Hamilton Real Estate + Market Update – November 2025
By Danielle Connelly
Hello friends, clients and neighbours! As we head into the final weeks of 2025, I wanted to bring you a fresh update on the real estate market here in the greater Hamilton, Ontario area — plus some recent national monetary headlines, a new local development to keep on your radar, and a fun upcoming holiday event to enjoy. Whether you’re buying, selling, thinking about investing or simply curious, here’s what’s happening.
1. Hamilton Market Snapshot
Here’s a look at where things stand in Hamilton’s housing market:
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The average home price in Hamilton for the most recent full month (Oct 2025) is approximately $790,693.
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According to another source, the average selling price in September 2025 stood at about $753,300, representing a roughly 9.4% year-over-year decline.
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For single-family homes the average was about $838,100 (down ~7.7% yr/yr), townhouses/multiplex ~$667,200 (~-6% yr/yr), condos ~$487,600 (~-6.3% yr/yr).
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The median days on market in late October for Hamilton homes was about 32 days.
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On the supply side, there were around 1,722 new listings in the last 28 days in Hamilton (as per the Zolo report).
What this means for you:
The market is showing signs of modest correction or stabilization. Prices have eased vs a year ago, which may present opportunity — especially for buyers who have been waiting on the sidelines. For sellers, it means proper pricing, staging and marketing remain very important. Days on market remain relatively short (in the low-30-day range) which suggests that well-priced homes still move. As your local realtor, I’m happy to dig into your specific neighbourhood (whether Hamilton Mountain, West Hamilton, Stoney Creek, Ancaster) and give a tailored update.
2. National Monetary Policy: Bank of Canada Update
Monetary policy from the Bank of Canada (BoC) is always relevant for homeowners, buyers and sellers, given its influence on borrowing costs, mortgage rates and economic sentiment. Here are the recent highlights:
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The BoC publishes its key policy interest rate (target for overnight rate) and recently showed: as of October 29, 2025, the target rate was 2.25%, a cut of 0.25% from the prior meeting. Bank of Canada+2Financial Times+2
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Earlier, on March 12, 2025, the BoC reduced its target rate by 25 basis points to 2.75%. Bank of Canada+1
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The BoC has indicated that while inflation has come close to its ~2% target, the economic outlook remains subject to uncertainty (global trade, growth). Bank of Canada+1
Take-away for real-estate:
Lower policy rates tend to feed into lower borrowing costs (though fixed mortgage rates also depend on bond yields, risk spreads, etc.). For buyers, this could mean slightly better affordability or willingness of lenders. For sellers, it means that buyers may still qualify but will be careful about value. It’s a time for strategic moves — whether you're locking in a mortgage renewal, entering the market or negotiating terms. If you’d like a mortgage-rate update or how your renewal might be affected, I’m happy to chat.
3. What’s New in Hamilton
I’m excited to share a positive development in our city:
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I’m also thrilled to highlight a major moment for downtown Hamilton: the newly renovated TD Coliseum will officially launch on November 21, 2025, and the legendary Paul McCartney will be the first performer in the newly-transformed venue. This concert marks a bold new chapter for the arena (formerly FirstOntario Centre) and sets a high-bar for the calibre of events Hamilton will host going forward. It’s a golden opportunity: for locals it means access to world-class live music in our city, and for anyone buying or investing in real estate nearby, it signals a boost in amenity value and downtown vibrancy.
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Also, the city announced that it exceeded its 2023-housing target and will receive over $17.5 million from the Province for its “Building Faster” housing fund, after starting construction on 4,142 housing units in 2023. City of Hamilton
Why this matters:
These kinds of infrastructure and housing supply signals are important for the real-estate market long-term. More housing units can relieve upward pressure on prices, and improved amenities / entertainment venues make neighbourhoods more attractive (which can bolster resale value). For my clients this means: neighbourhoods experiencing renewal, good upside potential, and opportunity to get in before changes mature.
4. Upcoming Holiday Event in Hamilton
To round things off on a cheerful note — here’s a great community event to mark in your calendar:
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The festive event Santa Shuffle Fun Run & Elf Walk 2025 in Hamilton is scheduled for December 6, 2025. It features a 5 K fun run and a 1 K elf walk, with participants encouraged to dress up in Santa suits or elf attire, and supports local charity programs. The Running Directory
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Another good one: Christmas in the Woods at Westfield Heritage Village (Rockton/Hamilton region) on Sunday December 7 & 14, from 10 am-4 pm. Great family outing. To Do Canada
Holiday tip: If you’re visiting open houses (or planning to sell) in December, remember: lighting, décor and staging for the holidays can make a strong impression — especially when couples or families imagine spending the next tree-lighting or run in their new home.
5. Final Thoughts & How I Can Help
The Hamilton real-estate scene is at an interesting junction. Slightly softer prices, steady days-on-market, supportive monetary policy — this creates potential opportunities for both buyers and sellers. My aim is to give you clarity, guidance and local insight. If you’re thinking of:
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Buying in Hamilton (first-time, upgrade, downsizing)
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Selling your home and want a custom market strategy
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Renewing a mortgage and wondering how rates + policy affect you
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Investing (rental properties, neighbourhoods with growth)
… Please reach out. I’d love to sit down with you (virtually or in-person) and map out a plan tailored to your goals.
Wishing you a wonderful November in Hamilton, and an early happy holiday season! If you’d like me to share more neighbourhood-specific stats (Ancaster, Stoney Creek, Hamilton Mountain etc.), just say the word.
Warm regards,
Danielle Connelly
Your Hamilton Real-Estate Partner
