Photo: P199 · CC BY-SA 3.049% of Lakeshore’s homes have been built since 2001, against 17% for Ontario’s towns
The middle home was worth $452,000 at the 2021 census, the average $579,904. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since. No open sale prices are published in Ontario, so for Lakeshore the census value is the measure.
What Lakeshore’s homes are worth, two ways
Every figure here is compared within the province, against Ontario’s towns, since each province assesses on its own terms. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices. Behind assessed values, values by property type and building permits sits data gathered across the city of Hamilton, with Lakeshore one part of it.
median, owners’ estimate
- Average
- $580K
- Owners
- 1,145
- 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).
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.
60% of Lakeshore lives in apartments, where Ontario’s towns have 13%
The 2021 census counted 1,585 occupied homes in Lakeshore. Summed from small census areas, a neighbourhood’s parts may add up to a little less than its total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Lakeshore | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 78% | 7% | 8% |
| Needing major repairs | 3% | 6% | 6% |
| Too small for the household | 5% | 5% | 3% |
| Households in core housing need | 11% | 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
From 2018 to 2023, permits in Hamilton created 20,374 homes, about 3,396 a year. Only 15% went into single-unit buildings, beside 66% for Ontario’s towns. Lakeshore shares its monthly permits numbers with the rest of the Hamilton metro area.
Most in 2023: 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.
Lakeshore is 35% below the $695,000 median of Ontario’s towns
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.
Lakeshore’s neighbours by home value
The places around Lakeshore at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Lakeshore | $452K | $580K | 72% | |
| Eastdale | $650K | $701K | 92% | 1.6 |
| Poplar Park | $800K | $752K | 93% | 1.7 |
| Guernsey | $695K | $681K | 94% | 1.8 |
| Riverdale East | $745K | $660K | 73% | 2.1 |
| Westmeria | $600K | $720K | 93% | 2.4 |
| Highway Valley | $800K | $823K | 93% | 2.9 |
Census 2021 values; km.
Questions about property prices in Lakeshore
Is Lakeshore expensive for Ontario?
Less than most: Ontario’s towns have a median of $695,000, and Lakeshore sits below it.
How many households in Lakeshore are in core housing need?
In Lakeshore, 11% of households are in core housing need, close to the 9% of Ontario’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
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).