Oakville

Small city · Ontario · Population 213,759

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Housing and jobs

Housing costs, rents, incomes and jobs in Oakville, with comparisons and sources.

Affordability

1 · Poor

Average monthly rent$2,146/month

ON: $1,408/month · Canada: $1,209/month · 2006: $1,442/month · 2016: $1,680/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,491/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,761/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,045/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,294/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$1,200,000

ON: $700,000 · Canada: $472,000 · 2016: $882,831 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing26.4%

ON: 24.2% · Canada: 20.9% · 2006: 23.5% · 2016: 24.9% · Statistics Canada, 2021

Economy

53 · Average

Median household income$128,000

ON: $91,000 · Canada: $84,000 · 2006: $118,299 · 2016: $123,003 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)10.3%

ON: 5.8% · Canada: 5.2% · 2016: 6.2% · Statistics Canada, 2021

Unemployment rate11.7%

ON: 12.2% · Canada: 10.3% · 2006: 5.3% · 2016: 6.9% · Statistics Canada, 2021