Life in Oakville Ontario is a welcome break from the chaotic life of metro cities. While there are obviously some benefits of living in a major city, there are also a few drawbacks of it.
Not everyone likes the fast paced life, hectic schedules, and traffic woes of city life. But what if you could enjoy all the benefits of living in a city without dealing with its issues?
That is an opportunity that you would grab with both hands, wouldn’t you? Well, that is exactly the kind of opportunity Oakville offers!
The town of Oakville is home to more than 200,000 people. It is regarded as one of the best places to live in Canada. A study by Money Sense magazine named it as the best place to live in Canada.
If you’re wondering why that is the case, we have broken it all down for you:
Best of Both Worlds
Oakville Ontario is situated on the northern shores of Lake Ontario in the Halton region. It has Toronto to its one side and Hamilton to the other. It is located just 30 kms (about 19 miles) from downtown Toronto.
This proximity to 2 large cities means that Oakville residents get to enjoy all the perks of living in a city (access to quality education, availability of great employment opportunities, a high standard of living etc.) without actually living in one!
One of The Safest Town in Canada
Oakville has been consistently regarded as one of the safest towns to live in Canada. The Halton region, for 14 consecutive years, has recorded the lowest crime severity index among all Canadian municipalities with a population of over 100,000.
Crime statistics and records published by the Halton Police Service also suggest Oakville has extremely low crime rates in Halton. Among Ontario’s Big 12 Police services, Halton also has the lowest overall crime rate, the lowest violent crime rate, and the lowest property crime rate.
Employment & Entrepreneurial Opportunities
There are about 4500 employers in Oakville town at present. Majority of them belong to the technology, automotive, tourism, and business services sectors. About 260 of these are corporate headquarters of various national and international companies.
There are thousands of small businesses in Town of Oakville, which suggests that there is a great opportunity for a small business to thrive here. Residents of Oakville also seek and get great employment opportunities in Toronto, Hamilton, and other GTA cities.
Quality of Education
Residents here are well educated. The school system in this town is regarded as the best in Ontario. You will find plenty of public, private and Catholic schools here.
The public school system along with public health services, is trusted the most by residents. The famous Sheridan College, with its renowned animation program, is based in this township.
Transportation
The town of Oakville has easy access to public transit. You can catch a bus or train into Toronto. The Toronto Pearson International Airport is about a half an hour’s drive away from.
It has easy access to 3 highways – Queen Elizabeth Way (QEW), Highway 403, and Highway 407. This makes commuting to and from work comfortable. A well designed network of internal roads also contributes to that.
Recreation and Other Fun Activities
There are plenty of recreational activities. The town hosts more than 260 performances of music, drama and other art forms every year. A jazz festival has been held in Downtown Oakville every year since 1992.
The annual ‘For the Love of the Arts’ festival is a delight for art lovers. It also has more than 150kms of trails and over 1400 hectares of parklands. Don’t forget to visit Bronte creek park and Kerr village this summer. You will fall in love with it, I promise.
There is an abundance of waterfront parks, playgrounds, garden plots, dog parks, skateboard parks, etc. Residents can also plan, organize, and attend events at the town’s iconic town hall.
11 amazing facts about this Town
There is a lot more to this town than it would seem to be from the outside. Here are some amazing facts about this beautiful town:
- In 1827, William Chisholm bought 960 acres of land at an auction for about $4116. This stretch of land is what has become the town of Oakville today.
- Oakville welcomes more than 1.4 million tourists annually.
- The world famous Niagara Falls is barely an hour’s drive from here.
- Environment Canada suggests that Oakville has the best climate in Canada. The town has the perfect amount of precipitation and the ideal number of days with sub-zero temperatures
- The Money Sense study named Oakville as the best town for new Canadians. It was also ranked as the third best place to retire and the fifth-best to raise a family.
- Bowling fans would love to visit the legendary bowling alley at Hopedale Mall. The alley has been serving customers since 1959 and is a local landmark.
- Oakville is home to 3 Olympic gold medalists – Larry Cain, Donovan Bailey, and Adam Van Koeverden
- Popular movies and TV series such as ‘Dream House’ and ‘The Handmaid’s Tale’ were shot in Oakville. Some portions of the TV show ‘Suits’ were also filmed here in June 2016.
- The Oakville Soccer Club is the largest of its kind in North America. Oakville Crusaders Rugby Club also holds the same distinction.
- The iconic Glen Abbey Golf Club is housed here.
- Oakville Beaver, published by Metroland News, is the most popular local newspaper in the town. It is a rebranded version of the 150 year old Oakville Journal.
Real Estate in Oakville
The majority of the houses in this town are single detached residences. However, the town also has condos and townhomes.
The value of a residence in Oakville could fluctuate from about $200,000 for a 1 bedroom condo to a whopping $65 million for a lakeside mansion.
As of 2018, the value of the average primary residence here was about $1.2 million.
In terms of style, the architecture of houses here could range from the historic 1800s to ultra-modern.
If you are looking to make Oakville your future home we can definitely help you with the best mortgage loan product for you. You can also count on getting a viable mortgage solution that incorporates your short and long term real estate investing goals.
Connect with us to know if CMHC’s new rules are being implemented as of July 01 2020 and or mortgage stress test is going to be a problem for your mortgage approval and most importantly to find a workable solution.
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Click the link ahead to discover more about the city of Mississauga.