Must-Have Information for Homes in Oakville, Ontario

CENTURY 21 Dreams Inc. | Thursday Apr 11th 2013

Tags:

• buy a home
• first time home buyer
• invest in real estate
• Oakville
• Ontario

There are many beautiful places to live in Ontario, and many terrific homes to be had. If you want to buy a home in the province in a great location next to some of the area’s best attractions, amenities, and business opportunities, Oakville may be for you.

Oakville, Ontario real estate listings are as hot as any other, which means finding homes in Oakville that fit your profile and your needs is easier than you think. If you want to buy a home in this city, here is some information you’ll need to know.

Oakville: A Brief Overview

With a population of 182,520 (as of 2011), Oakville is a bustling suburb in the Greater Toronto Area.  Located about 40 minutes southwest of the downtown Toronto area, Oakville is a growing city with plenty to offer.

One thing to note about Oakville is that it is one of the youngest and fastest-growing big cities in Canada as a whole. Over 28% of the population is below the age of 19. The population as a whole grew by 10.2% from 2006 to 2011.   

According to the 2011 Census, the median household income for the city was $83,982.

Navigating Oakville’s Neighborhoods

When going to buy a home and searching through Oakville, Ontario real estate listings, it’s important to figure out where you want to live – and what neighborhoods are nearby. The city of Oakville is divided into several communities. They are:

• Bronte
• Clearview
• College Park
• Eastlake
• Glen Abbey
• Iroquois Ridge North
• Kerr Village
• Old Oakville
• Palermo
• River Oaks
• Uptown Core
• West Oak Trails

Each has its own benefits and attractions, and each features great homes in Oakville for your selection.  Location is important, though, so it is key that you learn more about each of these communities as you go through your Oakville, Ontario real estate listings.

Learning About Prices of Homes in Oakville

Finally, it definitely pays to filter your search by how much you are willing to pay when you go to buy a home – and what homes fit that description.

In 2011, the average house value of homes in Oakville was $306,209, which is 3.6 times the median household income. You can find Oakville, Ontario real estate listings above and below that figure, which is skewed a bit by high-value homes in the area.

Needless to say, there are homes in Oakville that can fit your budget. It is still important, though, to thoroughly and accurately prepare a sound and realistic budget when you go to buy a home. Fortunately, Oakville prices are actually below the average home price in Ontario.

Oakville is a great potential destination for you and your family. Look for homes there today!