Photo: JFVoll · CC BY-SA 4.043% of Spring Valley’s homes have been built since 2001, against 17% for Ontario’s towns
In May 2021 the median owned home was worth $900,000 by its owner’s reckoning, the average one $974,388. What homes sold for in Spring Valley isn’t public: no sale figures are released in Ontario. Assessors valued the median residential property at $353,000 for 2024. Ontario’s assessments are still on MPAC’s values of 1 January 2016, far below today’s prices, so they compare only with other Ontario towns. For assessed values, values by property type and building permits, the only official count covers all of the city of Hamilton, Spring Valley included.
Spring Valley’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. No sale stands behind these values: owners named them at the census of May 2021.
median, owners’ estimate
- Average
- $974K
- Owners
- 1,390
- 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.
Spring Valley’s homes: when they went up and what they are
The 2021 census counted 1,495 occupied homes in Spring Valley; 69% of them are single-detached houses. 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
| Spring Valley | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 19% | 7% | 8% |
| Needing major repairs | 2% | 6% | 6% |
| Too small for the household | 1% | 5% | 3% |
| Households in core housing need | 4% | 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. Multi-unit buildings took most: single-unit ones were just 15%, where Ontario’s towns built 66%. Behind monthly permits sits data gathered across the Hamilton metro area, with Spring Valley one part of it.
Most 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
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.
Spring Valley against Ontario’s towns: 29% over 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 Spring Valley: Shaver
The places around Spring Valley at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Spring Valley | $900K | $974K | 93% | |
| Leeming | $900K | $900K | 94% | 1.3 |
| Shaver | $700K | $841K | 89% | 1.3 |
| Garner | $980K | $1.07M | 85% | 2.7 |
| Sulphur Springs | $1M | $1.18M | 90% | 4 |
| Marritt | $900K | $945K | 90% | 4 |
| Oakes | $900K | $927K | 95% | 4.4 |
Census 2021 values; km.
Questions about property prices in Spring Valley
How many households in Spring Valley are in core housing need?
Statistics Canada puts 4% of Spring Valley’s households in core housing need, a smaller share than the 9% of Ontario’s towns.
Is Spring Valley expensive for Ontario?
More than most: Ontario’s towns have a median of $695,000, and Spring Valley sits above 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).