The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
There were 779 home sales recorded via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone) in January 2026, representing a 7.0 per cent decrease month-over-month, and a 21.9 per cent decline year-over-year.
“As homes stay on the market longer and interest rates stabilize, opportunities for buyers continue to improve. Continued discussions with government leave us hopeful for reductions in development charges and removal of the HST on all new homes to introduce affordability and increase market activity,” says Bill Duce, CEO of Cornerstone.
Prices are down year over year in the HPI benchmark across Cornerstone areas, except in Norfolk County which experienced a slight year-over-year increase.
“While prices have fallen over the last year, homeownership continues to be out of reach for young Canadians in their local communities. Further programs to help prospective buyers are needed, and fees that add to the cost of new homes must be removed to improve the market,” continued Duce.
The Composite MLS® Home Price Index (HPI) Benchmark Price by market area:
| Area | HPI Benchmark January 2026 | Monthly % Change | Yr./Yr. % Change |
|---|---|---|---|
| Burlington | $853,800 | 0.2% | -12.9% |
| Cambridge | $676,300 | 0.3% | -8.7% |
| Haldimand County | $651,600 | -0.5% | -3.2% |
| Hamilton | $674,600 | 0.0% | -9.4% |
| Kitchener-Waterloo | $646,200 | 1.0% | -9.3% |
| Mississauga | $949,500 | -2.4% | -9.0% |
| Niagara North | $690,200 | -0.5% | -6.8% |
| Norfolk County | $568,300 | 0.5% | 0.5% |
There were 2,173 new listings added to Cornerstone’s MLS® System last month, a decline of 17.1 per cent year-over-year, and an increase of 113.2 per cent over December 2025. The sharp increase over December is typical due to the seasonal market fluctuations.
The total inventory across Cornerstone’s market areas increased 2.9 per cent over the previous month, and is 20.0 per cent increase year-over-year, resulting in a 3-month supply by the end of January. The number of months of inventory represents the time it would take to sell all current inventories at the current rate of sales.
The average days on the market across all Cornerstone market areas was 54 in January, which is the highest level in over ten years, and 20 days longer than the previous 10-year average for the month.
View our HPI tool to explore HPI or Benchmark Prices across property types and additional areas.
For in-depth market coverage, please follow these links:
Links to monthly Market Indicator Reports will be posted on the 5th of each month
Cornerstone cautions that average sale price information can help identify long-term trends but should not indicate that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Months’ Supply is the inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months. Those requiring specific information on property values should contact a local REALTOR®. Local REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for to get a complete picture of the property and community you’re considering.
Cornerstone Association of REALTORS® (Cornerstone) is a not-for-profit organization with over 325 years of collective service from its founding associations.
Established on July 1, 2024, Cornerstone leads with purpose, advocates boldly, and creates positive change for the success of our members throughout Burlington, Haldimand County, Hamilton, Mississauga, Niagara North, Norfolk County, Waterloo Region and surrounding areas.
With approximately 7,500 members, Cornerstone is the second-largest REALTOR® association in Ontario, dedicated to promoting the greater good of the real estate community.
More information at www.cornerstone.inc
SOURCE, CORNERSTONE ASSOCIATION OF REALTORS®
To learn more, visit CORNERSTONE ASSOCIATION OF REALTORS®
