|Period||$ Change||% Change|
155 condos were listed for sale in Oakville in March 2019 an (87% increase) over the number of condos listed in March of 2018. A regular slow start to buyer trends was noticed in early 2019. A 19% decrease in number of 1 & 2 Bedroom condos sold between January-March 2019, when compared to data in 2018. There were No Decrease in Sales comparisons for 3 bedroom condos. Buyer Trends for Oakville Condo market suggest a regular (expected) slow start to the New Year winter months. As expected Spring 2019 condo market stability is expected.
The monthly growth of the value of homes on the Oakville real estate market is 7.6%. The quarterly increase in the value of residential properties in Oakville, according to the March 2019 reports is 17.1%. Reports on the sales activities carried out in the real estate market of Oakville in March 2019 also show that there has been a yearly improvement of 8.4%.
Located about 30 km away from Toronto, Oakville is a city that is known for its quality of life, with a small town feel and a diverse community that exudes a lot of warmth. Oakville is part of the Greater Toronto Area and known as one of the higher populated cities in the GTA with a population of 193,832. The city has about 1,500 hectares of parkland making it one of the most beautiful lakeside living cities in the Greater Toronto Area.
Oakville Bounded by Toronto and Hamilton, Oakville is an especially beautiful town known for its trendy neighbourhoods, high-quality dining & a variety of shopping options including a vibrant arts community. Oakville is also known as one of the best cities to live in Canada. Its residential appeal is also enhanced by numerous features. These features include the accessibility to Toronto amongst other notable locations through the available highways. There is also plenty of greenery as parks, playgrounds, sportfields and garden plots amongst other facilities
Oakville also has a wide range of educational facilities to support its residential population. The educational institutions in Oakville include Sheridan College of Science and Advanced Technology, Chisholm Academy, Appleby Academy and St. Thomas Aquinas Secondary School. Sheridian College of Science and Advanced Technology is the only tertiarty institution in Oakville. The educational sector of Oakville is managed by the Halton District School Board, Conseil scolaire Viamonde, Halton Catholic District School Board and Conseil scolaire catholique MonAvenir and has a mix of public and private institutions. Public schools students can register for the International Baccalaureate Program at White Oaks Secondary School and St. Thomas Aquinas Catholic Secondary School.
Oakville's special features include the active arts community. Every year, about 250 festivals, drama and music performances are held in Oakville. The Oakville Centre for the Performing Arts is usually the venue for a lot of music performances of both local and international artists. Festivals held in Oakville include the Downtown Oakville Jazz Festival and For The Love of Arts Festival. Oakville hosted Canadian Open in July 2018 and 30 other times before 2018 since the inception of the tournament in 1977. Oakville is also the home of Sheridan College. The music theatre program of this institution is known to have birthed award-winning professionals and productions. The entertainment scene of Oakville thus includes a lot of music, drama and festivals. Oakville also has an active sports scene. The major sports teams of Oakville, Oakville Crusaders Rugby Club and Oakville Soccer are some of the well-established sports club in North America. Historical highlights of the town are also well preserved in the numerous trails and heritage buildings. Oakville is also the home of the famous Glen Abbey Golf Club. The scenery of Oakville is so picturesque that it has served as the backdrop for TV shows and movies such as The Santa Claus and The Handmaid's Tale. The offices of several multinationals such as Ford Canada, Siemens Canada, Tim Hortons and The Weather Network are located in the town of Oakville. Although Oakville is a city in every way, it is still referred to as the town of Oakville. Oakville is thus a city that calls itself a town.
Young professionals and families that work in Toronto but prefer to live in a smaller beautiful suburbs have thus found Oakville to be increasingly appealing over time. The features of Oakville which have made it one of the friendliest neighbourhoods for starting a family have also made the city particularly appealing to young professionals who intend to start families in the future.
Residential properties currently on Oakville real estate market include lakeside mansions with an excellent mix of townhouses and condos having different features and spread across different locations.
Oakville is divided into business areas as well as neighbourhoods. There are three areas in Oakville. The three major business areas in Oakville are Downtown Oakville, Bronte Village and Kerr Village. Each business area has a unique mix of shops, business, restaurants and organizations. The major contributors to the economy of Oakville include the education sector and the healthcare sector. Fords Motor Company of Canada is also a major contributor to the economy of Oakville as one of the biggest employers of labour.
There are 13 communities within the city of Oakville. These communities were divided by the planning committee of the city according to the traditional neighbourhood division. The communities of Oakville include Glen Abbey, Old Oakville, Kerr Village, Bronte, Clear view, College Park, Eastlake, Iroquois Ridge North, Iroquois Ridge South, Uptown Core, River Oaks, Plaermo and West Oak Trails. The Glen Abbey community houses the Glen Abbey Golf Club. The Glen Abbey Golf Club has hosted the Canadian Open severally in the past. West Oak Trails is one of the newest communities in Oakville.
According to rankings made in March 2019 comparing 23 locations in the Greater Area, the real estate market of Oakville is the 3rd most expensive of the 23 locations.
The real estate market of Oakville was also ranked as the 5th fastest growing out of the 23 locations compared. Oakville was ranked the 20th highest turnover of the 23 locations compared in the Greater Toronto Area.