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 SaleOPEN HOUSE$1,499,900

431 Patricia Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms1459 sqft

Welcome to 431 Patricia Drive, in sought-after, prestigious Aldershot. Backing onto the Royal Botanical Gardens, this home offers a 50' x 224' deep RAVINE lot with tons of privacy. Professionally landscaped gardens, walkways and an incredible salt water, concrete, in-ground pool for summer entertaining. Loads of curb appeal and a welcoming front entrance. Traditional Centre Hall plan begins with hardwood floors throughout including upper level, wainscotting, trim, crown molding, and focal walls add quality touches. Updated eat-in kitchen with built-in’s, large quartz centre island and counters, gas stove and plenty of custom cabinetry. Cozy family room with gorgeous gas fireplace is flooded with natural light. Upstairs, 3 bedrooms, charming dormer windows, lots of natural light and views of the beautiful gardens. Spacious Rec Room in lower level and full bathroom give you additional square footage, plus ample storage space. Triple sliding glass doors step out to the deck complete with gas BBQ (included) for al fresco dining. Stunning huge ravine backyard oasis where you can relax poolside and enjoy the privacy provided by the mature tree-lined lot. Many updates: Roof and Windows within the last 5 years, A/C in 2020, entire home freshly painted, all new lighting . . . the list goes on. This premium lot in a desirable Burlington location, close to all amenities, parks, the marina and lake can't be beat! (id:51158)

For SaleOPEN HOUSE$1,550,000

5138 Cherryhill Crescent

Burlington, Ontario

3 Bedrooms2 Bathrooms1964 sqft

Imagine waking up on a quiet, tree-lined street in one of Burlington's most sought-after neighbourhoods. Mornings start with a cup of coffee in your sun-drenched family room, the soft glow of sunlight streaming in through the expansive windows as you gaze out at your lush, private garden. The family room’s soaring ceilings amplify the sense of space, creating a relaxing environment where you can start the day with ease.As you prepare breakfast in your beautiful white kitchen, equipped with top-of-the-line appliances, the sleek countertops and ample space make cooking a joy, not a chore. Whether it's a weekday meal or hosting a weekend dinner party, this kitchen is built for both convenience and connection. The open flow ensures you're always part of the conversation, making it a gathering space, not just a cooking area.On weekends, the home’s location comes to life. A quick bike ride or walk to the lake allows you to embrace the peaceful charm of South Burlington—whether it's a morning jog along the water or a peaceful evening stroll, you're never far from nature.But perhaps the most special part of this home is your enchanted garden oasis. Stepping outside feels like entering a different world—beautifully landscaped, serene, and completely private. This lush garden provides the perfect backdrop for both lively summer BBQs with friends and quiet evenings spent unwinding with a glass of wine. It's a space designed to recharge, where the greenery and soft sounds of nature become a welcome escape from the hustle and bustle of life.With an extra-long driveway and double-car garage, practicality is never compromised. Whether you’re a family with multiple vehicles or someone who enjoys weekend projects, there’s ample space for everything.This is more than just a house—it’s a home where you can truly live, surrounded by beauty, comfort, and the luxury of having everything you need within reach. (id:51158)

For Sale$799,990

2060 Lakeshore Road Unit# 606

Burlington, Ontario

1 Bedrooms2 Bathrooms715 sqft

Experience luxury living in this exceptional 1-bedroom, 2-bathroom condo with partial water views at the highly sought-after Bridgewater Residences. This unit boasts modern quartz countertops, engineered hardwood & marble tile flooring throughout, Thermador appliances, in-suite laundry, two underground parking spaces, and a storage locker. Enjoy a wealth of amenities, including a fully-equipped gym, a party room with a chef's kitchen, a stylish lounge with a piano and billiards table, a lakefront rooftop terrace with BBQ areas, and an indoor swimming pool with a spa-like ambiance. Embrace the vibrant lakefront lifestyle with easy access to parks, shopping, dining, and seamless transit connections. Don’t miss this incredible opportunity—book your private viewing today! (id:51158)

For Sale$2,199,000

199 Penn Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms2592 sqft

Exceptional 5 bedroom, 3.5 bathroom on a quiet cul de sac in South Burlington's esteemed Roseland community, offering over 3350 square feet of family & entertainment enjoyment! The home follows a traditional floor plan with the living room sitting just off of the spacious foyer, the eat-in kitchen features an abundance of cupboard space, granite countertops and a walk out to the large backyard. The formal dining room and cozy family room featuring wainscoting and a gas fireplace sit just off the kitchen. The main floor is complete with a 2-piece powder room and laundry room. The upstairs features a rare opportunity of 5 full bedrooms, the primary suite offers a gas fireplace, 2 skylights, walk-in closet and a 6-piece ensuite. The lower level is fully finished with a rustic brick feature wall, gas fireplace and an English pub style wet bar perfect for those who are looking to entertain friends and family plus a bonus room and 3 piece bathroom. The location and yard is one of a kind, siding onto Tuck Creek & Lakeshore Road offering the property a vast amount of privacy with sun all day, the large grass area and wood deck is the perfect blank slate to make it your own. All this opportunity on a fabulous cul-de-sac with local traffic only, a short walk to Lake Ontario, parks and schools and a quick drive to all that Downtown Burlington has to offer, all amenities and all major highways! (id:51158)

For Sale$759,900

2185 Fairchild Boulevard Unit# 2

Burlington, Ontario

3 Bedrooms2 Bathrooms1230 sqft

RARE FIND! Welcome to this beautifully updated 3-bedroom, 1.5-bathroom townhome in the heart of Burlington. The only one of its kind in this enclave. Step into the freshly painted main floor, with newer flooring and a beautiful extra wide renovated kitchen, it creates an inviting atmosphere, plus BONUS main floor powder room. The upgraded bathrooms add a contemporary touch to this cozy home. With a spacious layout, this home offers comfort and functionality, with an extra wide backyard with lots of green space behind. Spacious lower level awaits your finishing touch! Some of the updates include new driveway, fence 2023, windows 2021, roof and eavestroughs 2021, and a brand new garage door. Oversized driveway fits 2 cars plus garage! Located in a quiet, family-friendly community, you're just minutes away from restaurants, parks, schools, shopping, hiking trails, 407 access, and all that Burlington has to offer! (id:51158)

For Sale$1,799,000

599 Cumberland Avenue

Burlington, Ontario

5 Bedrooms3 Bathrooms2995 sqft

Beautifully updated family home in S Burlington, where classic charm meets modern convenience. Walk to schools, parks & amenities w easy access to hwys and transit. This property sits on an oversized lot and features a unique detached garage/barn w 2nd story— endless potential to convert into an office, in-law suite, workshop or studio. Inside, find loads of character, charm and updated details in keeping with original character of the home. A grand foyer with soaring ceilings and abundant natural light welcomes you. The main floor showcases hardwood & ceramic tile, a spacious eat-in kitchen w granite counters, built-in fridge, SS appliances & custom cabinetry. The adjacent butler’s pantry/library offers built-in cabinetry & bar area. A large dining room and family room with a fireplace provide ample space for gatherings. Upstairs, find hardwood floors and skylight(‘23) plus vaulted ceilings in upstairs hall and bedrooms. The generous primary suite feat bay window & spa-inspired updated ensuite w freestanding tub, double vanity & glass shower. 3 additional bedrooms & full bathroom complete this level. The fully finished LL, updated with luxury vinyl flooring (‘24), incl pot lights & rec room. Recent upgrades include high-end vinyl windows (2023/2024), a new front door (2024), a beautiful new front porch railing, elegant new back french doors, a new powder room (2024), and eavestroughs/downspouts on the barn (2023). The backyard features a fenced area with a patio, pergola & easy access to the barn/garage. UPDATES: high-end vinyl windows (‘23/’24), front door (‘24), powder room (‘24), eavestroughs/downspouts on the barn (‘23). This home combines character, charm, and limitless potential (id:51158)

For Sale$979,900

3230 New Street Unit# 19

Burlington, Ontario

2 Bedrooms2 Bathrooms1518 sqft

Welcome to the Terraces! Rarely Available, Light Filled 2 Bedroom, 2 Bath End Unit Townhome in the Small, Exclusive Complex in the Desirable South Burlington Neighbourhood of Roseland. This Unique & Spacious Floorplan Features an Open Concept Living & Dining Room with Walnut Floors, Gas Fireplace, Vaulted Ceilings & French Doors Leading to a Private, Open Terrace with Awning. The Kitchen Offers Ample Counter & Storage Space. The Large Main Floor Master Bedroom has a 4-Piece Ensuite & His/Her Closets. The 2nd Main Floor Bedroom with Walk-in Closet also has Ensuite Privileges to a 3-Piece Bath. Main Floor Laundry. The Fully Finished Basement has a Recreation Room, Den and Rough-in for an Additional Bathroom.  Attached Single Car Garage with Inside Entry.  Plenty of Visitor Parking. This Immaculately Maintained Condo is Perfect for Those Looking to Downsize or Enjoy a Low Maintenance Lifestyle. Ideal Location Close to Downtown, the Waterfront, Bike & Walking Trails, Shopping, Amenities & Just Minutes to the Highway. (id:51158)

For Sale$1,699,000

2182 Maplewood Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms2108 sqft

Welcome home to 2182 Maplewood Dr. nestled at the end of a quiet cul-de-sac in an incredible South Burlington location. Imagine the convenience of a 3 minute walk to school with the kids, a 6 minute walk to the GO Stn., coffee shops, Walmart & only a 10 min. walk to Downtown & the Lakefront. This one owner Gem has marvelous curb appeal w/new patterned concrete walkways, pie shaped lot, double garage & heated in-ground pool. From the moment “you are greeted by the solid multi-point Entry Door, expansive Foyer w/gorgeous curved staircase & warm wood floors, you know this has been a well Loved & Updated Family home. Main floor Family Room w/wood burning Fireplace opens to a bright E.-I. Kitchen w/Quartz counters, s/s Appl's & easy back yard access. Separate L.R. & D.R. for gatherings. Large main floor Laundry w/garage & side yard entry gives easy access to the 2pc Bath from the Pool. Upstairs 4 Bedrooms await, including a large Primary with w-i Closet & luxe 3pc Ensuite w/w-i shower. Recently completed lower level ('23) with 3pc Bath, can be tailored to your lifestyle, whether it be a Rec. Room, Home Gym, Office or kids' play area & features plenty of storage. The backyard is ready for entertaining or relaxing featuring a large tiered deck with lounging & dining areas, a heated kidney shaped pool & fully fenced, 128' wide yard, perfect for Family play time. Fabulous Updates: Kitchen, Baths, Lighting, Floors, HVAC, Pool Equip. & more! See the full list. Just move-in & enjoy!! (id:51158)

For Sale$2,399,000

928 Glen Acres Court

Burlington, Ontario

3 Bedrooms3 Bathrooms2081 sqft

Impeccable modern build in prime South Aldershot location that will impress the most discerning buyer. The floor plan was built with your 'forever' right size in mind, offering incredible bedrooms on both the main and second floors. The primary bedroom upstairs has oversized windows overlooking the treed ravine from both bed and bath. The guest bed at the front of the home boasts a private hallway with a French door closet leading into the generous-sized bedroom with a 3-piece ensuite. The convenient main floor bedroom offers a feeling of privacy with a 3-piece bathroom in the private hallway. The main floor is suited to host, with a large dining room, open concept custom kitchen w/ high-end appliances, quartz countertop island and your main floor living room with gas f/p, transom windows and vaulted ceiling. A main floor office leads into the new 1.5 car garage. In the basement, you'll find a finished rec rm. and stylish laundry quarters with large windows throughout. The unfinished portion has been designed with a 4th bedroom in mind and roughed in for a three-piece bathroom. The lot is 60' at the street and widens out at the back with ultra private feeling on the ravine. The location is 5-star, directly across the street from the Burlington Golf and Country Club, within walking distance of coffee shops, restaurants, grocery stores, schools, and a short drive to major highways. Come and see what all the fuss is about before this one's 'off market'. (id:51158)

For Sale$1,324,900

656 King Road

Burlington, Ontario

4 Bedrooms3 Bathrooms1223 sqft

This South Aldershot beauty is move in ready and has been tastefully updated throughout. This 4 level back split offers 3+1 bedrooms, 3 bathrooms including a 4 piece principal bedroom ensuite and a separate entrance walk up. Over 2,100 square feet of finished living space making this an ideal family home. The open concept main floor features an updated kitchen with modern white shaker cabinets, quartz waterfall counters, stainless appliances, a gas stove, and built-ins making this home great for entertaining guests. The backyard is private and well treed ready to create family memories. Close to all amenities, dining, shopping, great schools, downtown Burlington Waterfront, and highways. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$1,399,000

2344 Woodward Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1348 sqft

Amazing 2 story home in a fantastic south Burlington location! This 3-bedroom, 1.5 bath home is approximately 1,350 square feet and sits on an oversized 50 ft x 150 ft lot! This home has been beautifully maintained / updated inside and out. The main floor of the home boasts plenty of natural light with hardwood flooring throughout. The spacious living room leads to a well sized dining room. The spacious kitchen features white cabinetry, quartz countertops, a white tile backsplash and is completely open to the family room! The main level also has a spacious powder room and a mud room with access to the backyard oasis! The second floor of the home features 3 bedrooms and a 4-piece bathroom. The unfinished lower level includes laundry and plenty of storage space! The exterior of the home features a beautiful backyard with mature landscaping, a wood deck and 2 large storage sheds! There is parking for six vehicles on the driveway and there are no rear neighbours! This home is located close to all amenities, the GO station, highways and downtown Burlington! (id:51158)

For Sale$1,200,000

473 Blathwayte Lane

Burlington, Ontario

1 Bedrooms2 Bathrooms900 sqft

Location, Location! Downtown Burlington. No Condo Fees. Rare Freehold Loft Townhouse in Mint Condition. A pleasure to show! (id:51158)