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$769,900

2070 Brant Street Unit# 3

Burlington, Ontario

3 Bedrooms3 Bathrooms1400 sqft

Welcome home! This lovely, modern, updated 3 bedroom, 3 bathroom townhome in the highly sought-after neighbourhood of Tyandaga Burlington boasts countless features including open concept kitchen with quartz countertops and newer dishwasher (2024), luxury vinyl flooring, newly renovated bathrooms and pot lights throughout. Other notable features include: Fireplace 2016, Furnace/AC 2016, flooring: 2024 main level & 2022 upper level & lower level 2021, copper wiring outlets updated 2016 and new patio and front door in 2022 and 2023! 1 owned underground parking spot with access through lower level of home. Affordable condo amenities include indoor swimming pool, hot tub and sauna! Enjoy living in the perfect locale with easy access to Tyandaga golf course, shopping, highly ranked schools and major highways for commuters. Shows A+++ (id:51158)

For Sale$1,189,000

567 Kingswood Place

Burlington, Ontario

5 Bedrooms2 Bathrooms1983 sqft

This charming and completely transformed bungalow perfectly balances classic appeal with modern amenities. Featuring 3+2 bedrooms and 2 full bathrooms, it offers ample space for families of all sizes. The open-concept main level enhances the flow of the home, complimented by two fully-equipped kitchens, making it ideal for multi-generational living or entertaining guests. Situated on a nicely landscaped mature 70’x90’ corner lot, the property features a picturesque white picket fence and a serene pergola with a private sitting area—perfect for outdoor relaxation and gatherings. The extra-large detached double-car garage provides generous vehicle storage and ample room for hobbies and projects. Additional highlights include two convenient laundry setups on both the main and lower levels and a separate entrance for the lower-level suite, offering privacy and flexibility. Don’t miss this exceptional opportunity to own a home that combines style, functionality, and a welcoming atmosphere. (id:51158)

For Sale$799,900

2086 Ghent Avenue Unit# 53

Burlington, Ontario

2 Bedrooms2 Bathrooms1370 sqft

Welcome to this well maintained 3-storey condo townhouse in desirable central Burlington location! The open-concept main living area features a cozy living room, perfect for relaxation. Entertain guests in the elegant separate dining room with a built-in credenza. The kitchen boasts quartz countertops, stainless steel appliances, and a sleek tiled backsplash. Enjoy outdoor living on your private open balcony. The second level includes convenient bedroom-level laundry and a well-appointed 4pc main bathroom. Retreat to the primary bedroom, which offers a walk-in closet with built-in organizers for ample storage. This charming home blends modern comfort with stylish details in a prime location. A definite must see! (id:51158)

For Sale$1,549,900

4610 Cornerstone Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2108 sqft

Nestled on a unique lot, 4610 Cornerstone Drive features 4 bedrooms, 2+1 bathrooms, and 2 lounge areas with fireplaces. The magazine-worthy upgrades throughout include chic light fixtures, California shutters, crown moulding, and beautiful hardwood flooring. The spacious living room offers comfort with a beautifully designed fireplace while the lovely dining area provides seamless access to the backyard. The gourmet kitchen is meticulously crafted, featuring ceiling-height cabinetry, stone countertops, a stylish backsplash, stainless steel appliances, and a large centre island. No detail is overlooked, with a powder room and inside entry from the double garage, as well as a built-in surround sound system featured throughout! Experience luxury in the primary suite, designed with cove lighting, a spacious walk-in closet, and a spa-like 5-piece ensuite. The three additional bedrooms are generously sized, all of which feature hardwood flooring and ample closet space. Completing the upper level is a lovely 4-piece bathroom and a bedroom-level laundry room. The basement offers a spacious recreation area, a home gym or play area for the kids, and convenient access to the backyard through a side entrance. You'll fall in love with the backyard retreat, an entertainer's paradise! It features an outdoor kitchen complete with a built-in barbecue and fridge, a hot tub, and a composite deck. Just steps from Norton Community Park, featuring a leash-free dog area, skatepark, and open green space for kids to play, this is an ideal setting for family life. Don't miss the chance to make this stunning property your forever home! (id:51158)

For SaleOPEN HOUSE$1,350,000

2083 Edgebank Court

Burlington, Ontario

3 Bedrooms3 Bathrooms1574 sqft

Located on one of the most sought-after streets in the Headon Forest neighborhood, this quintessential family home offers approximately 2000 square feet of finished living space. Nestled on an extra deep lot with captivating ravine views and no rear neighbors, this well-appointed home offers the perfect blend of privacy, tranquility and convenience. The main floor boasts a thoughtfully laid out floor plan featuring a formal living/dining room, kitchen and family room. The chef in the family will appreciate the bright and updated kitchen with pot lights, granite counters and an island with breakfast bar. The hardwood floors and crown moulding in the dining room will add a touch of refinement to your family memories. The crown moulding and elegance continue seamlessly throughout the living room. Spend fall and winter evenings cuddled up watching TV on the family room couch by the wood-burning fireplace. Upstairs, you’ll find three good-sized bedrooms with hardwood floors and two full bathrooms - both with updated vanities, and flooring. The finished basement offers an inviting recreation room, office/den space with pot lights and brand new (2024) carpeting throughout. Enjoy outdoor living at its finest with a large deck/gazebo and heated inground pool – perfect for entertaining or just quietly watching the sun go down. This home is a rare find on an exceptional street – a true gem that combines comfort/convenience with scenic beauty. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$1,499,900

5247 Spruce Avenue

Burlington, Ontario

4 Bedrooms3 Bathrooms2293 sqft

Upscale Living in Desirable South Burlington – Rare to Find, Professionally Updated Top to Bottom Bungalow on a Large Lot (67.13ft back side x 122.22ft on the longest side). Two Full Bathrooms and 3 Skylights on Main Fl, High-End Finishes Including Caesar Stone Countertops with Amazing Centre Island, Stainless Steel Appliances, Hardwood Floors And Beautiful Landscaping. Nothing To Do but Move And Enjoy. Separate entrance to the Fully Finished Lower Level with Additional Bedroom, Kitchenette and Spa-like Bathroom. LED Lighting Throughout, Gas Fireplace, Gleaming Hrdwd Floors, Accent Wainscoting Wall, Upgraded Trimming, Doors with Handles, California Shutters, Quartz Countertops in Kitchen and Bathrooms, Backsplash, Humidifier, Amazing Backyard with Fiberglass Heated Pool, Tool Shed. S/S Slide-in Stove, S/S Fridge, S/S B/I Dishwasher, S/S Microwave/Hood, Pantry; White Stove, S/S Fridge, Woodburning Stove, Poll & Pool Equipment, GDO + Remote, Keyless Entry. Great Neighbourhood, Walking Distance To The Lake And Many Amenities. (id:51158)

For Sale$379,900

100 Burloak Drive Unit# 1208

Burlington, Ontario

2 Bedrooms1 Bathrooms795 sqft

Retire in style at Hearthstone by the Lake. This complex offers a multitude of amenities designed to enrich your retirement at a reasonable price. One bedroom and den, one bathroom. Enjoy the dining room, library, lounge (with happy hour!), card room, wellness centre, the list goes on. Stroll the manicured gardens, swim in the pool or curl up in front of the fireplace in the library with a good book. This facility offers emergency nursing, handyman services, a concierge, etc. Each unit has a full kitchen, laundry, one underground parking spot and a locker. Residents pay condo fees plus club fees. (id:51158)

For Sale$1,219,000

2025 Maria Street Unit# 1508

Burlington, Ontario

2 Bedrooms2 Bathrooms1153 sqft

Luxurious living at the boutique Berkley Condominium where turnkey elegance meets a vibrant urban lifestyle! This meticulously curated 2-bed, 2-bath “Monterey” model is a prime corner unit, offering breathtaking northwestern views and abundant natural light through stunning floor-to-ceiling glass windows. Enjoy exceptional amenities, including 24-hour concierge service, stylish guest suites, and a fully equipped gym. The party and billiards room provide a perfect backdrop for gatherings, while the rooftop terrace with BBQs is ideal for entertaining. Step into your inviting foyer, featuring 9-foot ceilings and neutral decor that creates a warm ambiance. The stunning Barzotti kitchen is a chef’s dream, boasting an 8.5-foot extended island with a bfast/bar, sleek quartz, GE Signature Series SS appliances, and mood-enhancing under-mount lighting. The spacious living/dining area showcases engineered wide plank hardwoods and upgraded lighting, with motorized blinds for added privacy and style. The primary bedroom offers tranquil west-facing views, a generous walk-in closet, and a luxurious ensuite bathroom. The second bedroom accommodates a queen bed and features its own walk-in closet with custom storage. Enjoy summer evenings on your expansive wrap-around terrace, perfect for al fresco dining. This hotel-inspired condo with side-by-side 2-CAR parking on P1, is conveniently located outside the elevators. Embrace the lakeside lifestyle and experience unparalleled luxury! (id:51158)

For Sale$1,299,000

804 Shadeland Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1736 sqft

This farmhouse, Situated On A Double 107 By 206 Lot, is a dream retreat within the city! ( Double Lot Registered On Geowarehouse As Lot 75 & Lot 76) With its spacious lot backing onto a ravine, it offers a serene escape from urban life surrounded by nature's beauty. And with 3 bedrooms and 2 bathrooms, it provides comfortable living accommodations. The main floor, with its lovely kitchen, dining area, and living room, seems like a cozy hub for daily life. The sitting area offers incredible views of the surrounding landscape, creating a peaceful atmosphere. The location is ideal with proximity to Lake Ontario, parks, a marina, and a golf club, offering plenty of opportunities for outdoor recreation. And with easy access to major highways and downtown, it strikes a balance between convenience and tranquility. This home is a perfect blend of countryside charm and urban convenience, offering a lifestyle that's both refreshing and convenient. (id:51158)

For Sale$1,479,000

3247 Steeplechase Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2618 sqft

Welcome home to 3247 Steeplechase in sought-after Alton Village! This 4-bedroom (3 +1), 2.5 bath, executive home features over 2400 sq. ft. of finished living space and sits on a large approx 43ft x 95ft corner lot. Walking distance to top-rated schools, parks, shopping amenities, transit, and major commuting routes. The main floor features a direct entrance from the attached double garage, a side entrance from the lovely covered porch, a formal dining room featuring hardwood floors, bright natural light, a vaulted ceiling seating area, 2-PC powder room, a stylish living room with a gas fireplace, and an updated eat-in kitchen (2023) complete with granite countertops plenty of storage and direct access to the oversized and rare backyard featuring a new deck/pergola (2020) perfect for morning coffee and family BBQs. Upstairs, you will find a sizeable primary suite with 2 walk-in closets, complete with a gorgeous ensuite with a soaker tub and updated vanities/backsplash and shower enclosure (2023), 2 additional bedrooms, laundry, and a reading nook/office perfect for school/remote work. The 738 sq. ft. fully finished lower level features an additional bedroom, rec room, workshop, and bathroom rough-in. Other recent updates include exterior pot lights (2021), blown-in insulation (2021), driveway (2021), roof (2022). 2 garage + 2 driveway parking. Do not miss out, book your showing today! (id:51158)

For SaleOPEN HOUSE$674,900

340 Plains Road Unit# 512

Burlington, Ontario

2 Bedrooms2 Bathrooms801 sqft

Elevate your lifestyle in the vibrant Aldershot community! Welcome to unit 512... designed to maximize comfort and flow. Bask in the natural light pouring into every room or step outside onto your private covered balcony. An outdoor oasis that extends your living space. Whether you're sipping your morning coffee or enjoying a sunset dinner, this private retreat offers you tranquil views and fresh air all year round. Located just minutes from Aldershot GO Station, Highway 403, Mapleview Mall, Schools, Spencer Smith Park, Burlington Pier, Burlington Golf & Country Club, and unlimited dining options. This condo offers the best of Burlington living. Whether you're downsizing, a young professional, or a small family, Unit 512 is the place to call home. Don’t miss your chance to experience the lifestyle that awaits! (id:51158)

For Sale$3,650,000

2300 Lakeshore Road

Burlington, Ontario

5 Bedrooms4 Bathrooms4711 sqft

Charm and character abound in this classic tudor style home in prime Burlington location w/lake views. Over 4700 sqft of finished living space. This home offers a grand foyer leading to a large living room with gas f/p and patio doors that allow you to extend your living and entertainment outside to a patio balcony overlooking your backyard, pool and views of the water. Open to the living room is a comfortable work at home den w/deck and separate entrance. An elegant dining room flanks the other side of the foyer w/ woodburning f/p for cozy family gatherings or formal holiday settings. White kitchen w/original lead glass windows & large centre island is perfect for meal preparation and your morning coffee. The family room features vaulted ceilings & skylights that flood the room with natural light. Both an electric f/p & gas f/p allow you to enjoy just the ambiance of a flickering fire or add some addt’l warmth on cooler nights. Sliding doors lead outside to another entertainment area poolside. Upstairs, discover 2 generously sized guest bedrooms, a 4-pc bath, and principal retreat consisting of a large bedroom area with doors that lead you outside to your own private oasis w/maintenance free decking. Finished lower level gives you a large rec room with den area, 2-pc bath, separate shower room, sauna, laundry & plenty of storage. Convenient walk up to the backyard pool area allows access from the lower level. Not to be missed is the separate loft area over the double car garage - perfect for long term guests/nanny suite featuring bedroom, living area & 2-pc bath(could be expanded to 3-pc). Deck to enjoy water views! Spectacular backyard for all your entertaining needs incl. 20x40 ft pool that puts fun in summer! Steps to the lake and short stroll to downtown Burlington & Spencer Smith Park. Solid oak doors & trim, updated slider windows (2018), updated hardwoods, updated baths (2017,2000), updated kitchen,roof (2010),200 amp service w/new wiring,pool liner (2024) (id:51158)