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.

market update
market update

Comparative Analysis

  2022 Y/Y M/M
Sales 157 -43.9% -32.0%
New Listings 360 -13.0% -16.1%
Average Sale Price $2,146,994 13.1% -9.1%
Median Sale Price $1,930,000 16.9% -6.3%
SNLR* 43.6% -24.0% -10.2%

Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)

*SNLR (Sales-to-New-Listings-Ratio)

  • SNLR at 55% or more indicates a seller’s market; more buyers than properties for sale
  • SNLR between 34% and 54% indicates a balanced market; about the same number of properties for sale as there are buyers
  • SNLR at 35% or less indicates a buyer’s market; more properties for sale than there are buyers
oakville
oakville

April 2022

The Toronto Regional Real Estate Board (TRREB) has released its latest market stats, which show a 30 percent decline in sales compared to the record result of 15,628 in March 2021. Month-over-month the average selling price dipped slightly to $1.3 million for all housing types.

New listings were also down on a year-over-year basis, but by a much lesser annual rate than sales. This suggests that while market conditions remained very tight, homebuyers did not experience the same level of competition from other buyers compared to a year earlier.

“Competition between homebuyers in the GTA remains very strong in most neighbourhoods and market segments. However, we did experience more balance in the first quarter of 2022 compared to last year. If this trend continues, it is possible that the pace of price growth could moderate as we move through the year,” said TRREB Chief Market Analyst Jason Mercer.

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listings

Area listings

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