Oakville Properties

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.

We at Team Rene can help you every step of the way. We’re here to answer all your questions and assist you; all you need to do is contact us.