05/13/2026
📈 April 2026 Market Update: Hamilton & Surrounding Areas
The April numbers are in! We’re seeing a spring market with increasing inventory and steady demand across our local communities. Whether you’re looking in the city or the suburbs, here is the breakdown of what happened last month.
🏘️ Market at a Glance
• Hamilton: A surge in activity with 1,247 new listings and 451 homes sold. Prices for detached homes are averaging $851,378 🟢.
• Stoney Creek: Inventory is up (151 active listings), but sales were quieter with 21 homes sold 🔴.
• Grimsby: Solid growth in the detached sector at $951,904 🟢 with 89 new listings hitting the market.
• Waterdown: Continues to lead in value with detached homes averaging $1,284,500 🟢.
🌐 The Bigger Picture: Economic Indicators
Understanding the local market means looking at the national landscape. Here is where the Canadian economy stands as of April 2026:
• Interest Rates: The Bank of Canada held the policy rate steady at 2.25% ⏸️.
• Unemployment: Rose slightly to 6.9% in April as the labor market rebalances 📈.
• Inflation: Sitting at 2.4%, trending near the Bank’s target range ⚖️.
• GDP: Modest growth of 1.6% (Q1), showing a steady but cautious recovery 🚜.
• M2 Money Supply: Reached $2.79 Trillion, a 3.75% increase year-over-year 💵.
• Mortgage Defaults: Arrears remain historically low at approximately 0.28% 🛡️.
Thinking of making a move this spring? Let’s chat about how these numbers impact your specific goals!