Oakville Rental Market Update

By
Real Estate Agent with RE/MAX Aboutowne Realty Corp

Oakville Rental Market Update - 2011

  Apartments Townhomes Detached Total
Current Inventory  16 26  46  88
         
Number of Units Rented        
August 22 34 37 93
July 22 27 32 81
June 19 35 40 94
May 19 32 28 79
April 10 26 27 64
March 13 27 23 63
February 14 31 18 63
January 15 25 22 62
         
Total for Year 134 237 227 598
Average per Month 17 30 28 75

It was a busy month with a total of 93 rentals in Oakville in August, up from 81 last month and about average for the month of August (there were 92 and 91 leases in August 2010 and 2009 respectively).

Rental inventory dropped back down to 88 units from 107 last month. The supply of apartments and townhomes remains very low (less than 1 month supply) while the supply of detached homes is well above the monthly average. As with last month its interesting to note that of the 46 detached homes listed for lease in Oakville, 37 of those are priced at $3,000/month and above!

 

Posted by

David Archibald

Real Estate Sales Representative

RE/MAX Aboutowne Realty Corp.

david@westendproperties.ca

416-938-9951 (direct/mobile)

905-842-7000 (office)

905-842-7010 (fax)

 

www.westendproperties.ca

 

Residential Sales - Leasing - Investment Properties

 

Your best interest is my top priority!

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