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$1,849,900

1432 Olga Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms1960 sqft

Welcome to this beautifully designed family home, where thoughtful details bring together style and everyday comfort. The open-concept floor plan showcases coffered ceilings, hardwood floors, and pot lights, creating a warm and inviting space. The dining area, complete with a beverage centre and bar, is perfect for entertaining, while the chef-inspired kitchen impresses with a massive island, high-end appliances including a 36”Viking gas range, Paykel and Fisher panelled refrigerator, appliance garage, pot filler, and more.The living room centre's around a cozy gas fireplace, accented by dual patio doors that blend indoor and outdoor living.Enjoy main floor laundry, a mudroom, and direct garage access inclusive of an electric car charger. Upstairs, hardwood floors continue through four well-appointed bedrooms, each with built-in closet organizers. The owner’s suite offers a king-sized space, complete with vaulted ceilings, walk-in closet and ensuite featuring a large glass shower, air tub, double sinks, and heated floors—a true sanctuary at home. The finished lower level expands the home’s versatility, equipped as a complete in-law suite or adaptable as a rec-room or home office, enhanced by newer carpet and pot lights. Outside,a backyard oasis awaits, featuring a covered patio with 2 skylights, a wood-burning fireplace, turf for easy maintenance, and a wired hot tub area, patio and shed. A newer fence and landscaping surround the outdoor space, and an underground sprinkler system keeps the front yard lush and inviting. Beyond the home, you'll enjoy an unbeatable location in one of Burlington's most sought-after neighbourhoods. Steps from downtown Burlington. This home places you within easy reach of the city’s best restaurants,boutiques, and beautiful waterfront. Schools, parks, and community amenities are all nearby, making this an ideal location.With quick access to highways and transit, commuting is a breeze, blending suburban tranquility with urban convenience. (id:51158)

For SaleOPEN HOUSE$1,199,000

330 Duncombe Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1178 sqft

Nestled in sought-after southeast Burlington, this refreshed family home exudes charm. The living room features elegant California shutters, while the kitchen flows into a spacious dining area. The large main bath offers semi-ensuite access from the primary bedroom. The finished basement provides a cozy family room with a gas fireplace, a three-piece bath, and ample storage. Outside, a large driveway accommodates six cars, and a storage shed graces the rear yard. Ideal for first-time buyers, investors, builders, or renovation enthusiasts, this property offers versatility.Updates: New Eco-Efficient Heat Pump (2023), New Fridge (2024) and newer stainless-steel appliances round out the kitchen. New Fence (2023), Freshly painted exterior (2023) and interior (2024), New flooring throughout (2024), Refreshed landscape (2024), Freshly Sealed Driveway (2024) and New Shed Roof (2023). Seize the opportunity to make this fabulous home yours! (id:51158)

For SaleOPEN HOUSE$1,749,999

4489 Concord Place

Burlington, Ontario

4 Bedrooms3 Bathrooms2200 sqft

Welcome home to 4489 Concord Place! Wonderful two-storey family home in highly sought after Shoreacres neighborhood in South East Burlington. This spacious 4 bedroom home boasts over 2100 square feet of living space and is situated on a quiet crescent. The meticulous pride in ownership is apparent upon entry. The main floor features tasteful hardwood flooring throughout the foyer, living and dining room, while the large family room highlights a Napolean gas fireplace and sliding doors to the outside, concrete patio. Relax in your private cedar-lined backyard. On-level laundry room, powder room and bright kitchen complete the main level. Upstairs you will find four generous sized bedrooms with a three piece ensuite off the master and a four piece main bathroom completing the upper level. The triple car garage complete with a backyard drive-through bay offers ample parking and storage space for even the busiest ever growing family! Located within the Nelson High School district, the close-knit community hosts an annual block party, fostering an inclusive and welcoming atmosphere for families. This property is a short walk to Lake Ontario with many amenities and major highways close by. Welcome home! (id:51158)

For Sale$2,325,000

4306 Lakeshore Road

Burlington, Ontario

5 Bedrooms3 Bathrooms2133 sqft

The best-kept secret is this beautifully renovated and sprawling L-shaped bungalow, offering perfection from top to bottom, just steps from the Lake. Large windows illuminate the kitchen and spacious dining room, creating an ideal space for entertaining. The completely renovated lower level serves as an in-law suite, teen suite, or guest suite. This home features a double car garage with inside entry, a professionally landscaped backyard, and a private road for residents only. Plus deeded access to the waterfront for owners. Don't miss your chance to see this exceptional property. (id:51158)

For Sale$679,900

370 Martha Street Unit# 905

Burlington, Ontario

2 Bedrooms1 Bathrooms576 sqft

Discover unparalleled urban living in this brand-new, modern condo with a breathtaking southeast lakeview! This bright, one-bedroom plus den suite is meticulously designed to maximize natural lights, offering a contemporary open-concept layout ideal for both relaxation and productivity. The additional den/flex space is perfect for a home office, making it versatile for modern lifestyles. Located in the heart of downtown Burlington, the condo places you at the center of it all-minutes from transit and Go stations, Highways, and the city's top restaurants, shopping, and lakefront trails. This unit includes a parking space and a convenient storage locker, offering all the comfort and practicality you could need in one of Burlington's most desirable neighbourhoods. Experience lakeside city living at its finest! (id:51158)

For Sale$1,975,000

3029 Eva Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms2177 sqft

Modern luxury and family-friendly living in this fully renovated home in Dynes. Nestled on a mature, pool-sized lot with mature trees, this home is mins from schools, parks, dining, transit, hwys & lakefront. Spanning 2,177SF of total finished living space, this open-concept layout features exquisite details at every turn. From the stunning curb appeal with refinished exterior, fiberglass entry door & cedar-roofed covered porch, to the engineered white oak floors and abundant LED pot lights, this home has it all. The custom kitchen is a dream with slim-shaker cabinets, quartz counters & matching slab backsplash, gold fixtures, pantry, appliance garage & spacious island with breakfast bar. Seamless flow from kitchen to dining area with black frame sliders opening to a private yard with stone patio—ideal for entertaining. The inviting living room features a striking gas fireplace with modern surround & mantle. Plus an oversized window for natural light. Upstairs, retreat to a luxurious primary suite with WI closet & spa-like ensuite with freestanding tub & Riobel tub filler, large glass shower & double vanity. 2 additional bedrooms and a full bath complete this level. The finished lower level incl a cozy family room, office, massive laundry room with custom storage cabinetry & quartz counters. Extras: EV charger rough-in, gas BBQ connection, new Ridley windows, updated HVAC, sump pump, new electrical & much more! See supplement. All work done with permits. Move in ready! (id:51158)

For Sale$859,900

815 Hyde Road

Burlington, Ontario

3 Bedrooms3 Bathrooms1391 sqft

Executive 3 bedroom, 2.5 bath Town located in central downtown location in Westminster Place! Leave the car at home and walk to the Lake and your favourite restaurants and shops! Rarely offered end unit with wood burning fireplace (serviced yearly by condo corp). Large and private fenced backyard. Hardwood and tile flooring throughout principle rooms, bathrooms and bedrooms. Master bedroom has an ensuite bathroom (new shower stall and tile in 2021). Recently painted in neutral colours (2024). Underground parking right at your lower level door for ease of entry. Gas furnace new in 2023. Central Air unit new in 2021. Washing machine new in 2023. Roof, eavestroughs, cladding and upgraded insulation all done in recent years. Private courtyard for all residents to enjoy. Additional parking spots are currently available for sale in the development. Easy, quick access to QEW, 403, 407, Burlington GO, Burlington Transit, Mapleview Mall, Burlington Centre. Schools are in walking distance. You always wanted to live in the downtown core and this is a great opportunity. (id:51158)

For Sale$799,999

4122 Palermo Common

Burlington, Ontario

2 Bedrooms2 Bathrooms1350 sqft

Welcome to this beautiful 2-bedroom + den, 2-bathroom townhouse in the desirable South Burlington area, offering a spacious and open-concept layout perfect for modern living. The home opens into a versatile den, perfect for a home office or additional living area. The inviting main 2ndfloor features an open concept floor plan with a good size kitchen & Dining area that flows seamlessly into the living space, leading to a open balcony, ideal for relaxing or entertaining. Conveniently located close to Appleby GO station, bus stops, and Highway QEW for easy commuting, this home is also steps from grocery stores, parks, and other essential amenities. A fantastic opportunity to live in a prime area! (id:51158)

For Sale$2,149,000

6490 Panton Street

Burlington, Ontario

5 Bedrooms4 Bathrooms3953 sqft

If you love the soothing sounds of birds, rustling leaves & the serenity of nature this location is for you! Nestled on a quiet street in Kilbride. This expansive 66’ x 264’ property offers a private oasis complete with a patio, hot tub & a 600 sq ft outbuilding. (Outbuilding could be converted into a 2 car garage). This charming Cape Cod home boasts 3600 + sq ft of luxurious total living space. The main floor features a primary bedroom with a beautiful renovated spa-like ensuite & upstairs you’ll find 3 large bedrooms & a stylish 4 piece main bath. The main level renovated in 2023 with convenient mudroom/laundry area, 2 piece powder room & family room featuring vaulted ceilings, stone gas fireplace & an alcove filled with natural light creates a cozy nook. Updated white kitchen complete with quartz countertops, stainless steel appliances & spacious eating area opens to a private patio with a hot tub. The newly finished lower level in 2022 features a recreation room, bedroom, den & 3 piece bath. Plenty of storage & excellent in-law suite potential makes this space is functional & versatile. You can’t beat this location! Just steps from Kilbride Public School, parks & scenic trails, with skiing at Glen Eden nearby and golf courses. Highway access to Toronto, Burlington & Hamilton for ultimate convenience. Propane tank is owned. Ready to elevate your lifestyle? This home is perfect for a growing family that loves outdoor living. Schedule your private showing today and make this dream home yours! (id:51158)

For Sale$659,000

320 Plains Road E Unit# 211

Burlington, Ontario

1 Bedrooms1 Bathrooms764 sqft

The Impressive Floor To Ceiling And Wall To Wall Windows In This Exquisite Corner Unit Condo, Help To Make It Stand Out Amongst The Rest In This Superior Low Rise Building. Features In This Bright And Open Home Include 9 Ft Ceilings, Welcoming Foyer With Ample Coat And Boot Storage, Wide Plank Hand Scraped Durable Laminate Flooring, Quartz Countertops And Glass Backsplash In The Kitchen, Imported Porcelain Tile In The Bathroom, Ensuite Privileges, High End Roller Blinds Throughout With Black Out Blinds In The Bedroom, Access To The Spacious Balcony From Both The Living Room And Bedroom. Built By Reputable Rosehaven Homes And Completed In 2020. Exceptional Amenities Include A Gym, Yoga Studio, Business Centre, Party Room And Roof Top Terrace With Barbecues, Gardens And Fire Pit, Lots Of Visitor Parking, Bike Storage And Outdoor Dog Walking Area. Walk To Aldershot GO, Shopping, Coffee Shops, Parks, RBG And More. (id:51158)

For Sale$699,900

320 Plains Road E Unit# 312

Burlington, Ontario

2 Bedrooms2 Bathrooms900 sqft

Highly desirable Rosehaven Affinity conveniently located in trendy Aldershot close to restaurants, shops, public transportation and GO Station. 900 sq ft, 2 bedroom 2 bathroom locker on same level. Open concept Great Room, customized kitchen, Stainless Stove, Fridge , microwave, over counter lighting, centre island, Corian countertops. Graciously finished with all the right touches. Very friendly professional building with executive level features in lobby & lounge. Amenities include rooftop furnished terrace 2 BBQ's & Fireplace, Yoga, billiards, party room & professional gym. Tres Chic for today's young professionals with a busy lifestyle and active retiree's. Pet friendly with limitations. (id:51158)

For Sale$880,000

540 Guelph Line Unit# 4

Burlington, Ontario

3 Bedrooms3 Bathrooms1376 sqft

Welcome home to Unit #4-504 Guelph Line! This inviting townhome is designed for family comfort in an ideal location. The main floor showcases a stylishly renovated kitchen, gleaming hardwood floors, a spacious living and dining area, and a convenient powder room. Upstairs, you'll find a full bathroom and three generous bedrooms with ample closet space. The finished basement enhances the home with an additional bathroom, cozy family room, gas furnace heating, and a full laundry suite. The property also features a single-car garage and a private driveway, plus a new roof, driveway, and fence for added peace of mind. Located adjacent to serene Central Park, enjoy easy access to playgrounds, hiking trails, public transit, and shopping. This home is perfect for families and first-time buyers alike—schedule your showing today! (id:51158)