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$4,999,900

2642 Bluffs Way

Burlington, Ontario

5 Bedrooms5 Bathrooms

Located in one of the most sought-after enclaves of luxurious homes in ""The Bluffs,"" this custom-built 4+1 bedroom, 6 bathroom home offers over 6200 sq. ft. of living space. Situated on approx 2 acres, the property backs onto a protected, lush forest, providing a serene and private setting. Despite its tranquil surroundings, the home is in close proximity to the amenities of urban Burlington. Recently renovated from top to bottom, this exquisite residence combines modern luxury with natural beauty. (id:51158)

For Sale$4,099,000

3064 St Clair Avenue

Burlington, Ontario

4 Bedrooms5 Bathrooms5755 sqft

This spectacular custom lofted bungalow is nestled on a quiet, family-friendly street in the highly coveted Roseland neighbourhood. Offering 4 beds, 5 baths and approximately 5,755 sq ft of tastefully designed living space. The main floor boasts a stunning rotunda that houses an office or library with floor to ceiling bookcases and incredible custom ceiling details. The kitchen features chef-grade appliances, an oversized island, a walk-in pantry, and a gorgeous breakfast area overlooking the picturesque, Muskoka-like backyard. Adjacent to the kitchen, you'll find a cozy family room and an impressive dining room, both with fireplaces and views of the backyard. Two main floor bedrooms offer ensuite privileges to a well-appointed 5-piece bath. Up a few small steps, the primary retreat awaits, featuring a large, welcoming space with two separate walk-in closets, a 6-piece ensuite, and a tranquil sun-drenched balcony. The lower level includes a fourth bedroom with a 3-piece ensuite, a theatre, a wine cellar, an exercise room, and a large recreation room with a wet bar and full walk-out access to the backyard. The incredible yard is an oasis of total privacy, offering an inground saltwater pool, hot tub, extensive professional landscaping and stonework, and a cabana. Exceptional craftsmanship and pride of ownership are evident at every turn in this magnificent home. With a double tandem garage, a well-thought-out floor plan, and a dream backyard, this property is a true masterpiece. (id:51158)

For Sale$7,350,000

347 East Hart Crescent

Burlington, Ontario

4 Bedrooms6 Bathrooms6950 sqft

Welcome to Casa Blanca. One of the most iconic homes in the highly desired community of Roseland is being offered to its next stewards for the first time. Truly the height of character, thoughtful design, pride and tranquility. Upon entering the property, you are transcended into a sanctuary of immaculate gardens while the character and thoughtful design of the residence leaves you in awe and anticipation of what’s to come. Upon entering one of the three front access points to the home, you are greeted by almost 7,000 sq ft of the highest level of finishing’s. Each room throughout tells its own story and has its own features and designs. From the front sitting room with its large windows and original exposed red brick wall, to the expansive kitchen with chefs-quality features and appliances. Every room has entertaining in mind while maintaining the feel of a family focused home. The 2nd level hosts 3 beds while the 3rd level loft can serve as a getaway for teens or a 4th bedroom. The primary bedroom offers its occupants their own getaway with a private roof top terrace overlooking the immaculate front gardens. A separate stairway leads you to the elevated west wing retreat that features a billiards area, sitting nook, 3 pc bath and a large Muskoka room with wet bar that overlooks the rear and front gardens. Upon entering the rear yard, you are greeted with a large covered patio with multiple seating and dining areas that overlook the magazine worthy property. A saltwater pool with cascading waterfalls, fire bowls, hot tub and splash deck will take your breath away. The separate covered patio area with room for a large seating area and dining table, separate commercial grade wet bar with roll up garage door and a cedar lined sauna make this backyard a true resort like escape where you can spend all day soaking up the sun in full privacy. This is a rare offering and the epitome of Roseland living. Don’t miss your opportunity to make this iconic property, your own. (id:51158)

For Sale$1,349,000

625 Braemore Road

Burlington, Ontario

5 Bedrooms3 Bathrooms1635 sqft

Welcome to this exquisite property located on an expansive lot in one of Burlington's most prestigious neighborhoods. Conveniently located near the QEW, both GO stations, and just minutes from Lakeshore Road, this stunning 3-level side split home offers approximately 1,635 square feet of meticulously designed living space. Upon entering, you are welcomed into an open-concept family room, dining area, and custom kitchen, featuring high-end stainless steel appliances, quartz countertops, and ample storage. The large island serves as a perfect centerpiece for hosting gatherings with family and friends. The second floor leads to a private, oversized yard with mature landscaping, a two-tiered deck, and a pergola—ideal for outdoor relaxation and entertaining. Upstairs, you’ll find three generously sized bedrooms, including a master bedroom with a double closet, and an updated full bathroom with a large sink and quartz countertops. The main level features a living room/bedroom with access to the basement and a separate entrance from the backyard. The basement is thoughtfully designed with a cozy family room, one bedroom, a full bath, a powder room, and a separate laundry area. This space can easily function as a potential in-law or nanny suite or even a mortgage helper. Additional highlights include updated windows and doors (2021), a roof replaced in 2016, a 200 Amp electrical panel, and a 40 Amp outlet wired for an electric car charger. The backyard offers exceptional privacy and is perfect for entertaining guests, with its two-tiered deck and pergola completing this exceptional outdoor space. (id:51158)

For Sale$2,475,000

20 Craven Avenue

Burlington, Ontario

5 Bedrooms4 Bathrooms3740 sqft

Your own personal 'resort' awaits you in beautiful West Burlington. This bright and spacious 3740 sq ft bungalow showcases walls of windows overlooking the private oasis in the backyard! Offering 3+2 bedrooms, including a luxurious master retreat with wood burning fireplace, large walk-in closet, and dream ensuite bath. The well appointed chef's kitchen is open concept to the cozy family room with gas fireplace and wall-to-wall built-in bookshelves and views of the pool and gardens. Formal lounge and dining room adds prestige to your dinner parties with a gas fireplace shared between the two. Fully finished basement with in-law suite (kitchen, full bath, & living area) with a *separate entrance*. Plenty of room for your gym and additional recreation room as well. Walk outside to your fully private yard through oversized sliders and French doors, and entertain with ease! Enjoy the inground saltwater pool overlooked by multi elevation durable composite deck, professional landscaping with gorgeous annual gardens, and in ground irrigation system. Incredibly convenient location!! 1 Minute to Aldershot GO & ramps to 403/QEW Hamilton/Toronto/Niagara. Upgrades within the past few years include decks, new septic system, sod, pool liner, roof capping & venting, skylights, interior & exterior doors, furnace, owned hot water tank, sump pump, luxury ensuite, and many more. Full list available. (id:51158)

For Sale$849,000

1491 Plains Road W Unit# 11

Burlington, Ontario

3 Bedrooms3 Bathrooms1690 sqft

Rare unit available in “Gateway Towns”, on an exclusive private enclave in south Aldershot. Perfect for downsizers, starter home or for young family, no traffic. Bright lovely well kept two storey 3 bedrm 3 bath, open concept main level with 9ft ceilings. Almost 1700sqft, freshly painted & Cal shutters thru-out, updated powder room, great room off the kitchen w granite breakfast counter & dining area, walkout to fenced backyard. Upstairs features large primary bedrm w 2 closets, 1 walk-in and ensuite bathroom. Two other bedrooms on the second floor sharing a full bathroom. Additional space on the second floor great for home office. Large basement waiting for your finishing touches. Minutes to Royal Botanical Gardens, miles & miles of trails, near GO Train, Hwy QEW/403, shopping, dining and easy access to downtown and the waterfront. (id:51158)

For Sale$995,000

362 Plains Road E Unit# 4

Burlington, Ontario

2 Bedrooms3 Bathrooms1419 sqft

Discover a prime live/work opportunity in Burlington, perfectly blending residential comfort with commercial convenience. This property features a spacious 2-bedroom, 2.5-bath unit above a versatile commercial space. The bright, open-concept living room boasts large windows, hardwood floors, and seamless flow into a generously sized dining area, ideal for entertaining. The beautifully designed kitchen includes an island and opens to a private balcony. The unit offers a well-lit bedroom with a 3-pc ensuite, plus a convenient 2-pc bathroom and an ensuite laundry room. The commercial level includes two office spaces and a washroom with visitor parking. Located just minutes from the golf course, Burlington RGB, parks, and the waterfront, this property offers unparalleled access to local amenities and outdoor activities. Embrace the perfect blend of work and leisure in this exceptional Burlington location. (id:51158)

For Sale$2,199,000

306 Oakwood Court

Burlington, Ontario

5 Bedrooms4 Bathrooms2200 sqft

Gorgeous 2-storey family home with several updates in highly sought after Roseland neighbourhood! This meticulously maintained 4+1 bedroom, 3.5 bathroom has a fully finished basement with walk-up to garage. Nestled on a quiet court with a covered front porch, just steps to John T. Tuck elementary school. Beautifully landscaped backyard oasis with a heated inground pool, pond, gas fire pit and built-in BBQ surround. Floor plan in supplements. Attach Schedule B. (id:51158)

For Sale$4,500,000

3020 First Street

Burlington, Ontario

5 Bedrooms6 Bathrooms6166 sqft

Discover a timeless and elegant residence in the prestigious Roseland community, where classic architectural design meets contemporary sophistication. This five-bedroom home spans over 4,500 sq ft, with an additional 1,700 sq ft on the lower level, offering an exceptional living experience. Nestled on a double lot, the property boasts a commanding street presence, surrounded by mature trees that provide unmatched privacy. Inside, you'll be greeted by grand and spacious formal rooms, featuring a cozy fireplace and built-in shelving. The separate dining room accented with French doors leads to a charming sunroom with large windows and multiple walkouts that open to serene gardens and pool. The backyard is a rare and enchanting oasis, even by Roseland's high standards. The primary bedroom retreat is a luxurious sanctuary, bathed in natural light and features a five-piece ensuite, a walk-in closet, a bar area, and a convenient two-piece bathroom. The fully finished lower level adds valuable living space, including a games area, theatre, workout space, and office. A triple-car garage with EV Charger completes this extraordinary property, which seamlessly blends historic charm with modern amenities. Located within the top-rated Tuck/Nelson school district, this home truly stands out as one-of-a-kind. (id:51158)

For Sale$514,900

1276 Maple Crossing Boulevard Unit# 1508

Burlington, Ontario

1 Bedrooms1 Bathrooms720 sqft

It’s all included in the price price! A storage Locker, Parking Space, Gym, Swimming Pool, Squash/Racquet/Tennis Courts a Fabulous Million Dollar View of Lake Ontario and the Escarpment for ½ the price of properties with the same view on Lakeshore Road in downtown Burlington! Some days you can even see the Toronto skyline. An exquisite 1-bedroom plus den unit with an abundance of natural light flooding through floor-to-ceiling windows in every room. A breakfast counter, dining room and spacious living room are great for entertaining guests. A bright Den is a great place to work or read. The bedroom space allows for many bed suite sizes and offers ensuite privileges to a 4 pc bath. The laundry suite is inside the unit is a major convenience! Now here is the best part the condo fee includes the heat, hydro, cable tv and water! (id:51158)

For Sale$659,000

5250 Lakeshore Road Unit# 1009

Burlington, Ontario

1 Bedrooms2 Bathrooms1365 sqft

Bright and spacious waterfront condo at the Admiral's Walk in South East Burlington. 1365 sq ft includes a large living room with separate dining space and walkout to escarpment-view balcony. Primary bedroom with 4 piece ensuite, walk in closet and 3 additional storage closets, bright kitchen with ample storage space and large den. The building amenities include an outdoor pool, gym, workshop, party room and more while being steps from shops, parks and trails. 1 Bedroom, 1.5 Bathrooms. (id:51158)

For Sale$999,000

993 Cloverleaf Drive

Burlington, Ontario

4 Bedrooms2 Bathrooms1031 sqft

Nestled within the desirable Aldershot South neighbourhood, this beautifully maintained 2+2-bedroom home represents a rare opportunity for first-time buyers, savvy investors, and growing families alike. Boasting a prime location on a peaceful sought after family friendly street, this residence offers the serenity of suburban living with unparalleled access to local amenities, schools including Saint-Philippe Catholic Elementary and major highways for easy commuting. Step inside to discover the warmth of hardwood floors throughout, paired with elegant ceramic flooring, The spacious dining area, complete with a walk-out to the well-manicured rear 160ft deep yard. The generous mudroom, featuring convenient storage solutions, provides seamless integration between the single car garage and interior entry of the home. beautifully landscaped front garden, an expansive front porch perfect for leisurely evenings, and a private, fully fenced rear garden with a concrete patio, 2 garden sheds and mature trees. Additional living space abounds in the finished lower level, offering two versatile bedrooms—one currently utilized as a home office—and a comfortable recreation room plus a modern three-piece bathroom. With ample storage space remaining, this house is not only a place to live but a home to grow into and cherish for years to come. (id:51158)