Town of Oakville. A vibrant and impressive community within the Greater Toronto Area (GTA), the Town of Oakville is a beautiful lakeside town with a strong heritage, preserved and celebrated by residents and visitors alike. Founded in 1857, this striking town has become one of the most coveted residential and business centres in Ontario. Located along Lake Ontario, mid-way between Toronto and Niagara Falls, Oakville is now home to approximately 165,000 people. It provides all the advantages and amenities of an urban centre, while still maintaining its small-town ambiance with historical downtown streets and converted 19th century buildings. The average household income in Oakville is estimated at $89,000, about $25,000 more than comparable GTA figures. People who live here are proud of the quality of life this great community has to offer. In a recent survey of residents, 86 per cent said Oakville is a better place to live than anywhere else in the GTA. Ideally located in a beautiful natural setting, Oakville offers first-rate facilities and amenities. The outstanding range of lifestyle choices will continue to make this growing community one in which residents and businesses feel a sense of pride and connection.