Photo: Joey Coleman from Hamilton, Canada · CC BY-SA 2.0An old town: 69% of the homes in Gibson predate 1961, where Ontario’s towns have 22%
In May 2021 the median owned home was worth $460,000 by its owner’s reckoning, the average one $492,562. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. For Gibson there is no published sale price, as for every town in Ontario.
Gibson’s homes, by two sources
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices.
median, owners’ estimate
- Average
- $493K
- Owners
- 1,210
- 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). · Area behind the assessed values, values by property type and building permits figures: the city of Hamilton
On the assessment roll, Hamilton’s houses sit 52% above 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.
43% of Gibson lives in apartments, where Ontario’s towns have 13%
The 2021 census counted 3,220 occupied homes in Gibson. 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
| Gibson | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 1% | 7% | 8% |
| Needing major repairs | 14% | 6% | 6% |
| Too small for the household | 11% | 5% | 3% |
| Households in core housing need | 26% | 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.
Building at the pace of Ontario’s towns: 16 new homes a year per 1,000 in Hamilton, against 15
Over 2018–2023, 20,374 homes were permitted in Hamilton, close to 3,396 each year. Very few were houses: 15% in single-unit buildings (Ontario’s towns: 66%). Nobody publishes monthly permits for Gibson alone, so this card uses the figure for the Hamilton metro area.
The busiest year: 2023, with 5,130 new homes
New homes a year per 1,000 homes
Up 8%: 3,048 new homes in the year to August 2026
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.
Gibson against Ontario’s towns: 34% under 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 Gibson: Industrial Sector A and Keith
The places around Gibson at the 2021 census: median and average value, and how many own.
Questions about property prices in Gibson
How many households in Gibson are in core housing need?
In Gibson, 26% of households are in core housing need, against 9% for Ontario’s towns: their home costs too much, is too small or needs major repairs, and nothing suitable nearby costs under 30% of their income.
Is Gibson expensive for Ontario?
Less than most: Ontario’s towns have a median of $695,000, and Gibson sits below it.
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).