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 17% year-over-year increase in home sales in January 2020. New listings were down year-over-year by 16.7%. Average sale price is up 5.2%. The Sales to New Listings Ratio (SNLR) is up 8% at 52.9%. SNLR between 34% and 54% indicates a balanced market: about the same number of properties for sale as there are buyers. The year over year growth rate in number of sales kept pace with the rate of decline in number of new listings. If this trend continues, Oakville will soon tip the scale back into a seller’s market.
|Average Sale Price||$1,104,796||$1,050,038||5.2%|
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