Posted on
January 7, 2026
by
Travis Langeraap
Rather than focusing on average sale prices (which can swing based on what sells in a given month), I like to look at the MLS Housing Price Index (HPI). The HPI tracks the value of a typical home by adjusting for size, style, and features, making it one of the most reliable ways to measure real market movement.
Housing Price Index uses a benchmark home (a statistically typical home an an area) and determines its value at different times to see what the market is doing.
Example of a benchmark home is:
Detached benchmark:
3 bedrooms
2 bathrooms
~1,500–1,800 sq ft
Typical lot size
Average age for the area
This benchmark is not a real house — it’s a model.
Hamilton, Niagara, and Haldimand all report benchmark prices based on a typical home model. It removes distortion from luxury sales, acreage, or condo-heavy months and shows what values are really doing for the average buyer.
📊 Haldimand 12-Month HPI Trend (Single-Family Benchmark)
From 12 months ago to November 2025:
12 months ago: ~$693,900
November 2025: $675,800
📉 What this shows
Over the past year, the benchmark price for a typical single-family home in Haldimand County has:
Softened slightly, moving from about $693,900 → $675,800
That’s a modest drop, indicating that prices are largely stable with a mild cooling trend
Longer-term data (3- and 5-year figures) show that prices remain significantly higher than pre-pandemic levels
📊 Caledonia HPI – Averaged Benchmark (Single-Family)
November 2025 Benchmark Prices
Caledonia North East: $785,500
Caledonia North West: $631,100
Caledonia South East: $763,700
Caledonia South West: $646,800
👉 Average Caledonia Single-Family Benchmark: $706,775
On a 1-year basis, the averaged benchmark is down about 2.8% (≈$20,500) from November 2024, when it sat near $727,000.
Looking longer term, the 3-year benchmark is down roughly 4.7% (≈$34,700) from November 2022, when the average benchmark was approximately $741,500.
Hamilton Market Update – HPI Benchmark (Single-Family Homes)
The MLS® Housing Price Index (HPI) shows the benchmark price for a typical single-family home in Hamilton at $753,800 as of November 2025. The HPI adjusts for changes in home size, style, and features, making it a more reliable indicator of market direction than average sale price.
On a 1-year basis, Hamilton’s single-family benchmark is down approximately 7.7% (about $62,900) from November 2024, when it stood at $816,700. Looking longer term, the benchmark is down roughly 6.0% (about $48,200) compared to three years ago, reflecting a market that has cooled from peak levels but remains well above pre-pandemic pricing.
Where do we stand?
Here’s where single-family home benchmarks landed as of November 2025:
Hamilton: ~$754,000
▸ Down ~7.7% year-over-year
▸ Down ~6.0% compared to three years ago
Caledonia (average of all zones): ~$707,000
▸ Down ~2.8% year-over-year
▸ Down ~4.7% compared to three years ago
Cayuga: ~$635,000
▸ Down ~3.3% year-over-year
▸ Down ~5.6% compared to three years ago
Hagersville: ~$600,000
▸ Down ~3.1% year-over-year
▸ Down ~4.6% compared to three years ago
