Houses for Sale in Hamilton, ON

Hamilton's most popular neighbourhoods are Glanbrook, Waterdown and Flamborough. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

The priciest neighbourhoods in Hamilton are Summit, Carlisle and Old Mill - Hamilton. Strata.ca looks at historical data to calculate the average sale price for every neighbourhood. If you're looking for value, Hamilton's priciest neighbourhoods may not be ideal. Instead, check out Gourley, Valley Park and Hannon North for other alternatives.

Every city has neighbourhoods where property values tend to be cheaper - and in Hamilton they are Industrial Sector C, Industrial Sector D and Industrial Sector B and Keith. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Many properties in Hamilton's least expensive neighbourhoods are selling below the city's average of $902,398.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Hamilton. This tax helps fund many local services, such as snow removal, fire protection, and much more. Property tax rates are assessed and determined annually by your municipality. They usually fall somewhere between 0.5 to 2.5%. Some Hamilton residents assume they'll pay more in taxes, depending on the size of their home. However, that's not necessarily true as the city's tax rate is multiplied by the property's current market value - and that can change each year based on the sale of nearby homes. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.

The go-to website for your Hamilton real estate search is Strata.ca, which showcases every property available, so you'll never miss an opportunity. But why settle for basic property details when you could unlock Hamilton's real estate history! From the average sale price to appreciation rates - Strata.ca gives you the power to learn every aspect of the neighbourhoods you're interested in.

With a walk score of 46, Hamilton is a city that often requires a car to get around. The transit score, meanwhile, is 43, indicating that this city offers a notably smaller public transportation network. And the bike score comes in at 48.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Hamilton. These fees are standard in real estate, but can still catch you off guard if you're unprepared. Closing costs cannot be rolled into your mortgage. But rather, these are charges paid upfront on the day of closing. To be safe, budget about 2% of the purchase price. For instance, if you're buying a Hamilton house for $800,000 - then at least $16,000 should be set aside. In Canada, regardless of where you purchase, all buyers must pay a land transfer tax. These amounts are set up by the individual provinces, with some municipalities imposing a second tax upon closing. If this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. A real estate lawyer is necessary to finalize any purchase in Hamilton, so you'll want to include their fees in your closing costs. Real estate lawyers have varying rates, but many agents will recommend you budget about $2,000 to cover their fees.