Why Should You Invest in Oakville Real Estate?
The Town of Oakville is part of the Halton Region and is located in the Greater Toronto Area. Over 200,000 people live in the city, which has a diverse culture and is constantly growing. As part of the North Oakville Plan, the town plans on developing more residential and commercial areas, improving public transportation, and preserving the area’s green space in the northern part of Oakville. There are twelve unique neighbourhoods within its six divisions. A new development area is planned for north of Dundas St. W and south of Highway 407. Within Oakville’s municipal boundaries, there are numerous parks and green spaces, including Lions Valley Park and Bronte Creek Provincial Park. In the town’s various neighbourhoods, condos and townhomes have been built and sold, boosting the local economy and opening up more businesses and retail opportunities. Further, infrastructure has also been developed in order to serve the area’s growth, such as pedestrian paths and access points for public transportation.
List of New Townhomes in Oakville
Why Buy Pre-Construction Townhomes in Oakville?
Oakville is a great destination for real estate investment, convenient access to nearby cities via highways, and access to excellent schools. It also offers many jobs in a variety of sectors. The Town of Oakville is home to many national and international companies, including Ford Motor Company, Siemens, Canadian Tire Financial Services, WSP, and more than 300 companies in the life sciences sector. The city is known for having a high concentration of high-quality elementary and secondary schools, as well as the largest share of private schools in the country. Over 49,000 students attend Sheridan College’s main campus in Oakville, where they study Applied Health and Community Studies, Engineering Sciences, Social Sciences, and Business. The Halton District School Board, Halton Catholic District School Board, and independent school boards operate elementary and secondary schools in Oakville. Commuters can easily navigate Oakville and the Greater Toronto Area using Oakville Transit, GO Transit, and the QEW, as well as Highways 407 and 403. The town has excellent schools, safe neighbourhoods, attractions, and shopping areas surrounding its picturesque lake, so residents can take advantage of this when buying new townhomes in Oakville. Pre-construction townhomes in Oakville are a great long-term investment because their value is guaranteed to increase over time. The town of Oakville is an ideal place for people who want to experience a more casual atmosphere away from the city.
Oakville Transit and Accessibility
Oakville is a great destination for real estate investment, convenient access to nearby cities via highways, and access to excellent schools. It also offers many jobs in a variety of sectors. The Town of Oakville is home to many national and international companies, including Ford Motor Company, Siemens, Canadian Tire Financial Services, WSP, and more than 300 companies in the life sciences sector. The city is known for having a high concentration of high-quality elementary and secondary schools, as well as the largest share of private schools in the country. Over 49,000 students attend Sheridan College’s main campus in Oakville, where they study Applied Health and Community Studies, Engineering Sciences, Social Sciences, and Business.
Average Townhome Prices for Oakville in 2021
Year to date, the average sale price for all types of homes in Oakville, including new townhomes, is $1,471,838, according to TREB. In the Halton region, the average townhome sells for $949,242. Halton region’s average price for townhomes is higher than the average price of all the regions of the Greater Toronto Area, which is $946,412. In Oakville, the average listing price for a townhouse is $1,083,030 in 2021, and the average number of days for which it has been on the market is 9 days. Compared to Halton Region and Greater Toronto Area, townhomes in Oakville cost more than average. The benchmark price for townhomes is $860,500, a change of 23.62% over last year.
Living in Oakville
Oakville is a younger city that’s continually growing, with lots of possibilities for residential property investments and employment, as well as excellent town facilities and recreational activities. The town of Oakville is situated by Lake Ontario, in the center of the Golden Horseshoe region of Canada. There are over 190 parks and over 200 km of trails that residents and visitors can explore. As well as many community and city gardens. Residents can also walk along with the town’s waterfront parks and marinas and visit local shopping boutiques and dining at the lakefront commercial areas of Bronte Village, Kerr Village, and Downtown Oakville. Buying a new townhome in Oakville will allow you to take advantage of the exceptional facilities, renowned educational institutions, distinct and safe neighbourhoods, and state-of-the-art medical facilities. Residents can take advantage of the arenas, community centres, public pools, arts facilities, gardens, harbours, and many more recreational facilities in the town. The town is home to several acclaimed educational institutions in both public and private education systems, such as Abbey Park High School and St. Mildred’s-Lightbourn. Oakville has low crime rates and is one of the safest places to live in the Greater Toronto Area. The types of property types vary by neighbourhood. Moving north of Oakville are more suburban-like homes, and closer to the lakeshore are newer lakefront lots and modern condos. Oakville boasts over 300 life sciences companies and will be the future home to Oakville Trafalgar Memorial Hospital. There are over 200,000 residents in Oakville. With 68.71% of the population actively participating in the labour force. Oakville has four key industries driving its economy, including, Finance, Advanced Manufacturing, Life Sciences, and Digital Media, ICT and Film.
Oakville Neighbourhoods & Townhomes
Oakville is divided into 12 distinct neighbourhoods, each with its unique characteristics. Bronte Village, Uptown Core, Downtown Oakville, and Kerr Village are places to look if you’re looking for a pre-construction townhome in Oakville. If you’re on the market for new townhomes in Oakville. The Bronte Village neighbourhood is a popular place for newer homes. In many ways, Bronte Village is similar to one of its neighbours, Downtown Oakville, in that it is located near a lake and offers residents many unique amenities. Bronte Village has a mix of older homes as well as newer developments. Those who live in Bronte Village can stroll along with the waterfront parks and try out the many restaurants and boutiques along the waterfront’s main street. The Uptown Core neighbourhood of Oakville is located at the intersection of Trafalgar Rd and Dundas St E, at the center of the town. The Uptown Core consists of both commercial areas and suburban homes. Oakville is experiencing great growth, and there are many opportunities for individuals and families to purchase a new townhome. A bustling city feel permeates the Uptown Core, which features shopping plazas and a range of entertainment options. It is a safe and pedestrian-friendly area, which is close to public transportation and major roadways. This neighbourhood consists of single-family homes, townhomes, and condominiums. For residents of Uptown Core, commuting is easy since Highways 403 and 407 are within 10 minutes of the neighbourhood. The Downtown Oakville neighbourhood, also known as Old Oakville, is trendier and picturesque. Oakville’s downtown is located right on the lakeshore and is just south of the town. Downtown Oakville residents can enjoy strolling around the downtown area, where many boutique-style shops and local eateries can be found or strolling along the lakeshore. Public transit and highways are easily accessible in downtown Oakville, making road travel easy. Newer developments make up a big part of the residential properties in the neighbourhoods, so check it out if you’re looking for new townhomes in Oakville. Directly west of Downtown Oakville is Kerr Village which is also situated along Lake Ontario. The neighbourhood of Kerr Village is reminiscent of a small city by itself. As more people move to the area in search of lakeside living, there is a mix of older and newer homes. There are unique shops and restaurants in Kerr Village, as well as waterfront parks and trails. These neighbourhoods are excellent choices if you are looking for a new townhome in Oakville.
Questions & Answers
The advantages of buying pre-construction include lower competition, a higher return on investment, and the home can be customized. If there are multiple parties interested in the property when you are buying a resale townhouse, you may have to place a bid. The advantage of buying a pre-construction townhome is that you won’t have to worry about bidding wars and going over your budget because pre-construction homes are unreserved. Additionally, once the townhome is completed, you may see a greater return on investment since the property value will increase. You can also make upgrades to the townhome to make it more convenient for you.
Buyers of pre-construction properties may be required to pay development charges. Development charges are collected to help pay for the cost of municipal infrastructure for new developments and are collected when building permits are issued. The amount charged will depend on the municipality that the development will be located in and is subject to each city’s by-laws. Development charges will also be determined based on the type of residential property.
Construction delays are inevitable, whether they are caused by the weather or a shortage of materials. The contract between the buyer and developer will dictate what will happen if a delay occurs during construction. You may be entitled to compensation if the occupancy or construction is delayed, under new home warranties in Ontario. Before buying a pre-construction property, a real estate lawyer should be consulted. A lawyer will be able to inform you if there is a breach of contract or to provide you with a clear overview of everything you need to do to buy the home legally.