Oakville is typically thought of as an affluent area. In fact, in 2017 its residents were found to have the highest median income in Canada. The average selling price for a home in Oakville is $1 million, giving the Town the title of the second most expensive housing prices in the GTA.
Is Oakville cheaper than Toronto?
Cost of Living Comparison Between Toronto and Oakville You would need around 6,462.01C$ in Oakville to maintain the same standard of life that you can have with 6,500.00C$ in Toronto (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.
Is Oakville most expensive?
According to HelloSafe, Oakville-Milton is currently the most expensive area to buy a home in the province, with the average transaction price hitting $1,335,200 in March 2021, a 20% year-over-year increase from March 2020, when the prices were an average of $1,113,200.
Why are homes in Oakville so expensive?
Why have homes in Oakville and Burlington along with Milton and Halton Hills become so expensive? The cost of a house in Halton is high, and likely getting higher. Bidding wars have become a common practice of the buying process. Multi-hour lineups occur around the region for the release of units in a new development.
Is Oakville Ontario a good place to live?
In a ranking of 415 cities, towns and villages, MoneySense Magazine has named the Town of Oakville as the best place to live in Canada. The online magazines rankings are based on the economy, affordability, safety and culture of each municipality, as well as access to health care services, transit and schools.
How safe is Oakville Ontario?
Crime rates in Oakville, CanadaLevel of crime23.20LowProblem people using or dealing drugs35.26LowProblem property crimes such as vandalism and theft34.28LowProblem violent crimes such as assault and armed robbery22.91LowProblem corruption and bribery20.19Low8 more rows
Is Oakville a rich city?
Oakville, the richest town in Canada The average income in Oakville, a town located about halfway between Toronto and Hamilton, stood at $12,950 in 1976 — about $56,750 in 2020 dollars — making it the richest little town in Canada.
What is the richest part of Oakville?
Most Expensive Neighborhoods In Oakville, ONOld Oakville. Population 5,843. Ford. Population 6,469. Southwest Oakville. Population 4,532. 16 % Joshua Creek. Population 11,502. 8 % Bronte East. Population 12,897. 4 % Downtown Oakville. Population 1,014. 4 % Iroquois Ridge North. Population 20,612. 3 % Glenorchy. Population 9,006. 3 %
Is it good to buy condo in Oakville?
An investment in Oakville is a good choice Whether you are wanting to buy a condo to live in yourself or youre looking for an investment property to flip or rent, you really cant go wrong with purchasing in Oakville. And with property value only increasing over time, your investment is bound to pay off.
Is Oakville cheaper than Mississauga?
Cost of Living Comparison Between Oakville and Mississauga You would need around 6,109.25C$ in Mississauga to maintain the same standard of life that you can have with 6,400.00C$ in Oakville (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.
Is it worth living in Oakville?
Outstanding Oakville, Ontario In 2018, MoneySense Magazine voted it Canadas best place to live, citing multiple reasons why. Oakvilles close proximity to Toronto is very important to residents as well as its distance, which enables them to enjoy both a big city and small-town life simultaneously.
What is Canadas richest province?
The Top 7 Richest Provinces in CanadaAlberta – C$78,154. Alberta is a province in the western section of Canada. Saskatchewan – C$70,654. Newfoundland and Labrador – C$65,556. Ontario – C$48,971. British Columbia – C$47,579. Manitoba – C$44,654. Quebec – C$43,349.
What is Oakville Ontario known for?
Nestled on the shores of Lake Ontario, in between Toronto and Niagara, the beautiful Town of Oakville is known for its picturesque harbours, vibrant shopping districts, active arts community and some of the best dining options in the Greater Toronto Area.
Where is Canadas largest abandoned mansion?
Canadas largest house is a 65,000-square foot mansion thats abandoned and decaying.Named the Peter Grant Mansion, the building sits on 43 acres on the shores of Lake Temiskaming in Northern Ontario. •Jun 24, 2021
What is the richest house in Canada?
The most expensive house in Canada comes in at $59 million and even has its own name — Chelster Hall. The sprawling Oakville country mansion is equipped with six bedrooms, 13 bathrooms, and 30 parking spaces — enough for your entire extended family to visit during the next reunion.
Why do people want to live in Oakville?
Oakville residents enjoy access to Torontos strong job market while maintaining the benefits of a smaller suburb. People from all walks of life have taken notice. “Oakville is a city that calls itself a town and acts like a village,” he says. “Oakville as a community is determined to maintain that town vibe.”