Ranked as one of the best places to live in Canada, the Town of Oakville, is a highly desirable community offering a mix of urban town homes and multi million-dollar mansions.
Situated on Lake Ontario, this picturesque town is highly sought after for its small-town charm and proximity to the City of Toronto. Oakville offers a rich history, robust downtown core lined with fine dinning & charming boutiques, direct access to Lake Ontario with its multiple harbors & marinas and dedicated access to downtown Toronto with the Lakeshore GO line.
Considered an affluent community, Oakville offers beautiful multi million-dollar custom homes & mansions, on large mature lots with tree lined streets in the south end of the city. Homes in this area have been in high demand and resilient to major market corrections and have continued to be in high demand. The average household income of $162,000 is the 10th highest in the country and the value of the average primary residence is $1.2 million, the 13th most expensive in Canada.
In 2018 it was voted the best place to live in Canada by MoneySense Magazine. Oakville was not only the best place to live overall, but the best place for New Canadians, the third best place to retire and the fifth best place to raise a family. It’s certainly not the cheapest city in the country, but it has attracted a growing and increasingly diverse population because of its many strong points.
Over the past 10 years, the percentage of visible minorities in Oakville has increased from 18 per cent to 31 per cent, according to the census. With families priced out of Toronto flocking to new, relatively affordable townhouses and other high-density developments are taking shape in the north end of the town. Oakville also has a thriving economical footprint, with more and more businesses choosing to set up operation in town. Oakville has many advantages with its proximity to Toronto & America, quick access to two regional & international airports (Toronto & Hamilton), the express Lakeshore GO line into the downtown Toronto & lower cost of overhead versus Toronto. Recently there has been extensive development in office space and business parks in the town. Oakville also offers highly skilled labour pool, with over 80% of its residents holding a post secondary education.
Oakville offers a unique & refined living experience, one that its residence are proud of and look forward to sharing. If you are thinking of settling in the Greater Toronto Area or in close proximity to Toronto, this is one town that should be on top of your list.