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$2,949,999

4316 Derry Road

Burlington, Ontario

3 Bedrooms4 Bathrooms

Welcome to your secluded haven at 4316 Derry Road, Burlington, just minutes from Milton! This custom home on 10+/- acres boasts private walking trails and luxurious living. Seamlessly blending elegance with nature, this three-bedroom, four-bathroom villa is a must see! Enjoy captivating escarpment views and easy access to the Rattlesnake Conservation area. Indulge in the renovated kitchen with quartz countertops, alongside amenities like an indoor pool, sauna, tennis court, and pond. The hand-carved barnwood exposed beams throughout the home infuse a rustic charm, perfectly balancing with the modern updates that provide contemporary convenience and amenities. Recent upgrades, including newer windows and bathrooms, enhance the allure of this retreat. Recent enhancements such as a new carport (2024), exterior lighting, fire pit, freshly painted tennis court and pergola elevate the outdoor experience. NEC approval for 1698 square foot addition, details and drawings provided upon request. Updates in 2023 brought new flooring, carpets, and kitchen improvements, while the pool area was revamped in 2022-23. RSA. (id:51158)

For Sale$2,949,999

4316 Derry Road

Burlington, Ontario

4 Bedrooms4 Bathrooms3010 sqft

Welcome to your secluded haven at 4316 Derry Road, Burlington, just minutes from Milton! This custom home on 10+/- acres boasts private walking trails and luxurious living. Seamlessly blending elegance with nature, this three-bedroom, four-bathroom villa is a must see! Enjoy captivating escarpment views and easy access to the Rattlesnake Conservation area. Indulge in the renovated kitchen with quartz countertops, alongside amenities like an indoor pool, sauna, tennis court, and pond. The hand-carved barnwood exposed beams throughout the home infuse a rustic charm, perfectly balancing with the modern updates that provide contemporary convenience and amenities. Recent upgrades, including newer windows and bathrooms, enhance the allure of this retreat. Recent enhancements such as a new carport (2024), exterior lighting, fire pit, freshly painted tennis court and pergola elevate the outdoor experience. NEC approval for 1698 square foot addition, details and drawings provided upon request. Updates in 2023 brought new flooring, carpets, and kitchen improvements, while the pool area was revamped in 2022-23. Don’t be TOO LATE*! *REG TM. RSA (id:51158)

For Sale$1,925,000

509 Elizabeth Street Unit# 4

Burlington, Ontario

3 Bedrooms2 Bathrooms2495 sqft

Executive luxury townhome located in the heart of Downtown Burlington. You will be amazed by the Attention to detail and quality lifestyle in this 5 level home, equipped with an elevator that accesses every level. Each level creates a space that will be enjoyed from the lower lever media room/ gym and Guest suite with complimenting 4 piece washroom . The main entrance has a spacious office and 2 piece washroom allowing a comfortable working from home lifestyle that also creates private access from rest of living space to your clients if required. The main living area is an open concept with large dinning area open to gourmet kitchen , 14' island flowing into to Great room with gas fireplace and walk out to terrace. The open-concept plan makes entertaining a breeze. The second level has the primary bedroom with wall-to-wall closets, sliding glass doors to a Juliette balcony and a 5pc ensuite bath and walk-in closet. The second bedroom on this level has its own 3pc ensuite bath and floor to ceiling window overlooking the front yard. The third level features a fabulous roof-top deck with west exposure and a hidden complimenting entertaining room hidden behind a Harry Potter book shelf. Be sure when you view not to miss this hidden room that has a wet bar and fireplace. The car enthusiast will enjoy the 3 car garage with a second inside entry to office level. Ideally located within walking distance to Downtown Burlington's many restaurants, shops, art gallery, hospital..... (id:51158)

For Sale$1,595,000

2260 Mansfield Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms3450 sqft

Welcome to your dream home in the sought-after Tyandaga neighbourhood of Burlington! This stunning multi-level split features three generously sized bedrooms and 2.5 bathrooms, perfect for families or those seeking extra space. The updated kitchen boasts elegant granite countertops and modern finishes, making it a delightful space for culinary adventures. Just off the kitchen, you will find your expansive formal dining and living rooms, for hosting friends and family. The main floor also offers a den with a gas fireplace, perfect for a home office or quiet retreat. The basement features a hobby room complete with bar, a large rec room, and a cozy family room with a wood-burning fireplace for those chilly evenings – all with large windows offering plenty of light in. Step outside to your beautifully updated backyard, featuring a gorgeous stone patio and contemporary glass railings—ideal for outdoor entertaining or simply relaxing in your fully fenced oasis. There's plenty of room for gatherings, kids, or pets to play freely. This home is brimming with opportunity to add your own design touches and truly make it your own! Conveniently located near highway access, scenic trails, shopping, and more, this property truly has it all. Don’t miss your chance to own this exceptional home in a fantastic community! (id:51158)

For Sale$565,000

1116 Homewood Drive Unit# 1

Burlington, Ontario

2 Bedrooms2 Bathrooms1131 sqft

Welcome to #1-1116 Homewood Drive, a charming 2-bedroom, 2-bath townhouse nestled in the sought-after Mountainside neighborhood of Burlington. This end-unit home boasts approximately 1,273 sqft. of thoughtfully designed finished living space, perfect for first-time buyers, downsizers, or investors looking for a great location. Step inside and you'll be greeted by a bright and inviting living space ideal for both relaxation and entertaining. The kitchen offers a breakfast area and sliding door walk-out to a private fully fenced backyard—perfect for outdoor dining, gardening, or a safe play area for kids and pets. One of the highlights of this home is the newly remodeled basement, adding extra finished living space that can be used as a recreation room, family room, or home office. Basement features a 3-pc bathroom and laundry space. With two well-sized bedrooms upstairs, along with a spacious 4-pc bathroom. You’ll have plenty of space to unwind. This townhouse comes with two dedicated parking spaces, making day-to-day life easy and stress-free. Located just minutes from parks, schools, shopping, restaurants, downtown Burlington and highways, this property offers the perfect combination of quiet suburban living with easy access to everything Burlington has to offer. (id:51158)

For Sale$1,449,000

2114 Caroline Street

Burlington, Ontario

5 Bedrooms2 Bathrooms1640 sqft

Large 2 1/2 storey, all brick, 5 bedroom home. 9' ceilings on the main level and a high basement for the age and style of the house. The proximity to the downtown amenities and waterfront make it an ideal location. (id:51158)

For Sale$389,900

100 Burloak Drive Unit# 2505

Burlington, Ontario

1 Bedrooms1 Bathrooms806 sqft

Welcome to Hearthstone by the Lake Retirement Community – where independent living meets convenience and comfort. Whether you prefer to maintain a fully independent lifestyle or take advantage of the community's extensive amenities, this unit is the perfect place to call home. The spacious, open-concept layout features 9-foot ceilings and large windows, allowing for plenty of natural light. Enjoy preparing meals in the full kitchen, hosting family in the separate dining room, or relaxing in the expansive living room, which opens onto a private, treed balcony with a serene NorthWest exposure. The generously sized bedroom includes a walk-in closet, and the convenience of in-suite laundry adds to the ease of living. This unit also comes with an underground parking space and a private locker for extra storage. As part of the Hearthstone community, you will benefit from a range of amenities included in your Hearthstone Club Fee including monthly housekeeping (1 hour), a $250 meal/dining credit (incl tax), shuttle service for local transportation, on-site handyman services, 24-hour emergency nursing and an emergency call system, Concierge and wellness centre offering an exercise room, indoor pool, and games room, cozy library and dining lounge, both complete with fireplaces. Residents can also relax in the beautifully landscaped grounds, complete with a courtyard, outdoor patio areas, and a charming gazebo. Plus, all of this is just steps away from the lake, offering you a peaceful lakeside lifestyle. Hearthstone by the Lake offers the perfect blend of independence and support, creating an ideal environment for your retirement years. Experience comfort, convenience, and community—all in a stunning location! (id:51158)

For SaleOPEN HOUSE$1,249,900

2303 Courtland Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms2525 sqft

Discover a rare opportunity to build or renovate your dream home in one of South Burlington’s most coveted neighborhoods. Nestled on a spacious 55.12 x 143.76-foot lot, this property presents a world of possibilities for those looking to craft the perfect home. With a deep lot and a quiet, tree-lined street, this location is ideal for families, builders, and contractors alike. For first-time buyers, this is an exceptional chance to enter a desirable community at an incredible value. Imagine living in a family-friendly area with access to top-rated schools, beautiful parks, and convenient shopping and dining options. You’ll also be moments away from Burlington's downtown, Spencer Smith Park, and the scenic Waterfront Trail. Additionally, enjoy proximity to incredible recreational and cultural amenities such as the Ron Edwards Family YMCA, Central Park Field, Central Arena, Theatre Burlington, Burlington Public Library, and the Burlington Curling Club—all enhancing the appeal of this vibrant community. The canvas is yours—build, renovate, or create the home you've always dreamed of, all in a location that offers unbeatable lifestyle amenities and future growth potential. Book your appointment today! (id:51158)

For Sale$525,000

5220 Dundas Street Unit# 312

Burlington, Ontario

2 Bedrooms1 Bathrooms584 sqft

Welcome to 5220 Dundas Street, Burlington – Luxury Living in a Prime Location! Step into this stunning condo at Link 1 by Adi Developments, where modern elegance meets contemporary convenience. Boasting an open-concept design, this 1-bedroom + den suite features soaring 9-foot ceilings and floor-to-ceiling windows that flood the space with natural light, showcasing sunset views of the Escarpment and beyond. The sleek kitchen is equipped with built-in stainless steel appliances, quartz countertops, and custom cabinetry, creating the perfect space for culinary adventures. The thoughtfully designed den offers versatile functionality – ideal as a home office, nursery, or even a dining room. The master bedroom features a custom closet and direct access to the shared ensuite bathroom, while the entire home is outfitted with stylish plank laminate flooring. Enjoy a wealth of amenities including a state-of-the-art fitness center, party room, outdoor terrace with BBQ facilities. (id:51158)

For Sale$499,990

2081 Fairview Street Unit# 1704

Burlington, Ontario

1 Bedrooms1 Bathrooms556 sqft

This bright and modern 1-bedroom unit offers a perfect blend of luxury and convenience in the heart of Burlington. Located just steps from shopping, restaurants, and amenities this condo is a true gem. As you enter this open-concept layout, you'll be greeted by abundant natural light streaming through the floor-to-ceiling windows. The south facing balcony is ideal for relaxing with a morning coffee. The gourmet kitchen is a chef's delight, boasting sleek stainless steel appliances including a built-in oven and built-in cooktop, elegant quartz countertops, and ample storage space. The kitchen island doubles as a breakfast bar, perfect for casual dining or entertaining guests. Paradigm Condos is not just about the unit - enjoy an array of incredible amenities, including an indoor pool, hot tub, sauna, theatre, and a state-of-the-art fitness centre with an indoor basketball court gym. Host gatherings in one of the two party rooms, relax in the sky lounge, or enjoy outdoor BBQs on the patio. Additional features include guest suites, 24-hour concierge service, and visitor parking. This condo also comes with an owned parking space and two spacious lockers for your convenience. On-site Electric Car Charging Stations in the garage! With direct access to Burlington GO and proximity to major highways, commuting is a breeze. Don’t miss out on this exceptional opportunity to own a slice of luxury living in Burlington. (id:51158)

For Sale$618,500

320 E Plains Road E Unit# 207

Burlington, Ontario

2 Bedrooms1 Bathrooms709 sqft

Beautifully finished 1 bed plus den in the modern Rosehaven built AFFINITY buildings in sought-after, amenity rich Aldershot. This wide, open concept model features an abundance of white, extended height cabinets in kitchen and quartz counter. Gorgeous, wide plank beautiful, laminate throughout! Stainless appliances, and freshly painted in neutral tones. Den currently used as a bedroom featuring a stylish, glass, loft sliding door. Convenient storage locker on same floor, and a bike mount lock up on main floor. Enjoy stunning sunsets on your west facing spacious, private balcony-and if you want the full view of the Escarpment just head up to 6th floor party/games room for full, expansive view while playing pool or watching a movie or even better, head outside onto the patio for bbq, with a fire pit lounge area and view of the lake. Location is a commuter's dream with quick, easy access to Aldershot Go/403/QEW and minutes away from lovely downtown Burlington. (id:51158)

For Sale$439,900

100 Burloak Drive Unit# 2514

Burlington, Ontario

2 Bedrooms1 Bathrooms795 sqft

Resort style Retirement Residence at Hearthstone by the Lake. Amazing location just steps to the lake and surrounded with wonderful gardens. This suite has stunning lake and garden views and is the largest of the One plus layouts at 795 sq. ft. The building offers 24 hour Concierge, Indoor pool, Exercise Room, Billiards, Library, housekeeping and handyman service. The Wellness Centre assists in looking after your needs and there is also a emergency nursing 24/7 if needed. There is one underground parking spot and a locker. There is a mandatory club fee of $1672.45 in addition to the Maintenance fee. This includes a $250.00 Dining Room Credit and a monthly cleaner. Heating, air conditioning and water are included in the condo fees. (id:51158)