Top 3 Reasons to Call Oakville Home
Thursday Sep 27th, 2018Share
We want you to love Oakville as much as we do! Did you know that Oakville was named Canada’s best place to live by MoneySense. The city is a welcoming place for everyone, not just for those who can afford luxury living, including new canadians, people who want to start a family, and those who want to retire. The city ranks near the top as one of the main reasons business leaders, owners and employees choose our community to work and to live. Check out our top 3 reasons to call Oakville your new home.
According to census report, in the past few years, the number of visible minorities in Oakville has increased from 18% to 31%. With the Toronto housing market being out of reach for some families, Oakville offers affordable condos, townhomes and high-density development options. Though a smaller suburb the benefit is that residents do have access to the Toronto job market, as the transit infrastructure makes for an easy commute whether by train or bus.
Real Estate Value
The average value of a home in Oakville is $1.2 million, its property tax rate of 3%, its average annual property tax bill of $5,269 and its average rent for a two-bedroom apartment of $1,450. Within the last month there were 259 homes sold with an average asking price of $1,030,482. According to the city of Oakville, in the next 5 years there will be an increase in value of properties by 56.24% and year 10 there will be an increase of 111.37%. In the next 3 years condos will appreciate by 48.70%.
Prominent Educational Institutions
Oakville residents have access to some of the best schools around:
- Sheridan College – well-known for their digital media and animation programs
- Many of the best public and private schools in Canada, including Appleby College and MacLachlan College
- Top universities in the GTA are within driving distance including University of Toronto and McMaster University
Check out our latest project in Downtown Oakville by Rosehaven Homes:
The Randall Residences
300 Randall Street, Oakville, ON