This page has been updated with data released in February 2026 for the January 2026 period.
- Average home price in Hamilton: $734,639 (3.0% year-over-year decrease)
- Average home price in Hamilton-Burlington region: $787,579
- Total sales in Hamilton-Burlington: 470
- New listings in Hamilton-Burlington: 1,203
- Active inventory: 2,324
- Months of supply: 3.2
- Average days on market: 57
- Sales-to-new-listings ratio: 39%
- Lowest mortgage rate in Hamilton
Average home price by property type in Hamilton
These are the average home prices by property type in the City of Hamilton, updated with housing market data released February 2026 for the January 2026 period.
| Home Type | Home Price | Year-over-Year Change |
|---|---|---|
| All Home Types | $734,639 | -3.0% |
| Detached | $812,975 | -2.8% |
| Semi-Detached | $581,329 | -10.5% |
| Townhouse | $639,343 | -5.6% |
| Condo Apartment | $444,692 | -2.3% |
Average home price by area in Hamilton-Burlington
The table below shows the average home price for each area in the Hamilton-Burlington region in January 2026.
| Area | Home Price |
|---|---|
| Hamilton-Burlington Region | $787,579 |
| Hamilton | $734,639 |
| Burlington | $1,054,909 |
| Haldimand County | $643,500 |
Burlington is the most expensive area in the region at over $1 million, reflecting its proximity to Oakville and the premium placed on its lakefront communities. Hamilton’s urban core offers significantly more affordable options.
Hamilton-Burlington market metrics
Key market indicators for the Hamilton-Burlington region as of January 2026:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales (Hamilton) | 320 | — |
| Total Sales (Hamilton-Burlington) | 470 | — |
| New Listings | 1,203 | — |
| Active Inventory | 2,324 | — |
| Months of Supply | 3.2 | — |
| Average Days on Market | 57 | — |
| Sales-to-New-Listings Ratio | 39% | — |
With 3.2 months of supply and a sales-to-new-listings ratio of 39%, the Hamilton-Burlington market is in balanced territory, leaning slightly toward buyer favourability. The 57 average days on market gives buyers time to make considered decisions.
How much income would it take to afford a home in Hamilton?
This table shows how much household income it would take to afford a home based on January 2026 Hamilton home prices.
| Home Type | Home Price | Mortgage | Income Required |
|---|---|---|---|
| All Home Types | $734,639 | $587,711 | $160,194 |
| Detached | $812,975 | $650,380 | $175,076 |
| Semi-Detached | $581,329 | $465,063 | $130,848 |
| Townhouse | $639,343 | $511,474 | $141,875 |
| Condo Apartment | $444,692 | $355,754 | $104,897 |
To purchase the average detached home in Hamilton, a household would need an income of $175,076 — roughly $96,000 less than what’s needed in Toronto. Condo apartments offer the most accessible entry point at an income requirement of approximately $105,000.
The income to afford calculation uses the following inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 4.04%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month
- Heating costs of $150 per month
Key trends in the Hamilton housing market
Price correction since the 2022 peak
Hamilton experienced one of the sharpest price corrections among Ontario markets following the February 2022 peak. At the height of the market, Hamilton’s average home price exceeded $1 million. Prices have since declined significantly, with the January 2026 average of $734,639 sitting only 1.7% above where it was five years ago in January 2021. This steep correction has reset affordability to some extent, creating opportunities for buyers who were priced out during the overheated pandemic-era market.
Toronto spillover effect
Hamilton has been a major beneficiary of the “drive until you qualify” phenomenon, where Toronto-area buyers move further afield to find affordable housing. The GO Transit rail connection between Hamilton and Toronto’s Union Station has made commuting feasible, though transit times of 60–90 minutes are substantial. Planned GO rail expansion, including increased service frequency, could further strengthen this link and support demand.
Healthcare and education anchors
Hamilton’s economy is anchored by McMaster University (one of Canada’s leading research universities) and Hamilton Health Sciences (one of the largest hospital networks in Ontario). These institutions provide stable, well-paying employment that supports housing demand. McMaster’s growing research facilities and student population contribute to rental demand and neighbourhood vibrancy.
Downtown revitalization
Hamilton’s downtown has undergone significant revitalization in recent years, with new restaurants, art galleries, and mixed-use developments transforming previously underutilized areas. James Street North has become a cultural hub, and the city has attracted creative professionals and entrepreneurs seeking affordable urban living compared to Toronto.
Notable areas in Hamilton-Burlington
The Hamilton-Burlington region offers a wide range of neighbourhoods:
- Downtown Hamilton — An urban core undergoing revitalization with a growing arts and dining scene. Condo and apartment options are the most affordable in the region, with prices starting under $350,000.
- Westdale and Ainslie Wood — Near McMaster University, these neighbourhoods offer character homes and a village feel. Detached homes range from $650,000 to $1 million.
- Hamilton Mountain — A large elevated plateau offering a mix of post-war and newer suburban homes. Generally affordable with detached homes in the $600,000–$800,000 range.
- Dundas — A charming town within Hamilton known for its valley setting, waterfalls, and small-town atmosphere. Prices tend to run higher than the Hamilton average.
- Stoney Creek — A mix of older homes and newer developments on the eastern side of Hamilton. Moderate pricing with lake and escarpment access.
- Ancaster — An upscale suburb with larger lots and newer homes. Detached homes often exceed $900,000.
- Burlington — While part of Halton Region, it is included in RAHB statistics. Burlington’s lakefront neighbourhoods and established communities command premium prices, with averages over $1 million.
- Waterdown — A growing community within Hamilton offering newer family-oriented developments at moderate prices.
Affordability comparison: Hamilton vs. Toronto and other Ontario cities
Hamilton’s main appeal for homebuyers is its relative affordability compared to Toronto:
| City | Average Home Price | Income Required |
|---|---|---|
| Toronto (GTA) | $1,022,143 | $215,828 |
| Ottawa | $641,436 | $142,484 |
| Hamilton | $734,639 | $160,194 |
| Hamilton (Condo) | $444,692 | $104,897 |
While Hamilton is no longer the deep discount it was pre-pandemic, it still offers meaningful savings compared to Toronto — approximately $290,000 less for an average home. The condo segment at $444,692 provides an accessible option for first-time buyers.
Ontario land transfer tax in Hamilton
Hamilton buyers pay the Ontario provincial land transfer tax. Unlike Toronto, there is no additional municipal land transfer tax, which represents a significant saving.
| Purchase Price Bracket | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 to $250,000 | 1.0% |
| $250,001 to $400,000 | 1.5% |
| $400,001 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
On a home purchased at Hamilton’s average price of $734,639, the Ontario land transfer tax would be approximately $10,493. A Toronto buyer paying the same price would owe an additional ~$10,493 in municipal land transfer tax — a total saving of roughly $10,000 by buying in Hamilton.
First-time home buyers in Ontario receive a rebate of up to $4,000 on the provincial LTT. Use our land transfer tax calculator to estimate the exact amount.
Related Hamilton housing calculators
If you are buying a home in the Hamilton-Burlington area, these calculators can help you plan:
- Mortgage Calculator — Estimate monthly payments on a Hamilton home
- Mortgage Affordability Calculator — How much home can you afford?
- Income to Afford Home Calculator — Salary needed at Hamilton price points
- Mortgage Insurance Calculator — Calculate CMHC premiums for down payments under 20%
- Land Transfer Tax Calculator — Calculate Ontario LTT
- Closing Costs Calculator — Budget for all costs beyond the purchase price
- Mortgage Stress Test Calculator — Qualify under the stress test
- Mortgage Rates — Compare current mortgage rates
More housing market reports
- Ontario Housing Market — Provincial overview including all Ontario regions
- Toronto Housing Market — GTA market, 60 km east of Hamilton
- Waterloo Region Housing Market — Growing market 60 km west of Hamilton
- London Housing Market — Southwestern Ontario market
- Ottawa Housing Market — Ontario’s capital city market
- Canada Housing Market Overview — National trends, prices, and provincial comparisons
- First-Time Home Buyer Guide — Programs, incentives, and step-by-step buying process
Data Sources
The housing market data in this report is sourced from: