background of skyscraper buildings

New Condos for Sale in Oakville

(Buyer's Guide)
As a fast growing residential area, Oakville is rapidly adapting to the demands of its swelling population. The area is very popular due to the many local job opportunities and the town’s proximity to Toronto, the US border, and national landmarks such as the Niagara Falls. Most developments are centered around six areas of interest. Downtown Oakville, Palermo Village, Bronte Village, Uptown Core, Midtown, and Kerr Village are set to be the sites for modern condominium and townhome developments.
Neighbourhood Facts
Lifestyle & Employment
Investment Tips
Read Our Buyer’s Guide

About Oakville’s New Condos

As a fast growing residential area, Oakville is rapidly adapting to the demands of its swelling population. The area is very popular due to the many local job opportunities and the town’s proximity to Toronto, the US border, and national landmarks such as the Niagara Falls.

Most developments are centered around six areas of interest. Downtown Oakville, Palermo Village, Bronte Village, Uptown Core, Midtown, and Kerr Village are set to be the sites for modern condominium and townhome developments.

42 new local residential developments are planned, under construction or recently finished, with 20 of them being condo developments.

The City of Oakville

Part of the Greater Toronto Area, Oakville is a town located in the Halton region between Toronto and Hamilton. Traditionally an industrial area, Oakville was known for its mills, goods production, shipbuilding industry, and foundry. In the present day, it is home to one of Canada’s automobile plants.

This suburban town has a lot to offer to tourists and residents alike. One of its most popular destinations is Bronte Creek Provincial Park, located on the western side of the town. The park offers many great outdoor experiences like hiking, biking, cross-country skiing, swimming, and even camping.

Other sources of entertainment may be found in famous clubs like Glen Abbey Golf Club, visiting museums and art galleries in the area, visiting Old Oakville or enjoying the many festivals it hosts. 

Oakville is also famous for its education programs. As an example, Sheridan College is considered to have one of the best animation programs in the world.

Oakville Condo Prices

The real estate market in Oakville tends to follow the trend visible in the rest of the GTA. It has seen a steady rise over time, with a yearly growth rate of 8,6%. In 2019, the average selling price for condos was set at about $843,390, with a price per square foot of about $1,300.

The vacancy rate for condos is low, set at about 0,6%. The high demand is reflected in the average rental rate which is about $2,100. The average price for homes in the area is around 1,021,000.

 

Average prices for condos in 2020 (pre-construction & older units)

Employment

The suburban townhouses attract an impressive number of businesses, such as pharmaceuticals, technology, aerospace, tourism, and real estate in the area. The largest local employer is the Ford Motor Company. Popular jobs in the area are represented by professional services, finance and insurance, retail, and health care.

The local economy is thriving with the support of large companies and over 8,000 local businesses. This growth is reflected in the desirability of the area, either for employment opportunities or for the town’s great community. 

Oakville has an unemployment rate of 4.1%, slightly lower than the other municipalities in the GTA.

 

Unemployment rates for GTA municipalities in 2020

Transportation

The town’s proximity to Toronto allows a comfortable commute to work, with GO trains and busses or by car on the 403 or 407 Highways, and the Queen Elizabeth Way. Public transportation inside the town is provided by Oakville Transit, with bus routes connecting with local transit stations to GO stations.

Oakville is located at a mere 30 minute drive from downtown Toronto, which makes it a relatively easy commute.

Investing in New Pre-Construction Condos in Oakville

Oakville is an attractive place to live in. People move here because of the many job opportunities, or in some cases, because of the town’s proximity to the US border and to Toronto. The town’s growing population and thriving economy are clear markers for the steady and constant rise of prices in the real estate sector. 

That being said, this is a good time to invest in Oakville real estate. The local population is on the rise, but unlike other districts in the GTA, the residential and commercial sectors seem to develop hand in hand.

The new condominium developments in the area are perfect for investors who want high returns on their investment. And the earlier you invest in a condominium project, the higher the potential return because pre-construction condos are sold in different steps.

 

Stage 1 - Friends and Family Sales (Sells Up to 10% of Units)

Most developers offer exclusive deals for friends and family members. Sometimes, up to 10% of the most valuable units trade hands during these sales events.

Stage 2 - Platinum VIP Agents Sales (Sells Up to 40% of Units)

The next step of the pre-construction sales process starts with the developer inviting Platinum agents like Condo Shopper to sell condos. Platinum agents earn their ranking by building long-lasting relationships with developers or by selling a lot of units.

This step of the pre-construction sales process offers huge discounts, superb unit choices, incentives, rebates, and more.

Stage 3 - VIP Agents Sales (Sells Up to 30% of Units)

The next step of the process starts with the developer inviting VIP agents to sell condos. During this step, the prices go up and the incentives go down or might even disappear altogether.

Stage 4 - All Agents Sales (Sells Up to 20% of Units)

The developer invites all agents to sell condos. The prices go even higher during this phase, and the incentives disappear. Most of the top units are sold by this point.

Stage 5 - Pre-registrants Sales (Sells Up to 10% of Remaining Units)

The developer invites all the pre-registrants to buy the remaining condos. However, some developers can postpone this step of the process for up to a year or more, depending on the development’s location.

The prices are high by this point and all the incentives are gone. So even though working directly with a developer might seem like a good way to save money, collaborating with Condo Shopper can actually help you secure better condos at more affordable prices.

Stage 6 - Grand Opening (Sells Remaining Units)

This is the last step of the selling process, when the developer invites the public to buy condos. The most valuable units are long gone by this point, which means that buyers pay more for less valuable units.
Condos

Condo Projects
in Oakville

Nuvo Condo Street view 1
NUVO logo gold on Black
NUVO Condos Oakville
2418 Khalsa Gate, Oakville, ON (Old Bronte Road & Dundas Street W)
Construction Status:
Pre-construction
Sales Status:
Sold Out
Project Status:
Active
oakville
Developer - 
Fernbrook Homes
Occupancy Starts - Fall 2023
two people high fiving eachother

Get Instant Notifications on Hot Properties for Sale as Soon as They Hit the Market.

Time is of the essence in today’s competitive housing market. Whether it’s a pre-construction project, or an existing new property for sale, Condo Shopper’s curated lists give you the advantage and keep you in the know.