HAMILTON ONTARIO REAL ESTATEHOUSE and CONDO PRICES2019 PROPERTY FORECAST

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May 2019

In December 2018 as well as previous months November and October housing sales in Hamilton and Burlington dropped approximately 17%.

Sales of single family properties in December 2018 fell by 25 per cent but the average sale PRICE increased by 0.5%.

Townhouse sale activity also dropped by 36% but an average townhouse price rose by 8%.

Condominium or apartment style property sales, however, slightly rose by 3.1% in November 2018 but in December sales were essentially the same. However, the average sale price increased by 6.8%.

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Hamilton and Burlington real estate market saw a decrease in sales and an increase in average house price. However, individual communities like: Ancaster, Stoney Creek, Dundas experienced variances, especially when comparing different styles of properties.


AVERAGE HOUSE PRICE DECEMBER 2018
  ANCASTER $768,692
  HAMILTON MOUNTAIN $472,743
  DUNDAS$525,272
  HAMILTON EAST$372,279
  STONEY CREEK $528,685
  HAMILTON WEST$537,996
  HAMILTON CENTRE$374,141
  WATERDOWN$629,688


2019 HAMILTON HOUSING OUTLOOK

The CMHC is predicting homes in Hamilton and areas sales to jump up between 11 to 18 per cent.

The average price is expected to grow between 4 to 10 per cent.

Condo or apartment-style properties sale will most likely be booming in the region.

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