Another home in Hamilton has sold at a significant loss.
Hamilton has been experiencing price drops for over a year now.
Last month, it was one of five major cities to see year-over-year declines in property values, according to a House Price Index report from Wahi, a Canadian real estate platform, and Real Property Solutions, which provides property valuation services. The price index for Hamilton decreased by six percent last month.
The Realtor Association of Hamilton-Burlington also reported an annual decline of five percent in its December 2025 findings. For 2025, the average benchmark price in Hamilton was $718,708, down five percent compared to the previous year.
Homes in Hamilton are selling for large losses. A century-old brick home sold for a 44 percent loss last November. Another property went for $480,000 less than its purchase price. Additionally, another house experienced a staggering 52 percent loss.
This latest case involves a small bungalow that was bought for $950,000 back in January 2022, according to online real estate records.
A real estate photo shows the home before renovations in 2021. Photo: Re/Max Escarpment Realty Inc.
Purchased in September 2021 for $601,000, the house underwent some renovations before being re-listed just months later in January 2022.
The home after renovations in 2022. Photo: Re/Max Escarpment Realty Inc.
This week it sold for $521,000-less than what it cost back in 2021-resulting in a loss of $429,000.
“4 years ago, someone bought this tiny Hamilton house for almost $1 Million…” real estate commentator Shazi Goalie shared on X.
The three-bedroom residence features two bathrooms and includes a finished basement along with a detached garage.
4 years ago, someone bought this tiny Hamilton house for almost $1 Million…. pic. twitter. com/v DIs Lsb FMQ
– Shazi (@Shazi Goalie) March 19, 2026
Lead photo: Google Maps
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A real estate photo shows the home before renovations in 2021. Photo: Re/Max Escarpment Realty Inc.
Purchased in September 2021 for $601,000, the house underwent some renovations before being re-listed just months later in January 2022.
The home after renovations in 2022. Photo: Re/Max Escarpment Realty Inc.
This week it sold for $521,000-less than what it cost back in 2021-resulting in a loss of $429,000.
“4 years ago, someone bought this tiny Hamilton house for almost $1 Million…” real estate commentator Shazi Goalie shared on X.
The three-bedroom residence features two bathrooms and includes a finished basement along with a detached garage.
4 years ago, someone bought this tiny Hamilton house for almost $1 Million…. pic. twitter. com/v DIs Lsb FMQ
– Shazi (@Shazi Goalie) March 19, 2026
Lead photo: Google Maps
INsauga’s Editorial Standards and Policies
Last 30 Days: 33,874 Votes
All Time: 1,263,463 Votes
925 VOTES
Source link
