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$1,899,000

2091 Canterbury Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms3085 sqft

Too many upgrades to list! Awe-worthy curb appeal with $230k+ in renovations, this dream home is on a quiet tree-lined street in prestigious Tyandaga. Exceptionally private with stunning golf course & pool views from every window! No detail spared! Highest quality, magazine worthy exterior reno featuring classic white brick paired with sleek black windows, blending elegance with modern flair. Pride of ownership throughout, meticulously cared for with great attention to detail. New roof, furnace & AC ensure peace of mind. Double garage w EV charger for modern convenience. Backyard oasis features a stunning pool, complete privacy, and direct access to Tyandaga Golf Course through a private gate. Outdoor living at its finest with deck, BBQ gas hookup, retractable awning, irrigation & cabana with electricity! Step inside to a welcoming front entrance & formal dining rm with crown molding, built-in cabinetry & pristine white kitchen with SS appliances. The kitchen overlooks the pool and opens to a cozy, elegant family rm with gas fireplace, bay window & built-in cabinetry. French doors lead you to the patio for easy indoor-outdoor living. Upstairs, the spacious primary suite offers a custom walk-in closet with wardrobe island and updated ensuite. The fully finished lower level incl a versatile office (potential 4th bedroom), large rec room & laundry rm with storage. A flexible layout! Stunning & endless potential to make each living space your own. Must be experienced in person! (id:51158)

For Sale$2,499,999

5127 Milburough Line

Burlington, Ontario

4 Bedrooms1 Bathrooms

North Burlington property with over 20 acres and 412 feet of frontage in an area of secluded estate homes. Complete privacy yet only a short drive to town. Currently used as horse farm. This property includes a spacious 3 bedroom house, a second modular home with separate heat and septic, and several outbuildings, including a barn, stable, and detached garage. Several paddocks and a half-mile training track make this acreage perfect for equestrians or the hobby farmer. Take advantage of the multiple revenue streams or build your dream home or private family compound! The east side of the property is forested with nature trails to explore, all adjacent to protected conservation area. (id:51158)

For Sale$744,900

2060 Lakeshore Road Unit# 403

Burlington, Ontario

1 Bedrooms2 Bathrooms583 sqft

Welcome home to a chic Gluckstein designed 1 bed,1.5 bathroom condo located in the luxurious Bridgewater Residences on Lakeshore Road. This unit features vinyl plank flooring, quartz countertops, Thermador appliances, in-suite laundry, 1 underground parking space and storage locker. State of the art amenities include gym, indoor pool, party room and rooftop terrace with BBQ areas. Close to go station, HWY and shopping. (id:51158)

For Sale$1,699,998

124 Lynn Court

Burlington, Ontario

3 Bedrooms3 Bathrooms1462.41 sqft

A downsizer’s dream! Nestled on a private, secluded 134’ deep lot surrounded by lush trees, this exquisitely upgraded modern executive offers the perfect blend of luxury and comfort. The open concept main level, with soaring vaulted ceilings, is an entertainer’s delight. The contemporary kitchen features custom cabinetry, quartz countertops, stainless steel appliances, and a breakfast bar for three. It seamlessly flows into the dining area with deck access and the oversized living room, where you’ll find a built-in bar, striking barnboard feature wall, and cozy gas fireplace. The primary suite is a true retreat, complete with a stunning barnboard accent wall, a walk-in closet with custom built-ins, and a spa-inspired ensuite. The ensuite boasts a custom wood vanity with dual sinks, a glass shower, and black slate flooring–a true work of art. A spacious second bedroom with a 9’ ceiling, dual closets, and large transom windows flooding the room with natural light, along with a four-piece main bath featuring another custom wood vanity, complete the upper level. The professionally finished lower level, with a separate entrance and new broadloom, offers a massive recreation room with built-in cabinetry and a second gas fireplace, third bedroom, office, powder room, ample storage, and a bright laundry room with walk-up access to the back yard. Additional highlights include stunning front gardens, wide-plank hardwood floors on the main and upper levels, and elegant hardwood staircases with glass panels and stainless steel railings. The back yard is an outdoor oasis, showcasing an expansive deck, charming gazebo, and soothing hot tub. Spectacular perennial gardens, towering trees, and plenty of space for children and pets complete this picturesque setting. Located on a premium court just minutes from the lake and LaSalle Park, this home is ideal for retirees, families with older children, or those looking to downsize without compromising on luxury. Your perfect home awaits! (id:51158)

For Sale$729,000

5070 Fairview Street Unit# 105

Burlington, Ontario

2 Bedrooms2 Bathrooms1281 sqft

Welcome to this spacious 2-bedroom, 2-bathroom ground-floor unit, offering approximately 1281 sq ft of comfortable living space. Enjoy the convenience of updated flooring, brand-new warranted stainless steel appliances, and brand-new privacy blinds throughout. The openconcept living area features a breakfast bar, perfect for entertaining guests. The primary bedroom boasts a walk-in closet and a private ensuite bathroom, providing a perfect retreat. Step outside to your secluded private balcony for a peaceful escape. With 2 parking spots included, this unit is close to Downtown Burlington, Highway 403, restaurants, entertainment, Burlington Hospital, and golf courses, offering a quiet yet conveniently located lifestyle. Don’t miss out! (id:51158)

For Sale$1,168,000

615 Cumberland Avenue

Burlington, Ontario

4 Bedrooms3 Bathrooms1200 sqft

Welcome to this lovely renovated 3+1 Bed, 3 Bath bungalow on a massive 65x140 foot lot in the sought after Dynes neighbourhood of South Burlington! This property has 2,400 Sqft of living area with a detached 2 car garage/workshop. It features a large sun filled kitchen and dining area, open and spacious living area with brand new pot lights/lighting, window blinds, flooring, ceiling & paint. Separate side entrance to newly renovated basement. Large open concept rec room and renovated 3 piece bathroom with glass shower. New flooring, freshly painted (Besides the laundry room) and finished 4th bedroom. Many upgrades throughout the home including a brand new customized kitchen, Hot Water Heater (2022)- Owned, Air Conditioner (2023) Washer & Dryer (2022) Dishwasher (2022). Steps from Burlington Mall, and very close to great schools, highways, and transit. Ready to move in! Book a showing today. (id:51158)

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 SaleOPEN HOUSE$469,000

2040 Cleaver Avenue Unit# 104

Burlington, Ontario

2 Bedrooms1 Bathrooms650 sqft

Welcome to your new home in the desirable Headon Forest neighborhood! This charming 650 sq. ft. condo is perfect for first-time homebuyers or young couples looking for comfort and convenience. Enjoy this spacious 1 bedroom plus a versatile den that can be used as a home office or guest space. This comes with stainless steel appliances, new washer/dryer, freshly painted and comes with one parking spot, locker and ample visitor parking above ground for guests. Easy access to highways and major commuting routes, making your daily travels a breeze. Explore nearby parks, shops, and dining options in this vibrant neighborhood. Don’t miss out on this fantastic opportunity to own a piece of Headon Forest! Schedule a viewing today! (id:51158)

For Sale$499,900

5090 Pinedale Avenue Unit# 203

Burlington, Ontario

1 Bedrooms2 Bathrooms830 sqft

With BRAND NEW Flooring & Paint throughout, welcome to this large 1 bedroom & 2 bathroom unit in the relaxing and mature Pinedale Estates community! Having 830 square feet this is one of the most spacious affordably priced 1 bedroom condos in Burlington! Mature individuals will enjoy the quiet peacefulness of the area, which is very relaxing, accompanied by the balcony view overlooking greenery, Frontenac Park and a quaint creek. Working individuals and couples will also find this building ideal as it is only a stone’s throw from Appleby Line and getting onto the QEW for commuting. You can also use the complex’s several benches, picnic table and gazebo areas in the rear as well as the many other building features such as pool, hot tub, sauna, driving range, party room, billiard room & library – this place has it all! Also being just off of Appleby Line, you are surrounded by all necessary amenities to suit any lifestyle. Whether you are an ambitious working individual, couple, or looking to slow down, this condo and its location might be the perfect fit for you! (id:51158)

For Sale$519,900

5230 Dundas Street Unit# A629

Burlington, Ontario

2 Bedrooms1 Bathrooms700 sqft

Top floor unit w/Escarpment views filled with natural light in Bronte Creek! This 1 bedroom + Den, 1 bath in trendy LINK is located in North Burlington. *Orchard community. Features: Bright open floor plan, modern kitchen w/ quartz counters and new stainless steel appliances, updated paint & decor, rich wood floors throughout. Sun-filled living room offers neutral decor, floor to ceiling windows & access to the balcony to enjoy sunset views. The primary bedroom also offers floor to ceiling windows and ensuite privileges to the spacious 4 piece bathroom. Tastefully decorated and a must see! Underground parking/locker. Concierge service and great amenities including a rooftop deck, exercise room, games room, sauna & courtyard. Close to Bronte Provincial Park Trails, schools, transit and shopping. (id:51158)

For Sale$619,000

4040 Upper Middle Road Unit# 310

Burlington, Ontario

2 Bedrooms2 Bathrooms973 sqft

An incredible opportunity for downsizers or first-time buyers in Burlington's desirable Tansley Woods! This beautifully updated 2-bed, 2-bath corner unit condo offers 9-ft ceilings, panoramic windows, and a huge 189 sq ft wrap-around balcony, perfect for enjoying stunning escarpment sunsets. Freshly painted with modern flooring, quartz countertops, and stainless steel appliances, this smart home features 3 custom closets, including a pantry, ensuite closet, and linen closet. Additional shelving has been added to the laundry room, both bedroom closets, and the foyer closet. Includes 1 parking space, a private locker, and is just 5 minutes to the QEW, 9 minutes to the Appleby GO Station, and steps from parks, shops, and trails. Don't miss the fantastic video tour! (id:51158)

For Sale$2,300,000

242 Belvenia Road

Burlington, Ontario

4 Bedrooms4 Bathrooms2943.21 sqft

Welcome to this stunning custom-built home, nestled in the heart of the prestigious Shoreacres and the highly rated Nelson & Tuck school community in South Burlington. With 4,500 square feet of thoughtfully designed living space, this home offers exceptional attention to detail and a prime location. As you enter from the circular driveway through the double doors, you'll be greeted by a grand foyer with a circular staircase, setting the tone for elegance throughout. The main floor features separate living, dining, and family rooms, each with 9 ceilings and a bathroom with shower. The spacious kitchen is a chefs dream, featuring a large island, ample cabinets, quartz countertops, built-in appliances, gas stove and a walkout that overlooks a serene and private yard surrounded by towering trees. The great room, with vaulted ceilings and a cozy wood fireplace, is the perfect space for family gatherings. The second floor offers 4 spacious bedrooms with walk-in closets and ensuites, while the basement features a fully equipped yoga/gym studio, a home theater, an office/flex room with ample storage, and a separate walk-up entrance. This picturesque property is located across from Paletta Lakefront Park and trails, providing beautiful views and easy access to nature. With renovations throughout, including updated bathrooms, paint, new carpeting, light fixtures, pot lights, and an EV charger point in the garage, this home is move-in ready. Don't miss this rare opportunity to own a luxurious and private retreat in one of Burlington's most sought-after neighborhoods! (id:51158)