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$1,749,000

365 Delaware Avenue

Burlington, Ontario

6 Bedrooms5 Bathrooms3555 sqft

Welcome to this exquisite custom-built home, nestled in a sought-after pocket in south central Burlington. This unique 4+2 bedroom, 4.5 bath home offers a versatile layout perfect for downsizers and growing families alike. Over 2100 square feet PLUS a finished lower level with separate entrance / in-law potential! At the heart of this home is the thoughtfully designed kitchen, where functionality meets style. Featuring poured concrete countertops, built-in appliances, as well as an abundance of cupboard space providing ample storage. The eat-in area is enhanced by custom banquette seating, which not only adds character but also offers hidden storage beneath. Overlooking the open-concept family room, the kitchen allows for seamless interaction between spaces, making it ideal for hosting gatherings or simply enjoying everyday family life. The family room itself is spacious and welcoming, with built-in storage that keeps the space organized and clutter-free. Natural light pours in through large windows, and a walkout leads to the expansive deck and private backyard, effortlessly extending the living space into the outdoors. With the option of a primary bedroom on either the main or second floor, and three of the four bedrooms boasting ensuite or semi-ensuite baths, this home offers ultimate comfort and convenience. The finished lower level boasts an awesome rec room perfect for the family as well as a separate laundry room and storage room with a walk out to the side yard. Best of all - two additional bedrooms, one with an ensuite - great for large families and visitors alike! Just steps from the waterfront trail and a short stroll to both Lake Ontario and vibrant downtown Burlington, this home offers easy access to a wide variety of shops, restaurants, and businesses. With close proximity to major transit routes, the nearby GO station, and all local amenities, 365 Delaware blends modern luxury, convenience, and community, creating the perfect place to call home. (id:51158)

For Sale$1,599,900

2198 Charnwood Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2785 sqft

Welcome to your dream home in the sought-after Headon Forest! This meticulously maintained, ,one-owner property blends spaciousness and elegance with an unbeatable location. Nestled on an oversized lot backing onto serene greenspace, and just steps from Ireland Park, it’s the ultimate urban retreat. Inside, at just under 2800 sq.ft., find one of Costain Homes’ largest models, featuring 4+1 bedrooms (main-floor den can double as a bedroom) and 3.5 baths, including a unique laundry room bath ideal for dog lovers or enhanced accessibility. This traditional design highlights hardwood floors, a formal dining room with custom built-ins for hosting unforgettable dinners, and a massive eat-in kitchen seamlessly flowing into a stylish family room complete with a gas fireplace and bespoke cabinetry. The upstairs is a haven of comfort, with a grand principal suite boasting a cozy sitting area, a spacious 5-piece ensuite with a double-sink vanity, step-up tub, and separate shower. Three generously sized bedrooms and a full bath with double sinks ensure everyone has space to unwind. Outdoors, enjoy the privacy of mature trees, a large deck, and vibrant perennial gardens—perfect for entertaining or relaxing. With its prime location near parks, top schools, and urban amenities, this home offers a rare blend of tranquility and convenience. Outdoors, enjoy the privacy of mature trees, a large deck, and vibrant perennial gardens—perfect for entertaining or relaxing. With its prime location near parks, top schools, and urban amenities, this home offers a rare blend of tranquility and convenience. (id:51158)

For Sale$949,777

2323 Glastonbury Road

Burlington, Ontario

3 Bedrooms3 Bathrooms1622 sqft

Welcome to your dream home, renovated from top to bottom, located in one of Burlington’s most sought-after neighbourhoods! This beautiful 3-bedroom, 2.5-bathroom residence boasts modern upgrades, luxurious finishes, and impeccable attention to detail throughout. Step inside and be greeted by a spacious open-concept layout featuring an updated kitchen equipped with stainless steel appliances, sleek cabinetry, and elegant countertops—perfect for any home chef. Gorgeous new flooring adding to the home’s fresh, contemporary feel. The outdoor space is an entertainer’s paradise! The beautiful backyard features a sparkling onground pool, an interlock patio ideal for summer BBQs, and a charming gazebo, creating the perfect setting for relaxation and gatherings. This home is move-in ready, offering everything you need for luxury living in an unbeatable location close to top schools, parks, shopping, and dining. Don’t miss your opportunity to own this Burlington gem! Updates include: 2016 - Garage door, 2018 - roof, AC/Furnace, 2019 - Water Heater, Washer & Dryer, 2020 - Patio stone, 2021 - Kitchen, 2023 - Flooring, 2024 - eavestrough with leaf guards (id:51158)

For Sale$1,149,900

935 Glendale Court

Burlington, Ontario

4 Bedrooms3 Bathrooms1502 sqft

Immaculate 4-Bedroom Family Home on a Quiet Court – Move-In Ready! Nestled on a peaceful court, this stunning 2-storey home, approximately 1,500 sq. ft., is the definition of turn-key! Renovated from top to bottom, it’s ready for your family to enjoy. Featuring 4 spacious bedrooms and a beautifully finished basement complete with a 3-piece bathroom, this home offers the perfect blend of style and functionality. Step outside to the backyard oasis—a true entertainer’s dream! Relax in the luxurious hot tub, take a dip in the above-ground pool, or unwind on the custom patio. The professionally designed landscaping features gorgeous river rock and pristine concrete surrounding the back and sides of the property, creating a clean, low-maintenance, and visually striking space. Open and bright with plenty of storage and meticulous attention to detail throughout, this home is perfect for families looking for a serene and move-in-ready retreat. Don’t miss your chance to own this exceptional property! (id:51158)

For Sale$1,399,999

2282 Turnberry Road Unit# 15

Burlington, Ontario

2 Bedrooms3 Bathrooms1977 sqft

Experience the pinnacle of executive living in this exquisite two-bedroom, 2.5-bath semi-detached residence, where elegance meets comfort in a maintenance-free environment. The main level, free of carpets, welcomes you into a spacious open-concept design, filled with natural light streaming through double French doors and a transom window. At the heart of the home lies a generous family kitchen featuring granite countertops and a walk-out to a secluded patio, showcasing picturesque views of the esteemed Millcroft golf course. The living area flows effortlessly, highlighted by soaring vaulted ceilings, a warm gas fireplace, and a main floor primary bedroom with a luxurious ensuite that includes a separate soaker tub, shower, and built-in vanity. Upstairs, the bright loft area, illuminated by a skylight, offers a 4-piece bath and serves as a flexible space for relaxation or a home office. The stunning primary suite, complete with a walk-in closet, overlooks the lush fairways, creating a peaceful retreat for unwinding after a busy day. The exterior beauty complements the interior charm, with carefully curated landscaping and perennial gardens enhancing the appeal of this desirable location. With four parking spaces and easy access to shopping, parks, highways, and dining, this home is perfect for those seeking an upscale lifestyle, providing a luxurious haven within a vibrant community. (id:51158)

For Sale$545,900

2087 Fairview Street Unit# 1001

Burlington, Ontario

2 Bedrooms2 Bathrooms675 sqft

For more info on this property, please click the Brochure button below. Welcome to Paradigm, one of Burlington’s most sought after Luxury condominiums with state of the art amenities and GO transit right at your door step. This Beautiful upgraded Balance model is almost 700 sqft and offers 2 bathrooms, a spacious master bedroom with ensuite. The den has a large window, and could easily be used as a 2nd bedroom, large home office, or workout space. This rare layout provides lots of natural lighting, floor to ceiling windows, and a custom built-in stone surround electric fireplace. The living room, Den, and Master all overlook the oversized balcony that provides amazing North, East and south views. 1 Underground parking spot & locker included. Paradigm amenities include, 24 hour Concierge, indoor pool with hot tub, sauna, indoor and outdoor fitness, basketball court, guest suites, kids play room, dog park & dog wash area, party room, movie / media theatre room, underground visitor parking and all within walking distance to Walmart, and the downtown core. (id:51158)

For SaleOPEN HOUSE$489,900

2040 Cleaver Avenue Unit# 310

Burlington, Ontario

2 Bedrooms1 Bathrooms650 sqft

Welcome to 2040 Cleaver Ave Unit 310. A corner unit within the popular Forest Chase Complex. This property is conveniently located close to numerous amenities. Walk to shopping, restaurants, schools, parks and public transit. 1 Underground parking spot and 1 locker. This unit has laminate flooring thought out and neutral decor, and in suite full size stacked laundry. The private outdoor balcony is equipped with a BBQ too! This is a great opportunity for a new first time home buyer, or someone who is looking to downsize to condo living! Don't miss this opportunity to live in a forest like setting in North Burlington. (id:51158)

For Sale$849,900

2215 Cleaver Avenue Unit# 17

Burlington, Ontario

3 Bedrooms4 Bathrooms2342 sqft

Welcome to 17-2215 Cleaver Avenue, a spacious end-unit townhouse that offers both comfort and convenience. Nestled in a peaceful community, this home backs onto a protected nature preserve, offering ultimate privacy and direct access to walking paths. Families will appreciate the proximity to C.H. Norton Elementary School, mins away, and the safety of nearby Newport Park, which features a playground and is adjacent to the police station. Inside, the main floor features an open-concept dining and living room including a huge bay window that allows natural light to fill the space, and an electric fireplace, perfect for relaxing. The kitchen offers plenty of counter space, ample storage, and a coffee bar with a walkout to the yard with scenic nature views. The kitchen offers plenty of counter space, ample storage, and a coffee bar with a walkout to the yard. The second floor boasts a large primary bedroom with a walk-in closet, additional closet space, and a 3pc ensuite with a glass walk-in shower. Two additional spacious bedrooms share a 3pc bathroom, also featuring a walk-in shower. The lower level includes a fully finished rec room, laundry, and a convenient 2pc bath. Recent updates include furnace, air conditioner, and back porch, ensuring comfort and peace of mind. Enjoy easy access to local amenities, Schools, and Tansley Woods Library and pool. Don't miss this fantastic opportunity to call this peaceful and well-connected community home! (id:51158)

For Sale$859,000

1121 Cooke Boulevard Unit# 62

Burlington, Ontario

3 Bedrooms3 Bathrooms1722 sqft

Welcome to 1121 Cooke Blvd Unit 62, a stunning 3-bedroom, 3 full bath townhome built in 2021 in Burlington’s vibrant Aldershot Central neighborhood. Perfect commuter location for busy professionals or families, this 1,722 sq ft home features 9ft ceilings, a bright open concept living & dining area with a walk-out terrace balcony. An upgraded kitchen ideal for entertaining, with coffee bar, island, & floor-to-ceiling pantry. Each bedroom boasts a 4 piece ensuite, the primary bedroom has a spacious walk-in closet, while the other 2 bedrooms have custom closet organizers. Enjoy upscale touches like modern lighting, wide plank laminate flooring, & an upgraded hardwood staircase with iron spindles. Add’l perks include upper-lvl laundry, a 3rd floor office space, & main-floor walkout to backyard & patio. Commuters will love the short walk to Aldershot GO Station, quick hwy access, & nearby LaSalle Park, marina, shops, & restaurants—making this home a blend of luxury & convenience in a prime location. Maintenance covers lawn & snow removal. (id:51158)

For Sale$519,000

2052 Courtland Drive Unit# 401

Burlington, Ontario

2 Bedrooms1 Bathrooms1201 sqft

Tucked away in the heart of South Burlington, this quiet low-rise condo is truly a hidden gem. Situated on a quiet and tree lined residential street, it's an opportunity for affordable living in one of Burlington’s most desirable neighbourhoods. Whether you're a first-time buyer or looking to downsize, this spacious 2 bed, 1 bath unit offers thoughtful, open living filled with natural light. Highly desirable top floor corner unit with spacious balcony and carpet free interior. Walk to schools, shops, restaurants, Spencer Smith Park, and the Lakeshore – everything you need is within reach. Plus, you're just a short walk to the GO station and minutes from the highway for added convenience. Condo fees cover heat, water, exterior upkeep, building insurance, parking, and a locker—conveniently located just across the hall. One parking space. Discover why this is one of Burlington’s best-kept secrets. (id:51158)

For Sale$649,000

4040 Upper Middle Road Unit# 422

Burlington, Ontario

2 Bedrooms2 Bathrooms1061 sqft

Welcome to 4040 Upper Middle Rd, Suite 422! This stunning top-floor corner suite in the boutique Park City Condos offers modern elegance and style. Featuring 2 spacious bedrooms and 2 bathrooms, the open-concept layout boasts 10-foot ceilings and floor-to-ceiling windows, flooding the space with natural light and providing expansive south and east-facing views. The large primary bedroom features a 3-piece ensuite. The second generously sized bedroom features wall-to-wall closets, providing ample storage space. This corner unit offers exceptional privacy, with no neighbours on either side and a super private balcony. The bright 4th-floor unit has been thoughtfully upgraded, including wide-plank natural satin laminate flooring, sleek white flat-panel kitchen cabinetry, granite countertops, and stainless-steel appliances. The contemporary backsplash, updated light fixtures, and custom window treatments enhance the overall design. Additional highlights include in-suite laundry, ample closet space, and a convenient storage locker. This unit comes with one underground parking space and is ideally located in the desirable Tansley neighborhood, close to an array of amenities. A perfect place to call home—don’t miss out! (id:51158)

For SaleOPEN HOUSE$2,225,000

242 Belvenia Road

Burlington, Ontario

4 Bedrooms4 Bathrooms2943.21 sqft

Welcome to this stunning custom-built home, on a large 75x130 lot nestled in the heart of the prestigious Shoreacres and the highly rated Nelson & Tuck school community in South Burlington. With 4,500 square feet of thoughtfully designed living space, this home offers exceptional attention to detail and a prime location. As you enter from the circular driveway through the double doors, you'll be greeted by a grand foyer with a circular staircase, setting the tone for elegance throughout. The main floor features separate living, dining, and family rooms, each with 9 ceilings and a bathroom with shower. The spacious kitchen is a chefs dream, featuring a large island, ample cabinets, quartz countertops, built-in appliances, gas stove and a walkout that overlooks a serene and private yard surrounded by towering trees. The great room, with vaulted ceilings and a cozy wood fireplace, is the perfect space for family gatherings. The second floor offers 4 spacious bedrooms with walk-in closets and ensuites, while the basement features a fully equipped yoga/gym studio, a home theater, an office/flex room with ample storage, and a separate walk-up entrance. This picturesque property is located across from Paletta Lakefront Park and trails, providing beautiful views and easy access to nature. With renovations throughout, including updated bathrooms, paint, new carpeting, light fixtures, pot lights, and an EV charger point in the garage, this home is move-in ready. Don't miss this rare opportunity to own a luxurious and private retreat in one of Burlington's most sought-after neighborhoods! (id:51158)