A neighbourhood for every budget

Yesterday, my wife Marg, and I went for a drive though some neighbourhoods in the west end for a change. Call it a hobby - we enjoy driving through different neighbourhoods as well as the open countryside.

Yesterday's destination was the Oakville area west of Ford Drive and south of Royal Windsor and the 403.
While browsing the TREB system for some noteworthy homes and areas, the following area caught my eye.
Why?

Because in that one area - denoted by the multiple push pins - there are 100 detached homes on the market, currently listed at $2 MILLION or higher!

I was pretty surprised to see that many homes in that price range on the market in one area.

That struck me as odd. But touring an area loaded with $2+ million dollar homes was still of interest so away we went. It was a perfect day for a drive - cloudy, with rain on and off, which made for light traffic.

When we got there, we drove up and down various streets, even parked and took a walk here and there on lake-front promenades to see the back sides of some of these gorgeous homes and their lake views.

Gorgeous homes. Gorgeous neighbourhoods.
So why do so many of them want out?
Well, only two reasons come to mind.
a) financial issues or
b) objection over the construction of the coming natural gas power plant which is slated to be built across from the Ford plant on Royal Windsor.

And from the large number of signs on resident lawns objecting to the gas power plant, I'm guessing that they're leaving because of the natural gas plant - although it's scheduled to be in operation less than 40% of the time because it's intended to provide additional power at times of peak demand only.

Just like the stock market, the best time to buy is when everyone else is selling.
And the best time to sell is when everyone else is buying.

So if you want to get a good deal on a house in the $2 million range, I'd be happy to show you any one of the 100+ homes for sale in that price range in eastern Oakville.