Greater Toronto Area
Oakville Real Estate Appraisals
Residential, Commercial & Industrial Property Appraisals in Oakville, Ontario
REX Valuations provides professional real estate appraisal and property valuation services throughout Oakville, Ontario and the surrounding Halton Region and Greater Toronto Area markets.
Our appraisal assignments include detached and semi-detached homes, luxury and custom residences, townhouses and condominiums, commercial and mixed-use properties, industrial buildings, warehouses and manufacturing facilities, office and retail properties, multi-residential real estate, vacant land, development land and other specialized properties.
Appraisals may be required for financing, acquisitions and dispositions, matrimonial and litigation matters, estates, property taxation, expropriation, retrospective valuation and other purposes.
Oakville Real Estate Market – Q2 2026
Oakville's residential market strengthened through the second quarter of 2026, although conditions varied substantially by housing type and price range.
Approximately 848 residential properties sold during Q2 2026, based on 247 transactions in April, 313 in May and 288 in June. Average monthly selling prices ranged from approximately $1.42 million to $1.63 million, reflecting Oakville's high-value housing stock as well as changes in the mix of properties sold from month to month.
By June, Oakville recorded 288 sales, up 11.2% from June 2025, while the average selling price of approximately $1,424,648 was 1.6% lower year-over-year. The median price was approximately $1,311,500. Overall months of inventory had declined to approximately 4.3 months, indicating more balanced conditions than were evident earlier in the spring.
Commercially, Oakville remained an important western GTA employment and industrial market. Q2 industrial availability was approximately 4.0%, with average asking net rent around $16.92 per square foot. The municipality was also actively reviewing its employment-area planning framework during Q2 2026, making land-use policy particularly relevant to the valuation of employment and redevelopment properties.
Residential Real Estate Market in Oakville – Q2 2026
Oakville began Q2 with relatively elevated inventory and a sales-to-new-listings ratio of approximately 32%. Conditions gradually tightened as the quarter progressed, reaching approximately 39% by May and June.
The quarterly figures show why Oakville cannot simply be described as either a rising or declining market. Sales improved and inventory tightened, but the average price fluctuated considerably because Oakville contains a substantial luxury and high-end detached housing segment. A relatively small number of very high-value sales can significantly affect the municipality-wide average.
Well-located detached properties continued to attract demand, while condominium purchasers generally had more choice and negotiating leverage. Detached sales were up 31.5% from June 2025, although the average detached price was 8.5% lower. Condominium apartments remained a softer segment, with approximately 6.1 months of inventory and an average price approximately 20% below the previous June.
For appraisal purposes, recent comparable sales within the same neighbourhood, price category and housing type are considerably more informative than a single Oakville-wide average price.
Q2 2026 Trend
Detached sales rose 31.5% year-over-year in June, but the average detached price was still 8.5% lower. Meanwhile, condo apartments carried 6.1 months of inventory and averaged 20% below June 2025 — two very different markets within the same municipality.
Oakville Q2 2026 Residential Market Snapshot
| Indicator | Q2 2026 Quarter-End |
|---|---|
| Sales — April 2026 | 247 |
| Sales — May 2026 | 313 |
| Sales — June 2026 | 288 (+11.2% YoY) |
| Average Price — April | $1,628,686 |
| Average Price — May | $1,575,743 |
| Average Price — June | $1,424,648 (-1.6% YoY) |
| Median Price — June | $1,311,500 |
| Months of Inventory — June | 4.3 |
| Sales-to-New-Listings Ratio — June | 39% |
| Avg. Days on Market — June | 30 |
| Detached Average — June | $1,790,266 |
| Semi-Detached Average — June | $1,057,071 |
| Townhouse Average — June | $1,107,970 |
| Condo Apartment Average — June | $669,888 |
| Condo Apartment Inventory | ~6.1 months |
TRREB-derived Oakville market data, April–June 2026.
Residential Neighbourhoods in Oakville
Oakville contains a range of housing markets, and values can differ materially across relatively short distances.
Old Oakville
Contains historic housing, renovated homes, custom construction, condominium development and some of the municipality's highest-value residential properties. Proximity to Downtown Oakville, Lake Ontario and the harbour can be significant valuation considerations.
Morrison and Eastlake
Contain substantial custom and luxury residential inventory, often on larger lots. Lot dimensions, redevelopment potential, construction quality and proximity to the lake can result in significant differences in value.
Bronte
Combines older detached housing, newer infill, townhouses and condominium development around Bronte Harbour and Lakeshore Road West. Waterfront proximity and the Bronte commercial district contribute to its distinct market characteristics.
Glen Abbey
An established suburban community containing predominantly detached housing and townhouses, with a wide range of building sizes and ages.
River Oaks
Contains detached homes, semi-detached dwellings and townhouses in a central north Oakville location.
West Oak Trails
Contains predominantly newer suburban detached, semi-detached and townhouse housing.
Joshua Creek and Wedgewood Creek
East Oakville neighbourhoods containing substantial newer and higher-value detached housing, benefiting from access toward Highway 403, the QEW and Mississauga employment areas.
Palermo and Bronte Creek
Western Oakville contains newer suburban development, townhouses and condominiums together with continuing growth north of Dundas Street.
North Oakville
One of the municipality's principal growth areas containing newer detached, townhouse and condominium development. The scale and age of development distinguish North Oakville from the established neighbourhoods south of the QEW.
Commercial Real Estate Market in Oakville – Q2 2026
Oakville has a diversified commercial property base including industrial, manufacturing, office, technology, automotive, retail and development properties.
The Town's economic development reporting identifies continued investment in advanced manufacturing, professional services, technology, health and life sciences and other industries. Major corporate and industrial investment has included the ongoing transformation of the Ford Oakville Assembly Complex.
Industrial permit activity was particularly strong in 2025, immediately preceding the Q2 2026 market. Oakville recorded approximately $233 million in industrial construction value and more than 2.4 million square feet of industrial permit activity, including more than 1.1 million square feet of new development.
Industrial Property in Oakville
Oakville's industrial market remained relatively tight during Q2 2026.
A Colliers-derived market analysis reported overall availability of approximately 4.0%, average asking net rent of approximately $16.92 per square foot and net absorption of approximately +23,042 square feet. No significant new industrial supply was reported as having been delivered during the quarter.
The performance of Winston Park differed from the broader Oakville market. The submarket recorded approximately 216,682 square feet of negative absorption, causing availability to rise to 5.8% with asking rent of approximately $16.24 per square foot. This demonstrates why an Oakville-wide industrial statistic should not automatically be applied to every property.
Oakville's high underlying land values can be particularly important when analyzing older industrial properties on comparatively large sites.
Key industrial valuation factors
- Gross building area and clear ceiling height
- Truck-level and drive-in shipping
- Office percentage and site coverage
- Yard area and outside storage
- Electrical capacity and construction quality
- Building age, condition and environmental condition
- QEW and Highway 403 access
- Zoning and excess land
- Redevelopment or expansion potential
- Underlying land value
Office and Commercial Property in Oakville
Oakville's office market is part of the broader western GTA suburban office market and includes professional, corporate, technology and medical office properties.
For broader context, CBRE reported that suburban GTA office vacancy declined from 20.7% to 20.2% during Q2 2026, with average suburban asking net rent of approximately $18.38 per square foot. These are regional rather than Oakville-specific statistics.
What Drives Real Estate Values in Oakville?
Oakville had an estimated 2026 population of approximately 244,000, with an estimated labour force of approximately 139,282. Businesses in Oakville have access to an estimated labour pool of more than 3.9 million workers across the wider GTHA.
Oakville's economy includes substantial employment in professional services, advanced manufacturing, automotive, health and life sciences, digital and technology industries, education, retail and corporate services. Recent investments include expansion and retooling associated with Ford Motor Company of Canada, together with new manufacturing and corporate facilities.
Major Commercial and Employment Areas in Oakville
Winston Park
One of Oakville's major eastern employment districts benefiting from strong QEW and Highway 403 accessibility. Contains industrial, warehouse, office and commercial employment properties.
QEW East Employment Area
Has experienced substantial employment growth and contains a broad mix of industrial, manufacturing, office and service-commercial properties. Oakville's employment-market review found recent employment growth particularly strong in this district.
QEW West / Speers Road
Western and central Oakville contain established industrial and commercial properties along Speers Road, Third Line, Bronte Road and surrounding QEW corridors.
Burloak Employment District
Benefits from QEW access and proximity to Burlington and contains industrial, office and employment properties.
North Oakville Employment District
Located generally between Dundas Street and Highway 407 and forms an important component of the municipality's long-term employment supply.
Transportation and Accessibility
Oakville benefits from direct access to the Queen Elizabeth Way, Highway 403 and Highway 407. Major east-west arterial roads include Dundas Street, Upper Middle Road, Speers Road and Lakeshore Road.
Oakville is served by Oakville GO Station and Bronte GO Station on the Lakeshore West line, providing regional commuter rail connectivity.
Transportation access is particularly significant to Oakville's industrial and office markets because of the municipality's position between Mississauga and Burlington.
Development, Planning and Zoning in Oakville
Midtown Oakville is one of the municipality's most important long-term redevelopment areas. The Town is planning for Midtown to evolve into a dense, mixed-use and transit-oriented urban centre surrounding Oakville GO Station. Transportation and stormwater master planning work was completed during early 2026, while the Town continued implementation work associated with Official Plan Amendment 70.
For appraisal purposes, properties in Midtown may require analysis of existing income together with redevelopment potential, planning permissions, density, infrastructure requirements and development timing.
Oakville was also undertaking a comprehensive review of its employment lands during Q2 2026. A statutory meeting occurred on June 15, 2026, addressing proposed amendments that would reorganize employment designations into categories including Core Employment and Diversified Employment. This is particularly relevant to industrial and development-land appraisal because changes in employment-area policy can affect permitted uses and highest and best use.
What Affects Property Value in Oakville?
There is no single "Oakville price per square foot" that reliably determines market value. A professional appraisal considers the specific competitive market for the property, rather than applying a municipal average to an individual asset.
Residential
- –Neighbourhood and price category
- –Lot dimensions and waterfront proximity
- –Dwelling size and construction quality
- –Age, condition and renovation quality
- –Garage, parking and school proximity
- –Luxury and custom-home market segment
- –Recent comparable sales
Commercial & Industrial
- –Zoning and employment-area designation
- –Building area, clear height and shipping
- –Site coverage and outside storage
- –Market rent, vacancy and lease terms
- –Capitalization rates and operating costs
- –QEW and Highway 403 access
- –Underlying land value
- –Redevelopment potential
Vacant & Development Land
- –Official Plan and employment-area review
- –Midtown Oakville policies
- –Density, servicing and development charges
- –Environmental constraints
- –Highest and best use
Real Estate Appraisal Services in Oakville
REX Valuations provides appraisal and valuation services for a range of Oakville properties, including commercial, office and industrial properties; residential properties; vacant and development land; investment properties; and specialized real estate.
Assignments may be required for
- Financing
- Acquisition or disposition
- Estate matters
- Matrimonial proceedings
- Litigation support
- Property taxation
- Expropriation
- Insurance
- Investment analysis
- Retrospective valuation
Oakville Real Estate Appraisal – Quick Answers
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