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$1,599,999

4519 Concord Place

Burlington, Ontario

3 Bedrooms3 Bathrooms2617 sqft

Charming 3-level backsplit in the SOUGHT-AFTER Shoreacres neighbourhood! This 3+1 bedroom, 2.5 bathroom home has over 2100 sq ft, in-ground pool and impeccably maintained by the original owner! This home marries past & present wonderfully as all the updates that have been done still leave room for so much charm. The main floor features a two-toned kitchen with granite countertops, stainless steel appliances, glass pocket doors & is adjacent to the dining area with hardwood floors and wainscoting. A sunken living room with gorgeous high ceilings & a cozy double-sided gas fireplace adding the perfect ambience to this space, the other side of the fireplace can be enjoyed in the family room which spans the entire back of the home & features a double glass French door walkout to the backyard. This level also features a servery/bar off to the right, with a wine fridge, bar fridge, custom black cabinetry with a rich granite countertop, & stainless steel sink. This level is complete with a powder room with a custom vanity and an office that has the potential to be used as a fourth bedroom. Going up the extra wide wood staircase the second level offers 3 spacious bedrooms, each with updated windows and hardwood floors, 5-piece bathroom with double vanity & pot lights. At the end of the hallway sits the primary bedroom, with a 3-piece ensuite & 3 closets. The basement is partially finished with vinyl flooring in the laundry room with added storage, pot lights and recreation space. The exterior of the home has been wonderfully planned, a Japanese Maple tree, beach tree, pot lights & recently painted siding add to the curb appeal, the backyard features a patterned concrete patio & continues to a pool bordered with exposed aggregate, three lounge areas, surrounded by manicured gardens & has North, East & South exposure for sun all day! All of this property sits in the esteemed Shoreacres neighbourhood, close to Lake Ontario, all amenities & all major highways. (id:51158)

For Sale$929,900

1205 Lamb's Court Unit# 13

Burlington, Ontario

3 Bedrooms3 Bathrooms1685 sqft

Welcome to this beautifully updated 2-storey, 3-bedroom townhouse in Burlington's sought-after Maple neighborhood. This home boasts an open-concept layout with fresh, stylish finishes throughout. The main floor features a bright, spacious living area complete with a wood burning fireplace for those cold, wintery days. Upstairs, you’ll find the convenience of your kitchen, dining room and two bedrooms. The primary bedroom offers a private balcony, spacious walk in closet and ensuite. Enjoy the convenience of a private backyard space, ideal for relaxing or outdoor dining. Located just minutes from Spencer Smith Park and all essential amenities, this townhouse offers both comfort and a prime location for a vibrant lifestyle. Don't miss out on this fantastic opportunity! Upgrades include furnace (2021), hot water heater (2021), engineered hardwood on the main and second floors. (id:51158)

For Sale$1,385,000

454 Mayzel Road

Burlington, Ontario

4 Bedrooms4 Bathrooms1463 sqft

Attention frst-time home buyers and investors! This charming bungalow, located off New Street and just a short walk from downtown Burlington, offers an exceptional opportunity. The newly upgraded main level features three bedrooms and two full bathrooms, complemented by a modern kitchen with stainless steel appliances and stylish pot lights throughout. The lower level presents income potential with a walk-up basement, separate entrance, and two additional kitchens, providing endless possibilities. Conveniently close to all amenities and only a 15-minute walk to downtown Burlington and Spencer Park, this home is a must-see. Don't miss your chance to own this gem schedule a viewing today! (id:51158)

For Sale$1,649,900

2189 Bader Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms2100 sqft

Discover your fully renovated dream home, with $200K+ in upgrades. Inside, elegant hardwood and ceramic floors complement the stunning oak staircase. The chef's kitchen features sleek, high-end appliances, merging style with top-tier functionality. The open-concept main floor seamlessly blends dining and living spaces, leading to a backyard oasis ideal for indoor-outdoor living. Upstairs, find four spacious bedrooms, including a primary suite with a 4-piece ensuite and walk-in closet. The finished basement offers additional entertainment space. Step into the backyard, complete with a saltwater pool, BBQ area, and a cozy poolside lounge with a TV perfect for summer gatherings. Conveniently located near all amenities, shops, restaurants, and just minutes from the Go Train. Home updates: Renovated bathrooms (2021), kitchen (2021) all kitchen appliances (2022), hardwood throughout (2021), A/C (2021), roof shingles (2022), deck and extended roof in the backyard (2021), laminate basement floors (2023), pool pump (2021) and pool filter (2023), landscape (2021) Oversized garden doors (2021), windows in the front of the house (upper and lower, 2021), all interior doors and hardware (2021), custom wainscoting (2021), and front door (2021). (id:51158)

For Sale$1,099,000

2071 Ghent Avenue Unit# 3

Burlington, Ontario

3 Bedrooms3 Bathrooms2110 sqft

Welcome to Urban Elegance at 3-2071 Ghent Ave in the heart of Downtown Burlington! This 3-bed, 3-bath townhome boasts 2,110 sq ft of sophisticated living. Enter through a spacious foyer leading to a lower level, ideal for your home office. Enjoy the luxury of an extra-wide garage with inside access. Upgraded light fixtures & dimmers create ambiance throughout. Entertain effortlessly in the open-concept kitchen, living & dining area with an extended kitchen space including stainless steel appliances including a gas stove, quartz counters, and a kitchen island with pendant lighting perfect for hanging out while entertaining. For outdoor space, patio doors lead to access to the backyard and double doors from living space lead to a private balcony. Additional upgrades include subway tile backsplash, a stylish brass kitchen faucet, built-ins, pot lights & wide plank hardwood floors throughout upper levels. On the 3rd floor two full bedrooms, a 4-piece bath and a laundry room offer comfort & convenience. The primary retreat features a walk-in closet, zebra blinds, & a stylish barn door leading to an ensuite oasis with a walk-in glass shower & double vanity. Relax and enjoy your early morning coffee on the bedroom balcony. Within walking distance to schools, parks, the lake & downtown shops, restaurants, & the Go train. This property offers the perfect blend of luxury & convenience for the discerning buyer! (id:51158)

For Sale$4,799,000

2226 Lakeshore Road

Burlington, Ontario

4 Bedrooms5 Bathrooms2362 sqft

Welcome to this West Coast inspired retreat nestled down a private drive filled with breezy air, natural light and sweeping views of Lake Ontario! Offering a 407ft deep lot and 80ft of waterfront complete with a private, concrete pier for direct water access, this property is a unique gem. Newly renovated from top to bottom, the organic contemporary finishes blend seamlessly with the natural elements of the outdoors creating a serene, luxe abode. European oak hardwood floors throughout this 4-level side split home contribute to the clean aesthetic. At the heart of the home, the open concept main floor, with floor-to-ceiling, wall-to-wall windows brings the outdoor in and a cozy gas fireplace, with original stone surround, warms the living area that features 14ft+ vaulted ceilings. The sleek yet warm kitchen, with quartz counters and wood accents, is equipped with built-in appliances and full-size wine fridge. Dine overlooking boats on the water. A functional mudroom with garage and rear yard access plus a 3pc bathroom complete this level. Upstairs the primary bedroom offers direct views of the lake, a refined ensuite with double sinks, barn door, plus a large walk-in closet. Additionally, there are two additional bedrooms with double closets and large windows and a 4pc bathroom. Retreat to the lower level with a 4th bedroom/office space and a family room suitable for casual entertaining. In the basement, a large recreation area with heated flooring awaits your personal touches along with a large laundry room and storage space plus another 3pc bathroom. Complete with a refurbished in-ground pool, hot tub and patio areas for dining/entertaining, the backyard offers an oasis with mature trees and privacy; enjoy magical evenings on the water’s edge. Located just a short 10-minute stroll to vibrant downtown Burlington that boasts excellent restaurants, shopping, theatre venues, and community parks. Don’t miss an exceptional opportunity to make this your next home! (id:51158)

For Sale$519,900

5240 Dundas Street Unit# B414

Burlington, Ontario

2 Bedrooms1 Bathrooms619 sqft

Welcome to the prestigious Link Condos, where iconic European-inspired architecture meets contemporary luxury. This upgraded one-bedroom unit in the award-winning ADI Link building boasts sleek modern finishes and an array of indulgent amenities designed to elevate your lifestyle. Enjoy serene ravine views from the rooftop terrace, perfect for entertaining or relaxing in style. Host memorable gatherings in the state-of-the-art demonstration kitchen or unwind with world-class spa amenities, including a sauna and a fully-equipped fitness center. Ideally located adjacent to Bronte Creek and just steps away from shops, dining, and easy access to major highways and transit, this residence offers unparalleled convenience. Additional on-site conveniences include a family clinic, pharmacy, and dentist within the main level commercial area. (id:51158)

For Sale$1,799,900

402 Patricia Drive

Burlington, Ontario

5 Bedrooms5 Bathrooms3870 sqft

Dream home in the heart of Aldershot, where this residence is set on over 1/4 acre lot measuring 72x168. Boasting 4+1 bedrooms, 5 bathrooms this home offers the perfect blend of elegance and functionality. Impressive curb appeal with beautifully landscaped front yard and extra-long driveway. Inside find the open-concept living room and dining room feature a cozy fireplace, oversized windows, and a double set of glass doors leading to the expansive deck, creating an ideal space for entertaining or simply relaxing. The kitchen is a chef's delight, equipped with stainless steel appliances, including a 6-burner gas stove, ample white cabinetry, and countertop space, as well as an island with seating overlooking the breakfast area and family room. The family room, complete with another fireplace and a wall of windows, provides a seamlessly flow onto the deck, perfect for indoor-outdoor living. The main level is complete with a versatile room that can serve as a bedroom or office, and powder room. Upstairs, the primary retreat awaits, boasting a walk-in closet and an ensuite with a large glass walk-in shower. An additional bedrooms with ensuite privilege to a full bath. A bonus bedroom over the garage provides endless possibilities for use, while laundry facilities on the bedroom level add practicality to everyday living. The finished basement with a spacious rec room, fifth bedroom, full bathroom, and ample storage, ensuring there's room for everyone and everything. Step outside to the backyard oasis, pool sized lot, where privacy abounds, and enjoy the large deck and patio, perfect for outdoor gatherings or simply unwinding in the tranquility of nature. Conveniently located within walking distance to RBG Trails and the lake, and close to highways, shopping, restaurants, and Lasalle Park. Don't miss your chance to experience luxury living at its finest in this stunning Aldershot residence. (id:51158)

For Sale$1,599,999

2010 Keller Court

Burlington, Ontario

4 Bedrooms4 Bathrooms3709 sqft

Located on a quiet cul-de-sac in sought-after Brant Hills, this 2-storey home features 4 bedrooms and 4 bathrooms and a walkout basement with a separate entrance providing great flexibility for large or multi-generational families. Step outside to discover your personal backyard oasis, complete with a luxurious saltwater fiberglass pool, equipped with a cutting-edge Hayward smart gas heating system. Enjoy the serene ambiance of the turtle pond and relax in the ample shaded lounge areas—ideal for entertaining or unwinding. For the musicians in the family, the home includes a built-in soundproof recording studio, perfect for practicing, recording, or creative pursuits without disturbing the rest of the household. Enjoy easy access to schools, parks, highways and amenities. Don’t miss this opportunity to call 2010 Keller Court your new home! (id:51158)

For Sale$839,999

5250 Lakeshore Road Unit# 908

Burlington, Ontario

2 Bedrooms1 Bathrooms1419 sqft

This lakefront condo in Burlington offers a tranquil and luxurious lifestyle with stunning views of Lake Ontario. The unit has been meticulously maintained and features several upgrades, making it a truly special place to call home. The open concept living room and dining room provide plenty of space for entertaining guests, with access to a balcony where you can enjoy breathtaking sunrises over the lake. This feature is perfect for starting your day off right with a stunning view. The building offers a variety of amenities for residents to enjoy, including an outdoor pool, exercise room, games/party room, workshop, and male/female saunas. These facilities provide the perfect opportunity to stay active, socialize with neighbors, and unwind after a long day. Whether you are looking for a peaceful retreat to enjoy retirement or a stylish space to entertain friends and family, this lakefront condo has it all. Don't miss this opportunity to own a piece of paradise with direct views of Lake Ontario. Contact me today to schedule a viewing and experience the beauty of lakeside living for yourself. (id:51158)

For Sale$3,449,000

445 Elizabeth Street Unit# Ph1

Burlington, Ontario

3 Bedrooms3 Bathrooms3168 sqft

UNCOMPROMISING LUXURY PENTHOUSE - This stunning one-of-a-kind suite in downtown Burlington, located in the private 13-suite prestigious boutique condo. The well-appointed suite features 3-bed, 2.5-bath, approx 3168 sqft with 4-private terraces with heated floors, each with views of the lake and downtown. Enter the double entry doors into the foyer with marble floors, you’re greeted by the expansive Great Room with 21’ high dome ceiling with crystal chandelier and gas fireplace. Chef inspired kitchen with built-in Miele appliances, custom cabinetry, island seating & sliding patio doors leading to terrace. Separate formal dining room with decorative ceiling detail and chandelier. The 1st bedroom features sliding patio doors to the private terrace, walk-in closet and 2pc ensuite. Down the hall is the 2nd bedroom, laundry room & gorgeous 4pc bathroom with soaker tub. The primary bedroom is a sanctuary featuring his and her walk-in closets with custom built-ins, spa inspired bathroom with large shower, separate water closet, lounge area and walkout to a private terrace. This suite is flooded with natural light, featuring 11’ ceilings, hardwood and marble flooring and integrated Bang & Olufsen sound system. 2 underground parking spaces & locker. The perfect alternative to the large luxury home, ideal for those downsizing. Steps to fine dining, shops, Performing Arts Centre, Spencer Smith Waterfront Park, fitness, hospital QEW, 403, 407 and GO. *Dogs not permitted. (id:51158)

For Sale$850,000

5188 Lakeshore Road Unit# 102

Burlington, Ontario

2 Bedrooms2 Bathrooms1386 sqft

Welcome to 5188 Lakeshore Road Unit 102, in the prestigious Waterford Place. Offering lakefront living close to all amenities. This spacious 2-bed +den, 2-bath suite offers 1386sqft of functional living space. Perfect for those looking to downsize or enjoy the perks of condominium living. The builder took full advantage when building this corner unit providing tons of natural light. Spacious open concept floor plan including kitchen with granite breakfast bar. The sliding door leads out to the lovely exterior patio which allows you take full advantage of that lake breeze. The large primary retreat offers double closets plus a private ensuite. Don't miss the opportunity to call this house your home, book your private showing today. (id:51158)