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$3,950,000

4014 Lantern Lane

Burlington, Ontario

5 Bedrooms5 Bathrooms5143 sqft

Grand custom built executive residence with backyard paradise is situated on a private court in a prime Lakeshore community in Burlington. This five bedroom home offers 5,143 square feet of living space plus a fully finished lower level. Features of this home include nine foot ceilings, a two-storey foyer, formal living and dining rooms, family room with double-sided gas fireplace, main floor office and laundry, hardwood flooring, crown mouldings, five baths, six fireplaces, sauna, wine cellar, custom wet bar, sun room overlooking the pool/waterfall/gardens, central vacuum, speakers throughout, motorized pergola, and so much more! Massive pie-shaped lot (176 deep and 148 at widest point) offering an inground heated gunite pool with stone waterfall, hot tub, gazebo w/kitchenette and changeroom, beautiful and lush gardens & landscaping including hydrangeas and Japanese maple, flagstone and aggregate patios, an inground sprinkler system and complete privacy! This home lacks nothing that you could hope for or dream of. Prime location with its proximity to the lake, shopping, restaurants,lake, highways, transit, high-rated schools with the best sports facilities, and so much more! Your search ends here! Welcome HOME!! View the comprehensive photo gallery at https://listings.northernsprucemedia.com/sites/qaaebbp/unbranded. Don't miss this one! (id:51158)

For Sale$699,800

370 Martha Street Unit# 510

Burlington, Ontario

1 Bedrooms1 Bathrooms575 sqft

This modern and cozy one Bedroom and one full Bathroom is located in Burlington's Brand new Nautique Building located across the beautiful Burlington Harbour on Lakeshore. Conveniently Located on the fifth floor directly overlooking the Swimming pool with a view of the lake, it also features clean lines, modern concept, floor to ceiling windows, excellent indoor & outdoor building amenities, including a swimming pool, 20th floor sky lounge, fire pits, yoga studio, fitness centre. Enjoy a short walk to the Lake. Spencer Smith Park, downtown Burlington's cafes, restaurants and shops. Experience all that living in Downtown Burlington has to offer in this 24-hour concierge building. The apartment includes one parking space and one Locker. (id:51158)

For Sale$659,900

100 Burloak Drive Unit# 1214

Burlington, Ontario

2 Bedrooms2 Bathrooms995 sqft

Enjoy condo living by the lake in this 2-bedroom, 2-bathroom 2nd floor apartment with laundry, that offers stunning lake views from your balcony. Enjoy your golden years in your own home, watching the sunrise with a coffee or tea from your bedroom or balcony or if you are feeling inclined, while walking in the park by the lake. Your new home includes a spacious primary bedroom with ensuite bathroom and double closets and a second bedroom perfect for guests or a home office. The laundry room has shelving for storage and a laundry tub. 1 car parking (#149) and locker (#7) are included. Make new friends at the indoor pool & fitness center, library with pool table, card games room or at the onsite restaurant. Weekly trips to the grocery store and or doctor are available. There is a 24 hr Nurse on site and weekly doctor appointments may be available if required. This home provides both assisted if needed and unassisted living and gives you the option to transition seamlessly from either if required, without having to move, all the while owning your own home. Fees include, 1 hr of monthly house cleaning as well as a $250 credit at the restaurant. See additional attached brochures for more club info. (id:51158)

For Sale$8,800,000

5244 #1 Sideroad - R.r. #6

Burlington, Ontario

4 Bedrooms3 Bathrooms5000 sqft

Please see video attached with additional details. Welcome to a truly exceptional property nestled amidst 111 acres of picturesque rolling hills, lush woodlands, and winding trails. Located just north of Dundas between Appleby Line and Bronte Road, this remarkable estate offers the perfect blend of tranquility and convenience, with Oakville and Burlington a mere 5-minute drive away, providing access to all essential amenities. As you enter this expansive property, you'll be greeted by four distinct residential homes, each offering its own unique character. The main house is 2-story/5000 sq ft and the additional homes are a1,065 sq ft detached bungalow and a spacious 2,960 sq ft duplex providing versatile living options. Currently operating as an equestrian facility, this property is a haven for horse enthusiasts. Several additional buildings are on the property. With its prime location and abundant amenities, this property truly represents the best of both worlds - a serene country retreat just moments away from the vibrant cities of Oakville and Burlington. Don't miss this rare opportunity to own a truly one-of-a-kind estate. (id:51158)

For Sale$1,899,000

2149 Caroline Street

Burlington, Ontario

5 Bedrooms4 Bathrooms4357 sqft

Attention Builders, Renovators, or Savvy Investors! Rare Opportunity in Downtown Burlington Seize the chance to own a very Rare opportunity to own a 79.91' x 150' residential duplex or building lot in Downtown Burlington. Prime location near amenities, shopping, theatre, transit, trails, parks, and the lake. Situated in a highly desirable mature neighborhood surrounded by renovated and newly built homes. Options include: renovate the existing duplex, build one new home up to 5,000 sq/ft, or build two new homes (severance pending). Currently divided into 3 separate leased units. Potential Uses: Continue renting to three individuals for steady income. With an option for a 4th unit in the basement. Subdivide the property into 2 lots for increased value and flexibility. Upgrade rental units for higher-paying tenants. Hold the property for future appreciation or custom home development. Potential for 4-5 townhome development, pending city approval. 48 hours' notice required to access the tenanted dwelling. Property sold as-is with no representation or warranty. Don't miss this unique one-of-a-kind property with endless potential. (id:51158)

For Sale$1,199,000

4400 Millcroft Park Drive Unit# 34

Burlington, Ontario

3 Bedrooms3 Bathrooms1225 sqft

Exceptional freehold raised bungalow END UNIT...the one you have been waiting for! Conveniently located in the highly sought-after Millcroft Villa Grand community. This stunning home sits in a quiet, well-maintained complex, close to parks, restaurants, great schools, shopping, highways & Millcroft G&CC. This bright and spacious 2+1 bed, 3 bath home offers approx. 1700 sq. ft. of living space with the add'l LL laundry, hobby room + plenty of storage. You are immediately wrapped in the warmth of the light that shines through the large attractive windows. The entry level offers the convenience of a bedroom/office + bathroom. Ascend a few steps to the open concept main floor with vaulted ceilings, hardwood floors, beautiful kitchen with solid maple cabinetry, pot lights + granite countertops as well as a walkout to the deck + rear yard. The primary bedroom has California shutters, a walk-in closet + a 4-piece ensuite. The lower level features a large rec room with above grade windows, as well as a certified gas fireplace, a large bedroom and bathroom, perfect for teens, in laws or out-of-town guests looking for privacy. Adding to the attractiveness of this all-brick home is a lovely front porch + a convenient 1.5 car garage with an upper storage area and epoxy covering on the floor. With a doable modification, the garage can be restored to a 2-car garage if the bonus storage is not needed. Private fenced rear yard with a sprinkler system + raised flower bed in a PRIME LOCATION! (id:51158)

For Sale$1,299,000

2025 Maria Street Unit# 807

Burlington, Ontario

2 Bedrooms2 Bathrooms1225 sqft

Fantastic opportunity to live in the prestigious hotel inspired boutique Berkley Condominium. This 2 bedroom/2 bathroom CORNER SUITE (1225 sq ft) with expansive south west facing views and large floor to ceiling windows fills the Suite with natural light all day long! A large foyer welcomes you home. Open concept living room/dining room/kitchen is perfect for every day living and entertaining. Step outside and expand your living space on the wrap around terrace (273 sq ft) with breathtaking views of both the lake and escarpment. Chef inspired kitchen with large island, stainless steel appliances and plenty of storage. The split bedroom floor plan gives you and your guest privacy. A gorgeous primary bedroom with 5 pc spa like ensuite and walk in closet. 2nd bedroom with floor to ceiling window of escarpment views is tucked away with the 3 pcs bath and laundry closet. Thousands spent on upgrades including wide plank white oak flooring, extended island with caesarstone waterfall countertop, upgraded cabinetry, electric fireplace, and freshly painted through out. Shows to perfection. Nothing to do but move in and enjoy! Building amenities include 24 hr concierge, gym, party room with billiards room and outdoor patio, 2 guest Suites and stunning rooftop patio with bbq area. Located in the heart of downtown Burlington steps to shopping and restaurants and a short stroll to Spencer Smith Park and the Lake. This is lifestyle living at its finest! (id:51158)

For Sale$627,900

3200 Dakota Common Unit# B717

Burlington, Ontario

2 Bedrooms2 Bathrooms740 sqft

Newly built prestigious and contemporary Valera condominium located in prime location and highly sought after Alton Village neighbourhood. This stunning 2 bedroom suite with 9 foot ceilings and floor to ceiling windows has 2 full bath and includes 1 underground parking and 1 storage locker (2nd parking available for only $15,000). Efficient and open-concept layout and design with sizeable and functional rooms, far superior to other suites of similar size in the building. Spacious eat-in kitchen with custom island with seating has loads of counter space, quartz countertop, stainless steel appliances with built-in microwave/hood fan, and lots of storage. Luxury vinyl plank flooring throughout main living areas and bedrooms. Primary bedroom has a 4pc ensuite bath and second bedroom (presently an office/den) has access to another 4 pc bath, both with quartz countertops and beautifully tiled. State of the art building with Smart Home technology. Oversized balcony with views of the quiet courtyard, pristine escarpment, and soothing sunsets has faux-wood floor tiles and Zen-like foliage. Amenities include 24/7 concierge/security, outdoor pool with sundeck and lounge, SHQ area, sauna/steam rooms, gym, exercise area, pet-spa, party room with kitchen, foosball table, and theatre. Close to all amenities including highways, transit, GO Station, restaurants, shopping, high-rated schools, Millcroft Golf Club, Hronte Park, and so much more. Your search ends here! Welcome HOME!! (id:51158)

For Sale$12,999,999

5431 Appleby Line

Burlington, Ontario

5 Bedrooms6 Bathrooms

Welcome to your own personal resort style living! Beautiful and meticulously maintained custom built home with 9000 sq ft of living space includes 2 kitchens, 5 Bedrooms and 6 bathrooms. High quality finishes throughout. Large 4 car garage with epoxy flooring. The property offers spectacular and breathtaking views from every angle of the home. The house is surrounded by exquisite landscaping and a salt water pool. It is equipped with 2 hot water tanks, 2 air conditioners and 2 furnaces. A 40x60 work shed is perfect for storage and machinery. The private gate is grand and luxurious. There are many mature fruits trees including apples, pears, plums and grapes. Adjacent to the Burlington Airport. Direct access to Bell School Line and Appleby Line. 88 Acres of flat clear land. Land banking opportunity. Easy access to 407/401/QEW. 5 min drive to the city and shopping. (id:51158)

For Sale$2,250,000

607 Edgewater Crescent

Burlington, Ontario

2 Bedrooms2 Bathrooms2892 sqft

Cottage living in the city! Rare opportunity awaits in one of Aldershot's most coveted neighbourhoods. Nestled next door to the Burlington Golf & Country Club and the Bay, this distinctive property boasts an expansive lot on a tranquil dead-end street. The lush backyard provides a private haven for outdoor enthusiasts with direct access to the harbour for boating and water activities. Enjoy panoramic lake Photos views from a secluded patio just steps from the living room. The gourmet kitchen offers breathtaking bay views, while the open-concept layout effortlessly accommodates both casual family gatherings and formal entertaining. The main level comprises a bedroom, an office and a full bathroom, offering versatile living spaces to suit your needs. The finished basement includes a spacious primary bedroom and a well-appointed bathroom. Two double sided wood burning fireplaces. Jointly owned beach. Don't miss out on this unparalleled opportunity to own on the water - schedule your viewing today! (id:51158)

For Sale$579,999

320 Plains Road Unit# 517

Burlington, Ontario

1 Bedrooms1 Bathrooms688 sqft

Welcome to the beautiful Rosehaven Affinity condominiums, located in the family friendly neighbourhood of Aldershot.  This quiet 1 bedroom 1 bath 688 square foot condo features an open concept modern kitchen, with a large quartz island that is perfect for entertaining or hosting your family dinners.  The living room opens to a beautiful walkout balcony with amazing Northwest views.  Completely carpet free with many upgrades including a beautiful tile floor throughout, extra cupboard space in the kitchen and an accessible bathtub.  It also includes ensuite laundry, extra locker and bike storage conveniently located on the same floor as the unit, and 1 underground parking spot.   The outdoor parking lot offers lots of available visitor parking complete with electric car charging stations. It is the perfect place to entertain friends and family with additional furnished party/meeting rooms available to use with kitchenettes and billiards, yoga room, gym, a beautiful reading nook in the front lobby and a furnished rooftop terrace with lake views, complete with 2 BBQ’s and a fireplace perfect for cozying up with a book to watch a sunset. Located close to restaurants, Mapleview mall, parks, golf, Hwy access,  GO station and schools, this condo has so much to offer for everyone!  Come check it out today! (id:51158)

For Sale$1,349,000

2273 Turnberry Road Unit# 35

Burlington, Ontario

3 Bedrooms3 Bathrooms1740 sqft

This brand new luxurious Branthaven-built three-level townhouse awaits your finishing touches. This is a one-of-a-kind opportunity to move into the sought-after Millcroft area, a well-established neighborhood, with its beautiful golf course, high-ranking schools and lots of shopping within walking distance. Nestled between 407, 403/QEW and Appleby Go Station this townhouse is ideal for those commuting to work. The perfectly designed layout lets in lots of natural light on all levels. There is a large Family Room on the first floor with walk-out to the back yard and inside entry from the garage. The Kitchen-Living-Dining areas on the second floor are open concept and have access to a 17 x 8 ft deck with privacy fence. The Master Bedroom with an en-suite bathroom and walk-in closet, Laundry Room and two other bedrooms sharing the main bath are all on the third floor. There are quartz countertops in the kitchen and all bathrooms. Two separate thermostats ensure that you have adequate heating and cooling on all levels. No need to worry about grass maintenance or shoveling the walkway and driveway, as these services are all included in the low condo fee. One of the best locations in the complex! Come and live a carefree life in this new Branthaven community! (id:51158)