Housing prices in Hamilton rose just over six per cent from January 2012 to January 2013, according to data released Friday by the Canadian Real Estate Association (CREA).
CREA's monthly news release shows the year over year percentage change for Hamilton and Burlington over the past year rose 6.5 per cent, from $340,047 to $362,023.
But housing prices did dip slightly from December 2012 to January 2013. Prices nudged downwards -0.6 per cent, $371,362 to $369,063.
Home sales nationwide picked up in about half of all local markets in January from the previous month, the report reads.
“There is little new to report about national sales activity, which continues to hold fairly steady at the lower levels first reached when mortgage rules were tightened in mid-2012,” said CREA President Wayne Moen.
“That said, things are becoming more interesting among local markets, with improving sales in Vancouver and Toronto likely to come as something of a surprise to some.”