The outcome of Oakville’s election can have a very drastic effect on the value of Oakville’s properties. As we have seen during the last 2 years, having elected officials who have a solid understanding of the issues, the workings of all levels of government, and their constituents’ views has saved Oakville from a very serious stigma: the power plant. If this hadn’t been the case, then we would likely have seen the values of Oakville homes plummet. So it is extremely important to carefully consider whom you vote in to all positions from Mayor, councilor school trustee to regional councilor. Their decisions can impact your property values for years.
Pulse of Oakville Real Estate Market
The Oakville Real Estate market is still hovering between a buyers’ and a balance market. Sales jumped this week, especially in the $1M to $2M category. Realtors with large number of high-end property listings where talking about a renewed interest in Oakville real estate from international clients. Most of this interest, they believe can be attributed to the canceling of the Power Plant. So, the market will likely tell us in the next couple of months.
Globe & Mail’s Useless Real Estate Article
An interesting article on Real Estate from the Globe & Mail came out this week. It was a broad over reaching generalization. Vancouver is over inflated, but as you’ll see from this week’s numbers the buyers have not evaporated from the Oakville real estate market. Our prices where low to begin with because of the Power Plant, so now that the stima has been removed we’ll likely see increased sales as the months continue. However, there will be a slowing of the market during the holiday season, which is completely normal.
Oakville real estate statistics for the week of October 16 to 23:
|Price Range||Listings||Sales||Conditional Sales||Active Listings|
|100K to 500K||33||20||22||255|
|500K to 1M||28||27||9||310|
|1M to 2M||8||6||7||133|