Is Oakville a good place to live?

In a ranking of 415 cities, towns and villages, MoneySense Magazine has named the Town of Oakville as the best place to live in Canada. The online magazine’s rankings are based on the economy, affordability, safety and culture of each municipality, as well as access to health care services, transit and schools.

How is life in Oakville Ontario?

Oakville scored high in a broad range of the areas examined by the Best Places to Live ranking, placing in the top 25 per cent of all cities in six out of 10 categories. Oakville residents enjoy access to Toronto’s strong job market while maintaining the benefits of a smaller suburb.

Why is Oakville Ontario expensive?

Why have homes in Oakville and Burlington along with Milton and Halton Hills become so expensive? The cost of a house in Halton is high, and likely getting higher. Bidding wars have become a common practice of the buying process. Multi-hour lineups occur around the region for the release of units in a new development.

Is Oakville cheaper than Mississauga?

Cost of Living Comparison Between Oakville and Mississauga You would need around 6,206.18C$ in Mississauga to maintain the same standard of life that you can have with 6,500.00C$ in Oakville (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.

Is living in Oakville expensive?

Summary about cost of living in Oakville, Canada: Family of four estimated monthly costs are 3,715$ (4,726C$) without rent. Oakville is 22.99\% less expensive than New York (without rent). Rent in Oakville is, on average, 54.45\% lower than in New York.

Is Oakville better than Toronto?

Toronto’s bustling streets offer outstanding shopping, a vibrant nightlife, and amenities galore, while Oakville is renowned for stunning views of Lake Ontario and quieter living, often in spacious family homes.

What is good about Oakville?

There are beautiful pieces of nature in Oakville Just like Toronto, Oakville has an exit on the Ontario lake. There are many activities and attractions all along Ontario lakeshore. So, if you like swimming, just go and visit one of the many beaches in Oakville. There are some water sports that you can practice as well.

Is Oakville a good place to invest?

Oakville is celebrated as a top choice for site selection based on significant investment and facility expansions at existing companies as well as new company arrivals. Between April 2020 and March 2021, Oakville welcomed: BDO Canada.

Is Oakville affordable?

Oakville is typically thought of as an affluent area. In fact, in 2017 its residents were found to have the highest median income in Canada. The threshold for affordable housing is set at 30 per cent, and in 2017, 51.4 per cent of new home sales in Oakville fell below the affordable threshold.

Are people in Oakville rich?

Oakville, the richest town in Canada The average income in Oakville, a town located “about halfway” between Toronto and Hamilton, stood at $12,950 in 1976 — about $56,750 in 2020 dollars — making it “the richest little town in Canada.”

Is Oakville Ontario expensive?

Oakville is typically thought of as an affluent area. In fact, in 2017 its residents were found to have the highest median income in Canada. The average selling price for a home in Oakville is $1 million, giving the Town the title of the second most expensive housing prices in the GTA.

Why is Oakville a good place to live?

Maclean’s notes that Oakville’s top three features are its amenities, low crime rate, and culture and community. In 2018, MoneySense Magazine voted it Canada’s best place to live, citing multiple reasons why.