The Insignia Private Residences at Sixteen Mile Creek, a nine-storey, 29-unit luxury condominium development, will soon call Oakville home. The development brings with it the opportunity for buyers to have a wider selection of homes in the $800,000 to $2.5 million range.

“Based on the latest statistics from the Oakville, Milton & District Real Estate Board, residential sales in Oakville are up more than 18 per cent in the last 12 months,” said Cindy Avis, of the Avis Team, in a press release. “The timing could not be better for the arrival of 29 new residences in Oakville amidst the tightest demand this town has seen in years. With the average price of a new residence in Oakville up 35.9 per cent in the last 12 months to more than $1,390,000, this project creates a much-needed destination for those in search of luxurious condominium living.”

The developer, Opus Signature Collection, brought on construction partner LCL Builds of Toronto and architect OneSpace Architects of Toronto to work on the building, which will feature suites ranging from 1,271 to 3,117 square feet. Each floor of the building will house a maximum of four units, so each home is guaranteed a corner view.

Each buyer will receive a complimentary design consultation by Oakville-based Studio h Interior Design, which has selected a collection of high quality finishes to complement the overall design of the building while personalizing each unit.

Other amenities of The Insignia include a private concierge, panoramic south-facing rooftop lounge with professional kitchen and dining room, walkout rooftop terrace with outdoor cooking facility, and a main-floor wine lounge with private wine lockers. Most suites will offer parking for two vehicles.