Oakville New Condos

Oakville New Condo Living

Oakville condos are located in the best of neighbourhoods, rich in urban amenities and natural beauty. Oakville is just 30 minutes from downtown Toronto and an hour’s drive from Niagara Falls. The town offers a large variety of amenities, including restaurants serving a variety of cuisines, amusement parks, shopping malls, schools, golf clubs, cinemas, hotels, parks and more. Oakville is the largest town in Ontario and is a part of the Greater Toronto Area.

Oakville is the largest and the most densely populated towns of Canada with a population of 193,832 according to the 2016 census. The town has more young people than the rest of Canada. Those under 19 years of age make up 28.1% of the total population of Oakville.

The town has a wide variety of restaurants and cafes. Some of the top restaurants around Oakville condos include Ritorno, Tavolo Restaurant, Trattoria Timone Ristorante, Cucci, Spoon & Fork, La Parisienne Creperie, Chop Steakhouse & Bar and more. There are plenty of fun places for kids too such as Amazing Adventures Playland, a multilevel play structure and a toddler area; Coronation Park with a splash pad and volleyball nets near the lake; and the Bronte Heritage Waterfront Park, a perfect park for adults and kids.

Shopping malls are not far from Oakville condos either. The neighbourhood has shopping malls, including Oakville Place, South Oakville Centre, Upper Oakville Shopping Centre, Riocan Centre Burloak and Bronte Village Mall. The many retail stores in Oakville also add to the convenience of the residents. Oakville condo residents also have easy access to numerous schools. A fine combination of urban facilities and relaxing natural spaces, Oakville condos offer homebuyers the best of everything.

Oakville Real Estate Condo Prices

Average Oakville real estate market prices across the board for condos, townhomes, detached and semi-detached properties stands at $1.5 million, as of December 2021. It shows an yearly increase of 14.5%.

For Oakville condos, prices have  increased for 1-bed condo suites while prices for 2-bed and 3-bed condo units have decreased.

• For 1-bedroom condo in Oakville, the price stands at $560,000, showing an 11% increase over the year. A year ago, the price was $503,000.
• For 2-bedroom condo in Oakville, price is at $878,000, showing a decrease of 12%. A year ago, the price was $994,000.
• For 3-bedroom condo in Oakville, prices stand at $627,000, showing a decrease of 16%. A year ago, the price was $742,000.

Prices differ according to location, suit sizes and other features such as amenities included in the condo.

As for townhomes, there has been an increase in prices across the board for 1-bed, 2-bed, 3-bed and 4-bed townhomes. On an average, prices of townhomes have increased by 36% from last year. The average townhome price in Oakville is $1.2 million, as of December, 2021.

• one-bedroom townhome in Oakville is priced at $786,000, showing an increase of 16% from previous year. A year ago, the price was $675,000.
• Two-bedroom townhome in Oakville is priced at $1.2 million, showing a sharp increase of 35% from previous year. A year ago, the price was $921,000.
• Three-bedroom townhome in Oakville is priced at $1.2 million, showing an increase of 17% from previous year. A year ago, the price was $1.1 million.

Prices of detached homes in Oakville also increased by 20% from the previous year. On an average, a detached home in Oakville is priced at $2 million. A year ago, price of a detached home in Oakville stood at $1.7 million.

• Two-bedroom detached home in Oakville is priced at $1.5 million, showing an increase of 34%. A year ago, the price was $1.1 million.
• Three-bedroom detached home in Oakville is priced at $1.7 million, showing an increase of 18%. A year ago, the price was $1.4 million.
• Four-bedroom detached home in Oakville is priced at $2.4 million, showing an increase of 31%. A year ago, the price was $1.8 million.
• Five-bedroom detached home in Oakville is priced at $2 million, showing a decrease of 4%. A year ago, the price was $2.1 million.

Oakville New Condos Transit

Oakville condos residents enjoy high accessibility. Travelling via Queen Elizabeth Way and Gardiner Expy takes you to Toronto in only 30 minutes by car.

Two major highways pass through Oakville: Hwy 403 and Hwy 407. Hwy 403 travels from the northeast of Oakville to the southwest areas and further into the neighbouring areas. Hwy 407 borders the northwestern areas of Oakville and intersects Hwy 403 on the northern end of Oakville.

Lakeshore Rd W is another important road that runs close to the waterfront. Proximity to Toronto Pearson International Airport is another major advantage of living in Oakville condos. Only 32 km away via Queen Elizabeth Way and Hwy 427, it takes about 23 minutes to reach the airport from Oakville condos.

As for public transport, there is the local bus service, and GO Transit train and bus services at Bronte and Oakville stations. Via Rail also operates from the Oakville station and serves the line between Windsor and Quebec corridor. With highways, a good arterial road network, various GO stations and proximity to both the international airport and Toronto, Oakville condos are perfectly located for convenient travelling.

Oakville Preconstruction Condo Market & Latest Trends

Home to a large population in 13 different neighbourhoods, Oakville condos are a part of a rich heritage. Originally inhabited by indigenous people of Mississauga, Oakville developed around its shoreline.

Today, it retains its ancient charm while having all sophistication that the modern world offers. Many festivals such as the Downtown Oakville Jazz Festival, the Waterfront Festival, Midnight Madness, and For the Love of the Arts Festival are held annually. Oakville holds a variety of experiences in its beautiful natural spaces, food, shopping and recreation. Skate Oakville, the largest skating club in Canada is located in Oakville. Also, Glen Abbey Golf Course, which hosted 30 Canadian Open championships is located in Oakville.

Oakville condos are perfect for nature lovers, as it has 1,420 hectares of parkland, 150 km of trails, over 200 parks, gardens, dog parks, splash pads, waterfront parks and greenspaces. Ranked as one of the five must-visit places in the GTA, Oakville is and will remain a highly attractive destination for homebuyers.

Oakville offers education in both public and private schools at elementary and high school level. Home to Appleby College, St. Mildred’s Lighbourne School, Sheridan College, and more educational and learning institutes, Oakville has a fine mix of educational centres.

Oakville New Condos Top Neighbourhoods

In 1962 the town of Oakville merged with its neighbouring villages (Bronte, Palermo, Sheridan, and the remainder of Trafalgar Township) to become the new Town of Oakville, reaching northwards to Steeles Avenue in Milton.

In 1973, the restructuring of Halton County into Halton Region brought the northern border southwards to just north of the future Highway 407. Oakville has 13 neighbourhoods and population 93,832 residents.

Most of the living in Oakville are low rise but Condos are taking their share lately as the city is growing exponentially. These are Oakville’s hottest neighbourhood for condos right now.