Oakville

established 1857

discover
DISCOVER

Oakville

The Town of Oakville is a beautiful lakeside town with a strong heritage, preserved and celebrated by residents and visitors alike. Founded in 1857, this thriving municipality of about 201,200 residents has become one of the most coveted residential centres in Ontario, and for good reason: quality schools, proximity to Lake Ontario and recreational areas, easy access via QEW, 403, 407 and GO Transit, and charming shopping districts in the downtown core.

Oakville was ranked number one on MoneySense.ca’s Canada’s Best Places to Live 2018.

april 2019
April 2019

Market stats

City Average Sale Price Active Listings New Listings Sales Sales to New Listings Ratio Months of Inventory
Toronto $1,355,764 2,126 2,050 982 48% 2.16
Mississauga $1,115,033 715 662 317 48% 2.26
Georgetown $884,780 156 135 65 48% 2.40
Milton $858,954 183 197 123 62% 1.49
Oakville $1,332,573 642 477 181 38% 3.55
Burlington $960,274 340 285 157 55% 2.17
evaluation
evaluation

market conditions

seller’s market

0-4 months of inventory

  • all current listings can expect to be sold within 4 months

sales-to-listings ratio is 55% or more

  • more buyers than properties for sale

balanced market

5-8 months of inventory

  • all current listings can expect to be sold within 5 to 8 months

sales-to-listing ratio is between 34% and 54%

  • about the same number of properties for sale as there are buyers

buyer’s market

9 or more months of inventory

  • it would take 9 months or longer for all current listings to be sold

sales-to-listing ratio is 35% or less

  • more properties for sale than there are buyers
summary
summary

Market update

Oakville experienced an 18.30% year-over-year increase in home sales in April 2019. New listings were also up year-over-year by 9.91%. The annual growth rate for new listings is not keeping pace with sales. However, the sales to new listings ratio was only 38% – balanced but leaning toward a buyer’s market. With almost 4 months of inventory, all indicators point to a buyer’s market in Oakville in April.

april 2019
April 2019

Year-Over-Year Summary

2019 2018 % Change
Sales 181 153 18.30%
New Listings 477 434 9.91%
Active Listings 642 649 -1.08%
Average Sale Price $1,332,573 $1,338,062 -0.41%
listings
listings

Area listings


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