THE LUXURY AND PRESTIGE OF OAKVILLE
Just 30 km west of Toronto you’ll find a quaint little town called Oakville. Although Oakville has a population of over 200,000 residents, it is still officially a town and not a city. In fact, it’s the largest town in all of Ontario.
Most people will know of Oakville because it is home to some of the most prestigious and stunning luxury homes in Canada. And while it’s true that these mansions live in the dreams of most Canadians, most homebuyers may not know that regular homes in Oakville are not that much more expensive than Toronto, and in some cases slightly cheaper!
We’re going to look at why you will be proud to call Oakville your next home, and what the real estate statistics show us when it comes to affordability.
Exploring Oakville's Real Estate: Luxury Homes and Vibrant Neighbourhoods
Oakville has been long known as a distinguished community to live in. Some of the most luxurious and sought-after homes can be found in areas of the town such as Old Oakville, South East Oakville, and all along Lake Ontario. In these areas you are looking at homes worth at least $15 million dollars.
However, the rest of Oakville is made up of vibrant neighbourhoods where you’ll find more affordable real estate that allows you to enjoy the prestige and benefits of living in Oakville.
Based on September 2024 statistics from the Toronto Regional Real Estate Board (TRREB), here are the average prices for property types. Here we can see the percentage difference
PROPERTY TYPE | OAKVILLE | CITY OF TORONTO | PRICE DIFFERENCE |
---|---|---|---|
Detached | $2,193,729 | $1,685,755 | -30% |
Semi Detached | $1,076,667 | $1,299,324 | 17% |
Townhomes | $1,146,384 | $1,221,039 | 6% |
Condo Apartments | $684,072 | $707,917 | 3% |
Condo Townhouse | $765,207 | $833,706 | 8% |
Attractions, Affordable Homes, and Future Growth
Despite the numbers confirming that detached homes in Oakville are on average more expensive than Toronto, there are semi detached homes and townhomes that are on average 17% less in Oakville.
If Oakville is a place that you haven’t yet explored, there are currently homes for sale starting at $549,000. To see a full list of properties available, click here.
Location, location & location!
Commuting from Oakville to Toronto is about as convenient as it gets. If you’re taking the GO Train in the morning from Oakville GO down to Union Station, the trip takes on average between 33-43 minutes.
Due to the prime location of Oakville, residents have the option of taking the QEW straight downtown or Highway 403 to Highway 401 to the upper areas of Toronto, making the town one of the most accessible areas in the Greater Toronto Area. In the other direction, Oakville is only an hour drive from the US border.
In past surveys, Oakville has consistently been ranked as one of the best cities in Canada to live in. It scores high on safety, low crimes, great employment opportunities, health care, and schools. According to a 2024 Community Satisfaction Survey, satisfaction in Oakville is at 89%. For the fifth year in a row, Oakville has been named one of the best locations to invest in Canada, according to Site Selection Magazine.
One of Oakville’s most striking features is its natural beauty. Much of the town runs along Lake Ontario, complete with parks and trails that offer beautiful views of the waterfront. To the north, there are plenty of green spaces and conservation areas that provide residents lots of opportunities to enjoy life outdoors. In total, Oakville has over 3,200 acres of parkland and 200 km of trails to explore.
Visitors to Oakville can download the Driftscape App that provides lots of useful information about the town and the attractions that are available to visit.
Fun fact: According to Environment Canada, Oakville has the best weather in Canada, with the right amount of precipitation and days under 0 degrees
Oakville is also home to Glen Abbey Golf Club, a ClubLink course designed by legendary golfer Jack Nicklaus, and host of major events like the RBC Canadian Open, PGA tour events, and Canada’s National Open Championship.
- Gairloch Gardens
- Bronte Creek Provincial Park
- Lion’s Valley Park
- Bronte Heritage Waterfront Park
- Coronation Park
- iFLY Oakville Indoor Skydiving
- Downtown Oakville
- The Ranch
- Kerr Village
In development news, a large master-planned mixed-use development called Palermo Village
You can make a big difference in the home buying and selling process before you start looking to move by choosing the right REALTOR. We want to ensure you understand the unique benefits of working with us.
Education in Oakville: Full List of Schools
Families are drawn to Oakville for its reputation for educational excellence. The town is home to many top-rated public and private schools. Oakville has one of the highest ratios of private schools to student population in the country. The town is home to Appleby College, a private school for grades seven to twelve, established in 1911. Oakville is also home to Sheridan College, a renowned animation and business studies institute, and Oakville’s only higher education facility.
To search for school rankings from the Fraser Institute, click here and search for Oakville.
To see a full list of schools in the town, you can check the Halton District School Board website and the Halton Catholic District School Board.
Oakville offers a compelling package for those seeking a high quality of life in a picturesque setting. While the cost of living reflects the town’s desirability, many find the investment worthwhile for the exceptional lifestyle Oakville provides. From its natural beauty and strong community to its excellent schools and diverse amenities, Oakville continues to attract those who value a premium living experience in one of Ontario’s most prestigious communities.
REMAX TEAM Paliwal is right for you
Pratik Ashok
I want to take this opportunity to heartily thank Pankaj Bajaj and Gyanesh Paliwal of RE/MAX Team Paliwal for helping me in buying my first property. Given the nature of my work/ life balance, I didn't have much time to research and understand the property market and needed a trusted advisor who can help me navigate that. That's where the team Paliwal came in and did a stellar job. They are very knowledgeable, thorough, and always have your best interest in their mind. I am very happy and satisfied with my purchase.
They were recommended to me by one of my colleagues and I can't be more thankful to him. And the team didn't bid goodbye after the transaction was completed. I still send them questions and Pankaj is very prompt in helping me with the same. I remember Pankaj telling me at the very start that "they are not trying to sell me a property, rather they are trying to make me comfortable and have a lasting relationship built on Trust" and I can say they indeed did that.
You can make a big difference in the home buying and selling process before you start looking to move by choosing the right REALTOR. We want to ensure you understand the unique benefits of working with us:
- We ALWAYS have a detailed in-person or Video call meeting with every client because we know you have specific needs. We plan a personalized road map and process for your move.
- We aim to reply to every inquiry within 10-30 minutes because we know you want reliable communication with your agent.
- We work hard to stay ranked in the top 50 teams in Canada at REALTOR.CA and RE/MAX because we know you want experience and expertise.
How are we so sure we are the right fit for you?
RE/MAX Team Paliwal is a small team of highly accomplished real estate agents with more than 40+ years of combined experience in the Greater Golden Horseshoe Area. Our reputation for a thorough process attracts many first-time homebuyers, but we also work with all buyers and sellers aiming to upgrade their homes.
After hundreds of successful deals, we are fortunate to be one of the most trusted and highly reviewed real estate teams online. You can find all real testimonials and reviews of our team on RankMyAgent.com, a verified review platform by the Canadian Real Estate Association and realtor.ca.
Our team has ranked in the top 50 teams in Canada at RankMyAgent.com for the last 3 years, and our team leader Gyanesh Paliwal is the recipient of RE/MAX International’s Hall of Fame Award, Lifetime Achievement Award, and Titan Club Awards.
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