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$649,990

457 Plains Road E Unit# 221

Burlington, Ontario

2 Bedrooms2 Bathrooms866 sqft

Welcome to unit 221 at 457 Plains Road East. A wonderfully maintained 2 bedroom, 2 bathroom condo in the highly desirable Aldershot neighbourhood of Burlington. As you enter the unit you will notice the open concept kitchen/living and den area. The kitchen has ample storage space for all of your cooking needs. The well appointed, primary bedroom features closet space and a stunning 4 piece ensuite. The second bedroom would be perfect for a child or can be used as a spacious home office. Condo fees include Crave, Cable TV, and Fibre Optic Internet from Bell. One locker and one parking space included. Close to several shops, schools, 403 highway access, downtown Burlington and other amenities. (id:51158)

For Sale$720,000

5209 Banting Court

Burlington, Ontario

3 Bedrooms1 Bathrooms1314 sqft

Elizabeth Gardens 3-bedroom townhome in quite community. Large main floor with living/dining room and attached kitchen. Main floor has 2-piece bathroom. Upstairs has 3 large bedroom. Full Basement. One car parking garage and one outside spot. Walking distance to Lakeshore Rd and Lake Ontario, schools, parks, shopping & amenities with easy access to the highway and public transit. Great layout, great location. Photos are virtual staging of room. RSA. (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$699,900

216 Plains Road W Unit# A204

Burlington, Ontario

2 Bedrooms2 Bathrooms1218 sqft

Welcome to this beautifully renovated, spacious 1200 sqft 2-bedroom, 2-bathroom condo, perfectly situated in one of Burlington's most sought-after neighbourhoods. Every detail has been meticulously updated to offer a blend of comfort, elegance, and contemporary design. Step into the open-concept living space, featuring brand-new pot lights, engineered hardwood flooring (in main areas), sleek fixtures and large windows, opening up to your private balcony. The gourmet kitchen boasts quartz countertops, and ample storage—perfect for entertaining or preparing a quiet meal at home. Located just steps away from trendy shops, top-rated restaurants, serene parks, and the picturesque Lasalle Marina, this condo offers unparalleled convenience and lifestyle. With easy access to public transit (Aldershot Go) and major highways, commuting is a breeze. The communal clubhouse is the perfect place to enjoy a game of cards, partake in condo events, watch movies, or relax with a good book in the private library. Includes 1 underground parking and 1 locker. Don’t miss your chance to call this gem home—schedule your private 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$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$2,595,000

823 Partridge Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms4356 sqft

Breathtaking custom-built home situated in the prestigious north shore enclave of Burlington within walking distance to the Burlington Golf and Country Club. A quiet family friendly, tree lined neighborhood close to schools, go train and easy highway access. Built in 2016 and extensively renovated by the current owners including all new engineered hardwood floors, freshly painted throughout, new countertops and painted cabinetry, just to name a few. A formal foyer greets you as you walk through the front door, providing a clear sightline through the back of the home. A formal dining room connects seamlessly through to the bright and airy kitchen with large central island, top-of-the-line appliances and endless pantry cupboards. Located directly across from three sets of French doors – this space could not have more natural light! A perfect open concept living space for entertaining with the spacious great room located directly across from the kitchen. A convenient main floor office as well as a powder room complete the main level. The second level of this house features a large primary suite with oversized walk-in closet and spacious spa-like primary ensuite. The two additional bedrooms both have ample storage and share the oversized main washroom. A full-size laundry room is also found on this level. The fully finished lower level provides the extra space your family is looking for – a recreation room with custom built-in cabinetry alongside a wet bar with beverage fridge. The fourth bedroom has been utilized as a home gym, but could easily be converted back. The main bathroom is truly a spa with soaker tub and full size shower! Enjoy outdoor entertaining in the backyard with lovely hardscaped areas in addition to plenty of grass and low maintenance gardens. This is truly an outstanding home in one of the most sought-after locations in south Burlington. (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$899,900

1415 Hazelton Boulevard Unit# 21

Burlington, Ontario

3 Bedrooms4 Bathrooms2231 sqft

AMAZING FIND! This sought-after Tyandaga Highlands condo townhouse is in a small, well-managed complex, end unit with extra windows. NEW KITCHEN, NEW STAINLESS STEEL STOVE, NEW STAINLESS STEEL DISHWASHER, new quartz countertops with matching backsplash. Updated lighting. Refinished hardwood floors in the living room and dining room. Walk out from the dining room sliding doors to backyard with interlock patio. New carpeting, new laminate flooring. Freshly painted from top to bottom. Large front foyer with double door closet with interior lighting, access to garage. Three bedrooms, 3.5 baths. The primary bedroom has hardwood floors, a four-piece ensuite, and a walk-in closet. The lower level is fully finished with a recreation room, accent wall lighting, a four-piece bath with a whirlpool tub, and a large laundry room. Loads of storage area. Ecobee Smart Thermostat. Furnace 2008, Central Air 2023. Single garage with inside entry and garage door opener. The complex had aggregate concrete walkways, new paved roads and curbs just completed. The Status Certificate is available for serious inquiries. (id:51158)

For Sale$527,000

4040 Upper Middle Road Unit# 106

Burlington, Ontario

2 Bedrooms635 sqft

Truly unique opportunity for those that work from home, seniors and entry buyers.... this ground level 1 bedroom plus den is the epitome of easy condo living and has an impossible to find walkout to a large private outdoor terrace for pet lovers and sun worshippers alike. A Cul de Sac 5 yr old build located off of Tobyn Drive in desirable Tansley Woods with walking trails and parks and only minutes from main travel routes. This unit has been upgraded recently with new luxury vinyl flooring, hardware & designer paint hues. Bright and airy 10ft ceilings, 2 ceiling fans, window coverings, Primary bedroom with ensuite privilege and available for immediate occupancy, It Is absolutely ready to move In! All stainless steel appliances, insuite laundry, 1 underground parking spot and 1 locker Included. Condo fee includes heat and water, building maintenance, snow removal, visitor parking, party room and more. (id:51158)

For Sale$1,799,900

570 Harmony Avenue

Burlington, Ontario

5 Bedrooms3 Bathrooms3199 sqft

Welcome to this spacious 4+1 bedroom Kastelic built home, with over 3000 sq ft of living space! Nestled in a quiet family friendly street, this home offers a perfect blend of comfort and modern updates. The main floor has hardwood flooring, enhancing the home’s warm and inviting atmosphere. The updated kitchen is a standout feature, complete with sleek granite countertops, ample storage, and a convenient pantry—ideal for all your culinary needs. Main floor is continuous with a family room with brick fireplace, living/dining room & mudroom with outside and garage access! Upstairs, you’ll find generously sized bedrooms, including a master suite with plenty of natural light and large ensuite. Both bathrooms & powder room have been tastefully renovated, providing a fresh, contemporary feel. The fully finished large basement adds additional living space, office space, bedroom and offers a rough-in for a bathroom, giving you the potential to customize it to your needs. Set on a large, pie-shaped lot, the outdoor area is equally impressive, with a deck, hot tub, and a charming pergola—perfect for entertaining or relaxing in privacy. This home is an exceptional opportunity, combining modern amenities with an inviting, spacious layout. (id:51158)