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Oakville Real Estate Update October 2023

October 2023 Oakville Real Estate Update

Oakville Real estate Update October 2023

Last month we saw more houses coming on the market and fewer being sold. Even so it’s still a balanced market. Time on the market was less than a year ago with homes that are priced right selling quickly. Prices are comparable to last October with a slight increase about 1%. Buyers tend to be sitting on the sidelines waiting to see interest rates stabilize. 

The bank of Canada left interest rates at 5 % it was the 2nd consecutive rate pause this year. It looks like we might be set for a healthy spring market and with that prices will begin to increase. Timing is everything and it’s a good time to buy. Higher interest rates will be offset by price increases.  

If you’re thinking about making a move (or know someone who is) I’m only a text, call, or email away.

Be sure to check out my free local Facebook Group, Meet Me In Oakville. It’s a great place to connect with other community members and get weekly updates on the best events and happenings in and around town.

Ready to buy a home? I have some recommendations for great lenders. Just send me an email to hello@meetmeinoakville.com or call or text me at 365-675-0734

 No pressure, no sales tactics, just the help and guidance that you need, when you need it!

Claudia Chopik

Claudia Chopik

Hi, there! I’m Claudia, the founder of Meet Me In Oakville – A strong tribe of Oakville residents who get weekly information about the best events, restaurants, shopping, activities, and real estate In and Around Oakville, Ontario.