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$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$479,900

3200 Dakota Common Unit# B602

Burlington, Ontario

1 Bedrooms1 Bathrooms500 sqft

Stunning condo in Burlington's prestigious Valera Condos! This unit features a rare offering of 2 underground parking spots!! and 2 lockers! fabulous open concept upgraded kitchen to living space, floor-to-ceiling windows providing ample sunlight, smart home technology, modern wood flooring, with west-facing balcony. The building offers top-notch amenities: 24/7 concierge, outdoor pool, BBQ terrace, fitness studio, sauna, steam room, pet spa, and a party room. Located steps from shopping, dining, and leisure facilities, with easy access to the 407, Appleby GO and Bronte Creek Park! this property offers unparalleled convenience and lifestyle. Don't miss this exceptional living opportunity! (id:51158)

For Sale$2,488,000

2428 Lakeshore Road

Burlington, Ontario

4 Bedrooms4 Bathrooms2400 sqft

STEPS FROM THE LAKE WITH INCREDIBLE WATER VIEWS THROUGHOUT! This 3+1 bedroom (could easily be 4+2), 3.5 bath 2 storey home is situated on the south side of Lakeshore Road and is beautifully appointed throughout. The home is approximately 2400 square feet PLUS a finished lower level. The main floor boasts beautiful hardwood flooring, smooth ceilings with pot-lights and crown moulding throughout. The large updated eat-in kitchen includes a large peninsula, quality cabinetry, granite counters, a pantry, wine room and stainless-steel appliances! The kitchen is also open to the oversized family room with a gas fireplace and access to the private backyard with stunning views of the lake. The main floor features a large living / dining room combination with a second gas fireplace, powder room and garage access. The second level of the home includes 3 large bedrooms PLUS an oversized office / den with a private balcony and two full bathrooms. The primary bedroom includes a walk-in closet and a stunning 4-piece ensuite with heated flooring. The lower level has a large rec room, 3-piece bath, office/den, laundry room and ample storage! The exterior has been professionally landscaped and features a private yard with a large composite deck, great curb appeal and a double driveway with parking for 4 vehicles as well as a double car garage! This home is conveniently located close to all amenities and walking distance to Burlington's core and all it has to offer! Beautiful lake viewing area at the end of the street to enjoy all the spectacular sunsets up close! (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$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$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$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 SaleOPEN HOUSE$1,425,000

295 Plains Road W

Burlington, Ontario

5 Bedrooms4 Bathrooms2591 sqft

Nestled in the heart of one of Burlington's most sought-after neighborhoods, this exquisite century-old Tudor-style home exudes timeless charm and sophistication. Situated on an impressive 50 x 177-foot principal lot, this architectural masterpiece seamlessly blends historic elegance with modern amenities. Step inside to discover beautifully preserved original details, including intricate woodwork, leaded glass windows, and original floor inlays. The spacious interior boasts grand living and dining areas, a chef's kitchen, and light-filled rooms that open onto meticulously landscaped gardens, offering a private oasis perfect for relaxation and entertaining. A rare opportunity to own a piece of Burlington's rich heritage. The flexible floorplan is very mindful of investors and families alike. (id:51158)

For Sale$2,349,000

5071 Spruce Avenue

Burlington, Ontario

4 Bedrooms3 Bathrooms2744 sqft

Just steps from the lake, this custom designed home by architect Giorgio Frasca, located in South Burlington blends modern elegance with timeless charm, nestled on an extra deep ravine lot that backs onto the serene Appleby Creek. Offering both tranquility and convenience, this property is ideal for those who desire a peaceful retreat close to city amenities. As you step inside, you're greeted by a grand open-to-above entryway, creating a bright and welcoming atmosphere. The home features clean lines and sophisticated finishes throughout, showcasing the meticulous attention to detail and craftsmanship. The main level is highlighted by a chef’s dream kitchen, complete with high-end appliances and quartz countertops, making it the perfect space for both entertaining and everyday living. The seamless transition to the stunning private exterior offers a cottage-like experience, ideal for relaxing or hosting guests. Upstairs, three well-appointed bedrooms provide comfort and style. The master suite serves as a luxurious sanctuary, featuring two large windows with views of the beautiful ravine lot, a wall-to-wall closet, an additional walk-in closet, and an ensuite bathroom designed for ultimate relaxation. The two additional bedrooms overlook the main living area and share a convenient Jack and Jill bathroom. The fully finished lower level adds even more versatility to the home, featuring a spacious family room with large windows and a gas fireplace, a full bathroom, a laundry room with a separate entrance to the yard, and ample storage space. The size and layout work perfectly for either a single-family or multi-generational family, offering flexibility and room for everyone. Located close to the lake, shopping, and restaurants, this unique home offers the best of both worlds—a serene setting with easy access to everything you need. (id:51158)

For Sale$1,399,000

957 Sanford Drive

Burlington, Ontario

2 Bedrooms2 Bathrooms2482 sqft

Pride of ownership shows in this spacious & unique brick bungalow that has been completely redesigned and rebuilt for the empty-nester lifestyle! The main level features gleaming hardwood & a large, open-concept dining room & living room w/ potlights, coved ceiling & gas fireplace. The TV den has a hide-away desk and is easily converted to a 3rd bedroom. The custom-designed kitchen has stainless steel appliances including a gas stove, built-in overhead microwave, solid oak cabinets and glass tile backsplash. The primary bedroom has a fully lit wall-to-wall closet and stacked washer/dryer right where it should be. The main bath is modern and tasteful with a large, glass-enclosed w/i shower and glass sink. A beautiful great-room addition (2008) features soaring, 15-foot ceilings and overlooks the inground, saltwater pool. The yard is beautifully landscaped w/ perennials, interlock patio, and outdoor kitchen w/ fridge & natural gas cooking with a retractable awning overhead. The basement would be a great inlaw suite or teen retreat, and has a full bathroom, kitchenette, bedroom and large recroom, as well as storage & utility rooms. The detached garage is fully-powered and big enough for both a car and small workshop. Other highlights include: soffett lighting, gutter guards, modernized front porch, pool heater 2022, yard drain, inground sprinkler system, 2 gas fireplaces, updated wiring and breaker panel, laundry on main, gas dryer, central vac, cold cellar, furnace and AC 202 (id:51158)