New Condos 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%.

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 a fast-selling city in Canada. The sales-to-new-listings ratio (SNLR) for Oakville in the past 30 days was 42.6%, which suggests a balanced market. This means that the supply of new homes in Oakville and the demand for them are currently in equilibrium.

With the current SNLR rate and the slight dip in the prices of new builds in Oakville, it is a better time to buy than sell properties like townhomes in Oakville.

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.

A recent report from the Toronto Regional Real Estate Board indicates that the average rental rate for a one-bedroom condo is $2,283.

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 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.

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