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Overview of Oakville

oakville

Oakville

Situated in southern Ontario, Oakville is a wonderful area in which to live, work and/or raise a family.

About Oakville, Canada

As a part of Greater Toronto, Oakville is a suburban town located on the shores of Lake Ontario. It has a population of 193,832, as of 2016.In 2016, Moneysense listed it as the third best place to live in Canada. Oakville has a museum, the Oakville Gallery, and a symphony and ballet company. It also has a high percentage of private schools.

Residential Real Estate

Buying a home in Oakville is a wise decision. Prices of homes in Oakville, and the types of homes available for purchase range considerably.  Oakville has condominiums and townhomes, semi-detached homes, detached homes and multi-million estates.

Oakville’s Real Estate Trends

According to the Oakville, Milton and District Real Estate Board, homes prices have increased by almost 25% compared to 2016.

Selling a Home in Oakville

There is a demand for homes in Oakville. Oakville is known for its beautiful homes, and as such its glowing reputation continues to draw more residents to the area.

Oakville’s Demographics

Since 2006, Oakville has been gaining a younger population, compared to Canada as a whole. People under the age of 19 account for 28.1 percent of the population. Residents receiving a pension total 11.7 percent.In 2006, the median household income was $118,671 and the average house sale was $1,118,572.

Industries in Oakville

The top employers and number of employees

Halton Catholic District School Board – 4,592
Ford Motor Company – 4,500
Halton Healthcare – 2,290

Other industries in Oakville are UTC Aerospace Systems and Siemens, Tim Hortons and Mattamy Homes.