New Homes Oakville

New Home Developments in Oakville & Reasons to Buy

In Oakville, you can invest in a variety of real estate, find convenient access to nearby cities via nearby highways, and go to excellent schools and find a wide variety of jobs spanning a wide range of industries. Oakville is home to many domestic and international companies such as Ford Motor, Siemens Canada, Canadian Tire Financial Services, PwC, and over 300 life sciences companies. There is an abundance of reputable secondary and elementary schools in the city and one of the highest ratios of private schools in the country. More than 49,000 students are enrolled at Sheridan College’s Oakville main campus, which offers programs including Applied Health and Community Studies, Engineering Sciences, Social Sciences, and Business. Oakville has many elementary schools and secondary schools, operated by Halton District School Board, Halton Catholic District School Board, and independent school boards. Those who purchase a new home development in Oakville will have access to excellent schools and safe neighbourhoods, as well as the city’s lakeside recreation areas, green spaces, and downtown shopping district. Oakville Transit, GO Transit, and the QEW, as well as Highways 407 and 403, make it easy for commuters to get around Oakville and the GTA.

Working in Oakville

Oakville’s four key industries include Financial Services, Digital Media, Information and Communications Technology (ICT) and Film, Life Sciences, and Advanced Manufacturing. Oakville has more than 2,600 institutions that provide financial services, employing over 28,000 people. Siemens Canada, SNC Lavlin, and PwC are among the major financial services employers in Oakville. There are more than 904 companies in the digital media, ICT and film industry with more than 7,600 employees who work in areas like software development, film production, graphic design, and telematics. Oakville is home to several companies in the digital media, ICT, and film industries, including The Weather Network, Geotab, and Rockstar Games. In Oakville, there are more than 300 companies with over 10,000 employees that provide a range of services, from pharmaceuticals to medical services. One of the last key sectors in Oakville is advanced manufacturing, which includes almost 300 companies and over 8,000 employees in the automotive, aerospace, and energy industries. Within advanced manufacturing, there are several major companies, including Ford Motor Company of Canada, Mancor Canada Inc., and Collins Aerospace.

Average Prices for Homes in Oakville

The average selling price for all home types in Oakville is $1,482,150 in June 2024. Detached homes were $1,891,709 in June 2024, a 5.3% decrease from May 2024 with a median of $1,770,000 in May 2024 and $1,690,000 in June 2024. On the other hand, for semi-detached homes the average price has increased from  May 2024 i.e. $1,155,000, and $1,157,208 in June 2024 and the median for semi-detached homes was at $1,230,000 in May 2024 and $1,219,500 in June 2024. Renters will find the typical rental in the city at $3,682 per month which is a 40% decrease from the last 30 days. The decrease of 5.3% in the average price of detached homes from May to June 2024 is because of the decrease in demand whereas the increase in average price for semi-detached homes is because of the growing demand and a more affordable option than detached homes. The declining detached home prices and stable semi-detached home prices will encourage buyers to invest in the latter as a more affordable option.

Oakville Neighbourhoods

The city of Oakville has 12 distinct neighbourhoods, each known for its unique qualities. Some of the prime places to look when it comes to pre-construction homes in Oakville are Joshua Creek, Palermo, Uptown Core, and Kerr Village.

Located in the east end of Oakville and south of Dundas St E is the neighbourhood of Joshua Creek. This area is ideal for those seeking a suburban lifestyle and a family-friendly setting. Joshua Creek is accessible for all commuters, as it is situated alongside Highway 403 and has multiple surrounding Oakville Transit routes. Residents in the Joshua Creek area can easily travel to Mississauga since it sits on the border of the two regions. The area has top-rated schools and has easy access to the industrial and commercial area of town. If you are looking for a newly developed and revitalized area, consider the Palermo neighbourhood when looking for new home developments in Oakville. Palermo is a neighbourhood in west Oakville, with many properties being newer and large single detached homes. The centre of Palermo is 10 minutes away from the 403 and less than 5 minutes from the 407, and commuters can easily access transit services via surrounding bus routes. The majority of the homes in the area are custom newly developed detached homes. Palermo residents can enjoy nearby green spaces, such as Bronte Creek Provincial Park, which is 10 minutes away by car. If you are looking for a more urban and suburban atmosphere, look into the Uptown Core. In the Uptown Core, there are many commercial areas and suburban homes. As the northern part of the town is being developed, there will be many opportunities to buy a new home in Oakville. A bustling city feel permeates the Uptown Core, which features shopping plazas and a range of entertainment options. With its proximity to major roads, the Uptown Core is an easy way to get around by public transit, and it is a safe and pedestrian-friendly neighbourhood. This neighbourhood consists of single-family homes, townhomes, and condominiums. Uptown Core residents can get to Highway 403 or Highway 407 within minutes. Along the Oakville lakefront is Kerr Village, a neighbourhood that feels like a small town of its own. There is a mix of older pre-existing homes and newer developments as many people move to the area looking for lakeside living. Kerr Village is home to unique local shops, rich dining experiences, and many waterfront parks and trails. If you are looking for a new home in Oakville, then these neighbourhoods are excellent choices.