Jul 2026
Average Price
$1,038,678
Over the past decade, the housing market in Oakville saw several notable shifts in both sales activity and inventory levels, with changing interest rates playing a major role throughout. The most noticeable changes unfolded during the pandemic and the years that followed. Between mid-2020 and early 2022, home sales usually ranged from 350 to 1,000 units, making it one of the busiest periods of the decade. Meanwhile, inventory reached one of its lowest points during those pandemic years. However, in the post-pandemic period, sales volumes fell sharply but have gradually recovered in recent months. Active listings, on the other hand, have steadily rebounded since 2022, climbing to their highest levels of the entire decade. Now, when it comes to new listings in Oakville, they have followed seasonal patterns throughout the decade – picking up in spring and summer as more homeowners listed their properties before easing during the quieter fall and winter months.
The Oakville real estate market remained highly active with monthly home sales generally ranging from 185 to 520 units. At the same time, active listings stayed between 6,340 and 7,180 homes as available properties continued selling at a healthy pace.
Following the introduction of new housing policies, sales activity slowed, generally ranging from 140 to 400 transactions. Meanwhile, housing inventory edged higher, typically ranging between 6,500 and 7,800 units as homes took longer to sell.
The housing market in Oakville saw one of its strongest periods of activity during this stretch, supported by record-low interest rates, remote work trends, larger household savings and changing housing preferences. Activity briefly slowed during spring 2020 and then, property sales quickly surged from around 110 units in April 2020 to 1,002 homes by March 2021. Throughout this period, the number of homes available for sale generally remained between 6,400 and 7,800 units.
Between May and December 2022, transaction volumes fell from 475 to 160 units, then generally remained within the 210 to 560 range throughout 2023. Meanwhile, according to Oakville real estate trends, housing inventory increased from around 7,590 homes in April 2022 to 8,000 by late 2023.
As interest rates eased and later held steady, buyers became increasingly confident. As a result, home sales showed better activity in the Oakville housing market, ranging between 130 and 490 transactions. Meanwhile, inventory remained at its highest levels of the decade, falling within the range of 7,100 to 8,900 homes.
The Oakville real estate market remained highly competitive throughout this period, with absorption rates consistently staying above 60% and exceeding 80% during several months.
According to Oakville real estate trends, the market shifted closer to balanced conditions, with absorption rates generally ranging between 40% and 70%.
The real estate market gradually shifted in favour of sellers during the second half of 2020 – absorption rates climbed from 47.66% in April 2020 to above 70% across several months. Conditions became even more competitive throughout 2021, with absorption rates remaining above 70% for most of the year and reaching 98.82% in November. In this market, well-priced homes likely drew multiple offers, with bidding wars and above-asking offers becoming more common.
Absorption rates remained elevated during the early months of 2022 in the Oakville real estate market, and then they gradually eased throughout 2023, with several months falling within the 30% to 75% range.
This phase was largely defined by balanced market conditions, with buyers enjoying more favourable conditions, particularly throughout 2025. Market activity gradually picked up in spring 2026, with absorption rates increasing from 21.96% in January to 46.01% by July. The HST rebate on newly built homes, along with several no-down-payment strategies, is encouraging more buyers back into the market.
Source: Based on analysis of historical information made available from respective real estate boards.
Houses recorded the highest sales activity among all property types in the housing market in Oakville – 24,378 total transactions. Detached homes account for most sales, recording 22,891 transactions with an average price of $1.72M. Semi-detached homes followed with 1,487 sales and an average sale price of $995.85K.
Townhouses totalled 10,661 sales. Freehold townhouses led this category with 7,609 transactions, averaging $999.55K, while condo townhouses recorded 3,052 sales with an average price of $725.71K.
A total of 6,284 condo apartments changed hands at an average price of $679.76K, making this the most affordable property type in the Oakville real estate market.
Oakville has long held its place among Ontario’s most expensive housing markets, with properties consistently selling well above both the provincial and regional averages. Several key factors continue to fuel strong demand in this Oakville housing market, including its prime location, high household incomes, strong employment, top-rated schools, and exceptional quality of life. Over the past decade, Oakville house prices have risen by 54.27%, despite periodic market corrections. More recently, the housing market has entered a period of stabilization and recovery. As of July 2026, house prices in Oakville are 0.11% lower year-over-year and 1.88% below year-to-date.
Supported by low interest rates and steady population growth, more buyers entered the market, lifting average house prices from roughly $675K to $865K. Homes also changed hands much faster, with average selling times ranging between 15 and 25 days.
The introduction of Ontario’s Fair Housing Plan in April 2017, followed by the federal mortgage stress test in 2018, reduced purchasing power and slowed buyer activity. Following these changes, the Oakville average house price generally stayed within $710K to $850K. Homes also spent more time on the market, usually selling within 20 to 40 days.
The average house price in Oakville eased from $845K in January 2020 to $830K in March 2020 as uncertainty led many buyers and sellers to put their plans on hold. However, that phase was short-lived. The market soon rebounded as record-low interest rates, remote work and changing housing preferences brought a surge of buyers. House prices then climbed rapidly through the second half of 2020 and all of 2021, reaching $1.48M in January 2022. At the same time, homes sold within just 7 to 20 days, a clear sign of how competitive the market had become.
The market price trends changed quickly as higher interest rates reduced affordability, prompting many buyers to delay their purchase plans or adjust their budgets. Average house prices generally ranged from $1.02M to $1.27M. Homes also took longer to sell, typically remaining on the market for 15 to 40 days.
The average house price in Oakville, Ontario remained within a relatively steady range of $1.02M to $1.20M. Homes stayed on the market for 20 to 55 days, much longer than in the previous phases, giving buyers opportunities that had been hard to find in recent years.
Even when it comes to rental costs, Oakville remains one of Ontario’s most expensive markets. Over the past decade, average rents in Oakville have increased by 12.20%, reflecting moderate growth. Moving to recent market trends, rents remain comparatively elevated in 2026 while leasing activity eased from the unusually strong levels recorded in 2025, pointing to a more balanced market.
Average rents in Mississauga rose from around $2,200 in August 2016 to $2,800 towards the end of this phase. Leasing activity generally ranged from about 100 units in quieter months to more than 300 during peak periods.
The rental market changed in 2020 as leasing activity slowed sharply during the spring. However, activity gradually recovered through the remainder of 2020 and continued to build throughout 2021, reaching nearly 400 units. At the same time, average rental prices increased from around $2,500 in January 2020 to above $3,200 in June and July 2021.
Rental demand remained considerably stronger than in earlier years, with many months recording between 270 and 640 leased units. Monthly rents consistently stayed above $3,000 and even above $3,500 in certain months.
The pace of leasing eased, with monthly leased properties generally remaining below 500 units. Rents, however, remained elevated, ranging from $3,000 to $3,470.