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$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)

For Sale$629,900

100 Burloak Drive Unit# 1310

Burlington, Ontario

2 Bedrooms2 Bathrooms995 sqft

Retire in style at Hearthstone by the Lake. This two bedroom, two bath unit is approximately 995 square feet and has an updated full kitchen, insuite laundry and hardwood flooring. Live independently or make use of the many amenities available on the property including dining room, wellness centre (with 24/7 medical staff), library, lounge, gym (including scheduled exercise programs), indoor pool etc. Each unit comes with one underground parking spot and a locker. The monthly Club Fee provides a dining room credit, an hour of housekeeping, 24 hour emergency nursing, emergency call system, etc. (id:51158)

For Sale$649,800

370 Martha Street Unit# 911

Burlington, Ontario

1 Bedrooms1 Bathrooms570 sqft

Burlington Brand new Nautique Building located across the beautiful Burlington Harbour on Lakeshore, this gorgeous cozy one Bedroom and one full Bathroom is located on the Ninth floor, it features clean lines, modern concept, floor to ceiling windows, excellent indoor & outdoor building amenities, including a swimming pool, 20th floor sky lounge, fire pits, yoga studio, and fitness centre. Enjoy a walk on Lake. Spencer Smith Park, downtown Burlington's cafes, restaurants and boutique shops. Experience all that living in Downtown Burlington has to offer in this 24-hour concierge building. The apartment includes one parking space and one Locker. (id:51158)

For Sale$1,589,000

551 Maple Avenue Unit# 607

Burlington, Ontario

3 Bedrooms2 Bathrooms1628 sqft

The Seagrass Condo is a stunning 3-bedroom unit in the renowned Strata Building in Burlington, Ontario. With 2 bathrooms, 2 underground parking spaces, and 2 balconies, it offers a comfortable and convenient living experience. Spanning 1624 sqft, this condo embraces the simplicity of condo living while providing ample room to enjoy. Please see Supplement for a full write-up on this stunning condominium. Must See! (id:51158)

For SaleOPEN HOUSE$2,999,999

636 West Oval Drive

Burlington, Ontario

2 Bedrooms2 Bathrooms1528 sqft

This is the one! Very rarely do homes overlooking the Burlington Bay come to market especially with a proportional ownership of over 7+ acres of a beautiful ravine that leads to Brighton Beach. This gem offers stunning views of the Bay and has been completely updated with loads of upgrades. Featuring over 2300 sq/ft of elegant living space, this beauty will impress at every turn. As soon as you enter the front door be prepared to be amazed. Your attention will be drawn to the open concept family and dining room that boasts hardwood flooring and 4 extra large windows that provide extraordinary views of the bay from every angle. The dinning room offers a walkout to a large sun room with access to your backyard Oasis which includes, composite and wood decking, glass railing, BBQ area large 9 x 16' storage shed and of course panoramic views of nature at its very best. The modern gourmet kitchen has been completely renovated and is equipped with top of the line appliances and includes Thermador Gas Stove, Thermador Microwave and Stove Oven, Extra Large Sub Zero Fridge and Freezer and Bosch Dishwasher. The main floor also offers 2 bedrooms, the primary boasts closet and built in wardrobes. The gorgeous main floor bath features double sink, glass shower stall and skylight. The living room has hard wood floors, cozy gas fire place and leads you to the finished basement. The basement is beautifully laid out and offers 2 large rooms with closets, Rec Room, Laundry room, 4 piece bath and a Den / Foyer with separate entrance / walk up to the large 2 car garage. This home is spectacular, check out the virtual tour or better yet contact your agent for a private showing. Join us at our Open House Saturday October 5th from 2 to 4 p.m. (id:51158)

For Sale$649,000

2087 Fairview Street Unit# 1509

Burlington, Ontario

2 Bedrooms2 Bathrooms790 sqft

Discover luxury and convenience in this stunning 15th-floor unit located in the vibrant heart of Burlington conveniently beside the GO station. Spanning 790 sq ft, this beautifully designed condo features two spacious bedrooms and two modern bathrooms, perfect for comfortable living. Step outside to your expansive L-shaped balcony, where you can enjoy breathtaking west-facing views of the Niagara Escarpment—an idyllic backdrop for your everyday life with breathtaking sunsets. This futuristic building, constructed just a few years ago, is equipped with top-notch amenities to enhance your lifestyle. Take a refreshing dip in the inviting pool, unwind in the tranquil sauna, or stay active in the state-of-the-art gym. Planning a gathering? Utilize the well-appointed media and meeting rooms. Pet owners will appreciate the dog washing stations, ensuring your furry friends are pampered too. Host memorable BBQ gatherings on your balcony while soaking in the picturesque lake views. Your unit includes convenient underground parking and a locker for added storage. Plus, with the GO station next door, commuting anywhere in the Toronto area is a breeze. You’ll also enjoy easy access to the vibrant shopping, dining, and entertainment options along Brant St and the Lakeshore. Don’t miss this incredible opportunity to make this upscale condo your new home, where every day feels like a vacation! (id:51158)

For SaleOPEN HOUSE$823,900

370 Martha Street Unit# 1203

Burlington, Ontario

2 Bedrooms2 Bathrooms719 sqft

Welcome to this newly built 2-bedroom, 2-bathroom condo with OVER 1,000 sq ft of total living space featuring a unique wrap-around terrace that adds 300 sq ft of outdoor space overlooking breathtaking south-facing lake views through floor-to-ceiling windows. Designed by Cecconi Simone, the kitchen includes a fully integrated panelized fridge and dishwasher, built-in oven with ceramic cooktop, and a convenient in-suite laundry centre. Located steps from restaurants, Spencer Smith Park, and shops, residents also enjoy exceptional amenities like an outdoor bar, fitness centre, and pool. Don't miss out on this amazing opportunity to call this spot your home! (id:51158)

For Sale$699,000

5070 Fairview Street Unit# 101

Burlington, Ontario

1 Bedrooms2 Bathrooms920 sqft

Welcome to Suite 101 at 5070 Fairview Street—a spacious main floor unit offering over 900 sq ft of living space, plus underground parking and a locker. This well-designed suite features separate living, dining, and working areas, with a private primary bedroom retreat. The 9-foot ceilings, wide plank flooring, and frosted glass doors bring elegance to the open concept layout. The large kitchen includes stainless steel appliances, quartz countertops, high-end cabinetry, and an oversized peninsula for ample counter space and storage. It opens to a spacious dining area with double sliding doors leading to a cozy ground-level terrace. There is also office space perfect for the days you work from home. The foyer offers convenient features like a walk-in laundry, pantry/utility room. Spacious powder room, and a large closet for extra storage. The primary suite has a large walk-in closet and an ensuite bathroom, providing a comfortable private retreat. Appleby GO Station is within walking distance, and there's easy access to the QEW. You'll also be close to shopping, dining, Sherwood Forest Park, and biking paths. Suite 101 combines luxury, comfort, and convenience in a prime Burlington location. One of the best units in the building. (id:51158)

For SaleOPEN HOUSE$449,900

2010 Cleaver Avenue Unit# 204

Burlington, Ontario

1 Bedrooms1 Bathrooms639 sqft

Stylish 1 bedroom/1 bath apartment in Burlington's wonderful Headon Forest community, perfect for first-time home buyers or retirees! Close to major highways, FreshCo shopping plaza, scenic trails, restaurants and plenty of great amenities. Updates include interior doors (2022), laminate flooring (2021) and reno'd bathroom (2021). Open concept dining & living room with walk out to private covered balcony. Kitchen with stainless steel appliances and breakfast bar. Spacious bedroom with large closet. Convenient in-suite laundry and plenty of storage. Unit includes one locker and one underground/covered parking space. Access unit via elevator or outdoor stairs. Move-in ready and priced to sell! (id:51158)

For SaleOPEN HOUSE$1,989,000

332 Swinburne Road

Burlington, Ontario

4 Bedrooms3 Bathrooms2605 sqft

This incredible home is situated on a quiet street in Roseland and has been COMPLETELY & NEWLY RENOVATED INSIDE AND OUT! Boasting top quality finishes and situated on a private 61-foot x 115-foot lot, this is the perfect home for young families and empty nesters/retirees alike. Featuring 3+1 bedrooms, 3 full bathrooms and a stunning open-concept floor plan, this home is a must-see. The main floor has vaulted ten-foot smooth ceilings with pot lights and wide plank engineered hardwood flooring. The kitchen is wide open to the living / dining rooms and features 2 skylights, custom cabinetry, a large island, quartz counters & backsplash, gourmet stainless steel appliances and backyard access! The main floor also includes a mudroom with custom built-ins and garage access. The top floor of the home includes 3 bedrooms and a spa-like bathroom with heated flooring, dual sinks and ensuite privileges. The lower level is filled with natural light and includes a large family room, 4th bedroom, 3-piece bathroom with heated flooring and a separate WALK UP to the backyard! The lowest level includes another family room / rec room, 3-piece bathroom with heated flooring, a large laundry room and plenty of storage! The exterior of the home boasts amazing curb appeal, a fully fenced yard with a large stone patio, and a single car garage with a DOUBLE WIDE driveway with parking for 4 cars! Situated in a quiet neighbourhood and close to all amenities- this home is completely move-in ready! (id:51158)

For Sale$1,599,998

4264 Vivaldi Road E

Burlington, Ontario

4 Bedrooms4 Bathrooms3072 sqft

Exceptional, Welcome to this meticulously executive home in Alton Village! Fabulous detached home with double door entry leads you to the welcoming foyer and open concept floor plan with high ceilings. Almost 3,000 sq feet of living space including fully finished basement featuring extra bedroom, full bathroom, built in closets and extra storage. Beautiful family room with gas fireplace and loads of natural light opens to large dining area. Spacious custom kitchen with quartz counters, S/S appliances, valence lighting, pot lights, large island and walk-out to yard. Stunning hardwood staircase leads you upstairs. The second floor features the Family room, you'll also find 4 generously sized bedrooms , primary bedroom, complete with a spa-like ensuite, closets, providing the perfect sanctuary to unwind after a long day. On this floor, a conveniently located and spacious laundry room. The residence is ideally situated in close proximity to all of life's necessities. Easy access to major highways, 403, 407, Plus, it's located near reputable schools and parks, Golf course, shopping plaza's making it an idyllic choice for families or young professionals seeking a blend of comfort, convenience and luxury! you'll enjoy the tranquility of suburban living while being just moments away from the vibrant amenities of Burlington. (id:51158)

For Sale$2,400,000

939 Teal Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms2219 sqft

Custom built designer home in sought after ‘Birdland’ in South Aldershot! This 4+1 bed, 3.5 bath home is the epitome of luxurious modern living. Impressive millwork and built-ins throughout, white oak flooring, and heated floors on all tiled surfaces. The focal point is the gourmet kitchen with 14ft island, gas fireplace, Jenn Air appliances, pot filler and incredible custom Oak hood. Step through the french doors to one of 2 serene backyard spaces. Upstairs the impressive details continue with 2 of the bedrooms featuring vaulted ceilings with beams, custom closets throughout and a full bath with double vanity. The primary bedroom boasts a walk-in-closet, coffee station w/sink and impressive 5-pce ensuite bath with Biagio Italian soaker tub and his/her showers! Convenient mud rm off the garage is perfect for backpacks and coats at the end of the day. Fully finished lower lvl offers a 5th bedroom with ensuite (ideal nanny or in-law suite!), rec room, walk-in wine cellar and wet bar. The mechanicals on this home are just as impressive as its design! A few notables include spray foam insulation, heated garage with EV charger and epoxy flooring, new 200amp panel, upgraded 1” water line from the street, 3 separate gas lines along the perimeter of the home, and fully waterproofed foundation. Enjoy the tranquillity of the neighbourhood with its gorgeous tree canopy and proximity to the waterfront and Burlington Golf & Country Club. Close to downtown, shopping GO Train, and schools. (id:51158)