Hamilton Housing Market Outlook 2025
Table of contents
Hamilton Market Report Summary
- The average selling price of a home in Hamilton decreased by 9.4% year-over-year to $753,300 in September 2025.
- The average selling price of a single-family home in Hamilton decreased by 7.7% year-over-year to $838,100 in September 2025.
- The average selling price of a townhouse/multiplex in Hamilton decreased by 6% year-over-year to $667,200 in September 2025.
- The average selling price of a condo in Hamilton decreased by 6.3% year-over-year to $487,600 in September 2025.
- The average rent in Hamilton increased by 1.2% year-over-year to $1,992 for September 2025.
- October 24, 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 $753,300 for the month of September 2025, that’s decreased by 0.1% compared to the previous month. On a year-over-year basis, Hamilton home prices have decreased 9.4% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Hamilton was $838,100 for the month of September 2025, that’s decreased by 0.3% compared to the previous month. On a year-over-year basis, single-family home prices in Hamilton have decreased by 7.7% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Hamilton was $667,200 for the month of September 2025, that’s increased by 2.5% compared to the previous month. On a year-over-year basis, the price of a townhouse in Hamilton has decreased by 6% over the last 12 months.
Condo Prices
The average selling price of a condo in Hamilton was $487,600 for the month of September 2025, that’s decreased by 1.8% compared to the previous month. On a year-over-year basis, the price of a condo in Hamilton has decreased 6.3% 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 September 2025 was $753,300, and it decreased of 9.4% compared to a year ago.
RAHB also reported a sales-to-new-listings ratio (SNLR) of 35%, indicating a Buyers in Hamilton for September 2025.
Home Sales in Hamilton Increased for the Third Consecutive Month
The Realtors Association of Hamilton-Burlington (RAHB) reported that 773 homes were sold across Hamilton, Burlington, Haldimand County, and Niagara North in September 2025, marking the third consecutive month of year-over-year growth in sales activity. Despite this improvement, overall transactions remain 27% below long-term averages, and year-to-date sales are still 10% lower than in 2024 and 33% below the 10-year benchmark.
Market Activity Shows Moderate Growth Across the Region
Home sales rose modestly while new listings continued to expand. There were 2,188 new listings in September, up 1.9% compared to last year, resulting in a sales-to-new-listings ratio (SNLR) of 35%. This increase in supply pushed total inventory up by 10.5% year over year to 3,891 units, equivalent to 5 months of supply, indicative of buyer’s market conditions.
“September has brought some positive shifts in sales activity, but overall numbers still lag behind historical trends,” said Nicolas von Bredow, spokesperson for the Hamilton-Burlington market area. “While the increase in new listings and inventory is beneficial for buyers, it has created a substantial supply that is affecting pricing in some areas. Benchmark prices for the Hamilton-Burlington area are down over nine per cent from last year.”
Hamilton Property Prices Remained Stable MoM, But Lower YoY
The unadjusted benchmark price for the Hamilton-Burlington area reached $753,300 in September, similar to August but down 9% compared to the same month last year. The average home price was $826,773, a decrease of 5.4% from 2024.
- Detached homes averaged $917,574, down 7.2% compared to last year.
- Semi-detached homes averaged $684,213, down 8% YoY.
- Row/townhouses averaged $681,739, down 5.2% YoY.
- Condo/apartments averaged $550,334, down 7% YoY.
Hamilton’s Regional Breakdown
Market activity varied across subregions within the Hamilton-Burlington Region.
- Hamilton: 475 sales, up 7.2% compared to last year, with an average price of $775,745, down 4.8%.
- Burlington: 165 sales, up 5.1%, with an average price of $1,056,475, down 7.6%.
- Haldimand County: 72 sales, up 5.9%, with an average price of $680,653, up 4%.
- Niagara North: 61 sales, down 28.2%, with an average price of $775,266, down 9.6%.
The benchmark price for detached homes across the region stood at $849,100, down 8% from last year. Row homes averaged $667,200, down 6%, and apartments averaged $487,600, down 6%.
Hamilton Market Conditions and Buyer Outlook
The rise in listings has given buyers in the Hamilton region more choice and slightly eased competition. Hamilton West reported the highest inventory levels, with nearly 9 months of supply, while Dundas maintained the tightest market at 4 months of supply.
Detached and semi-detached homes led the rebound in sales this month, while the row and apartment sectors saw slower activity due to ongoing affordability constraints. Year to date, residential sales across the region totalled 7,111, down 9.9% from last year.
Local Price Trends Across Key Communities
- Ancaster: benchmark price $1,143,000, down 12% from last year
- Dundas: benchmark price $928,500, down 11% from last year
- Flamborough: benchmark price $1,036,100, down 13% from last year
- Stoney Creek: benchmark price $805,400, down 8% from last year
- Waterdown: benchmark price $1,048,700, down 8% from last year
- Glanbrook: benchmark price $898,300, down 7% from last year
Hamilton Real Estate Outlook for Late 2025
Hamilton-Burlington’s housing market is expected to remain balanced heading into the final quarter of the year. Steady demand, combined with improving affordability from recent Bank of Canada rate cuts, should help stabilize home prices through early 2026. However, elevated inventory levels will likely prevent a return to the rapid price appreciation seen in previous cycles.
If the Bank of Canada continues its easing cycle into 2026, the Hamilton-Burlington area could see a gradual rebound in sales activity and home prices as affordability improves and consumer confidence strengthens.
Month-over-Month Market Expectations for Hamilton
Transactions – Number of Sales
The number of sales in Hamilton was 773 during September 2025, that’s increased by 2.1% compared to the previous month. On a year-over-year basis, sales in Hamilton have decreased by 0.1% over the last 12 months.
New Listings
The number of new listings in Hamilton was 2,188 during September 2025, that’s increased by 36.7% compared to the previous month. On a year-over-year basis, new listings in Hamilton have decreased by 5.5% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Hamilton was 35% during September 2025, indicating a Buyers. On a monthly basis, that’s decreased by 25.3% compared to the previous month. Hamilton’s yearly sales to new listings ratio has increased by 5.7% 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 $1,992 for the month of September 2025, which increased by 1.2% on a year-over-year basis.
The average rent for a bachelor apartment in Hamilton was $0 for the month of September 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Hamilton was $1,787 for the month of September 2025, which increased by 0.6% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Hamilton was $2,126 for the month of September 2025, which decreased by 1.7% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Hamilton was $1,787 for the month of September 2025, which decreased by 1.7% on a year-over-year basis.
How Does Renting Compare with Homeownership in Hamilton?
Each $100,000 in mortgage balance costs an average of $520.07 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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