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$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 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)

For Sale$1,299,900

697 George Street

Burlington, Ontario

4 Bedrooms2 Bathrooms1261 sqft

Welcome to 697 George Street, a beautifully maintained bungalow in the highly sought-after Central Burlington. Excellent curb appeal with a thoughtfully landscaped front and back yard, complemented by an inviting covered front porch. Inside, modern upgrades feature oak hardwood flooring and potlights throughout the main floor. Main level includes modern kitchen with stainless steel appliances and granite countertops and main floor laundry. Open concept spacious living area with a cozy fireplace, a dining area filled with natural light from large windows. Three well-sized bedrooms and a 4-piece bathroom complete the floor. Freshly painted lower level (2024) features updated windows (2024), a separate entrance, an upgraded second kitchen (with new stove, sink, and cabinets in 2024), 4th bedroom, newly updated 3-piece bathroom (2024), and large rec room, perfect for extended family or rental income. Fully fenced private yard offers beautifully arranged landscaping and a garden shed. Additional updates include an upgraded hydro service and panel (from 100A to 200A, 2024). Ideally located just minutes from the YMCA, downtown, the library, schools, and the GO train station. (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$1,449,000

2339 Orchard Road

Burlington, Ontario

4 Bedrooms3 Bathrooms3044 sqft

Welcome to this stunning, meticulously maintained home in the sought-after, family-friendly Bronte Woods neighbourhood! Featuring a lovely covered front porch and double garage, this property offers both charm and convenience. Enjoy the ability to walk to parks, schools, and Bronte Creek Park, with easy access to amenities, transit, and highways. With 3045SF of total finished living space, 9-foot ceilings, and a fully fenced backyard with a stone patio and mature tree, this home is perfect for family living and entertaining. The main level boasts an open foyer leading to a formal living and dining area, hardwood and tile flooring, and a generous eat-in kitchen with granite counters, travertine tile backsplash, island, breakfast bar, and stainless steel appliances. The kitchen opens to a bright family room with a gas fireplace, creating a warm and inviting space. Convenient main floor laundry/mudroom offers easy access to the garage. Upstairs, the generous primary suite features a tray ceiling, walk-in closet, and a luxurious 5-piece ensuite with a soaker tub and makeup table. Three additional bedrooms and a main 4-piece bathroom complete this level. The fully finished lower level offers a versatile recreation/flex room, a second kitchen, and a 4-piece bathroom, ideal for an in-law or nanny suite or simply extra living space. This home has it all—don’t miss out on the opportunity to make it yours! (id:51158)

For Sale$2,280,000

5502 Eaton Avenue

Burlington, Ontario

4 Bedrooms5 Bathrooms3618 sqft

Luxurious Living in Prestigious ELIZABETH GARDENS. ONE of a kind 2 Storey Farmhouse offers 3+1 Brms 2618 sq/ft of Exquisite Living Space. Engineered hdwd floors + LED lighting throughout open riser staircase, heated flooring in bathrooms, gourmet kitchen open concept quarts breakfast island and counters GE Cafe appls. Home office with built-ins, upper lvl Boast 2 spacious brms all w/ensuites spacious laundry. Finished lower lvl w/recroom, gym, 4th bedrm and Storage Rom & 4 pce Bath. Main lvl covered sunroom w/FP Stone floor, overlooks inground pool oasis w/sep Htub exterior landscape lighting, private fully fenced yard A Must View. (id:51158)

For Sale$1,399,000

428 Henderson Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1463 sqft

Welcome To The Highly Sought After Shoreacres Area In South-East Burlington. This 3 bedroom 2 bathroom Home Has Plenty To Offer. Attend Nelson Highschool which is the first ranking in Burlington. Close by with lot of amenities such as Fortinos/Banks/restaurants .Close to QEW, Not too far to 407. Spectacular Family Room Addition With Cathedral Ceiling. Large &Deep Lot 62*190. Lots of updates! Turn key property or rebuilt your dream home. (id:51158)

For Sale$399,900

100 Burloak Drive Unit# 2407

Burlington, Ontario

2 Bedrooms1 Bathrooms745 sqft

Fantastic alternative for downsizing! Spacious 2 bdrm plus den layout with updated kitchen overlooking dining/living area! Walkout from Living Room to private balcony overlooking mature trees! Ensuite Laundry! Primary bdrm has walkin closet! Nicely renovated bathroom includes glass enclosed shower with seat and safety bars plus a high end bidet style toilet! Crown mouldings throughout and recently painted. Easy access with an automatic unit front door opener. Retirement l at it's best! hearthstone by the Lake resort style condo ownership. Clubhouse fee includes 1 hour of monthly housekeeping, $250 + meal/dining room credit (meals can also be delivered to your unit for a fee) shuttle service, library, pool, fitness facility, games/billiards room and beautiful outdoor courtyard! Access to on-site medical, pharmacy dispensary, handyman and emergency call system. (id:51158)

For Sale$629,900

657 Francis Road Unit# 3

Burlington, Ontario

3 Bedrooms2 Bathrooms1318 sqft

A fantastic opportunity awaits first-time homebuyers or investors, with this 3-bedroom townhouse offering approx. 1,300 sq ft of living space. The spacious, open-concept layout includes 2 bathrooms and a finished basement. The private and quiet patio extends from the dining area. Just minutes from downtown Burlington, Mapleview Shopping Centre, restaurants, Hospital, and parks. Close to the lake, and providing easy access to highways, this home offers both convenience and comfort. (id:51158)