Hamilton downtown continues transformation
Redevelopment along the core keeps drawing buyers priced out of the GTA. Character homes and condo conversions near James Street North are still seeing steady showing activity even in a softer market.
Market Report
August 2026 Market Analysis
What's Happening in the Market RIGHT NOW
Last updated: August 4, 2026
Key Market Metrics
Overall Market Condition
Buyer's Market
Supply outpacing demand across most of the region
Months of Inventory
5.0
Above the 4-month balanced-market threshold
Average Days on Market
35–40 days
Region-wide average for residential resale
Mortgage Rates
4.04% fixed
3.40% variable · 2.25% Bank of Canada policy rate
Community Breakdown
| Community | Avg Price | YoY Change | Days on Market | Condition |
|---|---|---|---|---|
| Hamilton | $746K | -10% | 38 | Buyer's |
| Burlington | $1.29M | -5% | 30–51 | Balanced |
| Milton | $1.07M | Stable | — | Growth |
| Cambridge | $728K | -3.5% | 36–41 | Balanced |
| Kitchener–Waterloo | $729K | -6.5% | 36–41 | Balanced |
| Guelph | $757K | Stable | 36–53 | Balanced |
What This Means
For Buyers
- You have leverage
- More homes available
- Less competition
- Well-priced properties are moving
For Sellers
- Price realistically
- Don't anchor to 2021–2022 prices
- Strategic pricing wins
The Data
12-Month Average Price Trend by Community
Average residential sale price, in thousands of dollars.
Months of Supply
Above 4 months favours buyers; below 2 months favours sellers.
Days on Market Comparison
Average days from list to firm sale.
Recent Market Insights
Milton remains strong for growth investors
Population growth and new-build supply hold values stable while other communities soften. Milton is the one market in the region trading essentially flat year-over-year.
Cambridge offers excellent value
At a $728K average with a balanced market and roughly 36–41 days on market, Cambridge gives move-up buyers more square footage per dollar than almost anywhere else in the region.
What does this mean for YOU?
Averages are a starting point — your street, your home and your timeline tell the real story. Let's look at your numbers together.
289.921.7492Updated monthly. Figures are regional averages compiled from local board reporting and are provided for general information only. Individual property values vary by neighbourhood, condition and timing — contact Amanda for an assessment specific to your home.