Hamilton, ON (April 3, 2025) – Sales in the Hamilton, Burlington, Haldimand County and Niagara North market areas fell to 701 units in March, marking the lowest level reported for that month since 2009. By the end of the third quarter, the total number of sales reached 1,854, which was 27 per cent lower than last year’s levels. While Hamilton, Burlington, and Niagara North all experienced significant double-digit declines in sales, Haldimand County’s sales were only slightly lower than the previous year.  

“Continued uncertainty about tariffs and retaliatory tariffs is impacting housing activity,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “These challenges have slowed sales throughout the first quarter. However, softening prices and higher inventory levels are giving buyers in the market added time and options.”  

The overall pullback in sales during March was accompanied by a significant increase in new listings, maintaining the sales-to-new listings ratio relatively low at 40 per cent. This lower ratio resulted in further inventory gains, keeping the months of supply at four months, notably higher than the levels typically reported in March. 

Rising supply choice combined with easing demand weighed on home prices across all property types. In March, the unadjusted total residential benchmark price was $811,000, dipping one per cent compared to February and five per cent below levels reported last March.