Several studies have ranked Oakville as the best place to live in Canada and this should definitely augur well for the real estate market in the city going forward according to experts. Oakville is already home to key landmarks like the Appleby College boarding school and several iconic mansions along the lakefront in tandem with the premium Glen Abbey Golf Club. The average household earnings in Oakville were reported at $162, 000 and this is the 10th highest income level across Canada. The average values of homes here are approximately $1.2 million which are the 13th highest home values in the country.
Oakville is one of the most affluent and sustainable residential zones in Canada and it is attracting people from multiple backgrounds as per experts. Oakville is also the best place to live in for New Canadians and the 5th best place for raising one’s family and the 3rd best place to retire to. Oakville is not the most affordable place to live in Canada but has still been witnessing a steady influx of homebuyers. Oakville offers good connectivity to Toronto and its flourishing job sectors and the minority percentage in the city has gone up to 31% from 18% over the last decade as per reports. Around 45% of the low-income population from the Halton region stays in Oakville as well.
It’s not just large and spectacular mansions that are on sale here; there are several high-density residential structures being built along with townhouses that are relatively easier to own. Oakville has a strong community feeling and the official name still remains Town of Oakville. The town or small suburb feeling has been steadfastly maintained by the city, something that its residents highly appreciate. Oakville has dethroned Ottawa as the best place to live in Canada. The third position has been taken by Russell Township in Ontario which is located near Ottawa and has sub-$500, 000 home prices. The 4th position was taken by Saint-Bruno-de-Montarville, a town to the east of Montreal in Quebec. This town has a low crime rate along with a flourishing economy and better access to necessary amenities.