Here is some historical sales data for the Oakville condominium market. We have separated the sales of townhome and apartment style condos.

Solid condominium performance in the first half of 2008
"Condominiums experienced upward momentum during the first six months of 2008, despite an overall lag in the marketplace," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. "Their entry-level price point clearly struck a cord with a broad range of purchasers. And while singles, empty nesters, and retirees, remain driving forces in the condominium market, a new demographic has emerged - young families."

Condo Lifestyle a Solid Investment (RE/MAX November 2007)
After more than three decades of slow but steady growth, the
condominium concept has finally clicked with Canadian homeowners. The lifestyle has proven to be a solid investment in housing markets across the country, chalking up some of the most impressive gains in residential real estate in 2007.

Their universal appeal is substantiated, with every market reporting increased momentum in condominium sales volume over 2006 levels. In fact, 80 per cent of markets surveyed reported double-digit gains in sales year-over-year, with 53 per cent reporting increases over 20 per cent.

“The white picket fence, sprawling green lawn and tidy urban bungalow has become an unattainable ideal for many first-time buyers—especially in the West,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “By necessity, condominiums have become the only practical means to homeownership for a growing segment of the population. Today’s entry-level purchasers aspire to manageable mortgage payments, sunset city views, and the non-stop action and amenities of central core living, all packed into 600 to 800 sq. ft. The momentum of the market in recent decades has redefined the home buying process.”

Extraordinary Demand for Condominiums (RE/MAX January 2007)
High-density residential in the form of condominium apartments has provided a more affordable alternative to single and semidetached
housing. The condominium lifestyle has finally caught on with various age groups. Young professionals, empty nesters, and retirees have all fuelled extraordinary demand for condominiums in recent years. Unlike the late 1980s, when speculation was rampant and thousands of units were unloaded on an unsuspecting market, today’s condominium purchasers are largely end-users. Condominium apartments and townhomes now represent approximately 30 to 35 per cent of the market, and this housing type is expected to capture an even greater piece of the pie as overall housing values increase.

Condos Appeal to First-Time Buyers (CMHC July 2006)
Rising home prices have played a key role in declining demand for low-rise housing. Ground-oriented home types have become too expensive for a large proportion of first-time buyers and some existing home owners as well. Results from CMHC’s Consumer Intentions to Buy or Renovate Survey suggest that first-time buyer intentions have dropped noticeably compared to last year.

Households that have decided to purchase a new home have increasingly turned to condominium apartments, including those in traditional high-rise developments as well as stacked town homes. These housing types are available at lower price points.