The Cornerstone Association of Realtors® reported 886 sales across Hamilton, Burlington, Haldimand, and Niagara North in July. This is up 5.5% year-over-year in the region, but still contributed to a 16% dip in the 10-year quarterly average.
In general, sales are lower than normal, which is putting more downward pressure on home prices, according to Cornerstone spokesperson Nicolas von Bredow. Although the Bank of Canada kept interest rates as-is in July, von Bredow says the “uptick” in sales is a hopeful sign of market recovery for buyers entering the market.
There were slightly fewer new homes listed in July; however, months of supply still remained high at 4.4 months. The unadjusted benchmark price for the region was $763,700, down month-over-month and about 9% down over the previous year.
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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 | 529 | 2.3% |
| New Listings | 1,257 | 0.7% |
| Active Listings | 2,506 | 25.4% |
| Months of Inventory | 4.7 | 22.5% |
| Average Price | $767,654 | -2.9% |
| Median Price | $690,000 | -3.4% |
| Average Days on Market | 37.9 | 35.7% |
Burlington Market Activity
| Variable | 2025 | Difference |
|---|---|---|
| Sales Activity | 210 | 20.7% |
| New Listings | 389 | -0.5% |
| Active Listings | 732 | 20.8% |
| Months of Inventory | 3.5 | 0.1% |
| Average Price | $1,116,820 | 2.1% |
| Median Price | $1,020,500 | 7.6% |
| Average Days on Market | 35.7 | 32% |
The real estate market is always changing. Before buying or selling, make sure you’re up-to-date on the latest insights. Read our past market report blogs right here.
Sales Activity
Sales in Hamilton were up 2.3% last month, with 529 residential sales. Home sales in Burlington were up 20.7% year-over-year, with 210 sales.
New Listings
1,257 new listings hit the market in Hamilton in July, up 0.7% over July 2024. New listings in Burlington were down about 0.5% in July, with 389 new listings coming to market.
Active Listings
Inventory, or active listings, in Hamilton was up 25.4% in July, with 2,506 active homes on the market. Burlington saw similar gains with 732 active listings in July, up 20.8% over last year.
Months of Supply
Months of supply remain elevated in both Hamilton and Burlington. In Hamilton, there were 4.7 months of supply, up 22.5% over 2024. Burlington saw a slight increase. At 3.5 months, it was up just 0.1% over last year.
Average Days on Market
The average days on market for a listing in Hamilton was 37.9 days in July, up 35.7% over July 2024. In Burlington, the average days on market was 35.7, up 32% year-over-year.
Average Prices
The average residential price in Hamilton was $767,654 in July, down 2.9% from last year. In Burlington, the average residential price was $1,116,820, which was up slightl, about 2.1% over last year.
In the News
The Bank of Canada held its policy rate at 2.75% at its July meeting. The decision was expected by most economists amid growing trade uncertainty with the US. Although this was the third consecutive interest rate hold, bank officials suggested more rate cuts could be on the horizon.
US President Donald Trump gave Mexico a 90-day extension at the current tariff rate to allow for more negotiations. At the same time, he announced a 10% increase on some Canadian imports, bringing the duty from 25% to 35%.
The Toronto Regional Real Estate Board announced July was the “hottest” housing market since the pandemic. With 6,100 residential sales, it was the highest level seen since 2021.
Initial results from Canada’s second-quarter economic report point to an economy that is holding strong in the face of tariff uncertainty and other political variables. Among a wide range of other insights, the report highlights the largest increase in jobs in the Canadian labour market in six months.
A Look at What’s to Come
It’s August, and summer is flying by. In just a few weeks, it’ll be Labour Day, the kids will be heading back to school, and the fall market will officially kick off.
At its July meeting, the Bank of Canada chose to hold interest rates steady once again. While they cited uncertainty around tariffs and potential inflationary pressures, they noted that the worst-case scenarios now appear unlikely. With inflation risks easing, the Bank may have room to resume cutting rates if the economy continues to soften.
By now, we had expected more clarity on trade negotiations between Canada and the U.S. However, as of the writing of this, there is still no deal. In fact, President Trump has just raised tariffs on non-USMCA goods to 35%. It’s important to remember that, according to the Bank of Canada, only about 5% of Canadian goods are subject to these tariffs — a relatively small portion.
The fall real estate market is almost here, and we expect activity to pick up. How much it picks up may depend on whether a trade deal is reached and what the Bank of Canada decides at its next rate meeting in September.
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.
