Oakville's Resilient Property Market Influenced by Rising Immigration Amidst Higher Interest Rates

Oakville's Resilient Property Market: Immigration Plays a Vital Role Amidst Bank of Canada's Rate Hike Cycle Introduction In recent years, Oakville, Ontario, has witnessed a remarkable surge in property values, even as the Bank of Canada has embarked on an aggressive interest rate hike cycle. What k

How can real estate prices stay this high when the interest rate has climbed so high in the last year and a half? ​ Immigration without creating enough housing to support the immigration. ​ Like ordering a large milkshake in a small cup. (who does that??)     Oakville saw a large drop in the number

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