Real Estate for Rent in Morrison, Oakville, ON

Name: HOMEH Market Pulse — Morrison, Oakville closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Oakville

Morrison

family-friendly suburban quiet

Morrison is a quiet neighbourhood in Oakville, known for its spacious homes and family-friendly environment. It offers a suburban feel with good schools and parks.

High median income of $242,182 Strong school ratings with an average of 8.3 Majority of homes are single detached Low crime rates and safe community Close-knit community with a population of 5,481

Morrison, Oakville — HOMEH neighbourhood guide

Oakville, Ontario

Day to dayLivability

8.3

Schools near listings

out of 10 · averaged over 54 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$4,098,000

189% above Oakville 473% above Ontario

In Morrison

$4,098,000

In Oakville

$1,419,000

In Ontario

$715,000

Median monthly rent

$8,000/mo

167% above Oakville 220% above Ontario

In Morrison

$8,000

In Oakville

$3,000

In Ontario

$2,500

≈ 42.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $4,098,000

Houses 54 · Condos 1

For rent

Median $8,000

Houses 14

Recently sold

Recently leased

Market data as of 2026-10-11. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Excellent educational options for families
Low percentage of renters allows for community stability
High ownership rate at 89.2%
Well-maintained parks and playgrounds

Keep in mind

High property prices above city median
Limited public transit options
Few amenities like restaurants and shops

The feel of the placeLifestyle

Daily life in Morrison is peaceful, with families enjoying outdoor activities in parks. The area is ideal for those who prefer a suburban lifestyle.

Great for families first-time buyers those seeking spacious homes

Within the boundaryWhat's nearby

The boundary

4.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Counted across all 4.1 km² of Morrison. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

8.3/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

Oakville Trafalgar High School
Public · Grades 9–12 · Halton DSB
9.2/109.1 over 5 yrs
12th of 742 Ontario secondary schools
1,225 students · EQAO 2024-2025
E J James Public School
Public · Grades 1–8 · Halton DSB
9.0/108.9 over 5 yrs
91st of 3,045 Ontario elementary schools
340 students · EQAO 2024-2025
Maple Grove Public School
Public · Grades JK–8 · Halton DSB
6.6/107.5 over 5 yrs
1,165th of 3,045 Ontario elementary schools
480 students · EQAO 2024-2025
Chisholm Academy
Independent
Not rated
Dearcroft Montessori School
Independent
Not rated
Linbrook School
Independent
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Morrison, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

5,481

Population (2021)

4.4 km²

Area

1,236

People per km²

45.4

Median age

$242,182

Median income

89%

Own their home

3.2

People per household

1,715

Households

Every age

Children (under 15)17.6%
Working age (15–64)67.5%
Seniors (65+)14.9%

What is built here

Detached houses96.2%
Duplexes0.6%
Low-rise apartments2.3%

Own or rent

89%Owners

9%Renters

Across 1,715 households

When it was built

Mostly 1961–1980

1960 or earlier26%
1961–198028%
1981–19905%
1991–20004%
2001–20055%
2006–201011%
2011–201512%
2016–20217%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

34.2%
Born outside Canada: 58.7%
Hold a degree or higher: 54.1%
Employment rate: 3.8%
Commute by transit: 79.8%
Commute by car: 2
Children per family: $178,519
Median income after tax: $527,001
Average household income: 11%
Living on a low income: $3,440/mo
Renters pay, per month: $3,488/mo
Owners pay, per month: $2,927,123
Median home value at census: 24.6%
Renters spending 30%+ of income on housing: 25.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 11 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Mapbox © OpenStreetMap

HOMEH Market Pulse Through September 2026 Moderate sales history

What homes in Morrison actually rent for

45 homes were leased in Morrison over the 12 months to September 2026. Half leased above $6,651 and half below, 5.5% lower than the 12 months before. A typical home found its tenant in 40 days — 7 days slower than a year ago.

Median rent: $6,651; -5.5% year over year
Days to lease: 40; 7 days slower
Leases closed: 45; last 12 months
Rent per square foot: $2.59/mo; from 45 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$10,493$7,989$5,485$2,981

Dec ’23Dec ’24Oct ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,919/mo

on a $3,000 asking rent — under ask by $81

−10%Asking rent+10%

Of the asking rent: 97.3%
Leased over asking: 13.3%

From 45 leases that closed here in the last 12 months.

Rent or buy in Morrison

42.3 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$3,376,703

68 sales

Median rent

$6,651/mo

45 leases

Gross rental yield

2.36%

before costs

Both figures come from deals that actually closed in Morrison over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Morrison

A single median hides this: the mix of homes behind it, and what each kind costs.

45leases

Detached$6,61642.2%
Other kinds, too few of each —57.8%

How fast it moves

Median days on market, month by month. Taller means slower.

Jul 2024Jul 2026

Terracotta marks the last 12 months.

Every month behind these charts — Morrison, rentals

Monthly closed leases in Morrison
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	1	Not enough leases this month to report a median
Aug 2026	3	Not enough leases this month to report a median
Jul 2026	5	$8,320	$3,499 – $9,975	21	100.0%
Jun 2026	7	$6,000	$5,600 – $8,500	21	96.2%
May 2026	4	Not enough leases this month to report a median
Apr 2026	6	$7,550	$5,000 – $9,500	73	100.0%
Mar 2026	4	Not enough leases this month to report a median
Feb 2026	1	Not enough leases this month to report a median
Jan 2026	2	Not enough leases this month to report a median
Dec 2025	4	Not enough leases this month to report a median
Nov 2025	6	$6,400	$5,700 – $7,250	49	94.5%
Oct 2025	2	Not enough leases this month to report a median
Sep 2025	4	Not enough leases this month to report a median
Aug 2025	4	Not enough leases this month to report a median
Jul 2025	8	$7,150	$5,325 – $8,950	23	98.7%
Jun 2025	2	Not enough leases this month to report a median
May 2025	9	$6,200	$4,600 – $9,000	33	100.0%
Apr 2025	4	Not enough leases this month to report a median
Mar 2025	5	$4,700	$4,500 – $6,300	36	100.0%
Feb 2025	3	Not enough leases this month to report a median
Jan 2025	1	Not enough leases this month to report a median
Dec 2024	4	Not enough leases this month to report a median
Nov 2024	2	Not enough leases this month to report a median
Oct 2024	4	Not enough leases this month to report a median
Sep 2024	4	Not enough leases this month to report a median
Aug 2024	10	$7,000	$4,988 – $7,450	25	100.0%
Jul 2024	6	$9,500	$7,475 – $9,875	40	99.0%
Jun 2024	4	Not enough leases this month to report a median
May 2024	4	Not enough leases this month to report a median
Apr 2024	4	Not enough leases this month to report a median
Mar 2024	2	Not enough leases this month to report a median
Jan 2024	1	Not enough leases this month to report a median
Dec 2023	1	Not enough leases this month to report a median

24 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Morrison

How much does a home cost in Morrison?

Homes in Morrison sold for a median of $3,376,703 over the 12 months to September 2026, across 68 closed sales — half sold for more and half for less. That is 4.8% lower than the 12 months before it.

How long does it take to sell a home in Morrison?

A home in Morrison took a median of 42 days on the market over the 12 months to September 2026. Homes there closed at 92.7% of the asking price on average, with 1.5% selling over asking.

How much is rent in Morrison?

The median lease in Morrison closed at $6,651 a month over the 12 months to September 2026, across 45 leases.

Is it cheaper to rent or buy in Morrison?

A home in Morrison costs about 42.3 years of the rent on one — the median price of $3,376,703 against a median rent of $6,651 a month, a gross yield of 2.36%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Morrison on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Morrison