Hamilton CMA

Key Points

  • Housing starts in Hamilton CMA have declined significantly compared to the same point in previous years. Starts of rental apartments are holding up better than ground-oriented or condo apartment homes.

  • In the CMA, for municipalities with provincial housing supply targets, overall grades, relative to performance over the same period (2021-2024) are:

  • The decline in new home construction is starting to be felt in the labour market. The decline in housing starts, compared to the previous four-year average at this point in the year, is estimated to have reduced the number of jobs in Hamilton by 1,931. In Burlington, in contrast, 222 jobs have been added, largely driven by higher starts of condo apartments.

Housing starts

Figure 1: Year-to-date housing starts by dwelling type, Hamilton CMA

New home sales

Figure 2: Year-to-date new home sales by dwelling type, Hamilton CMA