The Condo Market in Oakville in 2021

Last year was entirely unexpected in almost any segment of life, not just in the real estate sector. However, this year, with the vaccines and all, things are slowly going back on track. Consequently, the condo market in Oakville is seeing some positive trends.

According to the Remax blog, the sale of condos in Oakville is increasing every month since the start of the year. The biggest demand is for condos in the $400,000 to $600,000 price range. The demand for housing in Oakville is not limited to just condominiums, but there is a significant demand for luxury properties, townhouses, and two-story detached homes. By all accounts and data, Oakville is one of the hottest property markets in Toronto. In many ways, this is the opposite of the condo activity in some downtown neighborhoods and Mississauga.

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At the start of the year, local experts were cautious with their predictions. But now, they feel more comfortable to call the steaming up of the condo market in Oakville a trend. Furthermore, with things normal, and the current demand, the most in-demand neighborhoods within Oakville are College Park, Glen Abbey, River Oaks, and some others.

College Park

The demand for condos in College Park condos is formidable since the start of 2021. This charming little neighborhood is located in the heart of Oakville. Nowadays, they consider College Park as one of the most family-friendly neighborhoods in Toronto. The crime rate is relatively low. There is an excellent selection of parks and schools within the neighborhood, several places of worship, street traffic is low, many miles of bike lanes, etc. Some of the most notable landmarks in College Park are the Oakville Golf Club, the Oakville shopping center, and Sheridan College. Locals have a total of seven parks at their disposal, with Oakville Park being the biggest one. Almost all parks feature sports fields, children’s playgrounds, and walking trails.

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Glen Abbey

So, if you are into golf, then the name Glen Abbey rings a bell. It is Canada’s most famous golf course, as well as the Canadian Hall of Fame. Those interested in Glen Abbey condos should also know that even though this is one of the biggest neighborhoods in Oakville, in terms of size, it is well connected to the other parts of the city via the nearby 403, 407, QEW, Cross Go train stations, and the Bronte. There weren’t too many condos to choose from in the past, but recently that has changed. Nowadays, there are condos of all sizes, levels of luxury, and all sorts of amenities.

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River Oaks

This neighborhood has been established in the 1980s and is known for its friendly recreational style. Amenities-wise, there is about anything one can ever need for modern living. River Oaks is a mix of townhouses, detached family homes, and high-rise condominiums. Major highways are easily accessible, plus there is the GO available to those in favor of public transport. There are excellent schools which are something appreciated by young families. At the same time, many ample amenities make things quite convenient for seniors. Green space is also something that is in abundance in River Oaks.