New Condos Oakville
You’re in the best place to find out about the new condos in Oakville! Sitting by Lake Ontario between Toronto and Hamilton, you’ll find the perfect harmony of urban amenities and suburban calm!
Oakville Pre-Construction Condo Market Trends 2025
According to our recent data, as of January 2025:
- The average price per square foot for new pre-construction condos in Oakville is $1,050.
- The average selling price for homes in Oakville over the last 30 days was $1,702,609.
- The average rental rate is around $2,836.
- The vacancy rate is around 2%, indicating high demand for rental properties.
- New condos in Oakville take an average of 47 days to sell.
- Detached homes in Oakville stay on the market for an average of 36 days, selling faster.
- Townhomes in Oakville sell even faster, with an average of 32 days on the market.
Pre-Construction Condos Oakville
Reasons to Invest in New Condos in Oakville
A Green City
When buying new developments in Oakville, you choose to settle in a green city. Besides sustainable principles applied to pre-construction condos in Oakville, The businesses that choose to live here have put a lot of money into green technology and sustainability. That has obviously attracted many businesses and people to call this place home.
Effortless Transit & Ultimate Convenience
When buying new homes in Oakville, you’ll be close to two beautiful harbours: Bronte Harbour is to the west and Oakville Harbour is close to downtown. Festivals and art fairs are held in these lively places, which add to the town’s charm. The Oakville Centre for the Performing Arts has a lively arts scene with shows from around the world. With two GO stops, improved Oakville Transit facilities, and major roads like the QEW, 407, and 403, Oakville makes it easy to get around and offers a rich cultural experience.
Strong Market Demand and Investment Potential
It is projected that by 2031, there will be about 255,000 people living there. The Halton Region, of which Oakville is a part, is predicted to experience a tremendous boom in the coming 25 years. Over the next 15 years, the number of jobs will likely grow at the same rate as the population. In 2031, there will be 410,000 jobs in the area, with 127,000 in Oakville. That is surely set to boost demand for Oakville pre-construction condos. In short, Oakville remains a top choice for real estate investment in Canada.
Oakville Rental and Seller Market 2025
Rental Market
In January 2025, Oakville, Ontario, saw a median rent of $2,836 across all property types and bedroom counts, marking a 47% increase above the national average. This rent level has remained consistent with the previous year. Furthermore, the average price per square foot stands at $3.44.
Seller Market
New builds in Oakville sell at around $1050 per square foot. In January 2025, the average sold price for homes in Oakville was $1,702,609 over the last 30 days. The average sold price for condos in Oakville during the same period was $832,430, which is $108,398 (13.0%) higher than the same period one year ago. Additionally, the average sold price for townhouses in Oakville was $1,047,051 over the last 30 days.
For the Oakville, Ontario real estate market in 2025, we predict moderate price growth of 3% to 6%, with increased sales volume as interest rates stabilize. Buyer behaviour may shift towards more affordable options. Key factors influencing the market include interest rates, economic conditions, supply and demand, and government policies.
Average Renting and Selling Time in Oakville
-New Condos
Renting Time for Condos: As of January 2025, old and new condos in Oakville typically remain on the rental market for more than a month.
Selling Time for Condos: As of January 2025, a condo for sale in Oakville goes for $832,430 on average, staying on the market for 47 days
-New Homes
-Renting Time for Homes: As of January 2025, the average renting time of detached homes in Oakville is around 20 – 30 days.
-Selling Time for Homes: In the past 30 days, the average price for homes sold in Oakville was $1,702,609. New homes in Oakville stay about 36 days on the market.
Neighbourhoods
Old Oakville
This historic neighbourhood is known for its charming downtown and gorgeous waterfront vibe lined with heritage homes.
1. Downtown Oakville
- Highlights: Boutique shops, fine dining, waterfront parks
- Perfect For: Townhome developments in Oakville in this area are perfect for those who love a vibrant, walkable area with a mix of historic charm and modern amenities
2. Old Oakville Waterfront
- Highlights: Stunning views of Lake Ontario, marinas, lakeside trails
- Perfect For: Water enthusiasts and those who appreciate scenic landscapes
Bronte
Standing along the shores of Lake Ontario, Bronte is a lively community with a strong maritime heritage, offering a mix of new Oakville condos for sale in three areas:
1. Bronte Harbour
- Highlights: Marina, waterfront restaurants, sailing clubs
- Perfect For: New townhouses for sale in Oakville in this area is are ideal for boating enthusiasts and those who enjoy a lively waterfront atmosphere
2. Bronte Village
- Highlights: Shops, cafes, community events
- Perfect For: Families and individuals who enjoy a close-knit community with plenty of local amenities
3. West Oak Trails
- Highlights: Scenic trails, parks, modern homes
- Perfect For: Active families and outdoor enthusiasts
Glen Abbey
Famous for its beautiful golf courses and green spaces, Glen Abbey is a modern suburban haven with two popular areas, hosting many pre-construction condos in Oakville:
1. Pilgrims Way
- Highlights: Family-friendly parks, good schools, recreational facilities
- Perfect For: Families looking for a safe, community-oriented neighbourhood
2. Heritage Glen
- Highlights: Quiet streets, quality schools, convenient shopping
- Perfect For: Families and professionals seeking a peaceful suburban lifestyle
Pros of Living in Oakville
- High Quality of Life: With first-rate medical care, excellent educational institutions, and an affluent setting with higher-than-average income levels, buying new builds in Oakville provides a comfortable lifestyle. Its lovely parks and clean, safe neighbourhoods add to the great quality of life there.
- Serene Nature Vibe: With its stunning waterfronts, verdant parks, and miles of trails, Oakville is a popular destination for outdoor enthusiasts. Buying new pre-construction homes in Oakville gives you access to a wide range of year-round activities, including sailing, golfing, hiking, and bicycling.
- Tight-knit Community: A lot of people in Oakville join together for things like festivals and farmers’ markets, which contribute to the town’s strong feeling of community. Everyone, from families to single people, will feel at home in this town because of its warm hospitality.
- Close to Toronto: New condos in Oakville are great places to live if you’re looking for a suburban setting close to all the activities of Toronto without sacrificing any of the city’s cultural offerings, career opportunities, or conveniences.
- Top-notch Education: Public, private, and foreign schools in Oakville are among the finest in all of Ontario. In addition to its renowned business and arts departments, Sheridan College also maintains a campus in Oakville, housing over 12,000 students.
Cons of Living in Oakville
- High Cost of Living: Oakville has a comparatively high cost of living, especially for housing. Rents and property costs are among the highest in the area, which can put off some would-be inhabitants looking for pre-construction homes in Oakville.
- Less Urban Entertainment: Oakville, while charming and community-focused, may not offer the same level of urban entertainment and nightlife as larger cities. It can be a little quiet for those who are looking for a lively, busy city vibe.
Neighborhoods in Oakville
FAQs About New Condos and Homes in Oakville
Currently, pre-construction homes in Oakville sell for $1050/sq ft on average.
Over the past three years, real estate properties in Oakville have appreciated by 17.5%.
The minimum downpayment is 5% for condos below $500,000. For condos up to $999,999, it’s 5% of the first $500,000 and 10% of the remaining sum. For condos $1M and above, the minimum downpayment is 20% of the whole price.
Yes, Oakville is indeed one of the fastest-selling cities in Canada. The sales-to-new-listings ratio (SNLR) for Oakville over the past 30 days was 165.1%, indicating a strong seller’s market where demand significantly outpaces supply.
Given the current Sales-to-New-Listings Ratio (SNLR) and the price trends for new builds in Oakville, the outlook is indeed positive, as the market strongly favours sellers.
Besides the increasing interest rates and construction costs, Oakville is the one of the fastest-growing city in Canada, holding significant potential for appreciation. That may explain why so few owners are willing to sell their homes and most buyers choose pre-construction homes over the completed ones.
Condos and homes in Oakville boast top-tier amenities and stylish features. You can enjoy modern designs, spacious layouts, and high-end finishes. Pet-friendly spaces, playgrounds, BBQ areas, and numerous parking spaces are just a few of the communal benefits.
Oakville offers a thriving economy and unparalleled lifestyle, with nearly full employment and high incomes. Residents enjoy Lake Ontario views, and a vibrant downtown with top-notch schools, hospitals, and +400 shopping outlets, making it one of the best places to live and raise kids.
According to our data, the average rental rate in Oakville is approximately $2,836.
From GO stations and VIA Rail systems to massive highway access, Oakville connects all residents easily to every corner of the GTA. So, whether it’s outer city travelling or just everyday commuting, there’s no shortage of transportation arteries.
The great thing about Oakville is that most neighbourhoods actually offer great amenities and affordable pricing. But, you need to put Old Oakville, Bronte, and Glen Abbey on your shortlist.
Yes, Sheridan College, perfect for arts and business, is one of the main educational hubs in Oakville.
Oakville’s economy in 2025 is characterized by moderate growth in housing prices and rental rates, increased sales activity, and strategic initiatives aimed at fostering long-term economic resilience.
There are numerous new builds in Oakville, both pre-construction and under-construction. Many take place in Old Oakville, Bronte, and Glen Abbey. They span everything from new homes in Oakville, to condos, mixed-use developments, and even master-planned communities.
To get priority access to info on new condos in Oakville, you can easily subscribe to our newsletter or register at our Platinum Condo Deals website.
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