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 experienced a 91% year-over-year increase in home sales in February 2020. New listings were up year-over-year by 8.7%. Average sale price is up 19.9%. The Sales to New Listings Ratio (SNLR) is up 10.5% at 55%. SNLR at 55% or more indicates a seller’s market: there are more buyers than properties for sale.
This points to the ongoing housing supply issue in the GTA and suggests that market conditions continued to tighten which points toward an accelerating rate of price growth.
NOTE: includes all home types
|Average Sale Price||$1,182,731||$986,404||19.9%|
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