According to the latest housing market update from the Cornerstone Association of Realtors, the Hamilton-Burlington market area is “showing strong spring momentum.”
Bill Duce, who serves as Cornerstone’s Chief Executive Officer, said, “As the market transitions from winter to spring conditions, sellers benefit from increased activity and fewer days on average to sell their home, while buyers have more options to explore with higher inventory levels.”
The update says that Hamilton saw 448 sales in March 2026, which is down 3.7 per cent compared to March 2025.
The number of new listings also slowed, standing at 1,072, down 7.9 per cent year over year.
The median sale price in Hamilton also fell to $659,900, which is 7.7 per cent lower than in 2025.
In terms of inventory, there were 1,792 homes on the market (down 5.4 per cent year-over-year), 3.9 months of supply (up 0 per cent), and listings are spending an average of 45 days on the market (up 32.4 per cent).
Broken down by housing type, the single-family market saw 280 sales in March (down 10.8 per cent year-over-year), 692 new listings (down 7.2 per cent), and a median sale price of $722,500
Meanwhile, the townhouse/condo market saw 168 sales in March (up 11.3 per cent year-over-year), 380 new listings (down 9.1 per cent), and a median sales price of $578,750 (down 9.6 per cent).
Average sale prices for March were $720,242 across all property types (down 8.8 per cent year-over-year), $806,928 for single-family homes (down 7.8 per cent), $648,425 for semi-detached homes (down 7.2 per cent), $630,671 for townhouses (down 7.3 per cent), $388,264 for condos (down 15.7 per cent).
The average sale prices in Hamilton in March, broken down by region, were $508,165 in Hamilton Centre (down 6.4 per cent year-over-year), $577,508 in Hamilton East (down 5.6 per cent), $699,718 in Hamilton West (down 1.5 per cent), $696,309 on Hamilton Mountain (down 5.9 per cent), $802,596 in Stoney Creek (down 2.0 per cent), $811,530 in Glanbrook (down 8.4 per cent), $880,000 in Waterdown, $918,646 in Dundas (down 7.6 per cent), $1,120,072 in Ancaster (down 4.2 per cent), and $1,254,612 in Flamborough (down 1.1 per cent).
In terms of interest rates, the Bank of Canada maintained its target for the overnight policy rate at 2.25 per cent on March 18. This was the third pause in a row.
Several major banks have predicted that the policy rate will remain at 2.25 per cent through 2026.
The next Bank of Canada policy interest rate announcement is expected on Wednesday, April 29.
Based in Hamilton, he reaches hundreds of thousands of people monthly on Facebook, Instagram, TikTok, and Twitter. He has been published in The Hamilton Spectator, Stoney Creek News, and Bay Observer. He has also been a segment host with Cable 14 Hamilton. In 2017, he received the Chancellor Full Tuition Scholarship from the University of Ottawa (BA, 2022). He has also received the Governor General’s Academic Medal. He formerly worked in a non-partisan role on Parliament Hill in Ottawa.
