For some time the city of Oakville has been known to be one of the more affluent communities surrounding Toronto. It is a perfect place for families growing in to a bigger home that may have profit from selling their smaller home. Many beautiful mansion like homes can be found situated along the water front of Lake Ontario. Although residents are keen to keep the housing developments to a minimum there has been some construction of several condominium complexes within the area. So far in 2008, Oakville has been one of the markets which has seen the decrease in detached home prices. Good news for those looking to buy in the area not so good for those who are interested in selling. The figure for a new detached home in Oakville this time of the year is down by five percent from the same time last year. Despite these figures however, there remains many developments in Oakville, especially in the Bronte Creek area for those who feel the price of living in Oakville is well worth it.

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