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$1,849,900

2062 Gordie Tapp Crescent

Burlington, Ontario

5 Bedrooms4 Bathrooms3148 sqft

A must see Millcroft Gem, this home’s spaciousness will impress! Several updates and upgrades are evident in this 4+1 bed, 3 ½ bath home. The open concept main floor includes: maple kitch cupboards & stainless appliances b/i ovens, large prep island with sink and room for seating, spacious dining area, great room with h/w floors & gas f/p with view of yard, sliding doors to enclosed patio with retractable screens. In-floor heating, flat ceilings, pot lights and tasteful light fixtures throughout. Main floor also includes separate substantial office space. Lower level is fully finished and includes additional bedroom plus 3pc bath, plenty of organized storage areas. H/W floors on bedroom level, primary bdrm with built-ins and ample closet space, 5 pc bath. Home is finished with concrete drive and walkways, sprinkler system and insulated oversized double garage, gas bbq hookup, & security system. Roof 2016 (id:51158)

For Sale$1,275,000

1477 Lakeshore Road Unit# 1102

Burlington, Ontario

2 Bedrooms2 Bathrooms1456 sqft

Experience luxury living in this stunning 2-bedroom, 2 bathroom condo in a premier downtown building, steps from the lake, Spencer Smith Park, and vibrant shopping and dining. Featuring dynamic views of the lake, escarpment, and city, this open-concept home boasts a bright and welcoming. Enjoy rich hardwood flooring, elegant crown moulding, and large windows that flood the space with natural light. The gourmet kitchen, featuring custom cabinetry, stainless steel appliances, an oversized island, and a designated dining area, is perfect for both everyday use and entertaining. Relax by the fireplace or step out onto the private terrace to take in the gorgeous scenery. Condo amenities include a rooftop patio and pool, concierge service, a party room, a gym with a golf simulator, and a steam room. Includes one underground parking spot and one locker. Perfectly situated near downtown restaurants, shops, and waterfront trails, this home offers the best of downtown living in an unbeatable location! (id:51158)

For Sale$1,124,900

2326 Redfern Road

Burlington, Ontario

3 Bedrooms2 Bathrooms1934 sqft

Fabulous LOCATION - Quality Builder – Lovely, Move-In Ready Detached Bungalow, located on a Quaint Street in Burlington’s CORE District and Steps to Downtown. This lovely home has been well cared for and offers many upgrades and renovations which will be evident as you take your tour. The main rooms are warm and cozy, as well as being the perfect size for entertaining. Hardwood and Tile flooring on the Main Level create a low maintenance & healthier living environment. Open Concept Living / Dining Rooms adds to the Roominess. Entertain here to enjoy family and friends’ meals overlooking the front and side lush gardens. The layout of the Sizeable Kitchen is a Chef's Delight with Generous Cabinetry and Countertops, Under Mount Lighting, a Gas Stove and Large Stainless-Steel Refrigerator. Walkout from the Kitchen or Dining Room to your Private wrap-around Deck and Ground Level Terrace where you can enjoy a Summer BBQ. The Many Large Windows in this home provide Amazing Natural Light. All 3 Bedrooms on this floor have Generous Closets. On the Lower Level you will find a large Family Room, 4th Bedroom with a 4-Piece Ensuite Bathroom, a Kitchenette, Laundry Facilities and Ample Storage, including a Cold Storage area. This area is well suited for young adults, still living at home or as in-law quarters or with necessary changes could become an income suite. There is Convenient Direct Access from the side of this home to the driveway and Oversized Garage. A Must See! R.S.A. (id:51158)

For Sale$2,199,000

199 Penn Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms2592 sqft

Wonderful 5 bedroom, 3.5 bathroom on a quiet cul de sac in South Burlington's esteemed Roseland community, offering over 3350 square feet of family & entertainment enjoyment! The home follows a traditional floor plan with the living room sitting just off of the spacious foyer, the eat-in kitchen features an abundance of cupboard space, granite countertops and a walk out to the large backyard. The formal dining room and cozy family room featuring wainscoting and a gas fireplace sit just off the kitchen. The main floor is complete with a 2-piece powder room and laundry room. The upstairs features a rare opportunity of 5 full bedrooms, the primary suite offers a gas fireplace, 2 skylights, walk-in closet and a 6-piece ensuite. The lower level is fully finished with a rustic brick feature wall, gas fireplace and an English pub style wet bar perfect for those who are looking to entertain friends and family plus a bonus room and 3 piece bathroom. The location and yard is one of a kind, siding onto Tuck creek offering the property a vast amount of privacy with expansive deck and large grass area perfect backyard enjoyment. All this opportunity on a fabulous cul-de-sac with local traffic only, a short walk to Lake Ontario, parks and highly regarded schools and a quick drive to all that Downtown Burlington has to offer, all amenities and major highways. Welcome home... (id:51158)

For Sale$649,900

1237 North Shore Boulevard Unit# 404

Burlington, Ontario

2 Bedrooms2 Bathrooms1253 sqft

Welcome to Harbourlights, where luxury and convenience blend seamlessly in this spacious 2 Bedroom, 2 Bathroom condo. Nestled in the heart of Burlington, this unit offers a lifestyle of comfort and accessibility. The condo boasts an open-concept layout with a generous living area with large windows that flood the space with natural light. Updated bathrooms, kitchen, light fixtures and freshly painted, this unit is ready for you to move right in. Situated near the picturesque lake, you'll enjoy scenic walks and the tranquil beauty of Spencer Smith Park, just steps away. The vibrant downtown Burlington area is within walking distance, providing an array of dining options and charming shops. Whether you're grabbing a coffee at a local caf or enjoying a gourmet meal at one of the city's top restaurants, you'll appreciate the vibrant urban atmosphere. Commuting is a breeze with easy access to major highways, making it simple to travel to Toronto or other nearby cities. The Harbourlights building itself offers a range of premium amenities designed to enhance your lifestyle. Host gatherings in the party room, unwind with friends in the games room, or maintain your fitness routine in the exercise room. On warm days, take a dip in the outdoor swimming pool, or simply relax poolside and soak up the sun. Enjoy the perfect blend of urban convenience and serene lakefront living in one of Burlington's most sought-after locations. (id:51158)

For Sale$699,000

1201 North Shore Boulevard E Unit# 606

Burlington, Ontario

2 Bedrooms2 Bathrooms1330 sqft

This great 2-bedroom, 2-bathroom condo is located in the vibrant heart of downtown Burlington and is ready for you to put your loving touch into making it your own beautiful space! Enjoy stunning views from your private balcony and take advantage of the proximity to Lake Ontario, as you stroll along Spencer Smith Park and Burlington Beach. The spacious kitchen is a culinary enthusiast’s dream, with ample storage and counter space. A versatile sunroom adds extra charm, perfect as a home office, reading retreat, or a cozy spot to sip your morning coffee. Located directly across from Joseph Brant Hospital and within walking distance of local shops and restaurants, this home offers the ultimate convenience to discover the perfect balance of waterfront living and urban comfort in a fantastic community! (id:51158)

For Sale$2,679,000

4286 Clubview Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms3649 sqft

Welcome to 4286 Clubview Drive, an exceptional 2-storey home in Burlington’s prestigious Millcroft community. Situated on a premium lot with uninterrupted views of the 9th and 18th holes of Millcroft Golf Course, and boasting 3649 sqft of total living space, this home offers unbeatable scenery and privacy. Close to top-rated schools and parks, it’s the perfect family retreat. The front exterior impresses with professional landscaping, flagstone walkways, and updated garage doors. Inside, the open-concept main floor features rich hardwood floors, California shutters, and luxurious finishes. The grand foyer leads to a formal living room with an arched window, a formal dining room, and a sun-filled 2-storey family room with a fireplace and soaring arched window. The expansive eat-in kitchen is ideal for entertaining, offering stone countertops, a large island, and ample storage. A private office and laundry room complete this level. Upstairs, the primary suite boasts a spa-like 5-piece ensuite with a stone and glass shower, soaker tub, marble floors, and double vanity. Three additional large bedrooms and a 4-piece bath provide comfort for family and guests. The partially finished basement includes a rec room and 3-piece bath. Your own backyard oasis features an in-ground pool with double waterfalls, a stone retaining wall, an expansive patio, a cabana, and lush landscaping. This is a rare opportunity to own an exceptional home in one of Burlington’s most coveted communities. (id:51158)

For Sale$1,349,000

3150 Bentworth Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2452 sqft

Welcome to 3150 Bentworth Dr. Situated in one of the premier streets in the Palmer Community, close to all amenities and with almost 2500 sq. ft. of luxurious and smartly crafted living space. This is truly the unicorn of homes. The newly renovated open concept main floor provides a warm, sun-filled experience in its living and dining areas thanks to its large bay window and brand new sliding patio doors. The custom kitchen with quartz counters/backsplash, new appliances and engineered hardwood floors, offers incredible functionality and is sure to be a family gathering spot. The main floor features a spacious primary bedroom with an ensuite and walk-in closet along with 2 other well-sized bedrooms, a 2nd full bath and a laundry closet. The lower level features a grand 4th bedroom with a 3-piece bath, a 2nd laundry/storage area and an open concept living and dining area with a 2nd full kitchen. With a separate entrance at grade walkout, the lower level can be a completely separate self contained in-law suite, making this home perfect for big and/or multi-generational families. The backyard is an entertainers dream, with new landscaping and a raised deck among the mature trees providing great privacy. An 8x12 custom built shed in the backyard and an attached garage with a massive loft above provides ample storage for your needs. Both the home and the shed are well protected with a metal roof. All You Need to Do is Unpack! Welcome to 3150 Bentworth Drive. Welcome home. (id:51158)

For Sale$998,000

1576 Kern's Road Unit# 2

Burlington, Ontario

4 Bedrooms3 Bathrooms2626 sqft

Your Dream Townhouse Awaits – Thoughtfully designed with impeccable finishes, this stunning home offers unparalleled quality in the sought-after, family-friendly community of Tyandaga. A rare gem, featuring 4 spacious bedrooms, 3 bathrooms, a fully finished walk-out basement, and garage. As you step inside, the open-concept design immediately invites you in, with an airy, light-filled atmosphere that creates an immediate sense of comfort and space. The chef-inspired kitchen is a true showstopper, boasting an oversized entertainer's island, sleek countertops, and premium appliances—perfect for both gourmet cooking and casual entertaining. The main level flows effortlessly between the dining, kitchen, and living areas, and includes a convenient 2-piece powder room for guests. Upstairs, your oversized primary suite is a private retreat, complete with a generous walk-in closet, a luxurious 4-piece ensuite, sitting area, and your own private balcony. Two additional well-sized bedrooms and a beautifully appointed 5-piece bathroom complete the upper level. The fully finished, walk-out basement is bright and spacious, featuring a large recreation room with a gas fireplace, plus an additional bedroom—ideal for guests or a home office. Step outside to your fenced backyard, offering easy access to the pool and ample space for dining, lounging, and enjoying the outdoors. Professionally renovated and fully permitted, this home is move-in ready with no detail overlooked. Located with convenient access to highways, public transit, top-rated schools, 2 local parks (walking distance), Bruce Trail, golf, and shopping—this townhouse offers the ultimate in both luxury and convenience. (id:51158)

For Sale$649,000

216 Plains Road W Unit# A406

Burlington, Ontario

1 Bedrooms1 Bathrooms1185 sqft

Welcome to this spacious 1-bedroom condo, perfectly situated in the heart of Burlington’s desirable Aldershot neighborhood, within the sought-after Oaklands Green complex. This top-floor unit offers a bright, open-concept layout with abundant natural light, creating a warm and inviting atmosphere for modern living. The living area extends to a private balcony, perfect for enjoying your morning coffee or unwinding after a long day with newly installed carpet a year ago. The generously sized bedroom features large windows, ample space. This exceptional condo includes underground parking spot #46 and a storage locker for your convenience. Residents can also enjoy fantastic amenities such as a party room, games room, and a private library, all within the well-maintained building. Experience comfortable living in a prime location—close to parks, shopping, transit, and more. Book your private showing today! (id:51158)

For Sale$950,000

2022 Atkinson Drive Unit# 10

Burlington, Ontario

3 Bedrooms3 Bathrooms1724 sqft

Welcome to 10-2022 Atkinson Drive, a charming condo townhome nestled in Burlington's highly sought-after Millcroft neighbourhood. This inviting home offers the perfect blend of comfort and convenience, located close to top-rated schools, scenic parks, and transit options. Step into the open-concept main floor, where hardwood floors flow throughout a cozy living room and a thoughtfully designed eat-in kitchen. The kitchen features a large island with drawer storage, ample cupboard space, a stylish tile backsplash, a sunlit over-sink window, and modern light fixtures. A seamless walkout leads to a fully fenced backyard with a stamped concrete patio—ideal for intimate gatherings. A convenient 2-piece powder room completes the main level. Upstairs, the spacious primary bedroom boasts a large closet and a private 4-piece ensuite. Two additional well-sized bedrooms and a shared 4-piece bathroom offer comfort and versatility for family or guests. The finished basement extends the living space with a warm and inviting recreation room highlighted by a stunning stone gas fireplace feature wall and an additional office area for work or study. Don’t miss this opportunity to live in a welcoming community with everything you need just steps away. (id:51158)

For Sale$869,900

1501 Upper Middle Road Unit# 3

Burlington, Ontario

2 Bedrooms3 Bathrooms1610 sqft

Step into this beautifully updated and freshly painted townhouse, perfectly nestled in the village of Nelson Heights in Tyandaga. Main floor boasts hardwood floors throughout a gorgeous eat-in kitchen, spacious dining room with walk out to backyard and a cozy living room with a lovely stone fireplace, provides ample space for entertaining or relaxing in style. Upper level has generously sized bedrooms, including a principal suite that feels like a private retreat. It features a 3-piece ensuite bathroom and a walk-in closet—a true sanctuary at the end of a busy day. Situated at the back of the complex, this townhouse offers privacy and tranquility, with a quiet backyard perfect for morning coffee or evening unwinding. Spacious Laundry room and convenience with inside garage entry from the lower level—no need to brave the elements on cold winter days. Plus plenty of visitor parking for your guests. New windows and sliding door 2023, Furnace 2022, Roof 2023 and Eavestroughs 2024. The location is unbeatable, within walking distance to all amenities, including shops, restaurants, and more. Surrounded by excellent schools and parks, it’s the ideal spot for families, professionals, or anyone looking for a vibrant yet peaceful community. This is more than a house—it’s the lifestyle you’ve been dreaming of. Don’t miss your chance to call this exceptional property your new home. (id:51158)