Oakville
Pre-Construction Projects- 100 Mile House
- 23000 Punta Cana
- Abbeydale
- Abbottsfield
- Abee
- Acadia
- Acadia Valley
- Acheson
- Adelaide Metcalfe
- Adjala-Tosorontio
- Agincourt
- Agincourt South-Malvern West
- Ahuntsic
- Ainslie Wood
- Airdrie
- Airport Boulevard
- Airport Heights
- Airport Hill
- Aishihik
- Ajax
- Aklavik
- Al Ritchie
- Al Safa 2
- Alban
- Albert Park
- Albert Park/Radisson Heights
- Alberta
- Alberta Avenue
- Alberta Beach
- Alberton
- Albro Lake
- Alcomdale
Pre-Construction Condos & Homes in Oakville
Reasons to Invest in New Condos in Oakville
Modern Amenities and Design
New developments in Oakville have features and services that are the best and most stylish. You can expect high-end finishes, modern designs, and large floor plans. There are state-of-the-art exercise centers, rooftop patios, and friendly common areas to use. A lot of homes come with smart house technologies that make them safer and more convenient. Oakville’s homes are the right mix of wealth and natural beauty, with parks, walks, and views of the water close by.
Prime Location and Accessibility
Oakville is on the water and has 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.
Oakville Rental and Seller Market 2024
Rental Market
Currently, a rental in the Town of Oakville goes for an average of $2,668 per year, with an annual appreciation rate of 5.4% over the last ten years. Condos are still in high demand here, with a vacancy rate of just 0.4%.
Seller Market
Any pre-construction home in Oakville sells at around $920 per square foot, with the annual appreciation rate standing at 8.03% in the last 10 years.
The average resale price for any home in Oakville is currently around $1,623,505, with the annual appreciation rate standing at 12.8% during the past 10 years.
Average Renting and Selling Time in Oakville
-New Condos
Renting Time for Condos: As of May 2024, rental condos in Oakville typically remain on the market for more than a month. This duration is longer than the previous year, when rentals were usually on the market for under one month.
Selling Time for Condos: As of today, a condo for sale in Oakville goes for $1.6M on average, staying on the market for 28 days which is still higher than the 26-day period back in February.
-New Homes
Renting Time for Homes: As of May 2024, the average renting time of detached homes is 20 days, this is about one week longer than the previous year.
Selling Time for Homes: As of now, Oakville detached homes stay about 18 days on the market, which is an 80% improvement compared to last year.
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: 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.
3. Heritage District
- Highlights: Historic homes, cultural events, unique architecture.
- Perfect For: History buffs and those who enjoy living in a character-filled neighbourhood.
Bronte
Standing along the shores of Lake Ontario, Bronte is a lively community with a strong maritime heritage, offering a mix of condos and homes in three areas:
1. Bronte Harbour
- Highlights: Marina, waterfront restaurants, sailing clubs.
- Perfect 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 three popular areas:
1. Glen Abbey Golf Club
- Highlights: Championship golf course, elegant homes, lush landscapes.
- Perfect For: Golf lovers and those seeking a prestigious, green environment.
2. Pilgrims Way
- Highlights: Family-friendly parks, good schools, recreational facilities.
- Perfect For: Families looking for a safe, community-oriented neighbourhood.
3. 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 many recreational opportunities, 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. The city offers 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: Oakville is a great place 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.
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.
- 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.
- 100 Mile House
- 23000 Punta Cana
- Abbeydale
- Abbottsfield
- Abee
- Acadia
- Acadia Valley
- Acheson
- Adelaide Metcalfe
- Adjala-Tosorontio
- Agincourt
- Agincourt South-Malvern West
- Ahuntsic
- Ainslie Wood
- Airdrie
- Airport Boulevard
- Airport Heights
- Airport Hill
- Aishihik
- Ajax
- Aklavik
- Al Ritchie
- Al Safa 2
- Alban
- Albert Park
- Albert Park/Radisson Heights
- Alberta
- Alberta Avenue
- Alberta Beach
- Alberton
- Albro Lake
- Alcomdale
FAQs About New Condos and Homes in Oakville
Currently, pre-construction homes in Oakville sell for $920/sq ft on average.
In the last ten years, the average condo appreciation rate in Oakville has been 8.03% and in the past 12 months, the average condo price has gone up by 4.6%.
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.
As the 10th fastest-selling city in Canada, Oakville’s 13% sales-to-new-listings ratio (SNLR) in the last 28 days is much lower than expected, suggesting that transactions are a bit slow.
With the current SNLR rate and the slight dip in Condo prices, it is a better time to buy than sell properties in Oakville.
Besides the increasing interest rates and construction costs, Oakville is the 4th 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.
Currently, the average rental home in Oakville goes for $2,668 per month. With the 0.4% vacancy rate, it seems that the prices are not outrageous. The monthly rent can go as low as $1,767 for studio units to $3,701 for 4-bedroom suites.
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.
In 2024, Oakville’s economic outlook is promising. With a median income of $81,376 and a low unemployment rate of 4.8%, the town boasts economic stability. Continued investment in local businesses and infrastructure further enhances its growth prospects.
There are numerous new builds at Oakville, both pre-construction and under-construction. Many take place in Old Oakville, Bronte, and Glen Abbey. They span everything from new townhomes at Oakville, 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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