Rent Prices. As of December 3, 2022, the average rent for a 1-bedroom apartment in Oakville, ON is $2,380. This is a 24% increase compared to the previous year.
Is Oakville Ontario expensive to live?
The average cost of living in Oakville is $3,655/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Is Oakville cheaper than Toronto?
Cost of Living Comparison Between Toronto and Oakville
You would need around 7,096.25C$ in Oakville to maintain the same standard of life that you can have with 7,400.00C$ in Toronto (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.
Why is Oakville so expensive?
Oakville will be most expensive for housing and such since it’s closer to Toronto and Toronto is very steep. It is also well and easily connected to downtown Toronto by transit, train specifically.
How much is rent in Toronto per month?
“Toronto has experienced the strongest annual growth in rents over the past year among Canada’s largest markets,” the rent report reads. The average rent for a one-bedroom apartment in Toronto costs $2,502 each month, while a two-bedroom is $3,353 per month.
Why do people move to Oakville?
Oakville is a great oasis from the fast pace of life in Toronto or Mississauga. It offers a number of ways to enjoy nature. Oakville has an abundance of parks all throughout the town. It also has a number of cultural opportunities to enjoy including different forms of music and dance.
What is the cheapest town to live in Ontario?
Peterborough. The average cost of rent in Peterborough is $1,623 for a two-bedroom apartment and $1,371 for a one-bedroom. Before rent, a single person can expect to pay $1,021 per month on average. With a population currently around 81,000, Peterborough is known as the gateway to the Kawarthas—cottage country.
Is Oakville Ontario a rich city?
Oakville is an affluent community, with higher than average household incomes when compared to the Province of Ontario, as highlighted in green below. Oakville’s 2021 average household income is estimated at $198,622.41, with the provincial average at $116,877.51.
Is Oakville a rich area?
Oakville, the richest town in Canada.
Is Oakville cheaper than Mississauga?
Generally speaking, rent prices tend to be higher in Mississauga due to its high population density, while house prices are higher in Oakville. Aside from rent, the cost of almost every other aspect of living, including restaurant prices, groceries, utilities, and transportation, are higher in Oakville.
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.
Should I move to Oakville Ontario?
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.
Is Oakville good for immigrants?
Because of Oakville’s size, the town has many activities, resources, and opportunities available for newcomers settling there. Oakville is a lovely place with a small-town feel to it and has been rated as one of the top five places to live in Canada!
What is the cheapest city to rent in Canada?
Montreal, Quebec, is the major centre in Canada that currently offers the cheapest rent. It is also the city where the rent has increased the least year over year (0.7%). The one-bedroom median rent price in Montreal is under $1,400 and you can find one-bedrooms for as low as $600.
Where is rent cheapest in Toronto?
The report says that these neighbourhoods are the cheapest for renting in 2022:
- Studios – Kensington – Chinatown $1,390.
- 1 bedroom – O’Connor – Parkview $1,478.
- 2 bedrooms – O’Connor – Parkview $2,001.
- 3 bedrooms – O’Connor – Parkview $2477.
How much rent can I afford in Ontario?
We suggest spending around 30% of your income on your rent and other housing expenses. For example, if you make $50,000 per year, you should plan to spend about $15,000 annually on rent, or $1,250 a month.
What type of people live in Oakville?
Over 81% of the population is white. The city has a population that is younger than the national average. Over 28% of the total population is under the age of 19 – higher than the national average of 24.4%.
What is Oakville best known for?
Oakville is renowned for its beautiful shopping and dining districts, which include the historic and sophisticated Downtown Oakville — one of the foremost shopping and dining destinations in Ontario with architecturally preserved storefronts.
Is Oakville the best place to live in Canada?
Oakville is a great place to live as you have access to Toronto’s job market, while maintaining the benefits of living outside the city. The commute to Toronto is only 38 kilometres with the low stress option of taking the Go Train (commuter train).
Which city is the safest to live in Ontario?
Safest City to Live in Ontario
- King City was the overall safest city of 2021.
- Markham is located in the Greater Toronto Area in Southern Ontario.
- Guelph, also known as the Royal City, is filled with culture and is well known for its limestone structures.
What is the prettiest town in Ontario?
Prettiest Towns in Ontario: Goderich
Goderich has gained the reputation as “the prettiest town in Canada“. It has historic charm, natural beauty, and astoundingly stunning sunsets. First, go for a wander around The Square, the hub of Goderich.