#JanuaryStats
| “…Overall, sales, new listings and inventory levels all trended down through the beginning of 2025, with figures remaining below long-term trends. While all areas in the region saw a dip in sales, Haldimand County stood out with a slight improvement over last year. Burlington, however, reported a more significant decline than Hamilton.
‘While we are seeing some short-term challenges in the market, the rise in inventory and the slight increase in benchmark prices reflect a market that remains adaptable,’ says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. ‘As we move further into 2025, we remain optimistic. Buyers and sellers are taking a more measured approach, but the strength of our housing market, particularly in areas like Haldimand County, shows there are opportunities in every corner of the region.’
Despite recent interest rate cuts by the Bank of Canada, the expected impact on mortgage lending rates has been limited. Heightened economic risks are continuing to keep consumer confidence in check, which has resulted in a cautious start to the year and has dampened demand.
However, new listings continue to rise relative to sales, causing the sales-to-new-listings ratio to fall to 40 per cent, marking the lowest January start since 2011. This increase in supply is contributing to inventory gains and pushing months of supply above four months.
Though the uptick in new inventory has prevented any significant movement in benchmark prices, the market has shown some variation. As of January, the regional benchmark price was $819,500—nearly one per cent higher than last year. However, this overall increase has been primarily driven by growth in detached homes, semi-detached units, and row properties. Apartment-style units have experienced declines in pricing, reflecting the ongoing market shifts…” |
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