Homes in Buchanan are worth a median $700,000
Some 940 owner households gave their home’s value to the 2021 census. No sales are published for towns in Ontario, Buchanan included, so owners’ values are the measure. Assessors valued the median residential property at $353,000 for 2024. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices. Nobody publishes assessed values, values by property type and building permits for Buchanan alone, so this card uses the figure for the city of Hamilton.
What Buchanan’s homes are worth, two ways
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $740K
- Owners
- 940
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Houses in Hamilton carry assessments 52% over the middle of Ontario’s towns
Of Hamilton’s 178,695 residential properties on the 2024 roll, 71% are detached houses and 6% are condos.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
A town of houses: 93% of the homes in Buchanan stand alone (Ontario’s towns: 60%)
Buchanan had 1,135 occupied homes at the 2021 census. Half went up before 1981. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Buchanan | Ontario | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 7% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | 10% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Hamilton ran at 16 homes a year per 1,000, near the 15 of Ontario’s towns
Hamilton issued permits for 20,374 new homes from 2018 to 2023, or about 3,396 a year. Apartments and other multi-unit buildings dominate: only 15% were single-unit, against 66% for Ontario’s towns.
A peak in 2023: 5,130 new homes
New homes a year per 1,000 homes
Rising: 3,048 new homes in the 12 months to August 2026, 8% more
Measured across the Hamilton metro area: monthly permits
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Buchanan against Ontario’s towns: about level with the $695,000 median
871 of Ontario’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Buchanan: Rolston, Balfour and Greeningdon
The places around Buchanan at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Buchanan | $700K | $740K | 82% | |
| Westcliffe East | $750K | $784K | 85% | 0.9 |
| Rolston | $650K | $606K | 56% | 1 |
| Gilbert | $695K | $655K | 64% | 1.2 |
| Balfour | $645K | $604K | 62% | 1.4 |
| Kirkendall South | $900K | $974K | 80% | 1.7 |
| Greeningdon | $600K | $608K | 55% | 1.8 |
Census 2021 values; km.
Questions about property prices in Buchanan
How many households in Buchanan are in core housing need?
In line with Ontario’s towns (9%): 10% in Buchanan, counting the households whose home falls short on cost, size or repair.
Is Buchanan expensive for Ontario?
In the middle: Ontario’s towns come to $695,000, and so, near enough, does Buchanan.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).