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.

Date (Newest to Oldest) Date (Oldest to Newest) Price (Highest to Lowest) Price (Lowest to Highest) Beds (Highest to Lowest) Beds (Lowest to Highest) Baths (Highest to Lowest) Baths (Lowest to Highest)

Search / Filter Results

Search/Filter Properties

All Property TypesAgricultureBusinessHospitalityIndustrialInstitutional - Special PurposeMulti-familyOfficeOtherParkingRecreationalRetailSingle FamilyVacant Land

All Transaction TypesFor LeaseFor RentFor SaleFor Sale Or Rent

All Building TypesApartmentCommercial ApartmentDuplexFourplexHouseMobile HomeModularMulti-FamilyMulti-Tenant IndustrialNo BuildingOfficesOtherParkingRecreationalResidential Commercial MixRetailRow / TownhouseTriplexUnknownWarehouse

All Construction StylesAttachedDetachedLinkSemi-detached

Bedrooms

Min. 0 1 2 3 4 5 6 7 8 9 10 +

Max. 0 1 2 3 4 5 6 7 8 9 10 +

Bathrooms

Min. 0 1 2 3 4 5 6 7 8 9 10 +

Max. 0 1 2 3 4 5 6 7 8 9 10 +

Price

Min. $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,800,000 $1,900,000 $2,000,000 $2,100,000 $2,200,000 $2,300,000 $2,400,000 $2,500,000 $2,600,000 $2,700,000 $2,800,000 $2,900,000 $3,000,000 $3,100,000 $3,200,000 $3,300,000 $3,400,000 $3,500,000 $3,600,000 $3,700,000 $3,800,000 $3,900,000 $4,000,000 $4,100,000 $4,200,000 $4,300,000 $4,400,000 $4,500,000 $4,600,000 $4,700,000 $4,800,000 $4,900,000 $5,000,000 $5,100,000 $5,200,000 $5,300,000 $5,400,000 $5,500,000 $5,600,000 $5,700,000 $5,800,000 $5,900,000 $6,000,000 $6,100,000 $6,200,000 $6,300,000 $6,400,000 $6,500,000 $6,600,000 $6,700,000 $6,800,000 $6,900,000 $7,000,000 $7,100,000 $7,200,000 $7,300,000 $7,400,000 $7,500,000 $7,600,000 $7,700,000 $7,800,000 $7,900,000 $8,000,000 $8,100,000 $8,200,000 $8,300,000 $8,400,000 $8,500,000 $8,600,000 $8,700,000 $8,800,000 $8,900,000 $9,000,000 $9,100,000 $9,200,000 $9,300,000 $9,400,000 $9,500,000 $9,600,000 $9,700,000 $9,800,000 $9,900,000 $10,000,000 +

Max. $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,800,000 $1,900,000 $2,000,000 $2,100,000 $2,200,000 $2,300,000 $2,400,000 $2,500,000 $2,600,000 $2,700,000 $2,800,000 $2,900,000 $3,000,000 $3,100,000 $3,200,000 $3,300,000 $3,400,000 $3,500,000 $3,600,000 $3,700,000 $3,800,000 $3,900,000 $4,000,000 $4,100,000 $4,200,000 $4,300,000 $4,400,000 $4,500,000 $4,600,000 $4,700,000 $4,800,000 $4,900,000 $5,000,000 $5,100,000 $5,200,000 $5,300,000 $5,400,000 $5,500,000 $5,600,000 $5,700,000 $5,800,000 $5,900,000 $6,000,000 $6,100,000 $6,200,000 $6,300,000 $6,400,000 $6,500,000 $6,600,000 $6,700,000 $6,800,000 $6,900,000 $7,000,000 $7,100,000 $7,200,000 $7,300,000 $7,400,000 $7,500,000 $7,600,000 $7,700,000 $7,800,000 $7,900,000 $8,000,000 $8,100,000 $8,200,000 $8,300,000 $8,400,000 $8,500,000 $8,600,000 $8,700,000 $8,800,000 $8,900,000 $9,000,000 $9,100,000 $9,200,000 $9,300,000 $9,400,000 $9,500,000 $9,600,000 $9,700,000 $9,800,000 $9,900,000 $10,000,000 +

Open House

Search

LOADING

For sale $749,777

4173 Palermo Common

Burlington, Ontario

2 Bedroom 3 Bathroom 1335 sqft

Spacious 3 story townhome built by DiCarlo Homes This unit features 2 large bedrooms, 2.5 baths with nine-foot ceilings on 2nd level! Spacious main level foyer with closet. Second story features eat in kitchen with large balcony with one the best views in complex, very bright and spacious living room, 2 large windows, closet and powder room. 3rd floor features a large master bedroom with his and hers closets and a 4-piece ensuite, another large second bedroom, 4-piece bathroom, and laundry room. Tons of visitors parking!! Appleby Go Station and the QEW are just minutes away. Public transit is just outside doorway, great for commuters. This unit is a must see!!! (id:51158)
Homes for sale in Burlington

For sale $799,900

181 Plains Road W Unit# 41

Burlington, Ontario

2 Bedroom 2 Bathroom 1434 sqft

A stunning executive townhome located in Aldershot which is one of Burlington's most desirable areas. This open concept home is bright and spacious with its 9' ceilings and features gleaming hardwood floors and pot lights throughout the main level. The updated kitchen is sure to impress and features gorgeous dark granite counters, sleek glossy subway tile backsplash, loads of prep and pantry space, modern stainless-steel appliances and a built-in breakfast bar. The spacious dining area is an entertainer's dream and has room for larger table for all your dinner guests and features a walk-out to the private balcony. (BBQ?s permitted!) The living area features large windows for plenty of natural light for curling up with a great book. The convenient 2-piece bathroom by the stairs completes this level. Moving upstairs you'll find 2 large bedrooms finished with hardwood floors, including a primary bedroom with an impressive vaulted ceiling, huge walk-in closet, and enough space for both a king size bed and home office desk. A 4-piece bathroom and convenient laundry complete the upper floor. You'll love the neighbourhood as you'll be just steps to great shops, parks like LaSalle Park by the lake, trails like the Hidden Valley trails, nearby Royal Botanical Gardens, Burlington Golf and Country Club, the GO Train and so much more. Take note of the low condo fee, and plenty of guest parking. This home is a must see! (id:51158)
Homes for sale in Burlington

For sale $1,099,900

1310 Ester Drive

Burlington, Ontario

3 Bedroom 2 Bathroom 1084 sqft

1st time ever offered for sale, original owner. This fantastic family home is sure to please. Over 1737 Square feet of finished space, The home features a large modern kitchen, spacious living room, formal dining room, 3 good sized bedrooms, 1 1/2 baths and fully finished basement complete with recroom with cozy fireplace, finished Laundry room, and bonus a room that could be a extra bedroom, workshop, gym, home office or hobby room the choice is yours! The tranquil backyard has manicured gardens, offers plenty of space to bbq on the deck, catch some sun the patio, sit in the shade under the gazebo or splash around in the large in-ground pool, perfect for cooling off on those hot summer days and all this in the highly sought after Tyandaga neighbourhood. This family home is perfectly located close to highway access, Transit, Schools, Parks, Shopping and of course Tyandaga Golf course is a short walk away! This amazing property is sure to please, so book your private showing today before it's gone! (id:51158)
Homes for sale in Burlington

For sale $1,250,000

567 Kingswood Place

Burlington, Ontario

5 Bedroom 2 Bathroom 1046 sqft

This charming and completely transformed bungalow perfectly balances classic appeal with modern amenities. Featuring 3+2 bedrooms and 2 full bathrooms, it offers ample space for families of all sizes. The open-concept main level enhances the flow of the home, complimented by two fully-equipped kitchens, making it ideal for multi-generational living or entertaining guests. Situated on a nicely landscaped mature 70’x90’ corner lot, the property features a picturesque white picket fence and a serene pergola with a private sitting area—perfect for outdoor relaxation and gatherings. The extra-large detached double-car garage provides generous vehicle storage and ample room for hobbies and projects. Additional highlights include two convenient laundry setups on both the main and lower levels and a separate entrance for the lower-level suite, offering privacy and flexibility. Don’t miss this exceptional opportunity to own a home that combines style, functionality, and a welcoming atmosphere. (id:51158)
Homes for sale in Burlington

For sale $2,650,000

3362 Guildwood Drive

Burlington, Ontario

3 Bedroom 3 Bathroom 2459 sqft

Modern sophistication in South Burlington! Roseland reno - easily mistaken for a new custom home. Situated on a quiet, tree lined street, exterior features natural elements of wood, stone & concrete. Impressive multi-level foyer greets you on entry, heated tile flooring & stunning tiered chandelier-1 of many contemporary lighting fixtures to catch your eye. Chef's kitchen with central island overlooks the dining area-ideal for entertaining. Custom Italian Muti cabinetry, Caesarstone counters & concrete pendant lights. The sunken living room off the kitchen has a double-sided fireplace, floor-to-ceiling windows & connects to the expansive covered porch. Multi sliding glass doors allow for easy indoor-outdoor living & abundance of natural light. Home office is quietly tucked away, along with a guest powder room & convenient mud room. Primary is sure to impress - walk-in closet & private ensuite that could rival any 5-star hotel! The fully-finished LL offers ample additional living space, including a rec room & a games/lounge room. Spacious backyard could easily accommodate a future inground pool. Located in the Tuck/Nelson school district close to amenities & the lake. Homes of this calibre don't come around often! (id:51158)
Homes for sale in Burlington

For sale $779,900

1201 North Shore Boulevard E Unit# 1105

Burlington, Ontario

2 Bedroom 2 Bathroom 1424 sqft

TWO PARKING SPOTS,TWO LOCKERS - 2 Bedroom, 2 Bath Michigan Model in coveted Lake Winds offering Panoramic Views of Lake Ontario and Spencer Smith Park Conveniently located across from Joseph Brant Hospital, waterfront trails and Burlington Beach. Walk to local restaurants and shopping. Parking Spaces #22 (owned) & #143 (exclusive). Locker #'s 13 & 39. (id:51158)
Homes for sale in Burlington

For sale $1,149,000

100 Queen Mary Avenue

Burlington, Ontario

3 Bedroom 1 Bathroom 1800 sqft

Calling all investors and builders! Value is in the land and location. Sever this lot into two extra-deep lots and build two homes! Seize this prime development opportunity and max out your return in this prestigious neighbourhood. Situated on a beautiful tree-lined street in the heart of Aldershot. Close to many desirable amenities, including the waterfront, shopping, restaurants, golf, parks, trails, schools, and more. Quick and easy access to QEW, 403, 407, and Aldershot GO Station. (id:51158)
Homes for sale in Burlington

For sale $1,398,000

602 Jennifer Crescent

Burlington, Ontario

3 Bedroom 3 Bathroom 1380 sqft

Immerse yourself in a world of modern elegance with this meticulously renovated Backsplit Home. Step inside and discover 1380 square feet of thoughtfully updated living space, where high-end materials and fixtures create a luxurious ambiance throughout. The gourmet kitchen is a chef's dream, featuring premium appliances and finishes that inspire culinary creations. The spa-like bathrooms offer a tranquil retreat, perfect for unwinding after a long day. And whether you're entertaining guests or simply relaxing with family, the open-concept layout fosters a sense of connection and togetherness. This prime Burlington location, south of the highway, places you within easy reach of excellent schools and everyday conveniences, making this stunning residence the perfect place to call home. (id:51158)
Homes for sale in Burlington

For sale $1,036,000

1036 Gallagher Road

Burlington, Ontario

4 Bedroom 2 Bathroom 1627 sqft

One owner home in desirable Aldershot neighbourhood. Convenient for commuters and close to schools, GO station, Highway access, RBG, parks and shopping. Major components updated. 4 level sidesplit with full basement. Large yard with workshop/shed and mature gardens. Parking for 4+ vehicles in driveway. Endless opportunities to customize this solid home. RSA (id:51158)
Homes for sale in Burlington

For sale $949,000

2022 Atkinson Drive Unit# 35

Burlington, Ontario

3 Bedroom 3 Bathroom 1449 sqft

Upgraded 1,449 sq.ft. 2 storey townhome in desirable Millcroft location close to all amenities including schools, parks, restaurants, stores, golf course and highway access! Updated kitchen with quartz countertops, breakfast bar and recent stainless steel appliances. Open concept living/dining with pot lighting and walkout to private patio/yard. Primary bedroom with 3-piece ensuite and walk-in closet, fully finished lower level, an attached single garage with inside entry and visitor parking! 3 bedrooms and 2.5 bathrooms. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $949,900

3011 Sandlewood Court

Burlington, Ontario

3 Bedroom 2 Bathroom 1360 sqft

Welcome to your dream home, nestled on a serene and quiet court, yet conveniently close to all the amenities you could need! This charming 3-bedroom, 1.5-bathroom home offers a perfect blend of comfort and functionality in a highly desirable location. This Energy-efficient home is equipped with solar panels, ensuring that your utility bills remain low while you are reducing your carbon footprint, saving you money. As you step inside, you'll immediately appreciate the spacious family room and elegant dining area, which seamlessly connect to the fully fenced, private backyard. This outdoor retreat is a true sanctuary, beautifully landscaped with mature trees, a spacious wood deck, and generous open space—ideal for both relaxation and entertaining. The main floor also features a convenient side entrance leading directly into the well-appointed kitchen. Upstairs, you'll find three generously sized bedrooms, each offering ample closet space and natural light. The finished lower level is finished with a cozy fireplace, providing a perfect spot for unwinding on cooler evenings. This level also includes plenty of storage and a functional laundry room. (id:51158)
Homes for sale in Burlington

For sale $1,450,000

2082 Pine Street

Burlington, Ontario

2 Bedroom 3 Bathroom 2735 sqft

Amazing opportunity to own this 3 Storey Mixed Use Luxury Townhome located in the Heart of the Burlington Village near Lakeshore Rd. Features include over 3600 sqft of space comprised of a two storey residential unit above a Commercial salon on the main floor w/ fully finished functional basement, for added commercial space. Each unit has separate furnaces, A/C and separate entrances offering an independent Live / Work accommodation. Both units are fully leased: Res Unit - $3300/ Month. Comm Unit $2500 / Month. RSA PLEASE DO NOT GO DIRECT!!! SHOWINGS BY APPOINTMENT - SUNDAYS & MONDAYS ONLY. (id:51158)
Homes for sale in Burlington

Open Modal

×