If you've been waiting for an opening to buy a condo or townhouse in Oakville and Burlington, this fall is worth a serious look. Quick answer: prices across Halton Region's condo and townhouse segment are down roughly 11 to 20 percent year-over-year, homes are sitting on the market for six weeks instead of four, and nearly nine out of ten condo sales are closing below asking price. For buyers who've been priced out or outbid over the past few years, that's a real shift in leverage.
Is the Oakville and Burlington condo market still falling in 2026?
Yes, prices are still softening, though the pace has slowed. Halton Region's townhouse and condominium segment averaged $753,375 in August, essentially flat from July but down 10.8 percent from a year earlier, according to the Oakville, Milton and District Real Estate Board.
In Burlington specifically, the drop is sharper at the smaller end: one-bedroom condos averaged $397,000 (down 15 percent year-over-year) and two-bedroom units averaged $599,000 (down 20 percent), while three-bedroom condos and larger townhomes held steadier, actually edging up about 2 percent. Active condo listings in Burlington sit around 288, down 23 percent from last year, even as new listings slowed too, a sign that sellers who don't need to move are simply waiting this out.
At Martin Group, we're seeing that same split play out across our own Oakville and Burlington listings: smaller units are where the discounts are concentrated, while larger three-bedroom condos and townhomes near transit are holding their value.
Why do condo and townhouse prices keep dropping while houses hold steadier?
Condo and townhouse prices are falling faster than detached homes because investors, who make up a disproportionate share of condo buyers, have largely stepped back. Halton's single-family average sat at $1,405,216 in August, down just 3.3 percent year-over-year, a far smaller decline than the condo segment's double-digit drop.
Higher carrying costs, elevated condo fees, and a wave of pre-construction closings across the GTA have pushed investor-owned units back onto the resale market at the same time buyer demand has cooled. Days on market for Halton townhouses and condos stretched to 41 in August, up from 38 a year earlier, and 88.3 percent of those sales closed below asking. Buyers are negotiating, and sellers who price realistically from day one are the ones actually getting deals done.
Where are condo and townhouse buyers finding the best value?
Value right now is concentrated in one- and two-bedroom units and in townhouse-style condos just outside the downtown cores. In Oakville, that means looking at Uptown Core, the Trafalgar corridor, and pockets of River Oaks and West Oak Trails, where newer townhome and stacked-condo developments are competing for a smaller buyer pool than they were built for. In Burlington, the Alton and Appleby areas are showing softer pricing than the downtown core and Brant Street corridor, while still offering GO Train access for commuters.
Our Martin Group agents track these buildings block by block, and the pattern is consistent: buyers who don't need a specific school catchment or a detached lot in Glen Abbey or Old Oakville have real room to negotiate on condo and townhouse product this fall, something that simply wasn't true eighteen months ago.
What should buyers watch for before making an offer this fall?
Before you write an offer, budget carefully for maintenance fees and ask for at least two years of reserve fund studies and status certificate history, a shortfall in a building's reserve fund is how special assessments catch Oakville buyers off guard. Also confirm whether the property carries a POTL (Property Owners of a Title Land) fee, common in Oakville's newer townhouse developments, since it functions like a condo fee even though the unit itself is technically freehold.
With below-asking sales this common across Halton Region, don't anchor your offer to the list price. Anchor it to recent comparable sales in that specific building or complex instead, since pricing can vary widely floor to floor and even unit to unit right now.
The Bottom Line
Condo and townhouse prices across Oakville and Burlington are down meaningfully from a year ago, inventory is thinner than it looks because fewer sellers are listing, and buyers who do their homework on fees and comparables are closing well below asking. It's a market that rewards patience and preparation over speed.
If you're weighing whether now is the right moment to buy a condo or townhouse in Oakville, Burlington, or anywhere else across Halton Region, Martin Group can walk you through the numbers for the specific buildings and neighbourhoods you're considering. Call us at (289) 778-3852 or visit themartingroup.ca to get started.
