Hamilton Housing Market Outlook 2026
Hamilton Region Sales Drop 22.8% While Semi-Detached Prices Rise
According to the Cornerstone Association of Realtors, 376 homes sold across Hamilton in September 2026, down 22.8% from September 2025, and new listings fell 24.9% to 1,061. The MLS HPI composite benchmark price across the region was $718,600, down 5.1% year over year and 1.3% from August.
- Average sale prices fell for most property types: single-family homes averaged $779,991 (down 9.1% YoY), townhouses $585,741 (down 8.9%) and condos $379,636 (down 19.1%), while all property types averaged $713,793, down 8%.
- Months of supply fell 4% YoY to 4.8, and the average time to sell rose 15% YoY to 46 days.
- New listings and sales both fell by more than 20% YoY, meaning supply and demand weakened together.
Semi-detached homes were the exception, with the average sale price up 13.9% YoY to $660,214 while every other type fell. Averages by type are Cornerstone’s average sale prices, not benchmarks, so they move with the mix of homes sold in a month.
Speak with our nesto mortgage experts and compare mortgage rates in Hamilton to see where a purchase fits in a region where condo average sale prices fell the most.
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Hamilton Housing Market Highlights
- The average selling price of a home in Hamilton decreased by 7.52% year-over-year to $718,600 in September 2026.
- The average selling price of a single-family home in Hamilton decreased by 9.13% year-over-year to $779,991 in September 2026.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 0.26% year-over-year to $585,741 in September 2026.
- The average selling price of a condo in Hamilton decreased by 21.60% year-over-year to $379,636 in September 2026.
- October 29, 2026: Today’s lowest mortgage rate in Hamilton is 4.59% for a 5-year fixed.
Data from the Cornerstone Association of Realtors indicates that the average price of resale residential homes sold across the Hamilton region in September 2026 was $718,600, and it decreased by 7.52% compared to a year ago.
The Cornerstone Association of Realtors also reported a sales-to-new-listings ratio (SNLR) of 35.4%, indicating buyers market conditions in the Hamilton region for September 2026.
| Hamilton | Composite Price September 2026 | Composite Price August 2026 | YoY Change (%) | MoM Change (%) |
|---|---|---|---|---|
| Single Family Home | $779,991 | $822,377 | decreased by 9.13% | decreased by 5.15% |
| Townhouse/Multiplex | $585,741 | $576,086 | decreased by 0.26% | increased by 1.68% |
| Condo / Apartments | $379,636 | $375,455 | decreased by 21.60% | increased by 1.11% |
| Composite | $718,600 | $728,400 | decreased by 7.52% | decreased by 1.35% |
Hamilton Home Price Changes Over The Last Decade
Composite Home Prices
The average selling price of a home in Hamilton was $718,600 for the month of September 2026, that’s decreased by 1.35% month-over-month. On a year-over-year basis, Hamilton home prices have decreased by 7.52%.
Composite Home Prices in Hamilton
Monthly changes to Hamilton’s composite home prices over the last 10 years.
Single-Family Home Prices
The average selling price of a single-family home in Hamilton was $779,991 for the month of September 2026; that’s decreased by 5.15% month-over-month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 9.13%.
Single-Family Home Prices in Hamilton
Monthly changes to Hamilton’s single-family home prices over the last 10 years.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $585,741 for the month of September 2026; that’s increased by 1.68% month-over-month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 0.26%.
Townhouse and Multiplex Prices in Hamilton
Monthly changes to Hamilton’s townhouse and multiplex home prices over the last 10 years.
Condo Prices
The average selling price of a condo in Hamilton was $379,636 for the month of September 2026; that’s increased by 1.11% month-over-month. On a year-over-year basis, the price of a condo in Hamilton has decreased by 21.60%.
Condo Prices in Hamilton
Monthly changes to Hamilton’s condominium apartment home prices over the last 10 years.
Hamilton Housing Market Conditions
Number of Home Sales
Hamilton home sales were 376 during September 2026, that’s decreased by 1.57% month-over-month. On a year-over-year basis, home sale transactions in Hamilton have decreased by 22.63%.
Home Sales Volume in Hamilton
Hamilton’s MLS home sale volume over the past 12 months.
New Listings
The number of new listings in Hamilton was 1,061 during September 2026, that’s increased by 25.56% month-over-month. On a year-over-year basis, new listings in Hamilton have decreased by 24.27%.
New Listings in Hamilton
Hamilton’s MLS new listings over the past 12 months.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Hamilton was 35.4% during September 2026, indicating a buyers market. On a monthly basis, that’s decreased by 21.68% month-over-month. Hamilton’s yearly sales-to-new-listings ratio has increased by 2.02%.
SNLR in Hamilton
Monthly change in Hamilton’s sales-to-new-listings ratio (SNLR) over the past 12 months.
The sales-to-new-listings ratio (SNLR) measures home sales relative to new listings. An SNLR below 40% indicates a buyer’s market, where buyers hold the upper hand and greater negotiating power. An SNLR between 40% and 60% indicates a balanced market, while an SNLR over 60% indicates a seller’s market.
Market Conditions in Hamilton
| Oct 2025 | buyers market |
| Nov 2025 | balanced market |
| Dec 2025 | sellers market |
| Jan 2026 | balanced market |
| Feb 2026 | balanced market |
| Mar 2026 | balanced market |
| Apr 2026 | buyers market |
| May 2026 | balanced market |
| Jun 2026 | balanced market |
| Jul 2026 | balanced market |
| Aug 2026 | balanced market |
| Sep 2026 | buyers market |
SNLR — last 12 months
Monthly change in Hamilton’s market conditions over the past 12 months.
Short-Term Composite Home Price Trends in Hamilton
Monthly changes to Hamilton’s composite home price over the last 12 months.
Hamilton Market Rents Snapshot
The average rent in Hamilton was $1,910 in September 2026 and has decreased by 7.42% year over year.
The average rent for a 1-bedroom apartment in Hamilton was $1,657 for September 2026 and has decreased by 6.01% year over year.
The average rent for a 2-bedroom apartment in Hamilton was $2,130 for September 2026 and has increased by 1.09% year over year.
Average Rents for Cities Across Canada
| Rank | City | Total Avg | 1 Bed | 2 Bed |
|---|---|---|---|---|
| 1 | North Vancouver | $3,028 | $2,466 | $3,477 |
| 2 | Vancouver | $2,754 | $2,373 | $3,271 |
| 3 | Burnaby | $2,564 | $2,111 | $2,785 |
| 4 | Toronto | $2,556 | $2,220 | $2,937 |
| 5 | North York | $2,528 | $2,093 | $2,692 |
| 6 | Kanata | $2,501 | $2,265 | $2,691 |
| 7 | Coquitlam | $2,482 | $2,053 | $2,608 |
| 8 | Oakville | $2,460 | $2,165 | $2,703 |
| 9 | Etobicoke | $2,431 | $2,099 | $2,644 |
| 10 | Barrie | $2,397 | $2,148 | $2,552 |
| 11 | Burlington | $2,379 | $2,074 | $2,389 |
| 12 | Vaughan | $2,363 | $2,114 | $2,569 |
| 13 | Mississauga | $2,337 | $2,036 | $2,423 |
| 14 | Halifax | $2,324 | $2,002 | $2,508 |
| 15 | Brampton | $2,261 | $1,990 | $2,334 |
| 16 | Victoria | $2,253 | $1,987 | $2,632 |
| 17 | New Westminster | $2,241 | $1,881 | $2,734 |
| 18 | Langley | $2,239 | $1,868 | $2,426 |
| 19 | Surrey | $2,227 | $1,807 | $2,251 |
| 20 | Guelph | $2,225 | $1,961 | $2,292 |
| 21 | Ajax | $2,214 | $1,927 | $2,294 |
| 22 | Ottawa | $2,200 | $1,969 | $2,445 |
| 23 | Scarborough | $2,178 | $1,855 | $2,315 |
| 24 | Waterloo | $2,158 | $1,884 | $2,302 |
| 25 | Nanaimo | $2,157 | $1,897 | $2,261 |
| 26 | Kingston | $2,150 | $1,930 | $2,308 |
| 27 | Laval | $2,131 | $1,712 | $2,364 |
| 28 | Kelowna | $2,111 | $1,834 | $2,270 |
| 29 | Brossard | $2,083 | $1,790 | $2,190 |
| 30 | Cambridge | $2,055 | $1,863 | $2,143 |
| 31 | East York | $2,044 | $1,800 | $2,355 |
| 32 | Airdrie | $2,013 | $1,466 | $1,750 |
| 33 | Oshawa | $1,993 | $1,724 | $2,006 |
| 34 | Niagara Falls | $1,988 | $1,714 | $1,960 |
| 35 | Greater Sudbury | $1,982 | $1,745 | $2,076 |
| 36 | Montreal | $1,961 | $1,746 | $2,261 |
| 37 | Kamloops | $1,957 | $1,701 | $2,023 |
| 38 | Kitchener | $1,935 | $1,709 | $2,063 |
| 39 | Peterborough | $1,926 | $1,692 | $1,964 |
| 40 | Brantford | $1,923 | $1,780 | $2,033 |
| 41 | Hamilton | $1,910 | $1,657 | $2,130 |
| 42 | London | $1,897 | $1,628 | $1,998 |
| 43 | Calgary | $1,883 | $1,508 | $1,834 |
| 44 | St. Catharines | $1,830 | $1,518 | $1,959 |
| 45 | Welland | $1,792 | $1,540 | $1,920 |
| 46 | Gatineau | $1,769 | $1,625 | $1,810 |
| 47 | Côte Saint-Luc | $1,655 | $1,410 | $1,875 |
| 48 | Winnipeg | $1,653 | $1,435 | $1,764 |
| 49 | Windsor | $1,638 | $1,467 | $1,843 |
| 50 | Edmonton | $1,633 | $1,281 | $1,643 |
| 51 | Quebec City | $1,620 | $1,308 | $1,642 |
| 52 | Red Deer | $1,614 | $1,338 | $1,503 |
| 53 | Sarnia | $1,583 | $1,408 | $1,642 |
| 54 | Lethbridge | $1,573 | $1,355 | $1,558 |
| 55 | Saskatoon | $1,559 | $1,305 | $1,536 |
| 56 | Regina | $1,468 | $1,305 | $1,521 |
| 57 | Lloydminster | $1,392 | $1,108 | $1,422 |
| 58 | Fort McMurray | $1,386 | $1,147 | $1,372 |
| 59 | St. John's | $1,362 | $1,167 | $1,328 |
| 60 | Medicine Hat | $1,360 | $1,232 | $1,391 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province
| LOCATION | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| AB | $1,780 | $1,409 | $1,745 | $2,177 |
| BC | $2,231 | $1,904 | $2,355 | $2,850 |
| MB | $2,403 | $2,045 | $2,649 | $3,313 |
| ON | $1,649 | $1,428 | $1,751 | $2,008 |
| QC | $2,240 | $1,963 | $2,410 | $2,902 |
| SK | $1,933 | $1,694 | $2,144 | $2,558 |
| Atlantic Canada | $1,490 | $1,284 | $1,504 | $1,993 |
| Canada | $2,034 | $1,756 | $2,138 | $2,489 |
Average Rent by Property Type Across Canada
| TYPE | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| Apartment | $2,036 | $1,799 | $2,221 | $2,715 |
| Condominium | $2,052 | $1,844 | $2,161 | $2,769 |
| House/Townhouse | $2,016 | $1,311 | $1,732 | $2,299 |
| All | $2,034 | $1,756 | $2,138 | $2,489 |
How Does Renting Compare With Homeownership in Hamilton?
Each $100,000 in mortgage balance costs an average of $564 per month on nesto’s lowest fixed 5-year rate at 4.59%, and $517 per month on nesto’s lowest adjustable 5-year rate at 3.66%.
On the variable side, a 0.25% change in the Bank of Canada’s policy rate moves that payment by roughly $13.47 per $100,000 if rates rise, or $13.27 if they fall. Fixed payments aren’t affected the same way mid-term—a fixed rate is locked for the term and tracks bond yields, not the policy rate directly, so this sensitivity applies only to the variable side.
The interest rates used for the calculation are those offered on insured purchases with less than a 20% down payment, on a 25-year amortization, as of October 29, 2026 and are subject to change. Canada’s policy rate is 2.50%, and nesto’s prime rate is 4.70%.
We're curious…
Frequently Asked Questions (FAQ) About the Hamilton Housing Market in 2026
Are Hamilton Housing Market Conditions Favouring Buyers or Sellers in 2026?
Hamilton housing market conditions lean toward buyers in 2026, with the sales-to-new-listings ratio (SNLR) at 35.4% in September, below the 40% threshold for a buyer’s market. That is down from 45.2% in August, when the market was balanced. Homes took an average of 46 days to sell, up 15% from a year earlier, and months of supply stood at 4.8. Sales fell 22.8%, and new listings fell 24.9% year over year, so buyers have more time and negotiating room, but fewer homes are coming to market.
Are Home Prices in Hamilton Going Up or Down in 2026?
Home prices in the Hamilton region are down in 2026 from a year earlier, and the annual decline widened in September. The MLS HPI composite benchmark was $718,600, down 5.1% year over year and 1.3% from August, according to the Cornerstone Association of Realtors. Average sale prices fell for most property types: single-family homes averaged $779,991 (down 9.1%), townhouses $585,741 (down 8.9%) and condos $379,636 (down 19.1%). Semi-detached homes were the exception, up 13.9% to $660,214.
Have Hamilton Home Prices Stopped Falling?
Hamilton home prices have not stopped falling. The composite benchmark slipped 1.3% from August to $718,600 in September, after moving just 0.2% in August, and it is down 5.1% from a year ago. One month of data doesn’t show a trend, and average sale prices by type move with the mix of homes sold, so they can swing more than benchmarks. Even so, September’s figures point to continued softness rather than a floor.
What Is the Weakest Property Type in Hamilton?
Condominiums are the weakest property type in the Hamilton region, with the average sale price down 19.1% year over year to $379,636, the largest decline of any type. Single-family homes averaged $779,991, down 9.1%, and townhouses averaged $585,741, down 8.9%. Semi-detached homes bucked the trend, rising 13.9% to $660,214. These are average sale prices, not benchmarks, so a change in the mix of homes sold in a given month can move them.
How Wide Is the Gap Between Hamilton’s Property Types?
The gap between Hamilton’s property types is widest between condominiums and semi-detached homes, a 33-percentage-point spread. Semi-detached average sale prices rose 13.9% year over year to $660,214, while condo average sale prices fell 19.1% to $379,636. Among the three main types, condos trailed single-family homes by 10 percentage points (down 19.1% against down 9.1%), while townhouses (down 8.9%) fell about as much as single-family homes. A gap that size means a buyer choosing between property types in Hamilton is making a materially different bet on near-term price performance.
Is It Cheaper to Rent or Buy in Hamilton in 2026?
Whether renting or buying is cheaper in Hamilton depends on your time horizon, your down payment and the mortgage rate you qualify for. Both costs have eased from a year ago: average rent was $1,910 in September, down 7.4% year over year, and the composite benchmark price was $718,600, down 5.1%. The Bank of Canada’s policy rate has been 2.25% since October 2025, and it will next decide on October 28, 2026. Compare your estimated monthly mortgage payment with current rents, and factor in how long it will take to save the down payment and how long you plan to stay.
Why Choose nesto
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