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$1,750,000

3945 Lodi Road

Burlington, Ontario

5 Bedrooms5 Bathrooms3311 sqft

Welcome to 3945 Lodi Road, a brand new 5 bedroom detached home with 4016sqft. of finished area in the desirable Alton Village neighborhood. Step inside into the foyer that leads into the dining room, great room with fireplace, kitchen and breakfast with walk-out to the backyard. Upper floor features a primary bedroom with 5-piece ensuite, along with four additional bedrooms and two 4-piece baths. Loft offers open concept space! Builder finished basement offers recreation room, den and 4-piece bath. Conveniently located close to HWY access and walking distance to Go Transit, parks, schools and more! (id:51158)

For SaleOPEN HOUSE$999,900

633 Amelia Crescent

Burlington, Ontario

3 Bedrooms2 Bathrooms1897 sqft

Fully modernized 3 bedroom 2 bath home! Pride of ownership shows! Beautifully maintained inside & out, and on a wide lot, w/ spacious front & rear yards. The grounds are thoughtfully landscaped, & the private backyard includes a new composite deck, new gazebo, and new hot-tub, making it perfect for entertaining or peaceful family time. This home is only attached at the garage, & has windows on all sides. The garage is oversized to fit more than just a car! The main level features tasteful hardwood-style flooring, potlights, & is bright w/ large windows. The living room area includes a walkout w/ doors featuring clean, convenient in-window blinds. The kitchen has a bright breakfast area, granite counters, undermount sink, built-in microwave, and tiled backsplash. The upstairs includes 3 bedrooms w/ ceiling fans, inset horizontal blinds, & upgraded colonial doors w/ stainless-steel hardware. The primary bedroom has 2 large windows & a full walk-in closet. The main bath has dark ceramics & a tiled tub & shower. The full basement is clean & has high ceilings, a cold cellar, & is the perfect extra space for recreation, hobbies & storage. Other upgrades & features include: New kitchen appliances 2017; new windows 2017, newer attic insulation, newer eavestrough system, waterproofed basement, improved main water shut off; furnace w/ heat recovery air exchanger & humidifier 2017; AC and water tank (owned) 2017; Hot tub with ozonator 2022; sump-pump; central vac. (id:51158)

For Sale$499,900

2010 Cleaver Avenue Unit# 103

Burlington, Ontario

2 Bedrooms1 Bathrooms639 sqft

Welcome home to this beautiful ground floor 1-bedroom plus den, 1-bathroom condo in the heart of Headon Forest! Offering 639 sq. feet of thoughtfully designed living space, this unit features an open-concept layout, living room with walk out to private balcony, perfect for unwinding. Stylish kitchen renovated in 2021 with quartz countertops and stainless steel appliances, and convenient in-suite laundry. The bright bedroom and updated bathroom add comfort and luxury to this space. Den has been converted into a dressing room, can be an office or bedroom. Unit comes with one underground parking spot and a locker, plus easy access to top rated schools, parks, and amenities, this condo blends modern living with a peaceful neighborhood atmosphere! Don't miss your chance to call this home! (id:51158)

For Sale$619,900

500 Brock Avenue Unit# 1101

Burlington, Ontario

1 Bedrooms1 Bathrooms640 sqft

Beautiful 1 bedroom, 1 bath condo ideally located in the desirable Illumina condo building in downtown Burlington. This well laid out 640 sq. ft. unit features beautiful high quality wide plank flooring and large, bright windows! The kitchen offers modern white kitchen cabinetry, quartz countertops and Fisher Paykel appliances. The generously sized primary bedroom has two large built in wardrobes & floor to ceiling windows with access to the balcony. In suite laundry! 3 building elevators! Exceptional views of Burlington Bay, Skyway Bridge & the Escarpment. Includes one underground parking space and one storage locker. Building amenities include: roof top sky deck and BBQ area, amazing party room (refer to pictures), exceptional fitness centre, two-guest suites, and 24 hour security. Ideally located close to the waterfront, parks, banks, grocery stores, downtown shops, restaurants, Mapleview Mall and easy access to all major highways and transit this is the perfect place to call home! (id:51158)

For Sale$1,099,000

653 Thornwood Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1115 sqft

TURN-KEY BURLINGTON BUNGALOW WITH OVERSIZED GARAGE! Pride of ownership shines in this beautifully maintained 3-bedroom brick bungalow on a quiet, tree-lined street in South Burlington. This turn-key home features an updated eat-in kitchen with new flooring, an open-concept living/dining area with hardwood floors and a large bay window, and a primary bedroom with ensuite privilege. The finished basement with a new 4-piece bathroom and side entrance offers endless possibilities for an in-law suite or recreation space. Step outside through the new sliding patio door to a large deck, perfect for entertaining, and enjoy the oversized detached garage for parking, storage, or an amazing workshop. Recent updates include central A/C, washer, dryer, eavestroughs, and a 200-amp electrical panel. Located near excellent schools, amenities, and highways, this home is ready for you to move in and start living! (id:51158)

For SaleOPEN HOUSE$1,298,000

2232 Ireland Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2036 sqft

Welcome Home to Ireland Drive! This meticulously maintained 4 bedroom, 3 bathroom backsplit is situated in the desirable Brant Hills neighbourhood of Burlington! Same owner for 35 years, pride of ownership is clearly evident! This beautiful house is sitting on a spacious 50’x150’ lot, and has an inground pool and no rear neighbours - perfect for entertaining! The main floor offers an eat-in kitchen with new stainless steel appliances, quartz countertops, and white cabinetry. Off of the kitchen is the spacious living room with refinished hardwood floors, and a bright bay window bringing in lots of natural light. The formal dining room is large enough for 8 guests and has a modern chandelier and sliding doors to the covered patio with garage access. The second floor has 3 bedrooms including a primary bedroom with 3-piece ensuite and a 4-piece bathroom with double sinks. The generous sized family room has a cozy gas fireplace, large windows, and new laminate flooring. The lower level truly feels like an extension of the main floor with large, bright windows throughout. The 4th bedroom is located on this floor and has a walk-in closet and new laminate floors. This room is spacious enough to be a kids playroom, exercise room, office, etc. The laundry room has been renovated and offers storage for all of your cleaning supplies. Massive, open space in the basement for storage, or it could be framed in to create a studio, games room, workshop, etc. The possibilities are endless for this space! Walking distance to The Ireland House, great schools, parks, shopping and major highways. (id:51158)

For Sale$1,149,900

1543 Riley Avenue

Burlington, Ontario

3 Bedrooms3 Bathrooms1935 sqft

Breathtaking ravine views! Welcome to 1543 Riley Ave, set on a majestic lot spanning, up to almost 150 feet deep, in areas while backing onto a conservation woodlot ravine. Be welcomed home by the exceptional curb appeal from this 3 bed 2.5 bath 2 storey detached home featuring a beautifully patterned concrete walkway. Inside you will find elegant hardwood floors offering a blend of classic charm with fresh contemporary colours. The bright combined living & dining rooms, accented by crown moulding, offer a warm atmosphere perfect for entertaining family & friends. The open-concept kitchen with granite countertops & centre island with breakfast bar seamlessly connects to the sunken family room offering breathtaking ravine views & access to the back deck & expansive backyard with perennial gardens. Upstairs, 3 generously sized bedrooms all adorning hardwood floors share a beautifully updated 5-piece main bath. The fully finished basement includes a huge rec room with bonus supplementary baseboard heaters & above grade windows flooding it with natural light. Adding to the living space is a flexible office/gym (set up as bedroom, no window but closet), laundry/utility room, & a 4-piece bath. This home masterfully combines comfort, space without the waste, & natural beauty all within steps to shopping, schools, parks, trails & more—an opportunity you won’t want to miss! (id:51158)

For Sale$3,399,000

445 Elizabeth Street Unit# Ph1

Burlington, Ontario

3 Bedrooms3 Bathrooms3017 sqft

Burlington, is located in the private 13-suite prestigious boutique condo. The well-appointed suite features 3-bed, 2.5-bath, approx 3017 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 21ft 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 11ft 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$999,000

1351 Ontario Street Unit# 11

Burlington, Ontario

3 Bedrooms2 Bathrooms1210 sqft

Fabulous LOCATION - Quality Builder – Lovely, Move-In Ready multi-level Condominium Town Home located in a Quaint Enclave of Town Homes in Burlington’s CORE District and Steps to the WATERFRONT. Open Concept Design in Main Living Areas, offering 1,210 Sq. Ft. of Renovated, Spacious Living. The Newer Plank, Hardwood and Stone flooring creates a low-maintenance & healthier living environment. A dramatic 12+ foot living room ceiling adds to its Roominess. Entertain in the Large living room and enjoy family and friends’ meals in the oversized dining room overlooking the warm and cozy fireplace. The Custom Designed Kitchen is a Chef's Delight with Stone Countertops, Newer Stainless-steel Appliances, a Large Pantry and Coffee Station, Backsplash Tiles & a Comfortable Breakfast Bar. Walkout from the Living Room to your Private Deck and Terrace where you can enjoy a Summer BBQ. The Many Large Windows in this home provide Amazing Natural Light. A sizable Family Room or convenient Home Office is found on the lower level. A 2-piece Renovated Bathroom and Laundry Facilities are also found on this Floor. There is Convenient Direct Access from the Front Entrance into the Garage. The Upper Floor Features: a Spacious Primary Bedroom with 2 large windows & an oversized double Closet; Two (2) Additional Bedrooms with Double Closets & a Renovated 4-piece Family Bathroom. The Newer Gas Furnace, Central Air Conditioner, and Tankless Water Heater were installed in 2020. This Lovely Home and Enclave offer Great Visitor Parking. WALK to Many Amenities such as our Spencer Smith Waterfront Park with its playground and greenspace for our festivals and events, Walking Paths, Shops, and Restaurants. Commuter Routes are but minutes away. The Monthly fees of $483.49 provide Carefree Living and include Building Insurance, Common Elements, Exterior Maintenance, and Guest Parking. A complete list of Renovations/Improvements are in the attached Feature Brochure or at your viewing. A Must See! R.S.A. (id:51158)

For SaleOPEN HOUSE$1,049,999

1464 Reynolds Avenue

Burlington, Ontario

4 Bedrooms2 Bathrooms1325 sqft

Welcome to 1464 Reynolds in the Palmer neighbourhood of Burlington! This family-friendly home is completely move-in ready with all the features you could ask for. The main floor is full of light from the many windows and pot lights, and features an inviting layout, convenient powder room, and hardwood flooring. The living and dining room are combined to create a large open space, with sliding doors out to the private back deck for easy entertaining. The kitchen features plenty of storage and granite countertops, stainless steel appliances, and a large window over the kitchen sink. Heading upstairs, you'll find a spacious primary bedroom suite, complete with a walk-in closet and ensuite access to the 4-pc bathroom. The two additional spacious bedrooms, all with hardwood flooring as well, complete the bedroom level. Down in the basement, you'll find even more space to suit your needs! A large rec room with wood burning fireplace, a fourth bedroom, and plenty of storage means there is something for every family's needs. Headed outside, you'll find a fully fenced and landscaped backyard, with a large deck for entertaining, and a hot tub. With well-thought-out landscaping, you'll find it both very private and practical out here! A single car garage and double wide driveway mean plenty of space for your vehicles and toys. Conveniently located within walking distance to parks and schools, and just minutes to the QEW and amenities. Don't miss this opportunity for a great home in a fantastic area! (id:51158)

For Sale$514,900

1276 Maple Crossing Boulevard Unit# 1508

Burlington, Ontario

2 Bedrooms1 Bathrooms720 sqft

Welcome to the Grand Regency! This exquisite 1-bedroom plus den unit epitomizes urban living in Burlington. As you step inside, you're greeted by an abundance of natural light flooding through floor-to-ceiling windows, offering million dollar view of Lake Ontario and escarpment. Some days you can even see the Toronto skyline. One of the best features is that The Condo Fee is ALL IN!i Includes Heat, Hydro, Water, Cable TV, Internet, Outside Insurance, Maintenance, and all building amenities! The spacious bedroom seamlessly connects to a walk-through closet, leading you to a luxurious 4-piece bathroom adorned with modern fixtures. Recent updates include freshly laid wood-like flooring and a fresh coat of neutral paint, creating a welcoming ambiance that complements any decor style. This unit comes with the added bonus of a double-sized locker, providing ample storage space (#111A) for all your belongings. Security is paramount, with 24-hour surveillance ensuring your peace of mind. Within the building, an array of amenities awaits, from fitness facilities to entertainment lounges, catering to your every need. Outside, discover a vibrant neighborhood brimming with life. Explore the nearby parks, stroll along the lakefront, or indulge in retail therapy at the nearby shopping districts—all within easy walking distance. With schools and public transit conveniently close by, every convenience is at your fingertips. Don't let this opportunity pass you by. Experience the unparalleled lifestyle offered by the Grand Regency. Act now and seize the chance to make this urban sanctuary your new home. Opportunities like these are rare—make your move today! (id:51158)

For Sale$524,000

2087 Fairview Street Unit# 2001

Burlington, Ontario

2 Bedrooms2 Bathrooms675 sqft

Welcome to 2001-2087 Fairview Street, where stylish upgrades meet unparalleled flexibility and convenience! This 1+1 bedroom, 2-bathroom condo offers 675 square feet of thoughtfully designed space with potential to convert the den into a second bedroom or a private office. Upgraded in 2020, the sleek kitchen features quartz waterfall countertops, a matching backsplash, and a custom island with extra storage and seating. The enhancements continue with automated blackout blinds in the bedroom, upgraded blinds throughout, and a glass-enclosed shower for a spa-like experience. The building is designed with convenience and lifestyle in mind, offering access to a dog walking area and a dog wash station for pet lovers. Steps from the Burlington GO Station, minutes to Highway 403, and close to shopping and dining, this condo offers comfort, style, and connectivity. Don’t wait—this is your opportunity to make this incredible home yours! Book your private showing today! (id:51158)