Discover the Key Factors Shaping Oakville's Real Estate Market in May 2023!

Welcome to the Oakville Real Estate Market Update for May 2023. As expected, this time of year is traditionally busy in the real estate market, and this year is no exception. However, there are some noteworthy differences. The enchantment of spring with its warmer temperatures, blossoming foliage, a

Don't believe the hype

Yes, interest rates have been going up, but prices have come down much more. Prices have come down by 23% from March 2022 to January 2023. You can use whatever price you want to do your own calculations, but I'm going to use the average selling price of $1,856,000 from March 2022 and 2.9% as the 5 y

What's in store for the Oakville Real Estate Market in 2023?

Happy New Year!   2022 was a wild one! Up and down!   Prices skyrocketed on low rates and low inventory from Dec to March.   Prices plummeted from March to May on the beginning of the Bank of Canada’s rate hike cycle and nervous sellers tripling the inventory.   From May until now though, it’s been