What’s Happening in the Oakville Housing Market?
The average residential sale price for single-family homes in the Oakville housing market decreased by two per cent between 2025 and 2026, declining from $1,895,538 to $1,857,471. Over the same period, the average sale price for condominiums, co-op apartments, and linked properties decreased by 5.7 per cent, falling from $917,279 to $865,313.
In terms of sales, the number of single-family homes trading hands increased by 19.1 per cent, rising from 780 to 929. In contrast, condominium, co-op apartment, and linked-property sales decreased by 10.5 per cent, from 711 to 636.
Single-family home listings declined by 6.6 per cent, from 2,739 to 2,557, while listings in the condominium, co-op apartment, and linked-property segment decreased by 25.2 per cent, from 2,682 to 2,006.
Looking ahead, average 2026 sale prices are expected to remain flat or increase by approximately 1 per cent above 2025 levels, while the number of sales is expected to increase by about three per cent.
Oakville is experiencing a balanced market with a slight tilt toward buyers, supported by approximately five months of inventory and a lower sales-to-new-listings ratio. Buyers have gained some negotiating power, although market conditions are expected to remain generally stable through the remainder of the year. Compared with last year, the market is softer, with price declines most evident in the condominium and apartment segment and more pronounced weakness in the luxury market.
Saving enough for a down payment is the biggest factor preventing more first-time buyers from entering the market.
According to Alex Irish, CEO and Team Leader at REMAX Escarpment Realty Inc., the HST rebate has improved affordability for first-time buyers and is viewed as having brought additional buyers into the market, while also encouraging renewed investor activity. The rebate has generated greater interest in new construction and placed some downward pricing pressure on comparable resale properties, with the greatest impact occurring in the condominium sector.
Buyers have become more willing to compromise on property type, provided homes offer the level of finishes and overall condition they are seeking.
Despite recent market volatility, Oakville continues to be viewed as a relatively stable market, with current conditions creating additional opportunities for buyers.
According to Alex, the foreign buyer ban has had little impact on either affordability or new construction development.
Frequently Asked Questions
How have home prices changed in Oakville?
The average residential sale price for single-family homes in Oakville decreased by 2 per cent between 2025 and 2026, declining from $1,895,538 to $1,857,471. The average price for condominiums, co-op apartments and linked properties decreased by 5.7 per cent, from $917,279 to $865,313.
How have sales and listings changed in Oakville?
Single-family home sales increased by 19.1 per cent, rising from 780 to 929, while condominium, co-op apartment and linked-property sales decreased by 10.5 per cent, from 711 to 636. Listings declined across both segments.
What is expected for Oakville home prices in 2026?
Average 2026 sale prices are expected to remain flat or increase by approximately 1 per cent above 2025 levels.
What is expected for home sales in Oakville in 2026?
The number of sales is projected to increase by about 3 per cent.
What type of market is Oakville experiencing?
Oakville is experiencing a balanced market with a slight tilt toward buyers, supported by approximately five months of inventory and a lower sales-to-new-listings ratio. Buyers have gained some negotiating power, although market conditions are expected to remain generally stable through the remainder of the year.
Which segments of the market are seeing the greatest weakness?
Compared with last year, the market is softer, with price declines most evident in the condominium and apartment segment and more pronounced weakness in the luxury market.
What is the biggest barrier for first-time buyers?
Saving enough for a down payment is the biggest factor preventing more first-time buyers from entering the market.
How is the HST rebate affecting the Oakville housing market?
According to Alex Irish, CEO and Team Leader at REMAX Escarpment Realty Inc., the HST rebate has improved affordability for first-time buyers and is viewed as having brought additional buyers into the market, while also encouraging renewed investor activity.
Where is the HST rebate having the greatest impact?
The rebate has generated greater interest in new construction and placed some downward pricing pressure on comparable resale properties, with the greatest impact occurring in the condominium sector.
What are buyers willing to compromise on?
Buyers have become more willing to compromise on property type, provided homes offer the level of finishes and overall condition they are seeking.
Why does Oakville continue to attract buyers?
Despite recent market volatility, Oakville continues to be viewed as a relatively stable market, with current conditions creating additional opportunities for buyers.
Has the foreign buyer ban affected affordability or new construction development?
According to Alex Irish, the foreign buyer ban has had little impact on either affordability or new construction development.
