Hamilton home prices are up nearly 10 per cent despite the COVID-19 pandemic, a new survey by Royal LePage has found. According to the Royal LePage House Price Survey released Thursday, the aggregate price of a home in Hamilton increased 9.1 per cent to $592,059 in the second quarter of 2020. Broken out by housing type, the median price of a standard two-storey home increased 9.7 per cent year-over-year to $616,992, and the median price of a bungalow increased 7.3 per cent year-over-year to $557,340. Ferrante said it's uncertain if the increased prices will last, and it's clear what is the real reason for the uptick. Nationally, the aggregate price of a home in Canada increased 6.8 per cent year-over-year to $673,072 in the second quarter.

Source: CBC News July 09, 2020 19:18 UTC