Houses for Sale in Oakville, ON

Bronte, West Oak Trails and Glenorchy are Oakville's most popular neighbourhoods. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.

Every city has its expensive neighbourhoods, and in Oakville they are The Parkway, Old Oakville and Eastlake. Neighbourhoods are ranked by assessing the average sold price during the past 12 months, and compared to all of the other neighbourhoods in the city. Not everyone can afford a home in Oakville's priciest neighbourhoods. But River Oaks, Clearview and Glenorchy offer incredible value at a much lower cost.

Uptown Core, Palermo Village Center and College Park are Oakville's cheapest neighbourhoods. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. Many properties in Oakville's least expensive neighbourhoods are selling below the city's average of $1,730,648.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Oakville. This tax helps pay for a variety of services, including garbage collection and snow removal. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. Some Oakville residents assume they'll pay more in taxes, depending on the size of their home. However, that's not necessarily true as the city's tax rate is multiplied by the property's current market value - and that can change each year based on the sale of nearby homes. For example, if the assessed market value of a house is $750,000 and the property tax rate is 0.5% - the homeowner would pay $3,750 to their municipality that year.

Strata.ca is the premier real estate website because it displays every home available in Oakville and the listings are updated multiple times per day. In addition to listing details, imagine having the ability to search historical data for every property in Oakville. This kind of intel can give you an edge in the local market.

Oakville has a walk score of 39, meaning it's much easier to get around the city with a car than by foot. And with a transit score of 34, this city offers few public transportation options. Last but not least, Oakville's bike score is 58, meaning there is some bike infrastructure available.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Oakville. These fees are standard in real estate, but can still catch you off guard if you're unprepared. When searching for a house in Oakville, buyers will typically take into account 1.5% - 2% of their budgeted purchase price for closing costs. For instance, 2% in closing costs on a $500,000 house would be $10,000. Because these charges cannot be lumped into your mortgage, it's crucial to have this money upfront upon closing. In Canada, regardless of where you purchase, all buyers must pay a land transfer tax. These amounts are set up by the individual provinces, with some municipalities imposing a second tax upon closing. If this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. A real estate lawyer is necessary to finalize any purchase in Oakville, so you'll want to include their fees in your closing costs. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.