 | Oshawa | $1,966 | $1,740 | $2,015 |
| 36 | Montreal | $1,951 | $1,780 | $2,257 |
| 37 | Kamloops | $1,949 | $1,796 | $2,034 |
| 38 | Hamilton | $1,939 | $1,680 | $2,255 |
| 39 | London | $1,932 | $1,664 | $2,068 |
| 40 | Brantford | $1,923 | $1,779 | $2,029 |
| 41 | Calgary | $1,886 | $1,515 | $1,853 |
| 42 | Kitchener | $1,865 | $1,662 | $2,048 |
| 43 | Niagara Falls | $1,861 | $1,607 | $1,976 |
| 44 | St. Catharines | $1,827 | $1,570 | $1,904 |
| 45 | Gatineau | $1,781 | $1,593 | $1,888 |
| 46 | Welland | $1,762 | $1,533 | $1,937 |
| 47 | Côte Saint-Luc | $1,705 | $1,450 | $1,971 |
| 48 | Windsor | $1,702 | $1,488 | $1,921 |
| 49 | Winnipeg | $1,678 | $1,472 | $1,770 |
| 50 | Sarnia | $1,664 | $1,477 | $1,709 |
| 51 | Edmonton | $1,610 | $1,292 | $1,632 |
| 52 | Saskatoon | $1,544 | $1,341 | $1,561 |
| 53 | Lethbridge | $1,534 | $1,321 | $1,543 |
| 54 | Quebec City | $1,508 | $1,292 | $1,675 |
| 55 | Red Deer | $1,508 | $1,337 | $1,499 |
| 56 | Regina | $1,457 | $1,309 | $1,523 |
| 57 | Fort McMurray | $1,413 | $1,212 | $1,443 |
| 58 | Medicine Hat | $1,370 | $1,238 | $1,374 |
| 59 | Lloydminster | $1,306 | $1,026 | $1,378 |
| 60 | St. John's | $1,172 | $1,061 | $1,268 |
Source: Rentals.ca Network Data & Urbanation Inc.
Rental Price Changes by Province
Rental Price Growth by Housing Type
How Does Renting Compare with Homeownership in Hamilton?
Each $100,000 in mortgage balance costs an average of $530.91 per month on nesto’s lowest fixed 5-year rate at 4.09% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.
For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.
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Frequently Asked Questions (FAQ) About the Hamilton Housing Market Outlook for 2026
Why did Hamilton experience a housing market correction after rapid growth?
Hamilton experienced a correction after rapid growth, as pandemic-era price gains outpaced local incomes, creating affordability constraints amid rising inventory.
Is Hamilton’s housing market still declining in 2026?
Hamilton’s housing market is stabilizing in 2026, with modest price growth anticipated rather than further declines.
In 2026, do buyers have more leverage in Hamilton?
Buyers in Hamilton have greater leverage in 2026 compared with peak pandemic conditions, owing to increased listings and reduced competition.
Which homes are selling fastest in Hamilton?
Well-priced entry-level homes with strong commuter access are selling fastest in Hamilton.
What defines Hamilton’s housing outlook for 2026?
Hamilton’s housing market is defined by balanced conditions rather than strong buyer or seller dominance.
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