In the realm of luxury living, Toronto, Canada stands as a beacon, attracting discerning individuals from around the globe. But venture just beyond its bustling streets, and you'll find Oakville—an affluent town located on the side of Toronto and proudly touted as the wealthiest community in Canada. In a recent interview with Duncan Harvey, branch partner and broker at Berkshire Hathaway HomeServices West Realty, we gained insight into Oakville’s renowned serene landscapes, prestigious properties, and the aura of exclusivity that sets it apart.

What defines luxury in Oakville is all in its location. Situated conveniently between Hamilton and Toronto on the shores of Lake Ontario, Oakville occupies a prime spot that historically made it a haven for the affluent. 

“In the past, when Montreal, Toronto, and Hamilton reigned supreme, Oakville served as the preferred summer destination for the elite, thanks to its central location and access to top-notch amenities such as excellent transportation links, esteemed educational institutions, and superior healthcare facilities” Harvey stated.

In regard to recent policies, the Canadian government’s ban on foreign buyers from 2023 to 2025 hasn't had much of an impact on Oakville's luxury market. Unlike Toronto, where international buyers may flock in search of investment opportunities, Oakville's appeal lies more as a permanent residence. In fact, during the COVID-19 pandemic, Harvey added that “Oakville experienced an influx of newcomers fleeing the chaos of city life in Toronto, drawn to its safety and convenience.

As for the homes themselves, the definition of luxury has evolved over the years. Gone are the days of simply building bigger mansions; today's discerning homeowners prefer sleek, modern abodes reminiscent of "Los Angeles-style” architecture. While climate constraints may limit certain amenities, innovative features like heated driveways and dual pools—both indoor and outdoor—add an extra layer of extravagance to these residences.

A prime example can be seen in 1267 Cumnock Crescent—an exquisite custom-built estate nestled in the prestigious South East Oakville neighborhood. Inside, the American Cherry hardwood floors guide you to a chef's kitchen outfitted with top-of-the-line appliances, while the tranquil Muskoka room provides the perfect retreat. Upstairs, the primary suite awaits with a spa-like ensuite and bay window views, accompanied by three additional bedrooms and a loft. Outside, a stone patio, sauna, BBQ area, saltwater pool, and lush gardens create an ideal setting for entertainment. 

Despite fluctuations, the high-end market in Oakville has remained resilient, with prices holding steady even during the most tumultuous times. While sales may slow down in response to market trends, Oakville's luxury market continues to thrive, fueled by a demand for exclusivity and sophistication.

For more information about Berkshire Hathaway HomeServices West Realty, visit www. BHHSToronto.my-re.ca/. To learn more about real estate opportunities in the area, contact Duncan Harvey: duncan@bhhsoakville.ca,(905) 844-8068.