There were 805 home sales in Hamilton, Burlington, Haldimand County, and Niagara North in April, down 26% year-over-year and about 46% below typical numbers for the month. There were 2,043 new listings, resulting in a sales-to-new-listings ratio of 39%. At the same time, slower sales have increased months of inventory, which hit four months in April—the highest April since 2009. All these figures weighed on home prices in the region. The unadjusted benchmark price in the area was $803,700, down 1% month-over-month and about 6% year-over-year.
Cornerstone Association of Realtors® spokesperson for the Hamilton-Burlington area, Nicolas von Bredow, attributed uncertainty around tariffs and the federal election as factors “weighing” on the housing market last month.
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Let’s take a closer look at what happened in the local real estate market last month:
Hamilton Market Activity
| Variable | 2025 | Difference |
|---|---|---|
| Sales Activity | 511 | -20.4% |
| New Listings | 1,287 | 1.7% |
| Active Listings | 2,126 | 36.5% |
| Months of Inventory | 4.2 | 71.5% |
| Average Price | $791,384 | -3.2% |
| Median Price | $720,000 | -4.0% |
| Average Days on Market | 33.8 | 25.2% |
Burlington Market Activity
| Variable | 2025 | Difference |
|---|---|---|
| Sales Activity | 152 | -46.1% |
| New Listings | 405 | -13.1% |
| Active Listings | 619 | 40.4% |
| Months of Inventory | 4.1 | 160.4% |
| Average Price | $1,178,724 | 2.4% |
| Median Price | $1,010,000 | -4.2% |
| Average Days on Market | 26.2 | 26.1% |
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Sales Activity
Hamilton saw 511 home sales in April, down 20.4% over the same period last year. Burlington home sales were down 46.1%, with only 152 sales.
New Listings
New listings were slightly up in Hamilton last month. 1,287 homes hit the market in April, up 1.7% over last year. With 405 listings coming to market last month, Burlington’s new listings were down 13.1% compared to April 2024.
Active Listings
A steep decline in sales resulted in an influx of inventory last month. There were 2,126 active listings in Hamilton in April, up 36.5% year-over-year. There were 619 active listings in Burlington last month, up 40.4% over last year.
Months of Supply
Months of supply hit new highs this month. We saw 4.2 months of supply in Hamilton last month, up 71.5% over 2024. With 4.1 months of supply, Burlington’s figure was up 160.4% over last year.
Average Days on Market
In Hamilton, we saw 33.8 average days on market, up 25.2% over April 2024. Burlington came in slightly lower with an average of 26.2 days on market, up 26.1% over last year.
Average Prices
The average residential home price in Hamilton was $791,384, down 3.2% year-over-year. The average residential price in Burlington was slightly up by about 2.4% at $1,178,724
In the News
Mark Carney and the Liberal Party won the federal election by a narrow margin. Just missing out on a majority government, Mr. Carney’s party received 43% of the national vote. In his victory speech, Prime Minister Carney acknowledged the challenges ahead and spoke about working constructively with all parties across parliament.
Initial reports from Statistics Canada showed the economy might be hit harder by tariffs than expected. The national GDP contracted 0.2% in February and only experienced “slight growth” in March. Q1 annualized growth was at 1.5%, lower than predicted by the Bank of Canada.
Bank of Canada Governor Tiff Macklem said the central bank would be looking for “more clarity” around the inflationary impact of tariffs ahead of the next policy meeting on June 4.
Quarterly new condo sales in the Greater Toronto and Hamilton Area have hit a 30-year low. According to a new report from Urbanation, there were only 533 new condo sales in the area, the slowest quarter since 1995. Declining rents and resale value, record-high inventory, and a lack of consumer confidence are just a few of the factors weighing on the market right now.
A Look at What’s to Come
April showers are making way for May flowers, and the spring market is in full swing, with summer just around the corner.
Canada has elected a new Prime Minister, Mark Carney, and the Bank of Canada has chosen to hold interest rates steady for now, as expected.
Regardless of which side you were on, the end of the election brought relief to the market. With uncertainty easing, people will start getting back to business. Prime Minister Carney is also set to meet President Donald Trump next week to discuss Canada’s trade relationship. I still expect at least two rate cuts between now and Labour Day—possibly more.
Market-wide sales volume remains low, mostly due to the uncertainty around tariffs and the election. That said, I expect this hesitation to wear off and for activity to slowly pick up, even if the tariff issue drags on.
At Michael St. Jean Realty, our sales were up again in April. We continue to grow and outperform the market by double digits. It’s been a busy spring, and we’re feeling very optimistic about the months ahead.
Who you hire matters—choose wisely.
Are you thinking about making a real estate move in the near future? Call us at 1-844-484-SOLD or email us here for everything you need to know about buying and selling in this market.
