There are a variety of property types to choose from when looking for real estate in Oakville. There are 1,238 houses, 76 townhouses, and 257 condos for sale. For past listings, search our Oakville sold and expired listings. The average listing price in Oakville for all home types is $1,378,244, which is 15% higher than April 2017. The average list price differs significantly when broken down by home type. The average listing price of a house is $1,522,300, $598,935 for a townhouse, and $675,469 for a condo. There are many popular cities surrounding Oakville, including Burlington, Mississauga, Milton, Hamilton, Brampton, Vaughan, Toronto that offer a variety of home prices and unique areas to live. Oakville also has many options for renters with 1,508 active rental listings and an average lease price of $3,228.
Oakville is home to 15 unique neighbourhoods. Popular neighbourhoods include River Oaks, with 266 active real estate listings, West Oak Trails, with 254 active real estate listings, and Wedgewood Creek, with 158 active real estate listings.
Residents of the City of Oakville are expected to pay property taxes on all residences that they own. Property taxes can usually be found on each active Zoocasa listing, or can be looked up here. As of 2017, the estimated property tax residents can expect to pay is 0.798%
There is currently no municipal land transfer tax in effect in Oakville but the provincial land transfer tax still applies to all property purchases
See below for provincial land transfer tax rates.
|Ontario Land Transfer Tax Rates|
|$0 - $55,000||0.5%|
|$55,000.01 - $250,000||1.0%|
|$250,000.01 - $400,000||1.5%|
|$400,000.01 - $2,000,000||2.0%|
Oakville Land Transfer Example:
Purchase price = $300,000
|Purchase Price||Subtract Tax Brackets||Rate||Non 1st Time Buyer Tax Payable||1st Time Buyer Tax Payable|
|$0 - $55,000||$55,000||0.5%||$275||$0|
|$55,000 - $250,000||$195,000||1.0%||$1,950||$0|
|$250,000 - $400,000||$150,000||1.5%||$2,250||$475|
|$400,000 - $600,000||$200,000||2.0%||$4,000||$4,000|
|Non 1st Time Buyer||1st Time Buyer|
Located halfway between Toronto and Hamilton, and long Lake Ontario, Oakville is a suburban town in the Halton Region. In 2016, MoneySense rated Oakville as the 5th best place to live in Canada. The top employers in the city are in the education, healthcare and automotive sectors. Some popular events in Oakville include the Downtown Oakville Jazz Festival, Waterfront Festival, For the Love of the Arts Festival, Midnight Madness, and Oakville Family Ribfest.
As of the Canada 2016 Census, there are 193,832 people living in the city of Oakville. This represents a 6.2% increase from the 2011 Census population of 182,520. This is dramatically higher than both Ontario’s overall growth rate of 4.6% and Canada’s growth rate of 5.0%. A majority of the population in the city is of European descendent. The largest visible minority groups in the city include Chinese, South Asian and Arab residents.
The Halton District School Board governs 84 elementary schools and 18 secondary schools across the city with over 50,000 students.
|Elementary School Name||Fraser Rating (out of 10.0)|
|E J James||10.0|
|John T Tuck||9.1|
|Secondary School Name||Fraser Rating (out of 10.0)|
There are three major shopping centres in Oakville: Oakville Place, Upper Oakville Shopping Centre, and South Oakville Centre. Street retail shops are also available in the downtown area of the city.
There are currently no professional sports teams that call Oakville home. Most residents in the city visit Toronto for professional sports.
There are currently no regulations in place for short-term rental platforms like Airbnb in the city of Oakville.
Oakville Transit is the main transit system, operating a fleet of buses which service the entire city. There are currently no plans for any rapid transit systems to be implemented in the city. A majority of major routes run from 6:00 a.m. until 11:30 p.m., Monday to Saturday, and 8:00 a.m. to 7:30 p.m. on Sunday. A one-way fare on the Oakville Transit system is $3.75 for adults, children and seniors. A monthly pass can be purchased for $125 a month for adults, $80 for youth and $60 for seniors.
Since Oakville is part of the Greater Toronto Area, the city is serviced by two Toronto international airports: Toronto Pearson International Airport (YYZ) and Billy Bishop Toronto City Airport (YTZ).
YYZ is currently the busiest airport in Canada, handling over 45 million passengers annually. Pearson airport is located in Etobicoke, a 30-minute drive from the city core, and is the main air traffic hub for the Greater Golden Horseshoe region. Pearson has over 1,100 daily departures to more than 180 destinations around the world.
YTZ is a small international airport that is located on the Toronto Islands just south of Lakeshore Boulevard. Porter Airlines and Air Canada are the two primary airlines that serve this small airport, which has daily departures to nearby cities in both Canada and the US.
The biggest taxi company that operates in Oakville is United Taxi. Because taxis are difficult to hail on the go, it is best to book in advance or visit a train station or hotel where they are usually parked waiting for passengers.
An alternative to hiring a taxi in Oakville is Uber. Currently, Uber offers an expansive selection of options in Oakville including UberX, UberXL, UberSELECT, POOL, UberBLACK, UberSUV, UberAssist, and UberWAV.
The city is serviced by two main Ontario Highways: Ontario 403 and Ontario 407, which both bring traffic to and from the city of Toronto.
The only hospital in the city of Oakville is the Oakville Trafalgar Memorial Hospital which is located just north of the city.