Hamilton Housing Market Outlook 2025
Table of contents
Hamilton Market Report Summary
- The average selling price of a home in Hamilton decreased by 10.3% year-over-year to $754,000 in August 2025.
- The average selling price of a single-family home in Hamilton decreased by 7.8% year-over-year to $840,700 in August 2025.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 8.7% year-over-year to $650,800 in August 2025.
- The average selling price of a condo in Hamilton decreased by 4.8% year-over-year to $496,400 in August 2025.
- The average rent in Hamilton increased by 2% year-over-year to $2,000 for August 2025.
- September 21, 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 $754,000 for the month of August 2025, that’s decreased by 1.3% compared to the previous month. On a year-over-year basis, Hamilton home prices have decreased 10.3% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $840,700 for the month of August 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 7.8% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $650,800 for the month of August 2025, that’s decreased by 1.2% compared to the previous month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 8.7% over the last 12 months.
Condo Prices
The average selling price of a condo in Hamilton was $496,400 for the month of August 2025, that’s decreased by 0.2% compared to the previous month. On a year-over-year basis, the price of a condo in Hamilton has decreased 4.8% 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 August 2025 was $754,000, and it decreased of 10.3% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 47%, indicating a Balanced in Hamilton for August 2025.
Hamilton Home Prices Fall 10% Year-Over-Year
According to the Realtors Association of Hamilton-Burlington (RAHB) for August 2025, the region recorded 757 home sales, marking the second consecutive month of year-over-year growth. While this was a 2% increase compared with August 2024, activity still sits more than 30% below historic norms for the month.
Average Home Prices In Hamilton Fall To $754K, Down 10% Annually
The unadjusted benchmark price in Hamilton-Burlington declined to $754,000 in August, down more than 10% compared with a year earlier. Home prices have been trending lower since the second half of 2024, reflecting elevated supply and softer demand. Despite seasonal declines in inventory from July, the number of homes for sale remains nearly 15% higher than last year and at its highest August level since 2011.
- August sales: 757, up 2% annually
- Benchmark price: $754,000, down 10% YoY
- New listings: 1,601, up 7% annually
- Sales-to-new-listings ratio: 47% indicating buyer-leaning balanced market conditions
- Active inventory: 15% higher than August 2024
Buyers Regain Leverage As Inventory Reaches 14 Year High
The 1,601 new listings in August lifted supply to levels not seen in over a decade. Elevated inventory kept the sales-to-new-listings ratio at 47%, solidly in buyer’s market territory. Buyers are benefitting from lower prices and greater choice, particularly in detached properties across Hamilton, Burlington, Haldimand, and Niagara North.
Hamilton is Ontario’s Most Pressured Market
RBC Economics noted Hamilton among the Ontario regions facing the steepest price corrections due to high inventory. Local MLS Home Price Index (HPI) values fell again in August, extending a year-long decline. RBC’s assessment is that while a slow recovery is underway nationally, Hamilton remains weighed down by affordability challenges and abundant supply.
Build Canada Homes Program To Deliver Affordable Supply In Hamilton Region
The federal Build Canada Homes initiative, with a $13-billion budget, aims to add 4,000 affordable housing units nationwide. While Hamilton is not one of the first six cities identified for 2026 projects, the program’s emphasis on Ontario supply expansion is expected to indirectly ease affordability in surrounding markets like Hamilton-Burlington in the coming years.
Mortgage Impact for Buyers and Sellers in Hamilton
- Buyers now have stronger negotiating power, with prices down 10% and inventory at its highest August level in 14 years. Affordability remains a challenge, but conditions are favourable for those entering the market.
- Sellers face longer timelines and more competition. Pricing homes realistically is critical to attracting offers in today’s buyer-driven environment.
- Homeowners looking to renew or refinance their mortgage may see relief ahead with lower borrowing costs. The Bank of Canada is expected to return to easing monetary policy, potentially helping stabilize demand in Hamilton.
Hamilton’s housing market is showing early signs of recovery in sales volumes, but continues to experience significant downward price pressure. Elevated inventory and affordability constraints keep the region buyer-friendly, with potential opportunities emerging as interest rates decline.
Month-over-Month Market Expectations for Hamilton
Transactions – Number of Sales
The number of sales in Hamilton was 757 during August 2025, that’s decreased by 14.6% compared to the previous month. On a year-over-year basis, sales in Hamilton have increased by 9.7% over the last 12 months.
New Listings
The number of new listings in Hamilton was 1,601 during August 2025, that’s decreased by 17.7% compared to the previous month. On a year-over-year basis, new listings in Hamilton have increased by 3.4% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Hamilton was 47% during August 2025, indicating a Balanced. On a monthly basis, that’s decreased by 3.8% compared to the previous month. Hamilton’s yearly sales to new listings ratio has increased by 6.1% 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 $2,000 for the month of August 2025, which increased by 2% on a year-over-year basis.
The average rent for a bachelor apartment in Hamilton was $0 for the month of August 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Hamilton was $1,790 for the month of August 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,148 for the month of August 2025, which decreased by 2% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Hamilton was $1,790 for the month of August 2025, which decreased by 2% on a year-over-year basis.
How Does Renting Compare with Homeownership in Hamilton?
Each $100,000 in mortgage balance costs an average of $520.08 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 2.50%, and nesto’s prime rate is set to 4.70%.
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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