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
| 2021 | Y/Y | M/M | |
|---|---|---|---|
| Sales | 233 | 191.3% | -16.8% |
| New Listings | 330 | 61% | -20.3% |
| Active Listings | 222 | -43.2% | -0.4% |
| Average Sale Price | $1,855,362 | 33.1% | -2.2% |
| SNLR | 70.6% | 31.6% | 3% |
Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)
oakville
oakville
May 2021 Summary
Oakville experienced a 191.3% year-over-year increase in home sales in May 2021. New listings were up year-over-year by 61%. Similarly, average sale price was up 33.1%. The sales to new listings ratio (SNLR) was up 31.6% to 70.6% indicating a seller’s market. SNLR at 55% or more indicates a seller’s market; there are more buyers than properties for sale. Month-over-month, Oakville experienced a decline in home sales and new listings at 16.8% and 20.3% respectively. Average sale price was down 2.2% versus April 2021. The rate of decline in new listings outpaced the rate of decline in sales causing SNLR to increase by 3% versus April.
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listings
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