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$505,888

5010 Corporate Drive Unit# 239

Burlington, Ontario

1 Bedrooms1 Bathrooms545 sqft

Welcome to your new home in the heart of North Burlington's sought-after Corporate neighborhood! This sophisticated one-bedroom, one-bathroom condo offers modern living at its finest. Step inside to discover a thoughtfully designed living space featuring high-end finishes and abundant natural light. The open-concept layout seamlessly connects the stylish kitchen, cozy living area, and elegant bedroom, creating a perfect environment for both relaxation and entertaining. One of the standout features of this condo is the expansive rooftop terrace, offering breathtaking views of the city skyline and a private oasis to unwind or host gatherings. Whether you're enjoying a morning coffee or an evening under the stars, this outdoor space adds a unique touch of luxury to your daily life. You'll enjoy easy access to nearby amenities, vibrant dining options, and convenient transportation links. Don’t miss the opportunity to own this exceptional condo in one of Burlington's most desirable areas. Don’t be TOO LATE*! *REG TM. RSA (id:51158)

For SaleOPEN HOUSE$2,200,000

3472 Spruce Avenue

Burlington, Ontario

5 Bedrooms4 Bathrooms2950 sqft

Splendid on Spruce! Prepare to fall in love with this beautifully updated Roseland home in one of South Burlington's most desirable neighbourhoods! You are immediately greeted by a gorgeous front porch - the epitome of charm - before entering into this traditional 2-storey model that has been fully renovated, opening up the space to create both flow and style. Two living spaces on the main level offer versatility and function, begging for visitors or movie marathons. The custom kitchen was designed with the chef in mind and features built-in appliances, quartz countertops, tons of cabinetry, and a large centre island that's ideal for culinary creations or entertaining friends. Host family feasts in the dining area, with a sleek gas fireplace and oversized windows letting in all that glorious natural light and showcasing views of your private backyard. When it's time to unwind, retire to the primary suite, complete with a luxurious ensuite with double vanity and walk-in shower. Three more well-sized bedrooms and a beautifully designed main bathroom ensure there’s plenty of space for everyone. Retreat to the fully finished basement with huge rec space and separate walk-up entrance, leading you to your own outdoor paradise, with an inground pool that’s just waiting for summer fun. Whether you’re hosting epic barbecues or just soaking up the sun, this backyard is your personal escape. This home is packed with stylish finishes, a super convenient laundry/mud room off of the garage, a main floor office, a versatile 5th bedroom in the basement that can easily transform into a 2nd office, playroom or gym. With updated plumbing, electrical systems, and designer light fixtures, every little detail has been carefully curated. And let’s not forget, the highly sought-after Tuck Elementary is just steps away. With parks, walking trails, and local amenities so close, this property offers the perfect mix of luxury and convenience. Don’t let this exquisite property slip away! (id:51158)

For SaleOPEN HOUSE$2,595,000

2159 Britannia Road

Burlington, Ontario

4 Bedrooms5 Bathrooms3537 sqft

Welcome to Your Country Retreat: A Spacious 5-Bedroom, 5-Bathroom Home! Nestled in the countryside of North Burlington, this exceptional home offers the perfect blend of comfort and versatility for multi-generational living or large gatherings. With five generously sized bedrooms and five well-appointed bathrooms, this home ensures ample space and privacy for everyone. Two of the bedrooms feature luxurious en-suite bathrooms, making them ideal for multiple families or guests. The large mostly finished basement adds even more flexible space, catering to a variety of needs or hobbies. The heart of the home, the great room, boasts expansive windows that overlook a sprawling backyard with lush gardens and an inviting saltwater pool retreat. Step beyond the backyard and further immerse yourself in nature with seamless access to the scenic Bruce Trail. Entertainers will appreciate the 3-car garage and the long driveway, providing abundant parking space for family and friends. Experience the tranquility of country living while enjoying the convenience of modern amenities in this remarkable property. Don’t miss the opportunity to make this unique home yours! (id:51158)

For Sale$649,888

2093 Fairview Street Unit# 1702

Burlington, Ontario

2 Bedrooms2 Bathrooms809 sqft

Charming 2-bedroom, 2-bathroom corner suite in the Paradigm East Tower! This 809 sq.ft. unit offers a spacious, open-concept layout with abundant natural light. Ideally located just a short walk from downtown, the Burlington GO station, major highways, shopping centers, and a variety of restaurants. The primary bedroom includes an ensuite bathroom for added convenience. The unit features upgraded flooring, kitchen cabinets, quartz countertops, and stainless steel appliances. Enjoy the luxury of two separate balconies with spectacular views of the escarpment, lake, and downtown Toronto. The building is packed with amenities, such as a 24-hour concierge/security service, indoor pool, basketball court, sauna, fitness center, guest suites, party/media/games rooms, sky lounge, rooftop deck, outdoor fitness area, pet run/washing station, and underground visitor parking. Comes with one underground parking space. (id:51158)

For Sale$1,229,999

2299 Fassel Avenue

Burlington, Ontario

4 Bedrooms2 Bathrooms2266 sqft

A Burlington Classic Bungalow!!! An oasis in the city! Enjoy an urban lifestyle in a nature-filled setting in this charming 3+1 bedroom bungalow located in the convenient Glenwood Park neighbourhood of Burlington. This rarely offered home has a perfect layout with a sizeable living/dining room area that invites you into a stunning sunroom! The living room itself features a bright bay window and gas fireplace. From the dining room you can enjoy the views of the expansive landscaped grounds through the panoramic sunroom windows. The custom kitchen is a cook's delight featuring a high-end Wolf gas stove with easy access to all cookware. There's a well appointed pass-through counter bar which opens into the sunroom making indoor entertaining a breeze. Once outside, the park-size backyard features a stone patio, interlock walkway, and gas fire pit complemented by the trickling water of the nearby pond and waterfall. Soak up the zen vibe as you relax in the lush green garden that hosts a variety of plants, flowers and bushes as well as friend and family gatherings! The nicely finished basement boasts a cozy recreation room with a bar area and gas fireplace. There's also the added benefit of a very spacious guest bedroom adjacent to a combined bathroom/laundry room. A separate backyard entrance makes converting this basement to an in-law/nanny suite a very viable option. An outstanding opportunity whether you're upsizing, downsizing, or rightsizing - this home checks all the boxes - making it the perfect fit! A well-loved home just waiting for you! This home is all about location, location, location! Nestled in a great school district, within walking distance to the Burlington GO, shopping centres, and many other amenities. Easy access to Hwy 403/QEW and just a few minutes from Burlington's fabulous waterfront! Don't miss out on this true hidden gem! And come see why Burlington consistently gets rated as one of Canada's best cities to live! (id:51158)

For Sale$1,349,000

1061 North Shore Boulevard E Unit# 13

Burlington, Ontario

3 Bedrooms4 Bathrooms1859 sqft

Updated 2 storey end unit townhome in prime south Burlington location just steps to downtown, the waterfront/beach, Burlington Golf & Country Club, LaSalle Park Marina, highway access, hospital, schools, parks and more! 1,859 sq.ft. + a fully finished lower level with inside entry from a double garage. Main level primary bedroom with 4-piece ensuite and walk-in closet. Updated eat-in kitchen with granite, stainless steel appliances and pot lighting. Spacious living room with gas fireplace and walkout to a deck and patio overlooking a unique and oversized private side yard perfect for entertaining and enjoying the outdoors! Upper level features two additional bedrooms and a 3-piece bathroom. Other features include 9' ceilings on the main level, hardwood floors, crown moulding, wainscoting and a separate dining room. 3 bedrooms and 3.5 bathrooms. (id:51158)

For Sale$739,000

1201 North Shore Boulevard E Unit# 606

Burlington, Ontario

2 Bedrooms2 Bathrooms1330 sqft

Welcome Home to this fantastic 2-bedroom, 2-bathroom condo in beautiful downtown Burlington! Enjoy gorgeous views of Lake Ontario from your private balcony, just steps away from Burlington Beach and Spencer Smith Park. The spacious kitchen offers ample storage, perfect for culinary enthusiasts. A versatile bonus sunroom awaits, ideal for a home office, reading lounge, or cozy morning coffee nook. With the convenience of Joseph Brant Hospital right across the street and an array of local restaurants and shops within walking distance, this location is unbeatable. Experience the perfect blend of comfort and urban living in this spectacular waterfront community! (id:51158)

For Sale$534,900

1270 Maple Crossing Boulevard Unit# 409

Burlington, Ontario

2 Bedrooms2 Bathrooms1072 sqft

Welcome to this wonderful 2-bedroom, 2-bathroom corner unit, perfectly situated in downtown Burlington near Spencer Smith Park! This bright and airy home features large windows that fill the space with natural light and provide relaxing greenspace views. The kitchen offers ample storage and counter surface, making meal prep a breeze. Enjoy the bonus room, which is perfect for a home office, and benefit from the widened primary bedroom door allowing for wheelchair accessibility. Take advantage of nearby beautiful trails, fantastic restaurants, and charming shops, all within walking distance. With the convenience of in-suite laundry, a welcoming layout, and 24 hour concierge and security, this condo is perfect for modern living. Do not miss the chance to make this vibrant community your new home! (id:51158)

For Sale$648,500

2035 Appleby Line Unit# 401

Burlington, Ontario

2 Bedrooms2 Bathrooms1082 sqft

Enjoy the charm of condo living at the Orchard Uptown mid-rise complex, located in a prime Burlington location. This spacious top-floor corner suite boasts vaulted ceilings and stunning escarpment views. With over 1,000 square feet, this 2-bedroom, 2-bathroom suite features an open-concept living and dining area, highlighted by a cozy natural gas fireplace and beautiful hardwood floors.The expansive kitchen offers generous counter space and ample storage, making it perfect for novice home cooks and home chefs alike. Enjoy easy access to the west-facing balcony, ideal for relaxing with a sunset view.Retreat to the generous primary bedroom, complete with plenty of storage and a well sized ensuite. The second bedroom also features hardwood flooring and a large closet, with convenient access to the 3-piece bathroom.Complex amenities include, car wash, exercise room with sauna, party room, and ample visitor parking. Located just steps from shopping, dining, and recreational facilities, transit, and major highways, this condo offers unparalleled convenience. Embrace the vibrant lifestyle of Burlington while enjoying the comfort and elegance of this exceptional suite! Suite repainted in 2023. Building improvements include underground parking waterproofed 2020-21; balconies waterproofed 2023, common area ceramic floors 2024, new windows 2024 (id:51158)

For Sale$1,049,900

1237 North Shore Boulevard E Unit# 903

Burlington, Ontario

2 Bedrooms2 Bathrooms1600 sqft

Discover luxury living in this beautifully renovated 2-bedroom, 2-bathroom condo, perfectly located in the heart of Burlington, steps from Spencer Smith Park. This spacious 1,600 sq. ft. unit boasts breathtaking lake views, 10’ ceilings, and a custom professional renovation completed in 2020, featuring upgraded hardwood floors, modern tile, premium fixtures, and a sleek kitchen with top-of-the-line appliances. Enjoy the convenience of remote-controlled blinds, fresh paint throughout, and 2 brand-new A/C units under warranty for added peace of mind. Step out onto your private balcony to enjoy the serene surroundings, or take advantage of the building’s first-class amenities, including an outdoor pool, BBQ area, gym, sauna, party room, and newly renovated common areas (2023/2024). This unit also comes with one parking spot and a locker for extra storage. Don’t miss the opportunity to call this luxurious condo with lakeside living your new home! (id:51158)

For Sale$869,900

442 Maple Avenue Unit# 801

Burlington, Ontario

2 Bedrooms2 Bathrooms1118 sqft

Rarely offered unit with lake views and extra large balcony in the iconic Spencer's Landing Building in beautiful downtown Burlington. Located directly across the street from Spencer Smith Lakefront, this complex offers exceptional luxury and hotel-style amenities in an all-inclusive building. This gorgeous 2 bed 2 bath unit has been meticulously renovated in 2020 including: Completely new kitchen & appliances, 2 fully renovated bathrooms, all new flooring throughout, smooth ceilings, custom cabinetry/closets, new doors & hardware, baseboards, window covers and light fixtures, pot lights, centerpiece stone electric 3-sided fireplace, barn door, and so much more. Every inch of this space has been beautifully transformed. Must be seen to be truly appreciated. Building amenities include: heat, hydro, water, building insurance, ample outdoor visitor parking (very rare), BBQ area, Indoor pool, Gym, Security, hot tub, saunas, party room, games room, guest suite, low priced high-speed Bell Fibe internet/Cable, and so much more. A lifestyle like no other, walking distance to everything downtown Burlington has to offer and direct access to 3 major highways and public transit. You cant ask for anything better. Book your showing today! (id:51158)

For Sale$3,295,000

4028 Millar Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms3583 sqft

Cottage living within city limits. Nestled on a hill is this stunning home in a spectacular setting. You will be captivated by the cozy open plan with gorgeous views from every window. This lovely home boasts a modern, large kitchen open to a spacious great room and a generous patio that overlooks the city. You will find 3 bedrooms and 2 full baths on this level. The lower level offers a charming family room with wood burning fireplace, an additional bedroom, full bathroom and office.(Could easily be an in-law suite with separate entrance). This 1.7 acre property has an incredible outdoor entertainment area with inground pool, outdoor kitchen, gas fireplace and seating area. This property is a nature lovers paradise with 2 ponds surrounded by a horseshoe rock quarry wall, home to a nesting pair of Great Horned Owls and a visiting Blue Heron. (id:51158)