New Condos in Oakville
Investing in New Condos in Oakville
If you are looking to purchase a new condo in Oakville, we welcome you to the vibrant community nestled within the Greater Toronto Area (GTA), beside the beautiful lakeside with a strong heritage, preserved and celebrated by residents, visitors, and investors alike.
• Beautiful neighbourhoods
• Growing business
• Quality schools
• Proximity to Lake Ontario and recreational areas
• Easy access via QEW, 403, 407 and GO Transit
• Charming shopping districts in the downtown core
A community of over 194,000 people, Oakville is the premium location for the work-life balance desired by professionals and families. Located 30 minutes from downtown Toronto and at the centre of Canada’s golden horseshoe, market-leading companies continue to choose Oakville as their place to do business. As a result, the population and economic output of Oakville are expected to grow and with that, top-quality amenities and stunning new condos in Oakville are expected as well.
Investing by The Numbers
• Average price for new condos in Oakville in 2017 = $370,900 (6% increase from 2016).
• Average price for resale condos in Oakville in 2017 = $582,420 (9.11% increase from 2016). The difference in prices between new condos in Oakville and presale condos indicates a potential positive growth for condo investors.
• Average price per square foot for new condos in Oakville in 2017 = $640/Sq.ft (6% increase from 2016).
• Oakville’s 2018 average household income was estimated at $170,216.75, with the provincial average at $106,524.04.
• Approx. 60 percent of Oakville households earn an annual income of more than $100,000.
• 11 major companies opened new operations in Oakville in 2018, bringing in more than 1,600 new jobs.
• Oakville is expected to see an increase of 127,000 new jobs over the next 20-25 years.
A 30-minute drive from downtown Toronto, and an hour’s drive from the U.S. border, Oakville is a great destination for residents and investors. West of the city, Oakville is positioned halfway between Toronto and Hamilton close to Lake Ontario. Other major cities neighbouring Oakville are Milton, Burlington, and Mississauga. In 2018, Oakville was selected by Moneysense.ca as the number one place to live in Canada. As an investor, staying updated with new condos in Oakville could present opportunities in the near and far future as the city becomes more desirable.
When investing in or purchasing a condo of your own, it’s important to know that the area has updated infrastructure with easy access to transportation. New condos in Oakville raise no concerns as there are several options for getting around. Choose your favourite mode of transportation and you’ll be able to see the Town from almost every perspective.
Oakville Public Transit
Oakville Transit serves the public on a day-to-day basis ensuring they receive the best possible service. This means providing adequate accessibility, ensuring the routes and maps are up-to-date and taking advantage of the latest technology to make it easier to pay your fare.
If you’re interested in investing in or purchasing a new condo in Oakville but don’t have a car, the town has two major taxi services that operate 24/7, 7 days a week- Oakville United Taxi Service, and Halton Taxi. Also, Uber operates within Oakville and is a well-known and reliable ride-sharing service used across the GTA.
If you’re a commuter who is interested in a new condo in Oakville, the town has two GO Transit Stations, both offer hourly service to Toronto, Hamilton, and other destinations. Oakville GO Station at 214 Cross Avenue and Bronte GO Station at 2104 Wyecroft Road.
Oakville has everything you would need for getting around. Regular service between Oakville and Kingston, Ottawa, Montreal, London, Windsor, New York City and more are offered through VIA Rail for out-of-town travellers.
Driving in Oakville
Located just outside of the city, driving is a viable option for those who purchase or invest in new condos in Oakville. The town is easily accessible by all major roadways, with traffic flowing from the east/west on the QEW and highway 407, and north and south on highway 403.
Cycle and Walk
New condos in Oakville provide a great opportunity for alternative transportation with a network of cycling routes that consists of on-road bike lanes, paved shoulder bikeways, signed bike routes, and multi-use trails.
Additionally, there are 105 kilometres of on and off-road cycling paths, over 150 kilometres of trails, 420 hectares of parkland and more than 200 parks, playgrounds, sports fields, and 31 waterfront parks, Oakville has recreational opportunities for everyone!
Events and Festivals
Buyers of new condos in Oakville have something to do all year round. The TD Songs of Summer and Oakville Children’s Festival during the summer, Bronte Provincial Park’s Maple Syrup Festival in March, and a wide range of activities are organized each season.
Culture and Recreation
Have your pick of theatre, dance, music or comedy at the Oakville Centre for the Performing Arts or enjoy a walk from gallery to gallery along historic downtown streets. If you’re interested in something slightly more physical, there’s nothing like a playing 18-holes at one of Oakville’s golf courses such as Glen Abby Golf Course.
Parks, gardens and harbours
New condos in Oakville are typically surrounded by an abundance of parklands, trails, creeks, golf courses, and award-winning gardens. As a buyer or investor, take the time to experience the natural wonders of the town and its scenic harbours — Oakville Harbour and Bronte Harbour.
Shopping and dining
Oakville is renowned for its beautiful shopping and dining districts, including the sophisticated Downtown Oakville — one of the foremost shopping and dining destinations in Ontario with architecturally preserved storefronts. Each district in Oakville offers an assortment of spas, galleries, and cafes and restaurants preparing a variety of world cuisines including Mexican, Italian, French, Greek, Thai, Pacific Rim and Southwestern.
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