Posts Tagged ‘Houses’

Oakville’s Luxury Home Market Soaring High

Thursday, February 20th, 2014

Making our way into the New Year, Oakville’s luxury home market continues to make significant gains at the top of Canada’s housing market. With all signs pointing to a robust 2014, a recent report by Re/Max states that seventy-five per cent of all markets have experienced year-over-year percentage increases in sales. Furthermore, over two-thirds of markets have set new records for high-end sales in 2013.

On a high note for Oakville, our community saw a 19% increase in 2013 within the luxury residential market for homes priced $1.5 million and up. In total, 156 Oakville homes within this upper-tier market sold last year.


2014 Oakville Real Estate Forecast

Wednesday, January 15th, 2014

January has proven to be a very busy month in real estate and it seems that 2014 will continue along the same path!

Last year, our residential real estate market demonstrated extraordinary resilience and 2013 ended up being the second best year in housing sales since 2008! As housing values continue to climb, the average housing price is set to appreciate by 5% over the next year. This being said, the high demand and shortage of listings will contribute to the boom in activity throughout 2014.

It is predicted that first-time homebuyers will be actively purchasing homes over the next few years. This smart demographic has been preparing to make the move towards home ownership for the last two years and have saved money for larger down payments and revalued their expectations.

Purchasers who are looking to move-up in the real estate market will continue to represent a large share of the purchases and sales over the next year, driving the sales of properties between $600,000 and $1 Million – a market where inventory has typically been tight. Furthermore, the demand for luxury homes in excess of $1.5 million will continue to increase as foreign investments become increasingly evident and continue to contribute to the upper tier home sales in excess of $2 Million.


Discover the Charm of an Older Home

Saturday, March 31st, 2012
Oakville's Perfect House

In this time of a very busy Real Estate Market the question of an older home versus a newer home can be foremost in the mind of many Buyers. The Spring Market, February and March, is traditionally the busiest Real Estate season. Historically low interest rates continue and are providing a solid foundation for our housing market. It is a perfect combination of housing values and home financing options that can include money for renovations.

Older homes have their special charm with their location, larger lots, their style and often their affordability. Many of these homes have been lovingly upgraded and feature the open concepts of newer homes. Life style is a choice and for avid gardeners and for those who enjoy the feeling of space, these properties excel. With the influx of trades people who are happy to do the yard work, older homes have great appeal.


Is Now a Good Time to Buy a Vacation Home?

Saturday, March 24th, 2012
Muskoka Cottage

The month of March has a tendency to bring up thoughts of warmer weather as families head South for some fun in the sun. If you happen to be thinking about a vacation home investment, then you might want to consider Florida!

Not only have Snowbirds been buying up Florida real estate for their own enjoyment, but their younger friends and counterparts are among the growing numbers of Canadian investors snapping up deeply discounted vacation homes with the intention of renting them out until they retire. These are people, known as “endvestors,” are planning ahead, and planning well!

“Endvestors” understand that if they don’t purchase now there is a chance they might not be able to afford a second home when the time comes to enjoy their retirement in a warmer climate. That being said, Florida is an ideal destination due to its accessibility by car, a bonus for those who prefer not to fly.


A Seller’s Market in Oakville this Spring?

Sunday, March 4th, 2012
Welcome to

After the last few years – these are the words that Oakville home owners were looking forward to – “Seller’s Market”. This is being driven by a lack of inventory, low interest rates, the rebound of the TSX and NYSE, and a stronger US economy.

During the past week 35% of Oakville homes have sold at list or above, and 50% of properties leased. For the first time we are seeing south Oakville properties selling as strongly as properties listed north of the QEW. Of the 70 homes sold two-thirds were located above the QEW. There are only a total of 705 active listings which translates to 10 weeks of inventory.