Oakville, located in Southern Ontario along the shores of Lake Ontario, is a picturesque and affluent town known for its beautiful waterfront, vibrant community, and high quality of life. With a population of an estimated 213,407 (2024) people, Oakville is situated between Toronto and Hamilton, Oakville offers a unique blend of urban amenities and suburban charm. The town is characterized by its well-preserved historic downtown, excellent schools, and thriving arts and culture scene.
Real Estate Market in the City
Market Characteristics
Oakville’s real estate market is competitive and attractive, with a steady demand driven by its scenic location, quality of life, and affluent population. The town’s economy is supported by finance, technology, healthcare, and retail sectors. This diversity contributes to a balanced and resilient real estate market.
Property Types Available and Prices
- Detached Houses: Prices range from CAD 1 million to CAD 3 million, depending on size, age, and location.
- Semi-Detached Houses and Townhouses: More affordable options, with prices ranging from CAD 700,000 to CAD 1.5 million.
- Condos: Ideal for singles and small families, with prices ranging from CAD 500,000 to CAD 1.2 million.
- Vacant Land: Available for development, with prices starting from CAD 500,000.
The approximate cost of land per square foot is between CAD 450 – CAD 900.
Attractions and Lifestyles
Oakville offers a wealth of attractions and lifestyle amenities:
- Downtown Oakville: A charming area with historic buildings, boutique shops, and cafes.
- Bronte Creek Provincial Park: Offering opportunities for hiking, camping, and outdoor recreation.
- Oakville Centre for the Performing Arts: Hosting a variety of performances, exhibitions, and community events.
- Local Festivals: Including the Oakville Waterfront Festival and Downtown Oakville Jazz Festival.
- Outdoor Activities: Numerous parks, trails, and waterfront activities for boating, fishing, and hiking.
- Shopping and Dining: A range of local shops, restaurants, and cafes offering diverse culinary experiences.
Living in the City
Living in Oakville offers a high quality of life with a strong sense of community. The town provides excellent healthcare services, including Oakville Trafalgar Memorial Hospital, and a variety of educational institutions, such as Sheridan College. Oakville is known for its safe neighborhoods, friendly residents, and vibrant community events.
Recreational opportunities abound with numerous parks, sports facilities, and outdoor activities. The natural beauty of the surrounding area provides ample opportunities for boating, fishing, hiking, and wildlife viewing. The town’s community centers and libraries host various programs and events, fostering a sense of belonging among residents.
Summary
Oakville is a picturesque and affluent town that offers a balanced lifestyle with urban conveniences and a strong sense of community. Its real estate market provides diverse options for buyers, from affordable family homes to luxury properties and recreational cottages. With a rich array of attractions, recreational opportunities, and essential amenities, Oakville is an ideal place to live, work, and explore. The town’s ongoing development and community focus make it a promising destination for both residents and investors.
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