December 2025

Happy New Year!  Heres to better tariff relations with the U S A and to more interest rate cuts.

Typical of December trading volumes were low and that included leasing activity as well.

Case in point there was only one property leased during the month, a detached 2-storey in Falgarwood that previously had rented for $400 a month more only 18 months ago and now leased for $3,900/mth. That's a 10% reduction.  And there is still a lot of choice with 717 homes and condos available to lease.

For sale activity was also extremely low with 128 properties selling compared to 201 a year ago.   There is also plenty of inventory to choose from with 705 properties available for sale.

Here's how the year over year numbers look;

                                                      2024                                 2025                  % change

Detached 2-storey                    $2,310,340                        $1,719,294               - 34

Bungalows                               $1,505,875                        $1,463,000                - 3

Split Level Homes                   $1,385,750                        $1,455,000                + 5

Linked Homes                         $1,059,000                              

Semi-detached                         $1,040,667                         $1,084,000               + 4

Freehold THs                           $1,184,026                         $1,374,909               + 16

Condo THs                               $841,571                            $674,250                  - 25

Stacked THs                             $644,000                            $647,500                  + 1/2

Condo Apartments.                  $666,294                            $576,944                   - 11

The average Freehold TH sale would have been about $200,000 less if you backed out the two downtown new development sales which sold for over $8mm combined.  

November 2025's 211 sales was substantially higher than this December and better than November 2024 141 homes and condos sales.

It appears that selling prices have pretty much bottomed and I expect sales will begin to pick-up by mid-month as buyers decide to go forward with their housing plans and needs.  

It is definitely nice to not have to compete for most homes.

                             

November 2025

Welcome.

This November the busiest part of the market were leases, all types, and sales of freehold townhomes.

There were 328 properties leased in November up almost 11%  211 sales transactions of which 48 were for freehold townhomes.

Here's how the rest of November sales went;

                                              November 2024                    November 2025                 % change

Detached 2-Storey                  $2,657,043                             $1,885,365                          - 41

Detached Bungalows              $1,754,300                             $1,407,895                          - 25

Split Level Homes                  $1.669,417                             $ 1,794,167                         + 7

Linked Homes                        $1,197,500                             $1,238,000                          + 3

Semi-Detached                       $1,033,500                             $1,057,800                          + 2

Freehold THs                         $1,187,333                              $1,251,250                          + 5

Condo THs                             $788,500                                $736,400                              - 7

Stacked THs                           $626,167                                $579,500                              - 8

Condo Apartments                 $850,542                                $665,250                              - 2

The average time it took to sell was almost 7 weeks or, more precisely 39 days.  This number would be significantly higher if you factored in the number of times sellers cancel and relist their homes and apartments in order to get them sold.  In some cases sellers resort to relisting multiple times usually setting a lower asking price than the last one.

Now that we have reached December activity will wane until the year.  I expect January to be busy.

There is still ample inventory available and if you are considering a purchase you should be able to strike a good deal.

Enjoy the holidays and look forward to a more robust 2026!

October 2025

 Welcome back!

This October saw prices down from a year ago while up from last month.

The average sale price of a detached 2-storey home rose 2% from this September to $1,912,161 and there were 93 sales also up for last month's 69 sales.  Year over year however the price in this category dropped 16.5%.

Bungalow prices were also down by 20% to an average price of $1,285,435.  This reduction also reflects a number of "land sale" bungalow properties where the buyer wishes to build a new home.

Detached split homes and properties fared better at an average sale price of $1,404,364.

Semi-detached and linked homes (virtually detached) came in at $1,159,733 and $1,198,000, respectively.

Condo apartments townhomes and stacked townhomes came is at $525,550 / $812,368 / $597,000.  Down 42% / 10% & 11%.

Freehold townhomes average sale price was $923,400.  Down almost 30%.

The lease market saw 151 rental transactions ranging in price from $1,700 to $16,000 per month.

At the moment there are 765 for lease properties available to rent and 1,282 for sale.

While the majority of owners are experiencing a softer quiet market a few have managed to sell or lease quickly.

The recent interest rate reduction may help a little but don't expect the overall feel of the market to change.  

Things are indeed slow and will likely remain so until the start of the new year.  

On a positive note it is a good time to buy.

September 2025

Hello again.

We still have a variety of choice for both leasing and purchasing with 632 properties for lease and approximately 1,350 homes and condos for sale.

September sales were up year over year with 182 properties changing hands but down slightly from this August.  The lease market was also very busy with 390 homes and condos rented.  

Prices on the other hand were down from a year ago pretty much across the board no matter what home style.  Bungalows and Freehold THs were the exception.  Case in point: detached 2-storey homes went up in sales volume from 40 to 69 but the average sale price fell significantly from approximately $2,400,000 to below $1.9mm.  Most of that drop is associated with the fact that more lower value homes happen to transact rather than prices falling.  Of course economic dismal news and tariff effect were in the mix as well.   Noteworthy we have only fallen below the $2,000,000 average mark for detached 2-storey homes a handful of months over the past three years.  Most of the time we have been above that threshold.  In addition, interest rate cuts so far haven't had the positive effect on pricing as one would expect.  We will see what happens at the end of October when the next rate cut is expected.

Here's how the sales averages ended up for September base on property type;

Detached 2-storey.  $1,875,304

Bungalows              $1,303,400

Split level                $1,471,750

Semi-detached.        no transactions

Linked homes          $980,000

Freehold THs           $1,089,032

Condo THs               $820,923

Condo Apartments   $595,200

Stacked THs             $632,667

Perhaps October's sales activity will show signs of an improving market.  Stay tuned!

August 2025

Hello again!

Sales prices were down slightly from a year ago.   In August 2024 the average detached 2-storey selling price was $2,176,711.  This August it was $2,116,700 a drop of almost 3%.  In August 2023 the average price was $2,037,500.  So holding nicely above the two million mark.  

The market was relatively active with 199 sales (all types of homes) a few of which went for over asking. You probably wouldn't expect that.  

Of the 1,274 homes and condo's for sale 2/3's are asking over a million dollars.

The lease market was busy with 493 properties rented during the month, the highest going for just over $10,000 plus utilities for a detached home in Southeast Oakville.  At the moment there are 613 available properties to lease.

Other types of properties averaged as follows;

Bungalows $1,430,614 / Split level $1,630,500 / Freehold THs $1,114,053 / Condo THs $1,018,000

Condo apartments $820,947 / Semi-detached $1,024,286 / Linked homes $1,107,000 and Stacked THs $545,000.

The Fall market is usually very good and is a pretty time of the year to showcase your home and property. Expect a busy September with more inventory and sales.  

July 2025

Hello again!

July was not too busy which is typical for prime summer holiday time.  Yet some families were moving home locations.  Here's how the numbers ended up.

Detached 2-storey                      $1,782,324

Bungalows                                 $1,768,588

Splits                                          $1,370,100

Semi-detached                           $1,030,333

Linked homes                            $1,199,000

Freehold THs                            $1,015,265

Condo THs                                $714,944

Stacked THs                              $614,889

Condo apartments                     $584,062

Year over year detached 2-storey homes prices are down about 4%.  And most other categories of homes are down as well.  

At the moment there are 1,373 homes and condo's for sale and 698 for lease.  Reasonable choice for most buyers.  And the rental market saw 586 lease sales...which was extremely busy.

August should prove to be equally slow and that's normal.  

The Fall market however, is usually very good.  This year could be quieter do to President Trump's tariff threats and chaotic actions.  Those that do offer on properties will do their best to get a good deal (and many people have).  In short, it is a great time to buy.

June 2025

Summer is finally upon us and buyers and renters are out looking.  And there is ample choice.  At the moment there are 1,482 homes and condo's for sale and along with 702 for lease.  Clearly a buyers market in most pockets.   And June saw another 1,144 new listings added.  A year ago at this time there were 538 properties for sale and 105 for rent. 

Nevertheless, demand is reasonable with 235 sales and 535 leases in June.  And the average selling time was 28 days.  And those property owners with exclusive locations coupled with renovations and updates  have experienced some multiple bids.  We also saw 6 homes sell above the $4,000,000 mark.

Sales prices have adjusted slightly downwards with the average price for a detached 2-storey home dropping 1.5% month over month to $1,995,989 and down 4% year over year.

Buyers confidence is being impacted by economic uncertainty and high interest rates. 

Sellers are adviced to price competitively and ensure their properties are well maintained both inside and out to attract buyers.  Those that don't will likely have to reduced their asking prices, and in some cases more than once.

Here are some other housing type sales averages for you;

Bungalows $1,590,867 / Split Level $1,472,333 / Linked Homes $1,166,750 / Semi-detached $1,174,375

Freehold THs $1,137,452  / Condo THs $845,321 / Stacked THs $638,875 / Condo apts $702,135

The Oakville rental market is expensive with almost 200 homes renting for above $4,000/mth and more than a hundred of those renting above $5,000/mth. 

Oakville commands more money because it is a charming and special lakeside town with lots to offer and is a safe community to live and grow a family.