Buying a house in Hamilton costs $300K more than it did 6 years ago

In 2018, the average sale price of a home in the Hamilton was roughly $569,000, according to Realtors Association of Hamilton-Burlington (RAHB) data.

In 2018, the average sale price of a home in the Hamilton was roughly $569,000, according to Realtors Association of Hamilton-Burlington (RAHB) data. Last year, it was $885,000, which is higher than past years but lower than 2022.

"It's absolutely crazy," its president Nicolas von Bredow said.

He said people coming to Hamilton from pricier places to live, like the Greater Toronto Area, increased the local demand for homes, which raised the cost of homes in the city.

"Hamilton was a diamond in the rough," von Bredow said.

Realtors Association of Hamilton-Burlington data shows the number of homes sold has been falling since 2021.

In fact, the number of homes sold in 2023 was the lowest Hamilton has seen in 25 years.