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$2,975,000

4195 Spruce Avenue

Burlington, Ontario

4 Bedrooms4 Bathrooms3160 sqft

An amazing, bright two-storey home, completely renovated with charm and warmth from the moment you walk in. This 4-bedroom, 4-bath property spans over 3,100 sq ft, blending classic appeal with modern upgrades. The main level features heated tile floors, a spacious dining room with a retro wood-burning fireplace, and a chef’s kitchen with high-end appliances, including a GE Monogram stove and Dacor refrigerator—ideal for those who love to entertain. Upstairs, the massive primary suite offers a gas fireplace, custom wardrobes, and a luxurious ensuite with a steam shower and soaker tub. Plus one of the 3 remaining bedrooms on the second floor has its own private ensuite. The fully finished basement includes a rec room, laundry room, and ample storage. Outside, the private backyard is an oasis, complete with a saltwater heated pool, custom Italian cobblestone patio, mature grapevines, and a large gazebo. With a freshly painted exterior, updated systems, and a double-wide driveway, this home offers both charm and convenience in Burlington's popular Shoreacres neighbourhood, close to parks, schools, and just a 5-minute walk to Paletta Lakefront Park. (id:51158)

For Sale$629,999

500 Brock Avenue Unit# 1301

Burlington, Ontario

1 Bedrooms1 Bathrooms634 sqft

Experience luxury living at the Illumina Condominium in downtown Burlington, a prestigious development by Molinaro Group completed in 2023. This residence epitomizes convenience with an impressive 86 WalkScore, placing it mere steps from the lake, Spencer Smith Park, and the upscale shops/restaurants along Brant St. Inside, discover a stunning kitchen with stainless steel appliances, a master bedroom featuring custom closets, oversized 4-pce bathroom, and 9-foot ceilings throughout. Step onto your private balcony to soak in breathtaking views of Lake Ontario. This Building offers exceptional amenities including the hotel-inspired lobby, attentive 24/7 concierge service, party and games rooms, a rooftop patio with BBQs and lake views, secure bike storage, and a fully equipped gym. This unit comes complete with one locker and an underground parking spot. Professionally interior designed- all furniture is negotiable. (id:51158)

For Sale$450,000

1377 Lakeshore Road Unit# 108

Burlington, Ontario

1 Bedrooms1 Bathrooms780 sqft

An unbeatable location for this updated, bright & spacious, 1 bedrm corner unit at Lakeside Heights in downtown Burlington, directly across from Spencer Smith Park, literally steps to lake, trails, & hospital, a minute to QEW/403/407, & surrounded by just about every other amenity. Lakeside Heights is the premier co-op building in Burlington. This unit features 780sqft, an updated kitchen w/quartz CTs, brand-new SS fridge, stove, & range hood, backsplash, new sink & faucet, quality cabinetry w/soft-close drawers, & a pantry, a dining area off kitchen, a large living rm w/lots of windows, a spacious primary bedrm w/mirrored closet, an updated 4pce bath w/new vanity, porcelain CT, faucet, showerhead, toilet, vinyl floors, & reglazed tub & wall tile, quality hardwood floors T/O, updated light fixtures, lots of closet/storage space, & fresh paint T/O. This unit is in a great location in the building, just a few steps to laundry, storage locker, & parking. The building has a great community feel, is very quiet, extremely well maintained, has a great condo committee, & a healthy reserve fund. The building also has an elevator, onsite laundry facility, & ample visitor parking. The monthly fee includes PROPERTY TAX, heat, water, cable, internet, storage locker, & exclusive parking space. Adults only. No rentals/leasing. No pets other than service animals. This unit shows pride of ownership, has many very recent updates, & is move-in ready! Don’t wait & miss this one! Welcome Home! (id:51158)

For Sale$959,900

551 Maple Avenue Unit# 1202

Burlington, Ontario

2 Bedrooms2 Bathrooms1300 sqft

Welcome to 1202-551 Maple Ave, a sophisticated 2-bedroom, 2-bathroom condo in the upscale Strata building, offering hotel-like luxury and convenience. This bright, open-concept unit boasts modern finishes, including sleek quartz countertops and stainless steel appliances in the updated kitchen. The spacious living area is illuminated by floor-to-ceiling windows, leading to a private balcony with stunning views of Lake Ontario. This suite comes with 2 deeded parking spots, a locker for extra storage, and access to Premium amenities such as a 24-hour concierge, Business Centre w/wifi, BBQ Area, fitness centre, yoga studio, indoor pool w/ sauna, Games/Party Room, Zen Garden and a Rentable Guest Suite for Out of town Family and Friends to enjoy. This condo provides an effortlessly elegant lifestyle. Minutes to the Lake with walking Trails, Beach and all your Shopping and Restaurants minutes away. (id:51158)

For Sale$1,149,000

1098 Stephenson Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms1473.98 sqft

Fantastic 2 storey family home in a great neighborhood ! 3 generously sized bedrooms with updated flooring, windows, roof, bathrooms, and more. Cozy Main floor family room features a cathedral ceiling & gas fireplace (as -is). Separate living & dining rooms with lovely hardwood. Primary bedroom boasts a walk in closet and ensuite privileges to updated main bath with granite counter and soaker tub. In the Finished basement you'll love the large rec room with additional 2 piece bath. Walk to the lake, schools, parks and shopping! Brand new flooring in foyer and kitchen. Roof done in 2023 (id:51158)

For Sale$634,900

2087 Fairview Street W Unit# 1805

Burlington, Ontario

2 Bedrooms2 Bathrooms725 sqft

Welcome to this beautiful 18th floor West facing luxury condo with an extended 20+ ft balcony. This award winning Paradigm building spares no expense, featuring 2 spacious bedrooms, an ensuite bathroom, walk-in closet, and 4 pc bath. Loads of natural light, breathtaking views of the lake and escarpment, this condo is a modern gem. Packed with amenities Live Work Play, 24th floor features 3rd party room, office workspace, pool, dry sauna, gym, basketball court, 2 large entertainment equipped with full kitchen for entertaining, large media room. BBQs & large open terrace for entertaining your family and friends. Underground parking and locker, convenience is at your finger tip, plus situated next to Brant GoTrain, commuting is effortless, excellent walking score transportation & bonus walking distance to downtown Burlington loads of shopping and amenities. (id:51158)

For Sale$899,990

1513 Upper Middle Road Unit# 3

Burlington, Ontario

3 Bedrooms4 Bathrooms1500 sqft

:Welcome to your dream townhouse in the charming village of Nelson Heights. This beautifully updated two-story townhouse features three spacious bedrooms and four modern bathrooms, providing plenty of space and privacy for your family. The end unit layout ensures a quiet serene atmosphere making it a perfect retreat from the hustle and bustle Enjoy the convenience of two car parking as well as access to community amenities like a sparkling pool and tennis court ideally located just 20 minutes from major highways IKEA Costco Mapleview Center, Burlington centre and surrounded by numerous schools and parks. This home offers the best of both comfort and convenience with stunning renovation throughout this townhome is a move-in ready and waiting for you to make it your own . (id:51158)

For Sale$899,000

1041 Plains View Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1627 sqft

The lifestyle you've been dreaming of in West Aldershot! This charming home sits on a generous 40' X 120' pool sized lot in a family-friendly neighborhood, just a short walk to Royal Botanical Gardens, parks, trails & lake. Easy access to GO Station, amenities & highways. Boasting wonderful curb appeal, with a lovely wood front porch and solid cherry front door. With parking for 5 cars & separate garage. The 1627 SF of total finished living space includes a bright living room with a fireplace and remote-control blinds, flowing into an updated designer kitchen. The kitchen is a chef's dream with white cabinets, a gas range, farmhouse sink, breakfast bar, quartz counters & newer SS appliances. The main floor bedroom (currently fitness room) includes a renovated 4PC bathroom with heated floors and a barn door. Use the charming wrought iron staircase to the primary bedroom offering 4 skylights, wood floors, an electric fireplace, and a 3PC ensuite with heated floors. The basement is perfect for guests, with a 3rd bedroom and office. Step outside from a lovely mudroom with loads of storage and 4 garden doors, to a large private rear yard with a hot tub, composite decking, patio, and ample grass space. UPDATES: Roof (‘21), Skylights (‘20), Upgraded spray foam insulation, hot tub Heater (‘22), hot tub pump (‘24) Plus, remotes for fireplaces, main floor blinds, lotus lights in sunroom. This home is a perfect blend of comfort and luxury in a prime location. Don't miss out! (id:51158)

For Sale$2,325,000

4306 Lakeshore Road

Burlington, Ontario

5 Bedrooms3 Bathrooms2133 sqft

The best-kept secret is this beautifully renovated and sprawling L-shaped bungalow, offering perfection from top to bottom, just steps from the Lake. Large windows illuminate the kitchen and spacious dining room, creating an ideal space for entertaining. The completely renovated lower level serves as an in-law suite, teen suite, or guest suite. This home features a double car garage with inside entry, a professionally landscaped backyard, and a private road for residents only. Plus deeded access to the waterfront for owners. Don't miss your chance to see this exceptional property. (id:51158)

For Sale$569,000

1940 Ironstone Drive Unit# 216

Burlington, Ontario

2 Bedrooms2 Bathrooms580 sqft

Stunning 1 bedroom plus a den, 1.5 bath unit located in north Burlington! Boasting almost 600 square feet PLUS an oversized terrace! This unit offers a great open concept floor plan with beautiful finishes and plenty of natural light! There are 9-foot ceilings and beautiful flooring throughout. The kitchen features rich wood cabinetry, stone counters, a large peninsula with space for 3 stools and stainless-steel appliances! The kitchen opens to the oversized family room with plenty of natural light and terrace access. The is also a den that offers additional storage, a 2-piece powder room, in-suite laundry and plenty of storage space. The primary bedroom has a 4-piece ensuite and large closet. This unit also includes 1 storage locker and underground parking space! The building offers beautiful amenities including an exercise room, games room, party room, rooftop terrace & visitor parking. Conveniently located close to all amenities! (id:51158)

For Sale$2,149,000

6490 Panton Street

Burlington, Ontario

5 Bedrooms4 Bathrooms3953 sqft

If you love the soothing sounds of birds, rustling leaves & the serenity of nature this location is for you! Nestled on a quiet street in Kilbride. This expansive 66’ x 264’ property offers a private oasis complete with a patio, hot tub & a 600 sq ft outbuilding. (Outbuilding could be converted into a 2 car garage). This charming Cape Cod home boasts 3600 + sq ft of luxurious total living space. The main floor features a primary bedroom with a beautiful renovated spa-like ensuite & upstairs you’ll find 3 large bedrooms & a stylish 4 piece main bath. The main level renovated in 2023 with convenient mudroom/laundry area, 2 piece powder room & family room featuring vaulted ceilings, stone gas fireplace & an alcove filled with natural light creates a cozy nook. Updated white kitchen complete with quartz countertops, stainless steel appliances & spacious eating area opens to a private patio with a hot tub. The newly finished lower level in 2022 features a recreation room, bedroom, den & 3 piece bath. Plenty of storage & excellent in-law suite potential makes this space is functional & versatile. You can’t beat this location! Just steps from Kilbride Public School, parks & scenic trails, with skiing at Glen Eden nearby and golf courses. Highway access to Toronto, Burlington & Hamilton for ultimate convenience. Propane tank is owned. Ready to elevate your lifestyle? This home is perfect for a growing family that loves outdoor living. Schedule your private showing today and make this dream home yours! (id:51158)

For Sale$699,900

320 Plains Road E Unit# 312

Burlington, Ontario

2 Bedrooms2 Bathrooms900 sqft

Highly desirable Rosehaven Affinity conveniently located in trendy Aldershot close to restaurants, shops, public transportation and GO Station. 900 sq ft, 2 bedroom 2 bathroom locker on same level. Open concept Great Room, customized kitchen, Stainless Stove, Fridge , microwave, over counter lighting, centre island, Corian countertops. Graciously finished with all the right touches. Very friendly professional building with executive level features in lobby & lounge. Amenities include rooftop furnished terrace 2 BBQ's & Fireplace, Yoga, billiards, party room & professional gym. Tres Chic for today's young professionals with a busy lifestyle and active retiree's. Pet friendly with limitations. (id:51158)