Why Oakville is the Ideal Place for Real Estate Investment and Living
Sunday Oct 29th, 2023
Oakville, a picturesque city located on the shores of Lake Ontario, is not just another suburban community; it's a city that offers an unparalleled quality of life. Named one of Canada's top 20 places to invest, Oakville is a beacon of luxury, comfort, and green living. Here's why Oakville is the perfect place to own real estate and why people are flocking to live here.
Imagine waking up to the serene views of Lake Ontario every morning. Oakville offers this and much more. With its prime lakefront location, properties here have seen a consistent increase in value by 25-40%. The city is just 30 minutes away from downtown Toronto, making it a convenient yet peaceful place to live.
A Robust Economy
Oakville's economy is thriving. The city has seen a population growth that doubles the provincial average and attracts a highly skilled workforce. With an average household income of $192,562 and 80% of residents having a post-secondary education, Oakville is a hub for small, medium, and large businesses.
High Quality of Life
Oakville attractions offers a world-class lifestyle with a spectacular waterfront, natural surroundings, and a host of entertainment options. The city was ranked the Best Place to Live in Canada by MoneySense Magazine in 2018, making it attractive to families, newcomers, retirees, and students alike.
From waterfront parks to hiking and biking trails, Oakville offers an exceptional lifestyle. The city is a haven for outdoor enthusiasts and those looking to lead an active, healthy life.
Shopping and Dining
Oakville is a shopper's paradise and a foodie's dream. From charming downtown shops like FIORI Oakville to luxury malls. With locally-roasted coffee shops to international cuisines, Oakville has something for everyone.
Oakville is at the forefront of green technology. Investing in Oakville's greenest condo puts you ahead in the green evolution, with the city and its major employers making significant strides in sustainability.
With two international airports and the US border within easy reach, Oakville is a city that's connected to the world. Over $66 million in eco-friendly funding is being invested to modernize the city's transit system.
Oakville is home to Sheridan College, one of the world's premier animation and design schools, and is within an hour's drive of 17 world-class universities and colleges. The city also boasts some of the nation's best private schools, making it an educational hub.
In recent years, Oakville has welcomed large international employers like BDO Canada and BMO Financial Group, making it a hotspot for highly-skilled employees.
Oakville is home to many landmark sites and buildings, including The Residence at Bronte Lakeside, known for its stunning architecture and state-of-the-art green technology.
The Cost of Living
While Oakville's cost of living is slightly higher than other areas in Ontario, the amenities, lifestyle, and investment opportunities more than justify it. The city offers a range of housing options, from condos to luxury homes, catering to various budgets.
Buying in Oakville
If you're considering buying in Oakville, you're making a choice that goes beyond mere property investment. You're investing in a lifestyle marked by quality, luxury, and a host of amenities that make everyday living feel like a perpetual vacation. The city's real estate market is robust, offering a variety of options from condos to luxury homes, each promising a high return on investment.
When you buy a home in Oakville, you're not just acquiring property; you're becoming part of a community that values education, green living, and a balanced lifestyle. With its strong economy, Oakville is a magnet for professionals seeking career growth, making it an ideal place for families.
The city's real estate market is as diverse as its population, catering to various needs and budgets. Whether you're a first-time homebuyer or looking to upgrade, Oakville has something to offer. With an average rent for a one-bedroom apartment at $2,320, up 27% from last year, buying in Oakville is a decision that promises long-term financial gains.
Moreover, Oakville's prime location near Lake Ontario makes it a hot spot for lakefront properties, which have consistently increased in value. So, if you're thinking about buying in Oakville, you're not just purchasing a home, but a lifestyle and a promising financial future.
Oakville is more than just a city; it's a community that offers a high quality of life, robust economy, and unparalleled amenities. Whether you're looking to invest in real estate or find a perfect place to call home, Oakville is the city that has it all.