Wealthy individuals have found a new spot in Canada and more and more of them are interested in buying high-end properties there. Oakville is a suburb, part of the Greater Toronto Area and it looks like it’s the new place for luxury home buyers. If you too are looking for a home here, our Oakville luxury estate agents are more than happy to assist you and help you find the perfect, most extraordinary estate.
Moving to Oakville
Founded in 1857, Oakville is a place with a vast heritage and an impressive community. This is a destination for both people who come to visit or live here. They choose this place for many reasons. It has great neighborhoods and excellent quality schools, it’s good for doing business, it has a charming shopping district in the downtown, it’s close to Lake Ontario and Toronto and the access is easy.
It also has a strong and diversified economic environment which makes this town a great place for new or expanding businesses. There are headquarters located here, representing well-developed industries, such as automotive, technology, aerospace, business service, pharmaceutical, and tourism.
The Real Estate Market in Oakville
Things started to look up for this town in the last few years. Back in 2006, there were 165,000 residents. The number grew to 182,000 in 2011, according to the latest census. So, the population increased by over 10% in just 5 years, this change being visible in the real estate market as well.
In comparison to the previous year, it looks like the prices have increased, but so did the inventory and the number of sold Oakville Luxury Homes. This means that there was a growth in demand, increasing the property value.
Luxury Real Estate
This suburban town is the perfect place for high-end properties. Being located on the shore of Lake Ontario makes it easy to for those who are looking for waterfront homes, those built on Oakville Luxury Property are some of the best around.
It all started twenty years ago when a home owner contracted a $37 million mansion to be built. And that was only the beginning. People began to notice the potential that lies in this town and continued to buy and build here. Starting with 2013, the luxury properties sales have begun to grow. There was a 19% increase in sales in correlation to the previous year, the stable economic environment and the safe community experience seems to attract buyers to this place. All these elements reassure them that they are making a safe investment in a great place.
These days, if you’re looking to purchase a luxury property in Canada, consider choosing Oakville. Our luxury real estate agents, here at Greater Toronto Luxury Real Estate, are well trained and experienced in finding the best luxurious home that will fit your needs and desires. Contact us and discover the world of luxury and style that Oakville can offer.