Oakville in September 2026
Oakville recorded 162 home sales in September 2026 across 699 new listings, leaving 1,073 active listings at month’s end — a Months of Inventory (trend) reading of 4.9. The average selling price was $1,365,169 (median $1,211,500), the highest of the Halton Region municipalities. The sales-to-new-listings ratio was 36.5%, and homes sold at an average of 96% of list price after 32 days on market.
Across Halton Region as a whole (Burlington, Halton Hills, Milton, and Oakville combined), there were 502 sales in September on 1,733 new listings, with 2,625 active listings and a regional Sales-to-New-Listings Ratio of 40.4%. Oakville’s own SNLR of 36.5% sits below the regional average, consistent with softer conditions in the higher end of the detached segment.
Sales & Average Prices — September 2026
Detached homes remain Oakville’s dominant and highest-value segment. Freehold and condo townhouses are tracked as distinct categories by TRREB and are kept separate below — freehold (Att/Row/Townhouse) units carry no condo fees and sold for meaningfully more on average than condo townhouses in September.
| Property Type | Sales | Average Price | Median Price | Active Listings | Avg. SP/LP |
|---|---|---|---|---|---|
| Detached | 85 | $1,740,421 | $1,546,000 | 596 | 95% |
| Semi-Detached | 6 | $1,050,750 | $987,250 | 25 | 97% |
| Att/Row/Townhouse (Freehold) | 27 | $1,167,320 | $1,069,000 | 154 | 98% |
| Condo Townhouse | 13 | $1,009,115 | $900,000 | 65 | 96% |
| Condo Apartment | 29 | $699,379 | $537,500 | 223 | 96% |
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, September 2026 — “Summary of Existing Home Transactions” by home type, Oakville.
MLS® HPI Benchmark Price — September 2026
The MLS® Home Price Index tracks a “typical” home per category and is less distorted by high-end sales than the average price above. All Oakville categories declined year over year, led by townhouses.
| Category | Benchmark Price | Yr./Yr. % Chg. |
|---|---|---|
| Composite | $1,128,800 | ▼ 3.03% |
| Single Family Detached | $1,573,000 | ▼ 3.02% |
| Single Family Attached | $981,200 | ▼ 5.36% |
| Townhouse | $700,000 | ▼ 8.39% |
| Apartment | $552,100 | ▼ 6.20% |
Source: Toronto Regional Real Estate Board (TRREB), Market Watch, September 2026 — “Focus on the MLS® Home Price Index,” Oakville. HPI categories are defined by TRREB and do not map one-to-one onto the sales categories above.
Supply and Demand Breakdown
Year-to-date through September 2026, Oakville has recorded 1,911 sales at an average price of $1,440,232 (median $1,270,000) on 5,620 new listings, with an average sale-to-list ratio of 96% and homes taking an average of 34 days to sell. The gap between Oakville’s year-to-date average price and its September MLS® HPI composite benchmark ($1,128,800) reflects the influence of a relatively larger share of higher-priced detached sales on the average.
What's Driving the Market
GTA-wide backdrop: Across all TRREB Areas, GTA REALTORS® reported 5,040 home sales in September 2026, down 9.0% from September 2025, while new listings fell 14.4% year over year to 16,500. TRREB Chief Information Officer Jason Mercer said, “We know there is substantial pent-up demand in the GTA, with many households fully intending on purchasing a home in the months ahead,” while TRREB President Daniel Steinfeld pointed to the upcoming municipal election as a factor in housing policy across the GTA and Simcoe County for the next four years. TRREB CEO John DiMichele urged governments to reduce barriers such as Toronto’s Municipal Land Transfer Tax and to oppose its expansion across the GTA and Simcoe County.
Interest rates: Per TRREB’s September 2026 economic indicators, the Bank of Canada overnight rate stood at 2.3% and the prime rate at 4.5%, with reported mortgage rates of roughly 5.49% (1-year), 6.05% (3-year), and 6.09% (5-year). Nordaux’s own live rate board (see sidebar) tracks current lender offers, which can run below these reported averages.
Economic backdrop: TRREB’s indicators for the period show Real GDP growth of 3.3% (Q2 2026), Toronto-area employment growth of 1.7% (August 2026), a seasonally adjusted Toronto unemployment rate of 6.8% (August 2026), and year-over-year CPI inflation of 3.0% (August 2026).
Closing costs: Ontario applies Land Transfer Tax on every purchase, and Toronto buyers pay an additional municipal LTT on top. Use our land transfer tax calculator to estimate your closing costs, or read how property transfer tax compares across Canadian provinces.
Key Terms
Oakville Rents — July 2026
Oakville remains one of Ontario's more expensive rental markets even after recent declines. Per Rentals.ca, the average asking rent across all unit types in Oakville was approximately $2,517/month in July 2026. Average asking rent for a one-bedroom unit was approximately $2,198/month, and for a two-bedroom unit approximately $2,819/month.
Source: Rentals.ca, July 2026 city rent data. These figures are corroborated across multiple independent queries of Rentals.ca's published July 2026 numbers for Oakville; Nordaux was unable to directly access the original Rentals.ca National Rent Report PDF to verify formatting, so treat these as approximate. Run the rent vs. buy calculator →