Policy2.25%Prime4.45%5Y posted6.09%
BOC · Official series

V105 CITY PROFILE · ON

Hamilton

Balanced rental + rising prices · baseline updated February 2026.
Market trends →
Benchmark price$805,000 5.6%
Average 2BR rent$1,6563.6% vacancy
Estimated mortgage$4,185/mobaseline assumption
Population785.2K2021 census baseline

Market scores

Affordability31

Relative purchasing accessibility compared with local incomes.

Rental competition28

Higher scores indicate a tighter rental market.

Investment potential15

Composite yield, growth and market-balance signal.

New construction9

Recent housing construction and permit momentum.

Market activity60

Price movement and buyer-activity conditions.

Buyer demand19

Population, migration and housing-demand pressure.

Housing supply45

How closely housing supply is keeping pace with demand.

Overall score37

Combined market, affordability, supply and demand rating.

Housing economics

Price-to-rent ratio
40.51
Gross rent yield
2.47%
Payment-to-rent ratio
2.527×
Building permits
$148M
Stress-test rate
8.09%
Historical payment median
$4,736