Oakville Rental Report

Halton Region Rental Market Overview

– Q1 2025

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The rental landscape across the Halton Region in the first quarter of 2025 reflects sustained demand and steady leasing activity, particularly in Oakville and Milton. A total of 1,257 apartment units were listed for rent throughout Halton, with 789 successfully leased, marking a strong regional absorption rate.

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Key Highlights by Municipality:

• Oakville led the region in rental activity with 830 units listed and 530 leased.
  • One-bedroom apartments averaged $2,198
  • Two-bedroom units leased for an average of $2,801
  • Three-bedrooms, while limited in supply, reached a high average of $3,450

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• Milton recorded 270 listings, of which 160 were leased.
  • Notably, two-bedroom units leased at $2,671, and three-bedroom units averaged $2,958

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• Burlington saw 155 units listed, with 98 leased
  • One-bedrooms averaged $2,304, and two-bedrooms stood out at $3,028
  • Three-bedroom rentals were the priciest in the area, at $3,067

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• Halton Hills had minimal activity, with just 2 listings and 1 lease transaction

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Overall Market Trends:

Across the entire Halton Region, lease rates averaged:

• $2,195 for one-bedrooms
• $2,811 for two-bedrooms
• $3,075 for three-bedroom units

With average prices continuing to rise, particularly in Oakville and Burlington, the data signals a strong demand for larger rental units and a competitive leasing environment. For landlords, this presents an excellent opportunity to capitalize on rental income potential. For tenants, early preparation and market insight are key to securing the right unit.

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In April 2025, the Oakville real estate market displayed a mix of resilience and adjustment. The average sold price reached $1,513,732, reflecting a 4.64% decrease year-over-year. While prices have seen some downward pressure, market activity has surged, with 846 new listings (+25.52%) and 1,346 active listings (+86.94%), signaling growing inventory and seller confidence.

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However, sales volume has softened, with 224 properties sold, a 22.30% decline compared to last year. The months of inventory (MOI) increased to 6, and the average days on market (DOM) rose to 26.95 days, both indicating a shift toward a more balanced or buyer-favorable market.

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Breakdown by property type:

• Detached Homes: $2,032,729 (▼ 4.47%)
• Townhouses: $1,106,124 (▼ 8.10%)
• Semi-Detached: $1,187,429 (▼ 0.71%)
• Condo Apartments: $685,769 (▼ 17.76%)

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This shift presents new opportunities for buyers, while sellers must adjust strategies to remain competitive. Market insight and thoughtful planning are key.