If you’re in the market for Oakville homes for sale, your search has led you to the right place. Oakville is a picturesque town located along the shores of Lake Ontario.
It’s known for its stunning waterfront, vibrant community, and a wealth of cultural and recreational offerings. The town has numerous parks, waterfront trails, and lush green spaces, making it a great place for anyone wanting to live around more nature without sacrificing proximity to the Greater Hamilton Area.
Finding the perfect home in Oakville is a journey that deserves the expertise of a seasoned realtor– that’s where Steve Augustine and Your Home Sold Guaranteed Realty Elite - The Augustine Team shine.
With a deep understanding of Oakville’s real estate market and over 20 years of experience in the industry, you can count on Steve to help you secure your dream home.
Below, you can find key information about the Oakville housing market, including median sale price and inventory levels.
Oakville Homes For Sale | Buying a Home in Oakville
In this competitive housing market, it can be hard to beat out other buyers and be the first to make an offer on a great home. So if your goal is to find homes for sale in Oakville, Ontario, you’ll need to work with an experienced realtor like Steve Augustine and Your Home Sold Guaranteed Realty Elite - The Augustine Team.
In this post, our team will share key information about the Oakville housing market, so you can decide if moving to the area is the right choice. We’ll also discuss the top things to know before moving to the area, like the cost of living, crime rate, and job market.
- Oakville is a town in the Greater Toronto Area. It’s Ontario’s largest town, with a population of 213,759 residents.
- Housing is 53% more expensive in Oakville compared to the rest of Canada. The median cost of homes for sale in Oakville is $1,014,031, compared to $834,932 in Ontario.
- Oakville’s household income is 66% higher than the rest of Canada. The median household income is $137,213 compared to $87,353 for Ontario
- The overall cost of living in Oakville is 14% higher than the national average and three percent higher than the rest of Ontario.
- The cost of healthcare in Oakville is three percent higher than the rest of Canada, but equal to the costs in the rest of Ontario.
Should I Live in Oakville?
Oakville is a town in the Greater Toronto Area. It’s Ontario’s largest town, with a population of 213,759 residents. Conveniently located between Toronto and Hamilton, Oakville offers a unique lifestyle that combines the tranquility of a suburban town with the conveniences of an urban city.
One of the most appealing aspects of living in Oakville is its stunning natural beauty. The town has numerous parks, waterfront trails, and lush green spaces, making it an ideal destination for nature enthusiasts. In addition, the real estate market in Oakville offers a wide range of housing options to suit different preferences and budgets.
From historic homes in the downtown core to modern condominiums with waterfront views, Oakville caters to various lifestyles.
What’s the Housing Market Like in Oakville?
Housing is 53% more expensive in Oakville compared to the rest of Canada. The median cost of homes for sale in Oakville is $1,014,031, compared to $834,932 in Ontario and $663,503 for the rest of Canada. In recent months, the average final sale price has been around $1.5 million, which is a slight increase of 1.1% compared to the same point last year.
Most homes spend an average of 23 days on the market before selling and have a sale-to-list price ratio of 97%.
How Do I Find Homes For Sale in Oakville?
Some of the best ways to find Oakville homes for sale are:
- Real Estate Websites: Explore online platforms such as Zillow, Realtor.com, and Trulia to browse extensive listings with detailed property information.
- Open Houses: Attend open houses in your desired neighbourhoods to tour homes, meet agents, and get a feel for different properties.
- Local Newspapers and Magazines: Check classified ads in local newspapers or real estate magazines for listings in your target area.
- Drive Through Neighbourhoods: Explore neighbourhoods you’re interested in by driving or walking around. Look for “For Sale” signs and get a sense of the community.
- Homebuyer Seminars: Participate in homebuyer seminars or workshops offered by real estate agencies or organizations. These events often provide valuable information for first-time buyers.
Ultimately, if you want the most precise and up-to-date listing information, it’s advisable to work with a knowledgeable realtor, like our team at Your Home Sold Guaranteed Realty Elite - The Augustine Team. Our experts have an in-depth understanding of the local market dynamics and housing market trends in the area.
With our expertise, we can offer tailored guidance to help you find your dream home and provide you with access to the latest listings as they hit the market, including off-market properties that may not be publicly available online.
By combining the methods above with the help of our professional realtors, you can increase your chances of finding homes for sale in Oakville that meet your preferences and budget.
Are There Luxury Homes in Oakville?
Yes, there are luxury homes for sale in Oakville, including neighbourhoods such as Morrison, Southeast Oakville, Old Oakville, and the waterfront areas. Luxury neighbourhoods may include custom-designed homes, estates with extensive acreage, and residences equipped with high-end finishes and features.
If you’re interested in exploring luxury homes in Oakville, working with a top realtor like Steve Augustine and Your Home Sold Guaranteed Realty Elite - The Augustine Team can help you discover the best luxury properties in the area.
Are There New Construction Homes in Oakville?
Yes, Oakville has new construction homes in various neighbourhoods. Residential development is ongoing throughout the city, so home buyers have plenty of options to explore. Developers in Oakville may offer a range of housing options, including single-family homes, townhouses, and condominiums.
Reach out to our team at Your Home Sold Guaranteed Realty Elite - The Augustine Team to learn more about new construction in Oakville. We can help you find the perfect home that aligns with your criteria and budget.
What Are the Best Neighbourhoods in Oakville?
Located along Lake Ontario, Bronte East is a lakeside neighbourhood in Oakville. Bronte East can be found in the center of Oakville, with easy access to major highways like the QEW, 403, and 407. It spans the area between Bronte Road and Rebecca Street, providing easy access to Bronte Harbour and Marina. The proximity to surrounding cities like Toronto and Mississauga makes this community a convenient place to call home.
Part of North Oakville, Glenorchy spans north of Dundas Street up to Highway 407. It provides a quieter residential setting than Oakville’s bustling downtown yet remains connected to the main part of the city via major routes like the QEW, 403, 407, and Bronte Road. Glenorchy is known for its spacious homes and neighbourhood green spaces. The massive Glenorchy Conservation Area provides 990 acres of hiking trails, forests, meadows, and wetlands within the community. Residents also enjoy over 40 additional parks, many with play structures, sports fields, and picnic facilities.
If you’re looking for a family-friendly luxury neighbourhood in Oakville, look no further than Joshua Creek. Located in the heart of Oakville, Joshua Creek offers residents easy access to major highways, top-ranked schools, upscale amenities, a strong sense of community, and a thriving real estate market. The nearby Oakville Place Mall provides premium shopping and dining options, while Joshua Creek itself contains parks, walking trails, and recreational facilities.
Morrison is one of the top luxury neighbourhoods in Oakville. With a population of 6,147 residents, Morrison has a cost of living index that is 42% higher than the Oakville average. One of the standout features of Morrison is the opportunity for custom home building. The neighbourhood offers prime lots typically ranging from 1/4 to 1 acre and can cost between $1 million and $3 million.
What’s the Quality of Life in Oakville?
Oakville falls under the Halton District School Board. In the entire district, there are over 50,000 students in 76 elementary schools and 17 secondary schools. Test scores in Oakville are 18% higher than the rest of Canada and seven percent more students graduate with a high school diploma compared to the rest of the country. Opportunities for higher education in the area include
Oakville, Ontario, is situated near several colleges and universities, offering diverse educational opportunities. Here are some notable institutions near Oakville:
- Sheridan College
- University of Toronto Mississauga
- McMaster University
- Mohawk College
- Conestoga College – Institute of Technology and Advanced Learning
- Wilfrid Laurier University
Oakville’s household income is 66% higher than the rest of Canada. The median household income is $137,213 compared to $87,353 for Ontario and $82,436 for all of Canada. The unemployment is 37% lower, at 4.1%.
The unemployment rate for Ontario is 4.2% and 6.4% for the national average. Oakville also has 63.9% of people in the labour force, which is equal to the rest of Canada and slightly higher than the rest of Canada.
Cost of Living
The overall cost of living in Oakville is 14% higher than the national average and three percent higher than the rest of Ontario. In particular, housing is 26% higher than the rest of Canada. The highest costs are housing and utilities, which are nearly 30% higher than the national average.
Goods and services, healthcare, and transportation are also more expensive than in Ontario and the rest of Canada. The cost of groceries is equal to the national average and the rest of Ontario.
Crime and Safety
Oakville has 56% less total crime compared to the rest of Canada. Specifically, 55% less violent crime and 57% less property crime. On average, Oakville experiences 1,838 crimes per 100,000 residents compared to 4,223 crimes per 100,000 people in all of Canada and 3,086 crimes in the rest of Ontario.
Weather and Climate
Oakville’s location on Lake Ontario means the town experiences milder temperatures compared to more inland areas. Oakville has a humid continental climate, characterized by four distinct seasons. Summers are generally warm, with average daytime temperatures ranging from 20 to 25° Celsius.
Winters in Oakville are cold, with average daytime temperatures ranging from around -2 to 0° Celsius. Snowfall is common during this time of year.
Healthcare and Hospitals
The cost of healthcare in Oakville is three percent higher than the rest of Canada, but equal to the costs in the rest of Ontario. Some hospitals and urgent care centers in the town include:
- Oakville Trafalgar Memorial Hospital
- Halton Healthcare – Urgent Care Centre
- Halton Healthcare – Georgetown Hospital
- Dundas Neyagawa Medical Centre
- Primacy – Oakville Trafalgar Medical Arts Centre
- Summit Urgent Care
What Are the Top Things to Do in Oakville
Whether you’re interested in outdoor activities, cultural experiences, or exploring the local arts scene, Oakville offers many attractions to suit various interests. A few options include:
- Bronte Village: Explore the picturesque Bronte Harbour, lined with charming shops, restaurants, and waterfront parks. The Bronte Boardwalk offers scenic views of Lake Ontario.
- Gairloch Gardens: Enjoy the beauty of nature at Gairloch Gardens, known for its stunning landscapes, sculptures, and walking trails. The gardens provide a tranquil escape from urban life.
- Oakville Museum: Discover the history of Oakville at the Oakville Museum, housed in Erchless Estate. The museum showcases exhibits on the town’s heritage and offers guided tours of the historic estate.
- Oakville Art Society: Explore the local art scene at the Oakville Art Society. The society promotes visual arts through exhibitions, workshops, and community events.
- Sixteen Mile Creek: Enjoy outdoor activities along the scenic Sixteen Mile Creek. The waterfront trail is perfect for walking, jogging, or cycling, offering beautiful views of the natural surroundings.
How Can I Find the Best Homes in Oakville?
Work with Steve Augustine and Your Home Sold Guaranteed Realty Elite - The Augustine Team to find the best Oakville homes for sale. With nearly 20 years of experience in the real estate industry, we know what it takes to help you find your dream home in your ideal location.
Our databases are constantly updated with new homes as they enter the market, giving you a better chance of finding new homes before other home buyers. Plus, our exclusive VIP Buyer Program provides unique buyer guarantees, access to property hot lists, and free educational resources.
People Also Ask
What is Oakville best known for?
Oakville is known for its convenient location near Toronto and Niagara, and its picturesque location on Lake Ontario, which creates scenic harbour views. The town also has great dining options, a thriving art scene, and several shopping districts.
Why is Oakville so expensive?
Oakville is expensive because of its housing costs. One reason costs are high is because of the town’s proximity to Toronto, which makes it highly desirable for many home buyers.
Is Oakville, Ontario, a rich area?
Yes, Oakville is known for being one of the richest cities in Canada.
Is Oakville a walkable city?
Yes, Oakville is known for having walkable neighbourhoods compared to other parts of the Greater Toronto area.
What are people from Oakville called?
People from Oakville are called Oakvillians.