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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

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 - OREA explains the HST on youtube

The HST has been around for some time now, and most 'Oakville home' buyers are aware that the HST does not apply to resale home purchases, however, there is still a little confusion with some in the 'Oakville Real Estate' market about the HST. The Ontario Real Estate Association, in partnership with Ontario Revenue Minister Sophia Aggelonitis, have released a video to clarify the rules for those looking to purchase a home and to eliminate confusion around HST as it applies to resale and new home purchases. 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 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 Public Library available Online

If you can’t visit your local library in person, the Oakville Public Library is suggesting that you visit online. Many residents living in the Oakville Real Estate region are not aware of what the Oakville Public Library has to offer. The Oakville Public Library (OPL) is always available to you — on the Internet. In recent years, OPL has developed a detailed, user-friendly virtual branch, which offers a variety of services to the community without the concerns of line-ups or hours of operation. It’s as easy as creating a ‘My OPL’ account on the library’s website, where you can do anything from track your checked out items, place a hold, or renew items at any hour or pay fines. 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 - CH says now is the time to destroy Giant Hogweed

Conservation Halton is advising that if residents have giant hogweed on their property now may be the time to destroy it. Giant Hogweed is a noxious perennial plant that has been spotted growing in the Oakville Real Estate area mainly along Sixteen Mile Creek and in some of the town’s parks and natural areas. During the summer the invasive plant reaches heights of 2.5 to 4 metres, with leaves up to 1 metre in breadth. It has a thick, 5 to 10 cm hollow stem and large umbrella-shaped flowers that are white in colour and can be more than 30 cm in diameter. Read more...

Oakville Real Estate - Town Gets $15 Million

The Town of Oakville announced Friday it has received $15 million from a trio of developers in fulfillment of the 2006 North Oakville Secondary Plan (NOSP) settlement agreement. Under the agreement, the developers — Great Gulf Group, Mattamy Homes and Trinison Management — get to develop 'Oakville Real Estate' in north Oakville, under the North Oakville Secondary Plan. In exchange, one of the things the Town gets is money allocated towards the development and construction of North Park, including the newly opened Sixteen Mile Sports Complex, located on Neyagawa Boulevard just north of Dundas Street. Read more...

Oakville Real Estate – Centennial Square in for a Major Makeover?

Downtown Oakville’s Centennial Square could be in for a major makeover. A group of about 10 residents have been working together over several years to try to get some dialogue going in Oakville about possible upgrades to the location, which currently houses the Oakville Centre for Performing Arts, Central Library branch, an art gallery and other public spaces. Now, Mayor Rob Burton is on board and wants the residents of the Oakville Real Estate area to decide if such a makeover should take place. “We’ve got to make sure (downtown) stays as good as it gets in North America,” said one of the group members, Don Pangman. “It’s spectacular downtown. We’ve got heritage. It’s got a lovely setting and we’ve got to make sure it stays vibrant all the time.” Read more...

Canada’s rich fuelling rebound in luxury housing

As the CEO of a prominent real estate title insurance company, Thomas Grifferty has seen his share of impressive properties. But when he first saw plans for the Edgemere waterfront condominium project in the Oakville Real Estate market, he was sold. “It didn't take us long to make a decision to live here,” said Grifferty, the head of First Canadian Title, the largest title insurance company in Canada. “This is a really unique property by the lake.” Entrepreneurs such as Grifferty are one reason why the Canadian luxury home market has seen a resurgence this year as it comes out of the 2009 recession, when credit markets froze. A burgeoning Canadian millionaires club has caused demand to rebound for luxury goods ranging from Hermes handbags to real estate. 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...

Tim Hortons Camp Day is June 1st

Wednesday, June 1 is Tim Hortons Camp Day! Camp Day is the one day each year when every penny from coffee sales at Tim Hortons Restaurants is donated to the Tim Horton Children’s Foundation. On Camp Day, when guests buy a coffee and participate in various fundraising activities, they will help send more than 14,000 kids on the camping adventure of a lifetime. Campers aged nine to 12 years attend a 10-day summer camp session or a seven-day winter camp session, at one of the Foundation’s six camps in Canada and the United States. Children are selected by Tim Hortons Restaurant Owners who work closely with local youth organizations and schools to identify kids who would most benefit from an experience at camp. 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 – CMHC Predicts Return to Stability

CMHC predicts that the housing market will stabilize in 2011, and that housing starts are expected to keep reflective of ‘demographic fundamentals’ through 2011-2012. “Modest economic growth, in conjunction with relatively low mortgage rates, will continue to support demand for new homes in 2011 and 2012. Nonetheless, we are expecting new and existing housing markets to fall in line with demographic fundamentals, as changes to mortgage rules take hold,” said Bob Dugan, Chief Economist for CMHC. Housing starts are forecast to be in the area of 166,600 to 192,200 units in 2011, with a point forecast of 179,500 units. In 2012, housing starts are expected to be in the range of 163,200 to 207,500 units, with a point forecast of 185,300 units. Housing Starts in the Oakville Real Estate area are expected to remain stable. Read more...

Building permits beat expectations: Stats Can

The figures for building permits actually surpassed analysts’ expectations for February, according to the latest data from Statistics Canada. Building permits issued jumped 9.9% from January, which was well above the analysts’ predictions of between 1%- 1.4% for February. Municipalities granted building permits totalling $5.8 billion in February. Stronger than expected activity in the non-residential sector pulled up the market as a whole, offsetting declines in residential market activity. These gains were mostly centered in Alberta and Ontario. The 'Oakville Real Estate' building permits issued were not specified in the report released. 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 - Leaf Legends Coming to Town

A couple of the hockey legends that will be coming to town this week to celebrate ‘Entertainment Central’s first anniversary are former Toronto Maple Leaf greats Wendel Clark and Jonny Bower. Entertainment Central is celebrating its first anniversary in the Oakville Real Estate market and has invited some big name former NHL stars to an open house event on Wednesday, April 20. The event will include free food and drink samplers, plus live entertainment and some giveaways. Read more...

Downtown Oakville Runway Show!

On May 7th, the Oakville Real Estate market will become fashion central. The spokesperson for fashion in Canada is, without a doubt, Jeanne Beker. As the longtime host of Fashion Television, Jeanne has the inside scoop directly from the runways of the hottest fashion shows around the world, as well as access to all of the most famous, sought-after designers. She is also a noted author; a judge on CTV’s Canada’s Next Top Model and has recently launched her own divine line of clothing. No one knows fashion better than Jeanne Beker, and there’s certainly no one better to host this year’s Downtown Oakville Mercedes-Benz Runway Show! 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 - 5th annual Easter Egg Hunt

The 5th annual Castlebrook-Millrun Easter egg hunt was another success this year. The event that took place in one of the Oakville Real Estate markets popular West Oak Trails neighbourhoods. This is just one of the annual events that that you will see in many of the great neighbourhoods throughout Oakville Real Estate area. The Easter egg hunt was organized by friends and neighbours for all the children living in the area. Participating families hide treats for the kids all around their homes and in their front yards. The organizers also provide Tim Hortons Coffee and assorted snacks for the adults to enjoy while the kids are having fun. 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 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...

Oakville Real Estate – Skateboard Park finds home in Glen Abbey Park

A much relocated skateboard park is now one step closer to having a permanent home in the Oakville Real Estate area at Glen Abbey Park. Oakville’s Community Services Committee voted Wednesday night to install the skateboard facility, originally located at West Oak Trails Park, at the Glen Abbey Park/Community Centre location. The facility would be located in the Oakville Real Estate area just north of the Glen Abbey Park central baseball diamond and south of the Abbey Plaza. 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 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...

Canadian Home Price Index Moving Up

The Canadian Resale market swung upwards in December, according to the latest release of the Teranet-National Bank Composite House Price Index- which indicated increases in five of the six markets surveyed. The index indicates that prices were up 0.3% in December from November, as well as having gone up 4.1% from the same time the year before. Looking at specific regions, there was a 0.1% increase in Calgary- which signalled the first gain out of the last five months. In Vancouver and Montreal both, the rise was 0.5%. Toronto rose 0.2%. Halifax was a much larger 3.6%- which did not impact the overall index as much as one might think. On the other side of the spectrum, Ottawa declined by 0.4%- which is the fourth consecutive decline. The 'Oakville Real Estate' market was not included in the markets that were surveyed. Read more...