Oakville

established 1857

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DISCOVER

About 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.

oakville
oakville

September 2020 Summary

The Toronto Regional Real Estate Board reported the following for the GTA for the month of September 2020:

  • The AVERAGE SALE PRICE in September 2020 was up by 14% year over year
  • The NUMBER of SALES was up by 42.3% compared to September 2019

Three take-aways:

  1. Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses.
  2. The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth.
  3. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto.

To help decipher the data in the adjacent table (including data for detached only), when the Sales to New Listings Ratio (SNLR) is:

  • 55% or more = SELLER’S MARKET = more buyers than properties for sale
  • Between 36% and 54% = BALANCED MARKET = about the same number of properties for sale as there are buyers
  • 35% or less = BUYER’S MARKET = more properties for sale than there are buyers
market update
market update

Year-Over-Year Summary

2020 2019 % Change
Sales 256 115 122.6%
New Listings 396 400 -1.0%
Active Listings 394 618 -36.2%
Average Sale Price $1,753,764 $1,491,263 17.6%
SNLR 64.6% 28.8% 35.9%

 

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listings

Area listings


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