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$1,899,900

308 Appleby Line

Burlington, Ontario

3 Bedrooms4 Bathrooms2945 sqft

Exceptional home! This custom-built home is only 2 years new and sits in the highly sought-after Shoreacres neighbourhood. This 2-storey home is 3+1 bedrooms, 3.5 bathrooms and is approximately 2250 square feet plus a fully finished lower level! The main floor consists of a roomy foyer which opens to a large formal dining room with coffered ceilings that is connected to the kitchen by a servery. The gourmet kitchen has a large island, stainless steel appliances, quartz counters, stunning white custom cabinetry and a beautiful backsplash. The kitchen opens to a spacious family room with a soaring 2-storey ceiling, a gas fireplace with feature wall and backyard access. There is also a powder room and functional mud-room with garage access! The second floor of the home includes 3 spacious bedrooms including the primary with a large walk-in closet and spa-like 4-piece ensuite. The 5-piece main bath includes access to both bedrooms and has dual sinks. There is also bedroom level laundry! The lower level includes a 4th bedroom, rec room, 3-piece bath, wet bar and plenty of storage! The exterior of the home includes a 4-car driveway, irrigation system, beautiful curb appeal and a large private backyard. A FEW of the features of this incredible home include: wide-plank engineered flooring on the main and upper levels, 9 ft smooth ceilings with pot lights throughout. (id:51158)

For Sale$4,998,000

136 Avondale Court

Burlington, Ontario

5 Bedrooms5 Bathrooms4038 sqft

Experience modern elegance in this stunning home, with over 5900 square feet of living space, located just steps from the lake on one of Burlington’s most prestigious streets. Offering 4+1 bedrooms, including two luxurious primary suites, and 5 bathrooms, this home is thoughtfully designed for both comfort and style. The gourmet kitchen features sleek stainless-steel cabinetry, a Wolf 8-burner stove with double ovens, and a spacious island, perfect for culinary enthusiasts and entertaining. Floor-to-ceiling windows fill the home with natural light, highlighting the rich hardwood flooring throughout. Upstairs, enjoy an expansive terrace with breathtaking lake views—a serene space for morning coffee and incredible sunrises. The lower level is a fully self-contained suite, complete with a kitchen, sitting area, recreation and games space, dining area, a bedroom, and a bathroom, making it ideal for guests or multi-generational living. The fully fenced backyard is a true oasis, featuring a saltwater pool, hot tub, BBQ area, and a cozy sitting area with a fireplace, perfect for outdoor gatherings or quiet relaxation. This exceptional property blends luxurious living, outstanding views, and a coveted location. (id:51158)

For Sale$1,275,000

1477 Lakeshore Road Unit# 304

Burlington, Ontario

2 Bedrooms2 Bathrooms1407 sqft

Welcome to Bunton's Wharf, an elegant lakeside retreat in the heart of downtown Burlington. This stunning condo offers breathtaking lake views from a spacious balcony and features two generously sized bedrooms and two beautifully appointed bathrooms. Designed for both style and comfort, it boasts 9 ft ceilings, LED pot lights, and rich maple/hand-scraped engineered flooring. The gourmet kitchen is a culinary masterpiece, equipped with high-end Fisher & Paykel appliances, a sleek two-drawer dishwasher, granite countertops with a breakfast bar, and an oversized walk-in pantry with the in-suite washer and dryer. Both bedrooms provide walk-in closets and bay windows, perfectly framing the serene lake vistas. The open dining and living areas exude sophistication, enhanced by crown moulding and an exquisite Swarovski crystal chandelier ideal for entertaining or unwinding. Exclusive building amenities include two fitness centres with a golf simulator, a rooftop heated pool with a terrace and BBQ area, and a resident laundry facility. This unit includes underground parking and a same-floor locker. Two pets, up to 20 lbs each, are welcome to share your luxurious lifestyle. Located just steps from Spencer Smith Park, waterfront trails, fine dining, boutique shopping, and Joseph Brant Hospital, this condo offers seamless access to the QEW, 407, and GO Transit. With its unrivalled elegance and prime location, this home offers the perfect blend of luxury and convenience. (id:51158)

For Sale$689,990

340 Plains Road E Unit# 411

Burlington, Ontario

2 Bedrooms2 Bathrooms894 sqft

Experience peaceful living in the vibrant Aldershot community with Unit 411 in the highly sought after Affinity Condos by Rosehaven! This 2 bed 2 bath unit features 2 underground parking spots (tandem) and storage locker located on the same level. The large second bedroom and ample living space is perfect for a new family or working professional looking to upgrade their home office. Conveniently located just minutes from Aldershot GO Station, Highway 403, Mapleview Mall, schools, Spencer Smith Park, and a wide variety of dining and entertainment options, this condo is the perfect blend of comfort and convenience. Amenities include rooftop patio, gym, meeting room, party room and plenty of visitor parking. Book your private showing now! Virtually Staged. (id:51158)

For Sale$1,299,900

2031 Headon Forest Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms3024 sqft

Welcome to this 4 bedroom, 3.5 bath family home, conveniently located steps from trails and within walking distance to shopping, parks, schools & transit. Freshly painted with newer flooring and light fixtures on all 3 levels. Main level is complete with eat-in kitchen, living/dining room combo, separate family room with wood burning fireplace and sliding door to yard, powder and laundry rooms. The basement offers extra living space, is fully finished and features a wood burning fireplace and 3 piece bath. Rear yard is fully fenced for privacy and boasts an in-ground salt water pool. Double garage and double drive. HVac & Roof updated (id:51158)

For Sale$1,249,900

697 George Street

Burlington, Ontario

4 Bedrooms2 Bathrooms1261 sqft

Welcome to 697 George Street, a beautifully maintained bungalow in the highly sought-after Central Burlington. Excellent curb appeal with a thoughtfully landscaped front and back yard, complemented by an inviting covered front porch. Inside, modern upgrades feature oak hardwood flooring & potlights throughout the main floor. Main level includes modern kitchen with stainless steel appliances & granite countertops & roughed-in main floor laundry. Open concept spacious living area with cozy fireplace, dining area filled with. natural light from large windows. Three well-sized bedrooms & 4pc bathroom complete the floor. Freshly painted lower. level (2024), features updated windows (2024), separate entrance, upgraded second kitchen (new stove, sink, & cabinets in 2024), 4th bedroom, newly updated 3pc bathroom (2024) & large rec room, perfect for extended family or rental income. Fully fenced private yard offers beautifully arranged landscaping & garden shed. Additional updates include upgraded hydro service & panel (from 100A to 200A, 2024), main floor windows (2016), furnace replaced (2015), new shed & deck (2017). Ideally located just minutes from YMCA, downtown, library, schools & GO train station. (id:51158)

For Sale$849,900

370 Martha Street Unit# 210

Burlington, Ontario

2 Bedrooms2 Bathrooms741 sqft

Are you ready to live in Luxury? Nautique Lakefront Residence is a way of life that combines world class amenities with easy living. This model is the most desired in the building. The best end unit layout featuring 2 Bedrooms with 2 full bathrooms. You will fall in love with the 741Sqft of sundrenched space featuring an open concept design with modern kitchen with island, floor to ceiling windows, high ceilings, unobstructed views of the rooftop garden, Bedroom with 4pc. ensuite and walkout to a relaxing spacious Terrace with room for lounge area and dining. The Amenities will feel like you are at a high end hotel. Outdoor lap pool surrounding by a grill kitchen and fire pit lounge area, Gym and Yoga studio overlooking the lake, 20th Floor Skylounge with full views of the lake and a party room. for your convenience and safety, there is 24HR concierge. there is 1 Underground spot and 1 Locker. Walk to the lake, Spencer Smith, walking/biking trails, restaurants sporting live music and shopping and go station nearby. (id:51158)

For Sale$724,900

500 Brock Avenue Unit# 1103

Burlington, Ontario

2 Bedrooms2 Bathrooms830 sqft

Welcome to this breathtaking, brand new 2-bedroom, 2-bathroom condominium in the heart of downtown Burlington! This modern, high-end unit boasts spacious living with expansive windows that flood the space with natural light and offer incredible views of the city, Lake Ontario, and The Escarpment. Enjoy your own private balcony, perfect for relaxing and taking in the surroundings. Designed with comfort and convenience in mind, this sleek unit features an open-concept layout with top-tier finishes throughout. The kitchen is a chef’s dream, with contemporary cabinetry, stainless steel appliances, and ample counter space. The living and dining areas are perfect for entertaining or enjoying quiet evenings at home. Both bedrooms are generously sized, and the primary suite includes a luxurious ensuite bathroom with modern fixtures. Building amenities include; 24-hour security for peace of mind, fully-equipped fitness room for your convenience, spectacular rooftop terrace with panoramic views of the city and lake – ideal for outdoor gatherings and relaxation. Additional features include one underground parking space and a separate storage locker to meet all your storage needs. Located just steps from Burlington’s vibrant downtown, you’ll have easy access to trendy shops, cafes, restaurants, parks, and the waterfront. This is urban living at its finest – book your showing today and make this spectacular condo your new home! (id:51158)

For Sale$1,049,000

399 Elizabeth Street Unit# 611

Burlington, Ontario

3 Bedrooms2 Bathrooms1322 sqft

Embrace the best of downtown Burlington living in this stunning 1322 square foot condo at The Baxter! This luxurious residence offers a spacious split floorplan, with two bedrooms, two bathrooms, and a versatile den—perfect for a home office or guest room. The modern kitchen boasts granite countertops, an island with a breakfast bar, and a wine fridge, making it ideal for entertaining. The main living area features beautiful hardwood floors and ample space for both dining and relaxing. The primary bedroom is enhanced with a walk-in closet and four-piece ensuite. Step out to your expansive terrace-sized balcony or enjoy premium building amenities, including a party room, gym, rooftop terrace, and more. With side-by-side parking and just steps from Burlington's top shopping, dining, and the waterfront, this condo truly has it all! Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$1,388,800

2378 Headon Road

Burlington, Ontario

5 Bedrooms2 Bathrooms2728 sqft

Attention car enthusiasts, multi-generational families, and home-based business owners! Welcome to the ultimate property in Burlington’s Headon Forest! This custom-built, beautifully maintained 4-level side-split is designed with both space and versatility in mind—perfect for those with unique needs for work and play. A car lover’s dream, the expansive driveway accommodates up to 10 vehicles with ease, complemented by an oversized, heated 2-car garage, complete with an updated garage door and a 60-amp electrical panel ideal for vehicle maintenance, storage, or a workshop setup. Multi-generational families and those needing in-law space will appreciate the home’s spacious and flexible layout, allowing for privacy and comfort across its four levels. The updated kitchen (2022) features new stainless steel appliances and modern finishes, opening to generous living areas that are perfect for hosting, relaxing, or large family gatherings. For home-based business owners, landscapers, and hobbyists, this property is a rare find. The garage’s upgraded power supply and 30-amp panel in the shed provide excellent support for power tools, equipment, and other operational needs. Additional updates include soffits, eavestroughs, shingles, and attic insulation (all completed in 2017). Enjoy the beautifully landscaped grounds with ample outdoor space, perfect for those needing extra storage or room for work vehicles, tools, or projects. Situated near top-rated schools, scenic parks, and everyday conveniences, this property blends practicality with luxury in an unbeatable location. Don’t miss your chance to own this Headon Forest gem, tailored for those who need both space and specialized functionality! (id:51158)

For Sale$5,499,999

2284 Side 1 Road

Burlington, Ontario

2 Bedrooms3 Bathrooms6350 sqft

Incredible one year old modern home, 4650 sq ft of above grade living space, with 1700 sq ft finished walk up basement. Enjoy the beautiful views of Escarpment and Lake Ontario, backing on to the Bruce trail and farm land. Five bedrooms all with ensuits, a Nanny suite with separate entrance. Three extra powder rooms (total 8 bathrooms) for convenience. Take in beautiful sunrises from the east and watch breathtaking sunsets in the west from this one acre lot. This home has been designed with ease of living, allowing 22 parking spots on this one acre lot. The backyard has plenty of space to design your own oasis. Convenient country living on Burlington's prestigious #1 sideroad, only minutes away from all amenities. (id:51158)

For Sale$599,000

975 Warwick Court Unit# 1107

Burlington, Ontario

3 Bedrooms2 Bathrooms1110 sqft

This spacious open-concept condo in Aldershot offers 3 bedrooms and 1.5 bathrooms in a prime location close to the highway and GO station. The unit features a modern kitchen with a convenient walk-in pantry, providing ample storage space. The primary bedroom includes a walk-in closet and a 2-piece bathroom. You’ll also enjoy a generously-sized balcony. Situated near all essential amenities, the building offers fantastic extras, including an indoor inground pool, gym, sauna, party room, and ample visitor parking. (id:51158)