Ontario

Hamilton Retail Market Report 2025 — Prices, Cap Rates & Trends

In the Hamilton retail market, the median recorded sale price is $1,674,350, across 223 recorded transactions, between 2021-09-15 to 2025-12-22.

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$1.7M

Median sale price

223

Recorded transactions

-4.7%

YoY change in median

Price distribution

Where Hamilton retail sale prices sat across 223 recorded transactions.

Median sale price by year

4 of 5 years in the window carried enough recorded sales to plot a median for Hamilton retail.

Recorded transaction volume by year

Year	Recorded transactions
2021	2
2022	34
2023	58
2024	68
2025	61

This market vs. Ontario overall

Metric	Hamilton	Ontario
Median sale price	$1,674,350	$2,194,500
25th percentile	$1,200,000	$1,325,000
75th percentile	$2,975,000	$4,750,000
Recorded transactions	223	29,749
Year-over-year change	-4.7%	-5.5%

Asset classes in Hamilton

Asset class	Median price	Transactions
Industrial	$3.1M	236
Land	$3.9M	139
Multifamily	$1.8M	295
Office	$2M	120
Other	$1.8M	308
Retail	$1.7M	223

Retail across Ontario markets

Market	Median price	Transactions
Barrie	$2.6M	52
Belleville	$1.4M	26
Brantford	$1.7M	47
Greater Sudbury	$1.9M	37
Guelph	$2.4M	39
Hamilton	$1.7M	223
Kingston	$2M	57
Kitchener-Cambridge-Waterloo	$2M	158
London	$2.1M	139
Oshawa	$2.2M	72
Ottawa	$2.6M	199
Peterborough	$2.2M	27
St. Catharines-Niagara	$1.6M	151
Thunder Bay	$1.3M	25
Toronto	$2.1M	1,287
Windsor	$1.6M	102

Rental market context

The CMHC Rental Market Survey reports a 3.6% purpose-built rental vacancy rate for Hamilton (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	Hamilton, ON	$1.0M–$1.5M	Retail
2025-12	Hamilton, ON	$1.5M–$2.0M	Retail
2025-11	Burlington, ON	$1.5M–$2.0M	Retail

Municipality, month and price band only.

Common questions

What is the median retail sale price in Hamilton?

$1,674,350, across 223 recorded transactions in our dataset.

Are Hamilton retail prices rising or falling?

The median recorded sale price changed -4.7% year over year in the most recent full comparison.

Methodology

This page draws on 223 recorded commercial transactions in Hamilton between 2021-09-15 and 2025-12-22, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. 4 of 5 years carried enough sales to plot a median; the rest report volume only. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.