Oakville is one of the most popular places when it comes to real estate, and if you are looking to hop on the bandwagon, we have a couple of tricks for you. You don’t need to worry about finding real estate professionals or whether you’ve come across an opportunity you shouldn’t miss. We can help you every step of the way.
About the Oakville City
Oakville is a town in southern Ontario. It is hallways between Toronto and Hamilton. The city was founded almost 200 years ago, and over the years, it’s become the biggest town in Ontario.
There are numerous cultural events in the town throughout the year. You can enjoy sports, music festivals, or spend time in beautiful nature. In 2018, Oakville was chosen as the best place to live in the entire country!
It is no wonder why so many people want to raise their families in this gorgeous Canadian town. Schools are incredible in Oakville, neighbourhoods are peaceful, and the place is home to Glen Abbey Golf Club. However, one of the best things about Oakville is how incredible people are. They are generous, welcoming, and the only thing you’ll regret if you move here is that you didn’t come sooner.
For many, living in Oakville is a dream come true. So if you are one of many people who would love to buy a property in this wonderful town, you should know that it is possible and more affordable than you think.
Over the years, Oakville has become one of the most popular locations for Canadian real estate investments, and there are a couple of reasons for that. The town has access to numerous great schools, and the only problem you will have with them is picking the right one for your kids. There are twenty-seven public elementary schools and twelve secondary schools in Oakville.
If you are worried about transportation, you should know that Oakville is well-connected to the rest of the country. There are several lines running through the city (two GO stations, highways 403, 407, and QEW), which means that reaching the Greater Toronto Area should not be a problem.
If you decide to go to the historic core of the city, there are plenty of boutiques where you can enjoy shopping as well as restaurants, cafes, and other services. It just shows that there are plenty of things to do in Oakville.
Whether you are interested in golf, hockey, skating, music, or anything else, you can be sure that there will be an exciting event near you. There are two annual jazz festivals in the place and numerous hiking trails you can enjoy.
The best thing about the place is its abundance of outdoor activities you can try. Those who want to find a dream home in Oakville will be thrilled with their options. The community and surroundings are exceptional, and you will enjoy raising your family here.
Different Housing Options
In general, there are three options when it comes to real estate in Oakville. You can get an apartment, condo, or house. All three options are available for buying or renting (or selling). Of course, it is up to you, your budget, and your preferences to decide which one is suitable for you and your needs.
While some might think that Oakville is expensive, the monthly costs are nearly 22% lower than New York, and if you account for the rent in the expenses, the difference is even bigger. Rent in Oakville is over 50% lower compared to New York.
You can also opt for a pre-construction condo, which will allow you to make decisions before it’s even built, or brows our real estate listings.
What You Need to Know
There are several things those who like the idea of living in Oakville (or buying properties there) need to know. The best thing you can do beforehand is learn as much as you can about the town. Each real estate market is different, and you will need to explore it as thoroughly as possible.
As is the case with any other town, Oakville’s real estate market is hyper-local. It isn’t enough for you to know about the town. You need to get well informed before you make your decision.
The town has thirteen different neighbourhoods, and each has its own character. Professional real estate agents will be able to tell you about the differences and point out the best opportunities.
Finally, if you plan to move to Oakville with your family, it is essential to learn about your education options. Whether you are interested in private or public schools, you need to plan accordingly.
Is Oakville a Good Place to Invest In?
The short answer is — yes. The population of the town is nearly 200,000 people, and the annual compound rate is 2.35% (between 2001 and 2011). This means that there are plenty of opportunities for those willing to invest in real estate.
However, this doesn’t mean that those looking to buy are the only ones that could profit. If you are looking to sell or invest in properties, it is an excellent opportunity as well. The population is quite young, and Oakville is growing.
You can be sure that, in the foreseeable future, the market will be on the rise, and it is an excellent moment to invest in real estate. The average home price in Oakville is growing by the year, and it is obvious that homebuyers are looking for a way to get out of the busy life in Toronto.
There has been an increase in prices of 5% during the last year, and if we take a look at the previous decade, the price appreciation is 125%! So whether you want to buy a condo and live there yourself or plan on reselling it in the future, now is the perfect time to do it.