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$3,295,000

4028 Millar Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms3583 sqft

Cottage living within city limits. Nestled on a hill is this stunning home in a spectacular setting. You will be captivated by the cozy open plan with gorgeous views from every window. This lovely home boasts a modern, large kitchen open to a spacious great room and a generous patio that overlooks the city. You will find 3 bedrooms and 2 full baths on this level. The lower level offers a charming family room with wood burning fireplace, an additional bedroom, full bathroom and office.(Could easily be an in-law suite with separate entrance). This 1.7 acre property has an incredible outdoor entertainment area with inground pool, outdoor kitchen, gas fireplace and seating area. This property is a nature lovers paradise with 2 ponds surrounded by a horseshoe rock quarry wall, home to a nesting pair of Great Horned Owls and a visiting Blue Heron. (id:51158)

For Sale$815,000

1201 North Shore Boulevard Unit# 503

Burlington, Ontario

2 Bedrooms2 Bathrooms1330 sqft

This beautifully renovated condo offers 1,330 square feet of stylish living space, plus a spacious balcony to enjoy those outdoor moments. With recent updates like new flooring, fresh paint, an upgraded kitchen, and sleek bathroom vanities, it’s move-in ready and full of modern charm. Located in the 12-storey Lakewinds building, you’ll have access to a great selection of amenities, including a party room, fitness room, outdoor pool, sauna, tennis court, workshop, and a patio with a community barbecue – perfect for those summer gatherings! The neighborhood around 1201 North Shore Boulevard blends urban convenience with natural beauty. Just steps away from Spencer Smith Park and the waterfront trail, plus a short stroll to Burlington’s lively downtown. From shopping and restaurants to the art gallery, there’s always something to enjoy! And for those who love to shop, Mapleview Mall is just minutes away, with easy access to the 403 and QEW for quick trips anywhere. This condo comes with its own parking space and storage locker. Please note, the building is smoke-free and dog-free, keeping things peaceful and fresh for everyone. (id:51158)

For SaleOPEN HOUSE$1,999,900

389 Torrance Street

Burlington, Ontario

4 Bedrooms3 Bathrooms2065 sqft

Stunning century home just steps from downtown Burlington! This charming 4-bedroom, 2.5-bath beauty showcases stunning details throughout, including refinished hardwood flooring, rich wood trim, and solid wood doors. The kitchen is equipped with Heartland appliances, including a six-burner gas stove, and marble countertops. A sunken family room offers heated floors and a cozy wood-burning fireplace with a walk out to the back deck, while the formal living and dining rooms are perfect for entertaining. The second level features three spacious bedrooms, one with a walk-out terrace overlooking the lush backyard, plus a 4-piece main bath. The third-level suite offers a walk-in closet and luxurious 4-piece ensuite bath perfect for a nanny suite or teenager retreat. With two driveways accommodating up to 5 cars, a carriage-house-style 2-car garage, and an unspoiled lower level with side entrance, this home has future in-law suite or income potential. Beautifully landscaped, a cozy front porch and close to schools, parks, Lake Ontario, Spencer Smith Park, The Art Center, and all of downtown Burlington’s shops and restaurants. An absolute must-see! (id:51158)

For SaleOPEN HOUSE$1,549,900

2227 Deyncourt Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms2603 sqft

Beautifully renovated Bungalow on a 65' x 124' private lot in the heart of downtown Burlington. Features include Main Floor Addition with gas stove, Primary Bedroom with 4 piece Ensuite and walk-in closet by Closet Envy, Open Concept Gourmet Kitchen and Fully Finished Lower Level. (id:51158)

For Sale$1,649,900

5636 Bell School Line

Burlington, Ontario

4 Bedrooms2 Bathrooms

Imagine a charming 4-bedroom country home nestled amidst rolling escarpment views, offering a perfect blend of rustic charm and modern amenities. This idyllic retreat features 4 spacious bedrooms with large windows that allow natural light to flood in, creating a warm and inviting atmosphere. The kitchen is a cooks dream, equipped with state-of-the-art appliances and ample counter space, making it perfect for both everyday meals and entertaining guests. Outside, the highlight is undoubtedly the sparkling pool, surrounded by a beautifully landscaped garden that provides a serene escape from the hustle and bustle of daily life. The pool area is ideal for family fun, lounging in the sun, or hosting summer barbecues. With its combination of comfort, style, and tranquility, this country home is the ultimate sanctuary for those seeking a peaceful, country lifestyle, While still close too many desired amenities. (id:51158)

For SaleOPEN HOUSE$2,095,000

335 York Road

Burlington, Ontario

3 Bedrooms2 Bathrooms2014 sqft

Welcome to this charming custom-built home, nestled on a serene 3.34-acre lot in Aldershot. Owned by the same family since 1981, this property offers the perfect blend of peaceful country living with the convenience of city amenities just minutes away. Ideal for those seeking space for a hobby farm or simply room to relax, this home features a double car garage, 3 spacious bedrooms, and 2 bathrooms. Inside, enjoy ample living and entertaining spaces, while the outdoors offers even more room to host and enjoy nature. A large workshop with power sits at the back of the property, perfect for projects or extra storage. Key updates include a new 5,000-gallon cistern (2022), windows (2002), roof (2012), furnace (2015), heat pump/AC (2015), and a garage door with remotes (2024). This is a rare opportunity to own a slice of tranquility on the outskirts of town. Perfect for those who need to commute as the Go Station is only minutes away, convenience for anyone looking to head into the City. Don’t miss out! (id:51158)

For Sale$1,449,000

2141 Cartier Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms3990 sqft

Welcome to this charming 4-bedroom, 3-bathroom home, offering a perfect blend of comfort and style in a family-friendly neighborhood. The inviting front porch is the ideal spot to enjoy your morning coffee or relax in the evenings, setting the tone for this warm and welcoming property. Inside, you'll find spacious living areas filled with natural light—perfect for both daily living and entertaining. The kitchen boasts modern finishes, ample cabinetry, and a breakfast bar. Upstairs, the generously sized bedrooms provide plenty of space for family and guests, while the primary bedroom includes an en-suite bathroom for added convenience. The finished basement offers a versatile space for a family room, home office, or gym. With a beautifully landscaped yard and plenty of room to play or garden, this home offers a lovely outdoor space to enjoy. Don’t miss this opportunity for comfortable, stylish living! Too many upgrades to list! (id:51158)

For Sale$1,149,000

1043 Joan Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1286 sqft

Located in desirable Aldershot, walking distance to many amenities. Large fully fenced lot with spacious composite deck, single car garage and double drive (5 car parking). Charming 3 bedroom, 2 baths (master ensuite with heated flooring, recently painted throughout). Many upgrades including, kitchen, bathrooms, windows roof (shingles), hardwood flooring on main level. Beautiful family room with gas fireplace on main level and access to backyard & deck. Lower level is partly finished and waiting for your finishing touches, show with confidence. (id:51158)

For Sale$1,049,000

5250 Lakeshore Road Unit# 2006

Burlington, Ontario

3 Bedrooms2 Bathrooms1429 sqft

NOTE: NEW C/AIR/HEAT PUMP HAS BEEN INSTALLED! ADMIRAL'S WALK PENTHOUSE ON THE LAKE - FABULOUS PRIVATE CORNER SUITE, totally custom re-built in 2017. 1429 sq.ft. plus 104 Sq.ft balcony, and lake views from all six windows and the Toronto skyline. Top quality finishes through-out include stone countertops, hickory hardwood floors , heated floors in both bathrooms, mantled electric fireplace, custom detailed crown mouldings and trim throughout! Beautiful custom window blinds, ceiling fans and pot lighting compliment the FLAT ceilings . Ideal Ensuite laundry room -top quality AEG appliances. Exquisite high-end dream kitchen designed by EMERALD with Top quality SS appliances, French Dr. Fridge w/filtered water/ice/hot feature, Microwave, Dishwasher and ceramic-top stove, pot lighting, under-counter and pendant lighting and AMAZING breakfast bar. Features and Amenities: Party Room, Games rooms-- Billiards and PingPong. Workshop/Pottery, Exercise Room, His/Her Saunas and Washrooms, Library & extra Laundry area, 60 Visitor Parking, 40 underground, Auto Garage Door Remote, Security System, Fire Alarm System, Intercom, Carpet Free Apartment, Locker, Free car wash, Building & grounds (approx 3-4 acres) refurbished in 22/23. Heated inground pool with adjacent picnic bench area with gas barbeques overlooking the lake and adjacent walking paths and sitting benches. Amenities. Condo Fees include Pking #39 & Locker B19, Building Insurance, exterior maintenance, common elements, heat, hydro, natural gas, parking, and water. Great location close to shopping and 0nly a 5 minute drive to Bronte Harbour. Luxury living right on Lake Ontario in absolutely mint condition. Perfect for the discerning buyer. (id:51158)

For Sale$1,385,000

454 Mayzel Road

Burlington, Ontario

4 Bedrooms4 Bathrooms1463 sqft

Attention frst-time home buyers and investors! This charming bungalow, located off New Street and just a short walk from downtown Burlington, offers an exceptional opportunity. The newly upgraded main level features three bedrooms and two full bathrooms, complemented by a modern kitchen with stainless steel appliances and stylish pot lights throughout. The lower level presents income potential with a walk-up basement, separate entrance, and two additional kitchens, providing endless possibilities. Conveniently close to all amenities and only a 15-minute walk to downtown Burlington and Spencer Park, this home is a must-see. Don't miss your chance to own this gem schedule a viewing today! (id:51158)

For Sale$1,649,900

2189 Bader Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms2100 sqft

Discover your fully renovated dream home, with $200K+ in upgrades. Inside, elegant hardwood and ceramic floors complement the stunning oak staircase. The chef's kitchen features sleek, high-end appliances, merging style with top-tier functionality. The open-concept main floor seamlessly blends dining and living spaces, leading to a backyard oasis ideal for indoor-outdoor living. Upstairs, find four spacious bedrooms, including a primary suite with a 4-piece ensuite and walk-in closet. The finished basement offers additional entertainment space. Step into the backyard, complete with a saltwater pool, BBQ area, and a cozy poolside lounge with a TV perfect for summer gatherings. Conveniently located near all amenities, shops, restaurants, and just minutes from the Go Train. Home updates: Renovated bathrooms (2021), kitchen (2021) all kitchen appliances (2022), hardwood throughout (2021), A/C (2021), roof shingles (2022), deck and extended roof in the backyard (2021), laminate basement floors (2023), pool pump (2021) and pool filter (2023), landscape (2021) Oversized garden doors (2021), windows in the front of the house (upper and lower, 2021), all interior doors and hardware (2021), custom wainscoting (2021), and front door (2021). (id:51158)

For Sale$1,099,000

2071 Ghent Avenue Unit# 3

Burlington, Ontario

3 Bedrooms3 Bathrooms2110 sqft

Welcome to Urban Elegance at 3-2071 Ghent Ave in the heart of Downtown Burlington! This 3-bed, 3-bath townhome boasts 2,110 sq ft of sophisticated living. Enter through a spacious foyer leading to a lower level, ideal for your home office. Enjoy the luxury of an extra-wide garage with inside access. Upgraded light fixtures & dimmers create ambiance throughout. Entertain effortlessly in the open-concept kitchen, living & dining area with an extended kitchen space including stainless steel appliances including a gas stove, quartz counters, and a kitchen island with pendant lighting perfect for hanging out while entertaining. For outdoor space, patio doors lead to access to the backyard and double doors from living space lead to a private balcony. Additional upgrades include subway tile backsplash, a stylish brass kitchen faucet, built-ins, pot lights & wide plank hardwood floors throughout upper levels. On the 3rd floor two full bedrooms, a 4-piece bath and a laundry room offer comfort & convenience. The primary retreat features a walk-in closet, zebra blinds, & a stylish barn door leading to an ensuite oasis with a walk-in glass shower & double vanity. Relax and enjoy your early morning coffee on the bedroom balcony. Within walking distance to schools, parks, the lake & downtown shops, restaurants, & the Go train. This property offers the perfect blend of luxury & convenience for the discerning buyer! (id:51158)