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Oakville Real Estate - New French Catholic High School

The 'Oakville Real Estate' market will soon have a new French Catholic High School to offer to its residents. NORTH OAKVILLE TODAY - Bienvenue à la nouvelle école secondaire. Southern Ontario’s French Catholic school board, Conseil scolaire de district Catholique Centre-Sud (CSDCCS), announced Monday that they are planning to build a new high school in North Oakville. The board said they recently acquired a plot of land, at 2480 Dundas Street West, the proposed home of the school, located on the south side of the street to the east of Bronte Road. The property is located in the future development of “Millstone in the Park” by Fernbrook Homes, Menkes Developments. Read more...

Oakville Real Estate and GTA Market Watch

The healthy fall market continued in November and early December throughout the GTA and the Oakville Real Estate area according to figures recently released by The Oakville, Milton and District Real Estate Board and the Toronto Real Estate Board. Greater Toronto and Oakville Realtors reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year. There was also a healthy increase in the number of Oakville Homes for Sale. The average price for November transactions in the GTA was $480,421, representing an increase of almost 10 per cent over the $437,494 that was reported in November 2010. The average sale price in Oakville came in at $588,557. Year to date, the average prices are up 8.5 percent in Oakville and year-to-date sales were up by 8.8 percent, reflecting the market’s strong showing over the past several months. Oakville Real Estate Agents reported monthly sales totalling 642. Read more...

Bank of Canada Maintains Overnight Rate at 1%

OTTAWA, March 1 /CNW/ - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is proceeding broadly in line with the Bank's projection in its January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing challenges associated with sovereign and bank balance sheets will limit the pace of the European recovery and are a significant source of uncertainty to the global outlook. Robust demand from emerging-market economies is driving the underlying strength in commodity prices, which could be further reinforced temporarily by supply shocks arising from recent geopolitical events. Read more...

Buyer Beware! Warns Canadian Association of Movers

There are many reputable moving companies throughout the GTA and in working in the 'Oakville real estate' market, but it is important to exercise some caution when choosing a mover. Nowhere is there is a stronger case for “Buyer Beware” than in the moving industry. In a statement released today, the Canadian Association of Movers cautioned consumers against “"rogue" movers” and offers tips on “moving to protect them from over-charging, broken promises and unfair practices.” Read more...

Oakville Real Estate and GTA Market Watch

The Oakville real estate market has been very healthy so far this year, and all indications suggest it is picking up strength coming into the spring market. The mild winter and lack of snow has had many buyers out looking earlier than usual, and the limited number of Oakville homes for sale has led to many homes selling quickly, often within days of coming on the market. The average price of a home in Oakville came in at $685 155 last month, representing a 6.4 per cent increase over the average price in February 2011. The median sale price of an Oakville home rose by 15.3 per cent over the same period last year to $576 000. Oakville Real Estate Agents reported 272 homes sold in February, which was up 10.5 per cent over the number of Oakville homes that sold in the same month last year. The number of new listings for the month was also up by 3.3 per cent over the new listings reported in February 2012. While there are more new listings, the tight supply of Oakville homes for sale and the number of buyers in the market continues to push prices higher. Read more...

Oakville Real Estate and GTA Market Watch

While it has been unusually warm outside so far this spring, it seems that the real heat is in the Oakville Real Estate market. The high demand for resale homes in Oakville, and the tight supply of Oakville homes for sale has helped push prices to a new high. The average price of a home in Oakville came in at $709 417 this May, up 13.62 per cent over the average price of $624 366 that was reported in May of 2011, and represents a 1.5 per cent increase since April of this year. Oakville Real Estate Agents reported 409 homes sold in May, which was exactly the same number of Oakville homes that sold in the same month last year. There has been a slight increase in the number of new listings, and this should help take some of the pressure off of buyers, and make it a little easier for them to find a home since there is a better supply of Oakville homes for sale. Read more...

Oakville Real Estate and GTA Market Watch

The Real Estate market has gotten off to a good start so far in 2011. Greater Toronto Realtors reported 4337 transactions through the Toronto MLS system in January 2011. “While off the record pace experienced a year ago, the GTA Resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” Said TREB President Bill Johnston. The average selling price for January 2011 sales was $427 037, representing an increase of four per cent compared to the average of $409 058 reported in January 2010. “The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” Said Jason Mercer, TREBS’s Senior Manager of Market Analysis. 'Oakville Real Estate agents' reported the sales of 96 'Oakville homes' in January Read more...

Oakville Real Estate and GTA Market Watch

The Oakville Real Estate market has remained healthy through the first half of 2013 according to statistics recently released by the Oakville, Milton and District Real Estate Board, and by the Toronto Real Estate Board. The average price of a home in Oakville was $744 724 in June, up 4.93% from June 2012. Year to date, the average price of an Oakville Home is $755 154, representing a 6.95% increase over the same time last year. The total number of home sales also increased last month with Oakville Real Estate agents reporting 283 sales, which represents a 7.2% increase over June of 2012. Read more...

Oakville Real Estate and GTA Market Watch

We are officially in the midst of another strong spring market. The Toronto Real Estate Board released the March statistics today, and they showed that Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010. 'Oakville Real Estate Agents' reported 206 'Oakville Homes' sold during the same time. Read more...

Jack’s ‘miracle’ lemonade stand returns

Pennies spent at a child’s lemonade stand can go a long way — not just for eight-year-old Jack Yeilding, but lots of other children who need miracles. Saturday, May 28 will be the fifth edition of Jack’s Lemonade Stand. The fundraiser that began as a simple driveway lemonade stand run by Jack, an Oakville boy with intractable epilepsy, has raised more than $225,000 for Toronto’s Hospital for Sick Children. Even more amazing is the epilepsy that threatened Jack’s life was eliminated less than two years ago by brain surgery at the hospital. This year’s event promises to be as much fun as its predecessors with a special guest this year being a tiger. The fundraiser, in support of the Hospital for Sick Children, will run from 9 a.m. to 2 p.m. at Pine Glen Park on Third Line — rain or shine. Originally hosted at Jack’s home, the event has now moved to the park to accommodate all it has to offer. Read more...

Oakville Real Estate and GTA Market Watch

Oakville home sales heated up in July according to figures released recently by the Oakville Milton & District Real Estate Board (OMDREB) The number of Oakville residential sales in July climbed 12.44% over the same month last year and the average price of a home in Oakville this July rose 6.85% over July of 2013. The year to date average price of a home in Oakville came in at $808 805 representing a 7.62% increase over the same period in 2013 while the median home price rose 8.98% to $689 000 from the $632 000 median price reported in July 2013. Detached home sales accounted for 61% of the total homes that sold in Oakville during the month of July. Of all the detached homes that sold last month, 21.4% sold for a price between $800 000 and $1 000 000, while another 29.7% sold for a price that was over $1 000 000. Putting these numbers together shows that over half of all the detached homes that sold in Oakville last month had a price tag that exceeded $800 000. Read more...

Oakville Real Estate and GTA Market Watch

The average selling price of a resale home in the GTA for the month of February came in at $454,423. This represented an increase of over five per cent versus the average of $431,509 reported in February 2010. During the same time, the 'Oakville Real Estate' market saw the average price increase by 12% verses the same time last year. 'Oakville Real Estate agents' reported the sales of 239 'Oakville Homes' in February, with an average price of $645 904. Read more...

Bank of Canada leaves Overnight Rate at 1%

OTTAWA, April 12 /CNW/ - The Bank of Canada announced this morning that it will be maintaining its target for the overnight rate at 1 per cent. The bank rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Since raising its overnight lending rate to one per cent in September, the bank has held steady for five consecutive policy decisions. The decision to keep the rate unchanged should benefit home buyers throughout the GTA and 'Oakville Real Estate' markets as mortgage rates should also remain low in the short term. The Prime Rate is currently at 3.0 per cent. You can always find the current mortgage rates, and some useful mortgage calculators, on the Mortgage Rates and Calculators page on this website. Read more...

Oakville Real Estate and GTA Market Watch

The Oakville Real Estate market is off to a strong start so far in 2015 according to figures recently released by the Oakville, Milton and District Real Estate Board (OMDREB) The average price of a house in Oakville for January of 2015, was $808 105, which represents a 7.83 per cent increase over the average price of $749 456 that was reported in January of last year. The median price of an Oakville home rose 12.08 per cent over last year to $694 900. 135 homes in Oakville changed hands in January, which is pretty consistent with the activity we saw last January when there were 137 home sales. The average number of days it took for a home to sell in January was 30. Read more...

Housing Starts Rise in March: CMHC

The latest figures released by the Canadian Mortgage and Housing Corporation (CMHC) showed that housing starts rose in March. Housing data continues to be positive, and it seems like there is some balance coming back to the market- with increases in some regions, and decreases in others, resulting in an overall upwards trend. The seasonally adjusted annual rate of housing starts registered in at 188,800 units in March- which is a rise up from 183,700 units in February 2011. The Oakville real estate market played a small role in helping increase the numbers that were led higher predominantly by Ontario and the Atlantic region. Read more...

Oakville Real Estate and GTA Market Watch

Greater Toronto REALTORS® reported 10,046 sales in May 2011 – up six per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15 per cent compared to last year. Oakville Real Estate agents reported the sales of 257 Oakville Homes last month, which was up 12.7% over last month, and 40% above sales reported for the same month last year. While sales in the Oakville Real Estate market were up last month, there were only 519 Oakville Homes for Sale which was down 18.6% from May of 2010. The tight supply of homes has led to more competition among buyers for homes that show well and are priced right. Read more...

Oakville Real Estate - C'est Cheese & Meats

“I like good food, and I know what good food is,“ Chef Oleg Popov of C’est Cheese & Meats said on a quiet Wednesday afternoon. Popov has been running his own butcher shop alongside his wife at the Upper Oakville Shopping Centre for the last five years. Popov runs this butcher shop, but also happens to be Certified Chef de Cuisine, which is the highest professional culinary recognition in Canada. He’s charming, as is his butcher shop. He runs every aspect of his shop, from ordering his foods, to washing dishes and floors at the end of each day. The door opens and a bell rings as a customer walks into his store. As he serves a sandwich to one of his regular customers, he was asked whether he is a professional chef, or butcher. That question he claims is unfair. Read more...

GO Transit Welcomes Back Niagara Falls Rail Service

GO Transit will be once again offering weekend rail service between Toronto and Niagara Falls beginning on Victoria Day weekend. Weekend train trips will run Fridays, Saturdays and Sundays, and are great for those in the Oakville Real Estate area looking to get away for the day. "We are pleased to be able to restore our weekend rail service between Toronto and Niagara Falls," said GO Transit President, Gary McNeil. "Passengers rely on our rail service to provide a fast, convenient and cost effective travel option for their summer weekend getaways. We know that we will also attract new passengers who want to explore the beautiful Niagara Region." Read more...

Oakville Place Farmers' Market now open for season

The Oakville Place Farmers’ Market opened for its fourth consecutive season last week and will now be open every Thursday right through to Thanksgiving weekend. The market’s main feature is Ontario-grown fruit and vegetables, that are available from vendors including Blyleven Farms, McNiece Greenhouse & Produce, Richardson Farms, Andrews Scenic Acres, Hillsview Farms and Thames River Farms. The farmers hope to nurture the growing enthusiasm for eating quality locally-produced foods. Ontario field strawberries, sweet peas, asparagus, rhubarb and Ontario greenhouse tomatoes and peppers are among the early new crops that will be available when the market opens again this week. Read more...

Downtown Oakville open for business Canada Day!

Oakville’s downtown core has been declared a “tourist destination” by the Region of Halton and Town of Oakville. “This is fantastic news for downtown Oakville!” Says Joseph Diodati, Chair of the Downtown Oakville BIA. The mandate of the Downtown Oakville BIA is to promote and enhance the downtown area and make improvements to municipally owned properties. With that mandate comes over $900,000.00 in investment from the BIA members which goes into the promotion and enhancement of the downtown area. Approximately $750,000 is through the BIA Levy – an additional tax above the commercial tax levy and the rest comes from corporate sponsorship, donations, revenue generation and grants. “This little gem called downtown Oakville is dynamic, its’ cultured and most importantly progressive” Says Marcia Small, Downtown Oakville Board member and business owner who was instrumental in this exemption. Read more...

Oakville Real Estate and GTA Market Watch

The month of June saw a rise in both average prices and home sales according to statistics released this week by the Toronto Real Estate board and the Oakville - Milton District Real Estate board. Greater Toronto Realtors reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010. Oakville Real Estate agents reported a total of 356 Oakville homes sold last month, up 24.5 per cent over June of 2010. The average price for June transactions in the GTA was $476,371 – a 9.5 per cent increase over June 2010. Through the first six months of the year, the average selling price was $467,169 – almost an eight per cent increase compared to the same period in 2010. The average price of an Oakville home for the first six months of 2011 came in at $613,880 versus $572,046 for the same period in 2010 – an increase of 7 percent. Read more...

Big Banks Lowering Mortgage Rates

Some of Canada’s biggest banks are lowering some of their fixed rate mortgages to counteract the effect of jittery investors moving to bonds, which causes a drop in long-term interest rates. Investor's nerves have been shaken by the recent tragic events in Japan and fears that a potential nuclear disaster could create serious problems for the Global economy. Read more...

Oakville Real Estate – Leader in Trenchless Technology Construction

The Halton Region was recognized for its commitment to trenchless technology on construction projects this week. During its 20th anniversary, the North American Society for Trenchless Technology (NASTT) recognized Halton Region for its significant contribution and education to trenchless technology, which refers to construction methods that repair, replace or install buried pipes and structures without any, or minimal, excavation. This has had an impact on the Oakville Real Estate market by keeping the road delays to a minimum while development continues to the Northern Oakville Real Estate area. Read more...

Oakville Real Estate and GTA Market Watch

Existing home sales in the Oakville Real Estate market increased significantly in July reflecting a strong local real estate market. Oakville Real Estate agents reported a total of 290 Oakville homes sold last month, up 46 per cent from the 199 reported in July 2010. The average price of a home in Oakville rose to $602 342 in July, up 19 per cent over the average price of $504 097 that was reported in July 2010. Another positive note was that there were more Oakville homes for sale, making it a little easier for buyers to find the perfect home. New listings in Oakville increased by 13 per cent after having remained flat over the previous few months. The year-to-date home sales in Oakville totalled 2182 at the end of July, and the year-to-date average selling price came in at $611 758. Read more...

Win a luxury dream home in Oakville

Oakville is home to some of the most impressive real estate in Canada, and now, you could be the proud owner of one of the most outstanding new residences in town. Oakville is pleased once again to be the chosen site for the Princess Margaret Welcome Home Sweepstakes Showhome. Located at 1259 Braeside Drive, off of Morrison Road, this Grand Prize is valued at just under $4 million. Kevin Shea, Manager of Public Relations for The Princess Margaret Hospital Foundation explains why the area continues to be the ideal site. “Southeast Oakville has been our location of choice for The Welcome Home Sweepstakes Showhome since 2007, and it continues to draw big crowds to see the amazing work of House & Home and PCM Construction.” Read more...

Oakville Real Estate – $11M spent on creek clean up

NORTH OAKVILLE TODAY - It’s been just over a year since an unknown substance was found floating down Bronte Creek and it was discovered that a nearby petroleum pipeline had cracked. Over the past 12 months, a massive clean-up effort has been undertaken at the scene near Bronte Road and Speers Road to try to restore the sensitive environmental area. On March 11, 2010, Town of Oakville staff responded to reports of a sheen on the surface of Bronte Creek and five days later, it was discovered that the source of the material was a cracked pipeline owned by Trans-Northern Pipelines Inc. At the time it was estimated that 90,000 litres of petroleum product escaped into the environment. Since then, the pipeline has been replaced, a massive excavation has taken place and groundwater has been treated and returned back to the creek. Read more...

Oakville Real Estate and GTA Market Watch

The tight market has resulted in strong price growth in April. Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year's record result, April 2011 sales were in line with the average April sales level reported over the previous five years. Oakville Real Estate agents reported 319 Oakville homes sold in April, which was down from the 392 reported in April of 2010. The decline is attributed to the lack of suitable Oakville Homes for sale to meet the demand in the current market. Read more...

Oakville Real Estate and GTA Market Watch

Resale housing sales continue to be strong in the Oakville Real Estate market, and throughout the GTA according to statistics recently released by The Oakville & Milton District Real Estate Board (OMDREB) and the Toronto Real Estate Board. The average price of a home in the GTA rose by 9.3 per cent in September to $465 369 compared to the $425 757 reported in September 2010. The average price of a home in Oakville came in at $582 316. GTA and Oakville Realtors reported 7,658 transactions in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. Read more...

Oakville Real Estate Market Watch

The tight supply of Oakville homes for sale last month helped lead to a stronger price increase than was expected in the Oakville Real estate market for the month of April. As the number of new listings dropped during the month of April, so too did resale housing sales, according to figures released by the Oakville, Milton and District Real Estate Board this week. New listings in the Milton and Oakville Real Estate areas declined from 1,764 in April 2010 to 1,558 last month, a drop of 11.6 percent year over year. Read more...

Oakville Real Estate and GTA Market Watch

The Oakville Real Estate market is on track for a strong finale to 2011 as home sales remain brisk, according to figures released recently by the Oakville, Milton and District Real Estate Board. The average price of an Oakville home increased to $641 909 in October, representing a gain of 16.6 per cent over the $550 636 average price reported in October 2010. The average selling price of a home in the GTA came in at $478 137, which was up eight per cent compared to the same time last year. October sales of existing homes reported by Milton and Oakville Realtors through the OMDREB MLS® system totalled 754 – a 12.3 per cent increase over October 2010, and year-to-date sales showed a 9 percent gain over 2010. There are also more Oakville homes for sale as new MLS listings in the area were up by more than 10 percent in October 2011. Read more...

Oakville Homes - Freehold Townhomes

There are a wide variety of both Freehold and Condo Townhomes available in the 'Oakville Real Estate Market'. Freehold Townhomes, or Attached/Row homes as they are also commonly referred to differ from Condo Townhomes in several ways, but the most important distinction comes down to the land that the home is situated on. A Condo Townhome will usually have an address such as ‘123 Any Street Unit 45’ and be situated within a complex on private property. The land that it is situated on, including the yard, driveway, and roads are owned collectively by all of the unit owners and are known as the ‘common elements’. Read more...

Oakville Homes - Condo Townhomes

Condo Townhomes in the 'Oakville Real Estate' market make up about 8% of all of the 'Oakville homes' that sell in a typical month, and range in price from around $240 000 at the entry level up to around $800 000 or more at the high end. Currently the average price of a Condo Townhome in Oakville is $386 140 while the Median price is $332 750. Condo townhomes cater to a wide variety of buyers. They can offer entry to the market for a first time buyer as the most affordable option, to a lifestyle choice for the most affluent buyer. Read more...

Oakville Homes - Detached Homes

The 'Oakville Real Estate' market has everything one can imagine when it comes to Detached homes. You can find anything from a cozy home on a modest lot to a multi-million dollar estate with Riparian rights. Detached homes can also vary widely in the types and styles available to choose from. You will find anything from Bungalows and Raised Bungalows, Side Splits and Back Splits to 2 and 3 story 'Oakville homes'. The type and style tend to vary with the age and location of the neighbourhood. You will usually find bungalows and sidesplits in some of Oakvilles more established neighbourhoods, and in the newer developments the most common home you will find is a 2 storey with a single or double car garage. Read more...