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$2,300,000

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)

For Sale$1,550,000

978 North Shore Boulevard W

Burlington, Ontario

3 Bedrooms1 Bathrooms1278 sqft

Vintage charm meets modern potential - 3-Bedroom home in South Aldershot. This 1939-built 1.5-storey home is your ticket to South Aldershot's serene living. Offering 3 bedrooms and 1 bathroom, it's nestled on a peaceful, tree-lined street. Situated on a generous 50 x 128 foot lot with mature trees, just a stroll away from Lake Ontario and the Royal Botanical Garden, this property is a haven for nature enthusiasts. The 3 bedrooms offer versatility for a family or home office, and the vintage charm throughout invites cosy living. This home is your blank slate, ready to be your forever haven, or reimagined into a modern masterpiece that suits your taste. The spacious lot is a canvas for your outdoor vision, where the mature trees provide a canopy of tranquillity. Location is key, and this property has it all. Within a leisurely walk, you can explore the calming lakeside or immerse yourself in the natural wonders of the Royal Botanical Gardens. Burlington and Hamilton's amenities are at your fingertips, ensuring convenience and comfort with major transit connections, local and big-box shopping, and entertainment opportunities all nearby. Don't let this opportunity slip away. Whether you seek a comfortable family retreat or a renovation project, this home has the potential you're looking for. Schedule a showing, and unlock the charm and possibilities of this treasure. (id:51158)

For Sale$459,900

3200 Dakota Common Unit# B501

Burlington, Ontario

1 Bedrooms1 Bathrooms517 sqft

Welcome To Valera Condos In Sought After Alton Village. This 1 Bed 1 Bath Suite Features An Open Concept Layout, Floor To Ceiling Windows, Ensuite Laundry And A Walk Out To A Spacious Balcony. Modern Kitchen Offers Stainless Steel Appliances And Quartz Countertops. Resort Like Amenities Include Exercise Room, Yoga Studio, Sauna & Steam Room, Outdoor Rooftop Pool With Lounge & Bbq Area, Lobby With Concierge, Party Room With Kitchenette & Outdoor Terrace. This Unit Comes With 1 Parking Space & 1 Storage Locker. Close Proximity To Great Schools, Shopping, Dining, Public Transit & Major Highway Access. (id:51158)

For Sale$1,075,000

2007 James Street Unit# 707

Burlington, Ontario

2 Bedrooms2 Bathrooms1100 sqft

Welcome to this stunning newly constructed condo, a serene oasis that seamlessly combines modern luxury with the convenience of downtown living. Perfectly placed in the heart of downtown Burlington, this 2-bedroom, 2-bathroom condo offers an unparalleled lifestyle experience. As you enter the condo, you are greeted by an open-concept living space that seamlessly connects the living room, dining area, and kitchen. Large windows line the exterior walls (corner unit) allowing natural light to flood the space, while the sprawling private balcony offers partial views of the lake and a front row seat to breathe taking sunsets. The gourmet kitchen is a chef's delight, equipped with high-end stainless steel appliances, granite countertops, ample cabinet space and a large centre island perfect for entertaining. The large primary bedroom boasts a 4pc ensuite and a large walk-in closet and the second bedroom is equally well-appointed, providing a comfortable space for guests or family members. Residents of this condo also have access to an indoor lap pool, yoga and wellness studio, roof top lounge & BBQ area, party room, games room, fitness centre, guest suites, pet wash station, 24 hour security and more! Walking distance to all amenities, the waterfront, local trails and popular shops & restaurants. Book your private showing today! (id:51158)

For Sale$490,000

4005 Kilmer Drive Unit# 409

Burlington, Ontario

2 Bedrooms1 Bathrooms728 sqft

Welcome to Tansley Woods in Burlington where you’ll fall in love with the vaulted ceilings and large windows with lots of natural light in this 1 bedroom plus den that’s big enough for a second bedroom or home office. Large primary bedroom with double closets. The den is finished with French doors and a bay window to sit and enjoy a book. Open concept with lots of counter space in the kitchen, new appliances, light fixtures and tons of storage. Private, covered balcony off the living area that allows BBQ’s. Full 4-piece washroom and in-suite laundry. Great location near parks, restaurants, schools, shopping, walking and biking trails plus a short 2 minute drive to the QEW. (id:51158)

For SaleOPEN HOUSE$1,199,000

4000 Alexan Crescent

Burlington, Ontario

4 Bedrooms4 Bathrooms2151 sqft

Discover this stunning 2-storey freehold end-unit townhome in the coveted Millcroft neighborhood! This spacious home offers 3+1 bedrooms, 3.5 bathrooms, and a legal basement apartment with a separate entrance—ideal for families or as an investment. Enjoy nearly $100k in upgrades, including gorgeous hardwood floors, tons of natural light, ample storage, and a modern kitchen with stainless steel appliances. The upper floor laundry adds convenience, while large windows brighten every room. Experience elegance and comfort with Millcroft living, combining functionality and luxury. Don’t miss your chance to own this beautiful property! (id:51158)

For SaleOPEN HOUSE$499,000

4003 Kilmer Drive Unit# 303

Burlington, Ontario

2 Bedrooms1 Bathrooms769 sqft

Carefree living at Tansley Gardens in the sought after neighborhood of Tansley Woods. This condo is tasteful, spacious, inviting and has a great open concept. It features a large bedroom, updated 4 piece bathroom and fully renovated kitchen (2019). There is plenty of room for a living room and dining room, with a walkout onto a sizable balcony. In addition there is new carpet throughout the space, but laminate flooring waits underneath should the owner prefer. The den can be used as an office, TV area or potentially a guest room. It has an underground parking spot, storage locker and in-suite laundry with a storage area. This location is conveniently located with walking access to park, schools, shopping, the Tansley Woods community centre, public transit and easy access to the QEW/407. Ideal for first time buyers and downsizers alike. (id:51158)

For Sale$1,399,900

2348 Tweedsmuir Court

Burlington, Ontario

5 Bedrooms3 Bathrooms3199 sqft

Welcome to this fabulous 4+1 bedroom home nestled on a quiet, family-friendly court in the highly desirable Brant Hills neighborhood! This warm and inviting home sits on a private pie-shaped lot with beautiful perennial gardens in the front and a fully fenced, well-maintained backyard, complete with mature trees—perfect for outdoor entertaining or peaceful relaxation. Inside, you'll love the spacious and sun-filled layout, designed for comfortable family living. The solid wood eat-in kitchen boasts custom cabinetry, granite countertops, a breakfast bar, and stainless steel appliances, with gorgeous hardwood flooring throughout. The main floor laundry adds convenience, while the upper level offers a serene primary suite, complete with a 3-piece ensuite featuring a glass shower and quartz counters. Three additional well-sized bedrooms and a main bathroom complete the upper level. The fully finished lower level provides extra space for a recreation room, an additional bedroom, or home office. Parking is a breeze with a double garage and driveway space for up to 6 cars. Conveniently located close to schools, parks, transit, and amenities, this home truly has it all for the growing family! (id:51158)

For Sale$439,900

1284 Guelph Line Unit# 417

Burlington, Ontario

2 Bedrooms1 Bathrooms596 sqft

Top floor unit in the Modern Condo Building! Open concept with 1 bedroom, 1 bathroom and vestile den area, ideal for home office or dining. Bright kitchen with plenty of cupboard storage, granite countertops and stainless steel appliances. Plenty of space to add an island for additional prep space, dining or storage. Open living area with access to the private balcony. Spacious bedroom with double closets and big bright windows. Full 4 piece bathroom. Vinyl flooring throughout. Relax or entertain on the stunning rooftop patio! Features lounge couches, bbqs, tables and chairs for dining, and fireplaces. Clean and well maintained building with welcoming foyer, dual elevators, secure underground visitor parking and landscaped grounds. Conveniently located near shopping, schools, trails and parks. Easy access to major highways, public transit and Go Stations. Included 1 parking space and 1 locker. (id:51158)

For Sale$769,900

2025 Maria Street Unit# 704

Burlington, Ontario

1 Bedrooms2 Bathrooms731 sqft

Welcome to The Berkeley, one of Burlington’s finest downtown condo buildings; a luxury project by Carriage Gate Homes! Loaded with upgrades at time of construction in 2019, you will be amazed at what this 1 Bedroom, 2 Bath unit has to offer! Ten-foot Ceilings; Wide plank Floors, with larger wood Trim; Upgraded Kitchen Cabinets, with extended height uppers & Crown Moulding; Stainless Steel GE Appliances, including upgrade Canopy Hood Fan; Island with Waterfall Quartz Countertop; Marble tile Backsplash; Built-in Kitchen wall unit with double Pantries and Quartz Countertop; Pot lighting throughout the living space; Custom Blinds; in unit laundry; owned parking spot and storage locker! Enjoy breathtaking views of Lake Ontario from your spacious (175 sqft) terrace! But there’s more! The Berkeley offers exceptional amenities including the hotel-inspired lobby, attentive concierge service and 24 hr security, party and games rooms, a rooftop patio with BBQs and lake views, secure bike storage, and a fully equipped gym. This one won’t last! (id:51158)

For Sale$524,999

2081 Fairview Street Unit# 1204

Burlington, Ontario

1 Bedrooms1 Bathrooms556 sqft

Gorgeous modern chic condo with spectacular views of the Escarpment and Lake Ontario. This condo showcases a modern interior flooded with natural light and countless upgrades. Stunning and functional chef-style kitchen with quartz counters, shaker style cabinetry and island with bar seating. Bright and spacious living area gives access to the enormous balcony with breathtaking open panoramic views! Sun filled primary bedroom. This unit also includes 1 owned underground parking (property management has additional underground parking spots for rent), 1 locker and in suite laundry. Geothermal building means heating and cooling as well as water are included in the condo fees. Great location - walk to restaurants, Mapleview Mall, Wal Mart, quick access to QEW and more. Fantastic resort-style amenities including 24hr concierge, indoor pool & hot tub, gym, indoor basketball court, rooftop deck, guest suites, outdoor children activity area, BBQs, direct access to Brant GO station. Within minutes to downtown trendy shops and enjoy the summer festivities at Spencer Smith Lakefront Park. (id:51158)

For Sale$769,900

2070 Brant Street Unit# 3

Burlington, Ontario

3 Bedrooms3 Bathrooms1400 sqft

Welcome home! This lovely, modern, updated 3 bedroom, 3 bathroom townhome in the highly sought-after neighbourhood of Tyandaga Burlington boasts countless features including open concept kitchen with quartz countertops and newer dishwasher (2024), luxury vinyl flooring, newly renovated bathrooms and pot lights throughout. Other notable features include: Fireplace 2016, Furnace/AC 2016, flooring: 2024 main level & 2022 upper level & lower level 2021, copper wiring outlets updated 2016 and new patio and front door in 2022 and 2023! 1 owned underground parking spot with access through lower level of home. Affordable condo amenities include indoor swimming pool, hot tub and sauna! Enjoy living in the perfect locale with easy access to Tyandaga golf course, shopping, highly ranked schools and major highways for commuters. Shows A+++ (id:51158)