Burlington luxury home Buying

Home buyers in Burlington can expect a luxury home buying process that is a little different from the traditional process in 2023.

Here is a look at what buyers can expect.

In the Burlington real estate market, 2023 is set to bring a wave of changes that home buyers and sellers can experience. It’s no surprise that the past year has seen large shifts in the way buyers purchase homes and this is expected to continue in the future. In 2023, buyers in Burlington can expect a new, luxury home-buying process that differs from the traditional process already in place. In this article, we will look into some of the changes that may come in the next few years and what it means for buyers in Burlington.

Benefits of Living in and buying a home in Burlington

Before we delve into the new home-buying processes, let’s first take some time to understand what makes Burlington such an attractive place to live. This city offers plenty of amenities such as excellent schools, green spaces, local restaurants and cafes, lively pubs, shopping malls, and much more. Additionally, Burlington’s Lakeshore communities feature stunning waterfront scenery with picturesque views of the bay and bluff trails. The city is also home to several open parks and multi-use trails, making it perfect for young families and outdoor enthusiasts.

The Real Estate Market in 2023

Moving on to the real estate market in 2024, experts predict that things will only be getting better. Demand for homes in the Burlington area is expected to remain strong and inventory is expected to remain low. As a result, home prices are likely to continue rising. The average sale price in Burlington for a detached, single-family home was about $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

The Luxury Home Buying Process in 2023

The new luxury home buying process in 2023 will involve increased services and support from local real estate agents. The best real estate agents will be very proactive in their approach by helping buyers find their dream home, negotiating price and staying in close contact with the lender for fast, successful closings. Here are some of the steps buyers can expect to go through in the upcoming process.

Research – When Buying a house in Burlington

The research process is arguably the most important step. This is when buyers should locate an experienced and qualified real estate agent, who can show buyers the best properties in their price range and also provide valuable market information. It’s also important to research lenders and available loan programs, if they haven’t already been pre-approved. Additionally, buyers should also consider their future living costs, start saving for a down payment, and, if necessary, get a mortgage pre-approval prior to the purchase.

Showings

Once buyers are pre-approved, their real estate agent can start to schedule showings for the properties that meet their criteria and match their budget. During the showings, buyers should make sure to take detailed notes and ask strategic questions of their real estate agent to ensure they are making the best decision for their needs.

Evaluation

The evaluation period is when buyers should closely inspect each property and thoroughly assess whether or not it is the ideal home for them. If the evaluation process reveals that it is the ideal home, buyers should THEN consider the following steps carefully:

Preparing an Offer

Now that buyers have identified the ideal home, they can begin preparing an offer. This step involves consulting with the real estate agent to decide whether to start by making a full-price offer or a low-ball offer. Buyers also need to provide a description of their desired closing date along with the earnest money they are willing to put down, which will typically range between 1–10% of the purchase price.

Negotiations and Counter-Offers

Once an offer is made, the seller will either accept it or make a counter-offer. Buyers should be aware that they have the option to counter-offer any proposed counter-offers from the seller. That said, buyers should always consider how much they are willing to pay for the property and be prepared to walk away if a counter-offer is too high for their budget.

Review and Signing

Once negotiations are complete and both buyers and sellers agree on the terms of the contract, the contract documents will be prepared for the buyer’s review and signature (typically done through a digital platform). Usually, buyers will have 24-48 hours to review the documents and discuss their contents with their agent. The agent will also review buyers’ closing costs, which are typically paid at the time of signing. Once both buyers and sellers have signed the documents, they will become binding and the sale will enter into its final phase.

Closing

The final phase prior to ownership is the closing of the sale. During this phase, buyers will be required to pay any closing costs that are due upon signing and submit their deed for recording at the local county clerk’s office. They will also need to arrange for any appropriate home inspections and other due diligence that may be necessary before finalizing the purchase. During this phase, buyers will also be given the opportunity to make a final walkthrough of the property to make sure everything is in order prior to closing.

In 2023, buyers in Burlington can expect to have access to a new, luxury home-buying process that is different from the traditional process. By doing their research, seeking out qualified real estate agents, carefully evaluating potential homes and being strategic when making offers, buyers can ensure that they make the right decision for their needs.

FAQ about Buying a House in Burlington

Q: What are the benefits of living in Burlington?
A: Burlington offers plenty of great amenities, such as excellent schools, green spaces, local restaurants, cafes, pubs, shopping malls, open parks and multi-use trails, and stunning waterfront scenery.

Q: What can home buyers expect from the real estate market in 2023?
A: Home prices are expected to remain strong in the Burlington area and rising. The average sale price for a detached, single-family home in Burlington was $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

Q: How will the luxury home-buying process in 2023 differ from the traditional process?
A: Luxury home buyers in 2023 can expect to receive increased services and support from their real estate agents, who will be very proactive in helping buyers find their dream home, negotiating price and staying in close contact with the lender throughout the entire process.

Q: What steps should buyers go through when making an offer on a home?
A: Buyers should start by deciding on their earnest money amount and desired closing date, both of which they should discuss with their real estate agent in advance. Then, buyers should make an offer and may be required to make a counter-offer if the seller proposes one. Finally, buyers should review and sign the contract documents, which will then become legally binding.

Q: Is it important for buyers to do a final walkthrough of the property before closing?
A: Yes, it’s important for buyers to do a final walkthrough of the property before closing to make sure that the condition of the property still meets their expectations. This is the buyers’ last opportunity to address any issues or concerns before the sale is finalized.

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For Sale$679,700

2200 Glenwood School Drive Unit# 49

Burlington, Ontario

3 Bedrooms2 Bathrooms1200 sqft

Great end unit location in desirable complex with easy access to QEW, 407, Go train, and shopping. This four-level split has been professionally painted on three levels. (Dec.’24) You will enjoy the afternoon sun which brightens the main level, as you stay cozy with family and friends in front of the wood burning fireplace on the cold nights. Main bath has skylight and two showers. Powder room has been totally updated, except floor. On lower-level bedroom/office has a walk out to a 14’ X 30’ private patio. Inside entry to garage. The unspoiled basement area, has space to finish into a great recreation room with 10-foot ceilings. Basement also has storage and laundry room area. Condo fee $399.30 as of 2025. According to property manager’s records, over 90% of units in complex are owner occupied. West side of property has open space. (id:51158)

For Sale$999,900

574 Clark Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1713 sqft

Located in the CORE of downtown Burlington & just steps away from the lake, Spencer Smith Waterfront Park, biking & walking trails leading to Burlington Beach & all the vibrant shops, restaurants & amenities the area has to offer. Commuters have easy access to the Go Train, Highway 403, Hwy 407, and the QEW, connecting them to Toronto, Hamilton, and Niagara. On a quiet street with added privacy, this property backs onto a walking trail that leads to the lake and park. Recently updated this home features a modern kitchen with new cabinetry, quartz countertops, stainless steel appliances, laminate flooring & a walkout from the kitchen to the deck & patio. Upper level laundry room. Basement level ideal storage area only. Property being sold as is where is with no seller warranties, guarantees or representations. Property being sold as is where is with no seller warranties, guarantees or representations. Immediate possession available (id:51158)

For Sale$459,000

975 Warwick Court Unit# 201

Burlington, Ontario

2 Bedrooms1 Bathrooms1025 sqft

Welcome to affordable, easy living in beautiful Aldershot! This freshly painted 2-bedroom condo is the perfect mix of comfort and convenience. The updated kitchen and bathroom add a modern touch, while the bright, inviting space makes you feel right at home. Located close to major highways and the GO station, getting where you need to go has never been easier. Whether you’re a first-time buyer ready to start your homeownership journey or a downsizer looking for a simpler life, this condo checks all the boxes. Enjoy the fantastic amenities, including a games room/library, party room, indoor pool, and exercise room—all designed to make life more enjoyable. Don’t miss the chance to own a home that blends affordability with convenience in a location that can’t be beat! (id:51158)

For Sale$739,900

2200 Glenwood School Drive Unit# 42

Burlington, Ontario

3 Bedrooms2 Bathrooms1224 sqft

Welcome to 2200 Glenwood School Drive unit 42 in beautiful Burlington Ontario. Charming and tastefully renovated two-storey, 3 bedroom, 2 bathrooms, condo townhome, nestled in a private family-friendly complex, offering blend of convenience, functionality , space and comfort. AMAZING LOCATION, VERY CLOSE TO GO TRAIN, QEW,403,407, simply a commuters dream! The kitchen offers new cabinets, quartz counter tops, waterfall island and stainless steel appliances. The kitchen area is open to the living room and dining room area with modern linear fireplace and sliding glass door to private and completely fenced cozy patio with deck perfect for relaxation. Upper level offers 3 spacious bedrooms, beautifully renovated 4 piece bath and upper level laundry. The lower level is fully finished and features a huge recreation room perfect for family movie nights and an abundance of storage. This beautiful but affordable property also has a single car garage with private driveway and plenty of visitor parking. This home is a real gem so book your personal showing today. (id:51158)

For Sale$1,299,000

5470 Randolph Crescent

Burlington, Ontario

4 Bedrooms2 Bathrooms2033 sqft

Welcome to this stunning, fully renovated detached bungalow in the highly sought-after Elizabeth Gardens neighbourhood of Burlington. Showcasing modern farmhouse charm, this home features a custom kitchen with an inviting eat-at island, stainless steel appliances, and classic finishes. Offering 4 spacious bedrooms, 2 beautifully updated full bathrooms, and just under 2,000 square feet of total living space, this property provides comfort and style for every lifestyle. With the potential to convert into a duplex, the home offers added flexibility and value. Nestled on a generous lot with a detached garage, it’s perfectly located near top-rated schools, shopping, parks, and amenities, all while being just steps from the lake. A rare opportunity to embrace refined living in a prime location! (id:51158)

For Sale$589,900

1411 Walker's Line Unit# 216

Burlington, Ontario

2 Bedrooms2 Bathrooms1020 sqft

Amazing 2 bedroom/2 bathroom corner unit condominium apartment in fabulous North Burlington. With tasteful décor and warm tones throughout, the unit features a kitchen with high end appliances and a breakfast bar that overlooks a spacious main living/dining room area. A large primary bedroom with a four piece ensuite, a second bedroom, an additional three piece bathroom and in-suite laundry complete the interior of the unit. Without another structure right next to the side of the building that this unit is on, residents can enjoy unobstructed views of the complex and an abundance of natural light both in the morning and into the afternoon as the sun travels East to West. Located in a well-managed building with underground parking for residents, plenty of visitor parking and amazing amenities that residents can enjoy. Close to highways, schools, shopping and many other conveniences. One underground parking spot and one locker included. AN ABSOLUTE MUST SEE! (id:51158)

For Sale$1,379,900

1281 Abbey Court

Burlington, Ontario

4 Bedrooms3 Bathrooms3598 sqft

Welcome to Abbey Court. Tucked away on premium lot in the much coveted Tyandaga neighbourhood, your new home awaits. The possibilities are endless in this well laid out home. Huge welcoming foyer with sweeping staircase greets you open arrival. Entertaining is a dream with formal living room & separate dining room. Unwind by a cozy fire in the massive family room overlooking the park like rear yard. Huge gourmet kitchen with island for the cooking enthusiast flows nicely into the family room space. Handy main floor laundry room, 2 piece bath and easy rear access to double car garage. Enjoy outdoor entertaining and playtime on multiple levels, with decks and concrete patios complimenting the expansive rear yard. Shed included for your toys. Primary master suite with 4 piece ensuite and walk in closet, plus 3 other bedrooms and additional 4 piece bath on the upper level. Massive lower level recroom with wet bar and gas fireplace. Patio door walk out to covered patio for your rear yard enjoyment. Additional 3 pc bath and den add to the wonderful space in this home. Stamped concrete drive way and updated windows. The neighbourhood is second to none with hiking trails, ravine & beautiful park spaces. Walking distance to shopping, schools, dining and local community amenities. Easy highway access for commuters. (id:51158)

For Sale$710,000

1201 North Shore Boulevard E Unit# 504

Burlington, Ontario

2 Bedrooms2 Bathrooms1324 sqft

Here is your opportunity to live by the lake! This bright and spacious two-bedroom, two-bathroom unit in the amazing Lake Winds building has stunning sunset views and more than 1,300 square feet of living space. Come see for yourself the large eat-in kitchen, accompanied by a huge living/dining area that is perfect for entertaining. You will also find two large bedrooms, two bathrooms, in-suite laundry, a large private balcony and an amazing sunroom. The unit comes with one underground parking space and storage locker. This building seriously has it all; tennis courts, a pool, a community garden and BBQ area, a workout room, sauna, party room and woodworking shop. The condo fees include electricity, gas, water, parking, building insurance and common elements. Located directly across the road from the lake, the waterfront trail and all that Burlington’s waterfront has to offer. Just a short 1 kilometer walk along the waterfront will take you to the great selection of restaurants, cafés and shops in downtown Burlington. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$564,900

1270 Maple Crossing Boulevard Unit# 705

Burlington, Ontario

3 Bedrooms2 Bathrooms1425 sqft

TRULY ONE OF A KIND! If you're thinking of downsizing without compromising space and comfort, then this unit is perfect for you! Experience the all inclusive resort style living, with upscale amenities, all in a prime location in this fabulous, well maintained and secure premium condo building. One of the largest units in the building with a unique layout that is sure to satisfy all your needs. This exceptional condo community offers a first-class urban lifestyle with on-site superintendent, 24-hour security with just 3 blocks from the waterfront, and perfectly positioned for conveniences. The Palace offers every amenity imaginable, including a recreation centre with exercise room, sauna, squash courts, pool, tennis courts & rooftop terrace, party room with kitchen, hobby room, plus an additional laundry facilities. Perfect for entertaining, enjoy bbq under the gazebos, and guest suites for your out of town friends and family and loads of visitor parking. All nestled in the core of vibrant Burlington with a multitude of amenities at your doorstep, with short stroll to the lakefront, Spencer Smith Park, downtown shops, restaurants, Mapleview Mall, and trendy Burlington downtown core including the performing art centre and the art gallery, with easy access to the hospital, GO Station, highways and so much more! This unit comes with 2 owned underground parking spaces #171 & U15 providing you with peace of mind & convenience. As well, an owned locker # 198 offering rare and coveted storage solutions. Say goodbye to laundromat trips with convenient in-suite laundry facilities. The monthly condo fee covers all utilities: heat, hydro, water. Please allow 24 hours for offers. Include a probate clause & schedule B. All rooms sizes are approximate provided by seller. Flexible closing. (id:51158)

For Sale$729,900

396 Plains Road E Unit# 207

Burlington, Ontario

2 Bedrooms2 Bathrooms1150 sqft

It feels like home! Welcome to this beautiful condo in Aldershot. This fabulous open concept 2 bedroom 2 bath condo features a spacious kitchen not often found in condos. Beautiful, large, granite countertops, and breakfast peninsula open to the dining and living areas and overlooking the balcony. The primary bedroom is spacious with double closets and a 4 pc ensuite including a walk in tiled shower. The second bedroom is currently set up as an office and there is a 4 pc main bath as well. Convenient in-suite laundry with lots of storage space in the utility room. Walking distance to most amenities, easy access to public transit, close to GO station, Mapleview Mall, QEW and highway 403 access. All this and an underground parking space! This is a spacious condo in a great location, book your appointment today! (id:51158)

For Sale$709,900

500 Brock Avenue Unit# 805

Burlington, Ontario

1 Bedrooms1 Bathrooms850 sqft

Welcome to 500 Brock Ave. Unit 805 – Luxury Condo Living in the Heart of Burlington. Experience the best of modern, luxury living at this stunning 850 sq. ft. 1 BDRM + DEN, 1-BATH condo. Located in the coveted Illumina building by the award-winning Molinaro Group, this beautifully designed unit offers breathtaking views of Lake Ontario, right from your own home. Discover a spacious and well-appointed layout with floor-to-ceiling windows that flood the space with natural light. The open-concept spacious design creates a perfect flow for easy and convenient living. The upgraded kitchen is a chef’s dream, featuring an XL island and sleek quartz countertops. The spacious entryway leads to a generous walk-in closet, offering ample storage right at the front door along with in-suite laundry for ease of living. The living area opens to your private balcony with bonus access to the bedroom. A flexible dining room space can also serve as a den or home office to fit your needs. The spacious bedroom features a custom-built, wall-to-wall wardrobe, maximizing storage space. The bathroom has been thoughtfully upgraded to a full 4-piece and separate shower and tub. This luxurious condo offers robust amenities, including; 24 hour concierge services, a panoramic sky deck & party room, guests suites, a modern fitness studio, and more, making it the perfect place to unwind and entertain. Don’t miss your chance to experience the finest in luxury living at 500 Brock Ave. – an exciting new chapter in one of Burlington’s premier locations. (id:51158)

For Sale$959,900

2007 James Street Unit# 707

Burlington, Ontario

2 Bedrooms2 Bathrooms1100 sqft

Welcome to this stunning newly constructed condo, a serene oasis that seamlessly combines modern luxury with the convenience of downtown living. Perfectly placed in the heart of downtown Burlington, this 2-bedroom, 2-bathroom condo offers an unparalleled lifestyle experience. As you enter the condo, you are greeted by an open-concept living space that seamlessly connects the living room, dining area, and kitchen. Large windows line the exterior walls (corner unit) allowing natural light to flood the space, while the sprawling private balcony offers partial views of the lake and a front row seat to breathe taking sunsets. The gourmet kitchen is a chef's delight, equipped with high-end stainless steel appliances, modern countertops, ample cabinet space and a large centre island perfect for entertaining. The large primary bedroom boasts a 4pc ensuite and a large walk-in closet and the second bedroom is equally well-appointed, providing a comfortable space for guests or family members. Residents of this condo also have access to an indoor lap pool, yoga and wellness studio, roof top lounge & BBQ area, party room, games room, fitness centre, guest suites, pet wash station, 24 hour security and more! Walking distance to all amenities, the waterfront, local trails and popular shops & restaurants. Book your private showing today! (id:51158)