Oakville is a wonderful area to live in within the Greater Toronto Area. It has a lot to offer and there is an Oakville property for every budget and lifestyle. . In October 2009 the average house price for an Oakville property was $596,694 and in October 2010 the average house price was $550,636 this represents an eight percent drop in Oakville residential property home prices from a year ago.
In past years Oakville properties have been climbing steadily. A big reason prices show a decline in overall Oakville property house prices is the power plant fight in South East Oakville which brought values down. If these properties would be removed from the calculation you would see that the rest of Oakville properties have either maintained the same values or had a slight increase. Now that the residents of South East Oakville have won that fight and the power plant is no longer an issue prices in this area too should begin to recover quickly as there is most likely some buyers that have been waiting for the outcome of the power plant issue and can now proceed to buy there Oakville property.
This of course means that Oakville Property prices will most likely exceed the prices of the last few years. That is great news as South East Oakville is a great area and has a lot to offer and will most likely rebound very quickly. Click here to read more.
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