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 SaleOPEN HOUSE$1,079,900

4486 Longmoor Drive

Burlington, Ontario

4 Bedrooms2 Bathrooms2433 sqft

Welcome to this beautifully updated 3+1 bedroom, 2 full bathroom detached raised ranch, nestled in the sought-after Longmoor neighbourhood of South Burlington. Perfectly situated for families, commuters, and anyone who enjoys convenient access to all the best amenities, this home is just steps away from parks, top-rated schools, shopping, and public transportation. The home boasts a bright, spacious, open-concept layout, with upgraded flooring and fresh paint. The recently renovated kitchen features modern finishes, sleek cabinetry, and ample counter space, making it ideal for cooking and entertaining. Both bathrooms have also been fully updated, offering contemporary design and comfort. The main floor features a generous living room that flows into the dining area. At the same time, the lower level includes a separate entrance with a cozy family room, a fourth bedroom, a convenient full bathroom, and the potential for a secondary unit. Whether hosting guests or enjoying quiet family time, this home offers the flexibility and comfort you need. Outside, the home is surrounded by a beautifully landscaped yard with plenty of space for outdoor activities and relaxation. With its proximity to key amenities, including parks, schools, and shopping, this location offers the perfect blend of suburban tranquility and urban convenience. Don’t miss out on this fantastic opportunity to own in one of Burlington's most desirable communities. Book your private showing today! (id:51158)

For Sale$1,299,000

2344 Woodward Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1348 sqft

Amazing 2 story home in a fantastic south Burlington location! This 3-bedroom, 1.5 bath home is approximately 1,350 square feet and sits on an oversized 50 ft x 150 ft lot! This home has been beautifully maintained / updated inside and out. The main floor of the home boasts plenty of natural light with hardwood flooring throughout. The spacious living room leads to a well sized dining room. The spacious kitchen features white cabinetry, quartz countertops, a white tile backsplash and is completely open to the family room! The main level also has a spacious powder room and a mud room with access to the backyard oasis! The second floor of the home features 3 bedrooms and a 4-piece bathroom. The unfinished lower level includes laundry and plenty of storage space! The exterior of the home features a beautiful backyard with mature landscaping, a wood deck and 2 large storage sheds! There is parking for six vehicles on the driveway and there are no rear neighbours! This home is located close to all amenities, the GO station, highways and downtown Burlington! (id:51158)

For SaleOPEN HOUSE$1,499,000

4275 Millcroft Park Drive Unit# 15

Burlington, Ontario

3 Bedrooms4 Bathrooms1972 sqft

A rare bungaloft with a double car garage backing onto the Millcroft Golf Course! This spacious unit offers approximately 2000 square feet plus a finished lower level! The sprawling floorplan offers 2+1 bedrooms and 4 full bathrooms! The main level includes hardwood flooring throughout and large principle room sizes. The foyer leads to the large eat-in kitchen with soaring ceilings, airy white cabinetry with plenty of storage and granite count tops! There is also a large dining room and a family room with vaulted ceilings, a gas fireplace and access to the private yard overlooking the 17th hole of the golf course. The main floor primary bedroom includes a walk-in closet and a 3-piece ensuite. There is also a spacious 2nd bedroom, 4-piece bathroom, and a mud room with garage access (laundry can be easily relocated here). The loft includes a large open area, oversized walk-in closet and a 4-piece bath! The finished lower level includes a large rec / family room with a gas fireplace and wet bar, 3-piece bathroom, 3rd bedroom, laundry room, cedar closet and plenty of storage! The exterior of the home features a double car garage plus a double wide driveway. This unit sits in a quiet complex- perfect for retirees and empty nesters. Situated in the sought after Millcroft community and close to all amenities! (id:51158)

For SaleOPEN HOUSE$1,789,900

1432 Olga Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms1960 sqft

Welcome to this beautifully designed family home, where thoughtful details bring together style and everyday comfort. The open-concept floorplan showcases coffered ceilings, hardwood floors, and pot lights, creating a warm and inviting space. The dining area, complete with a beverage centre and bar, is perfect for entertaining, while the chef-inspired kitchen impresses with a massive island, high-end appliances including a 36”Viking gas range, Paykel and Fisher panelled refrigerator, appliance garage, pot filler, and more.The living room centre's around a cozy gas fireplace, accented by dual patio doors that blend indoor and outdoor living.Enjoy main floor laundry, a mudroom, and direct garage access inclusive of an electric car charger. Upstairs, hardwood floors continue through four well-appointed bedrooms, each with built-in closet organizers. The owner’s suite offers a king-sized space, complete with vaulted ceilings, walk-in closet and ensuite featuring a large glass shower, air tub, double sinks, and heated floors—a true sanctuary at home. The finished lower level expands the home’s versatility, equipped as a complete in-law suite or adaptable as a rec-room or home office, enhanced by newer carpet and pot lights. Outside a backyard oasis awaits, featuring a covered patio with 2 skylights, a wood-burning fireplace, turf for easy maintenance, and a wired hot tub area, patio and shed. A newer fence and landscaping surround the outdoor space, and an underground sprinkler system keeps the front yard lush and inviting. Beyond the home, you'll enjoy an unbeatable location in one of Burlington's most sought-after neighbourhoods. Steps from downtown Burlington. This home places you within easy reach of the city’s best restaurants, boutiques, and beautiful waterfront. Schools, parks, and community amenities are all nearby, making this an ideal location.With quick access to highways and transit, commuting is a breeze, blending suburban tranquility with urban convenience. (id:51158)

For Sale$1,139,000

148 Boxley Road

Burlington, Ontario

3 Bedrooms2 Bathrooms1348 sqft

Now get into this amazing home with less money down! New mortgage rules mean you can buy this property with less than 20% down payment. Thoughtfully upgraded bungalow in the tranquil Elizabeth Gardens neighborhood of Burlington, Ontario. Just a short stroll from the lake, this home offers the perfect blend of modern convenience and a charming ambiance. The open-concept kitchen and dining/living room space, with its rustic touches, is ideal for entertaining. With three bedrooms and two bathrooms, there's plenty of space for family and guests. The primary bedroom can be easily converted back into two separate bedrooms, offering flexibility for your needs. Escape to the private backyard oasis, complete with a saltwater, inground pool the perfect place to unwind and enjoy summer days. The finished basement with separate entrance presents a fantastic opportunity to create a legal apartment, adding even more value to this already attractive property. This delightful bungalow is also close to all the amenities you could ask for, including shops, restaurants, schools, and parks. Easy access to highways and the GO Train allows for a quick commute to downtown Toronto or points west. Whether you're a young family, a growing couple, or someone who enjoys an active lifestyle, this location offers something for everyone. The Basement has the opportunity to be converted into a legal basement apartment. Design and Contractor quotes available upon request. (id:51158)

For Sale$1,199,900

5140 Oakley Drive

Burlington, Ontario

3 Bedrooms4 Bathrooms2057 sqft

Tremendous value for a detached home in one of the most desirable neighbourhoods in Burlington. This home has optimized the interior living space by providing a thoughtfully designed open concept kitchen/dining/living room on the main floor that is perfect for entertaining family and friends. The sliding door from the kitchen to the expansive backyard is an extension of this livable space and offers a deep lot that proudly hosts cherry, pear and apple trees. The main floor is complete with a 2-piece bathroom and soaring entry way. Unique to the neighbourhood is a primary bedroom retreat that includes a walk-through closet to an ensuite bathroom… an added bonus since the second floor was customized to include this convenient feature. Two more spacious bedrooms and another full bathroom highlight this level. The finished basement has a large family room where kids and the man (or woman) child of the house can wreak havoc without impacting the delicately maintained upper levels of the home. Another bathroom (3-pce) and laundry are also integrated into the basement. 5140 Oakley Drive is located in the Orchard, which has some of the highest rated elementary and high schools in Burlington. Around the corner is Pathfinder Park which is 1 of only 7 leash-free dog parks in the City. Also, this home is within a short 7-minute drive to both Haber Recreation Centre/Library and Tansley Woods Community Centre/Library. Equally as short of a drive to Bronte Creek Provincial Park (Conservation Area) and quick access to the 407/403. (id:51158)

For Sale$2,349,000

218 North Shore Boulevard W

Burlington, Ontario

4 Bedrooms3 Bathrooms4938 sqft

Charm and character best describe this lovely traditional home located in one of Burlington's most desirable areas, Aldershot, close to Lasalle Park, Burlington golf course, Botanical Gardens, and the Go station. Very private large landscaped lot (100 x 170; 195 x 102) with majestic mature oak and maple trees. The main floor offers a great floor plan with hardwood flooring, crown molding and wainscotting. Theres an inviting living room with a fireplace and a large dining room for those special family get togethers. The well-equipped kitchen has custom millwork cabinetry and granite countertops, island and eating bar opens to a spacious sunroom overlooking the lovely mature gardens. A den, and a cozy family room with a fireplace complete the rambling main level. A large private master bedroom with views of the bay, walk-in closet and ensuite, there are three generous sized additional bedrooms with large closets and picture windows. The lower level offers a large recreation room, exercise area, and lots of storage. Outside there is a stone patio with mature trees and gardens for outdoor enjoyment. Timeless design can be found in this wonderful home in a quiet family neighborhood with easy access to schools, shopping and dining, many amenities close by, QEW, the Go station are all easily accessible. This special property has endless possibilities let your imagination guide you! (id:51158)

For Sale$1,799,000

5087 Forest Grove Crescent

Burlington, Ontario

4 Bedrooms4 Bathrooms2540 sqft

Nestled in the highly sought-after Orchard neighbourhood, this impressive Mattamy-built home seamlessly blends style, comfort, and functionality, making it perfect for modern living. The main level boasts a formal living and dining room, a brand-new kitchen featuring quartz countertops, floor-to-ceiling cabinets, and brand new G/E Café series appliances. A welcoming family room and a spacious den, ideal for a home office, complete the thoughtful layout. The finished basement offers a versatile recreation area, perfect for movie or game nights, a private gym, and ample, well-designed storage space. Outside, the fully landscaped backyard features a large inground, heated pool and a charming covered pergola, creating an oasis for summer enjoyment. The front yard is equally inviting, with a flagstone patio, a multi-vehicle accommodating aggregate driveway, and a double car garage. Located within the catchment of outstanding public and private schools, this large 4-bedroom, 3.5-bathroom home offers over 3000 sq. ft. of total living space and is completely move-in ready. Make it yours today! (id:51158)

For SaleOPEN HOUSE$1,899,900

389 Torrance Street

Burlington, Ontario

4 Bedrooms3 Bathrooms2065 sqft

Stunning century home just steps from downtown Burlington! This charming 4-bedroom, 2.5-bath beauty showcases stunning details throughout, including refinished hardwood flooring, rich wood trim, and solid wood doors. The kitchen is equipped with Heartland appliances, including a six-burner gas stove, and marble countertops. A sunken family room offers heated floors and a cozy wood-burning fireplace with a walk out to the back deck, while the formal living and dining rooms are perfect for entertaining. The second level features three spacious bedrooms, one with a walk-out terrace overlooking the lush backyard, plus a 4-piece main bath. The third-level suite offers a walk-in closet and luxurious 4-piece ensuite bath perfect for a nanny suite or teenager retreat. With two driveways accommodating up to 5 cars, a carriage-house-style 2-car garage, and an unspoiled lower level with side entrance, this home has future in-law suite or income potential. Beautifully landscaped, a cozy front porch and close to schools, parks, Lake Ontario, Spencer Smith Park, The Art Center, and all of downtown Burlington's shops and restaurants. An absolute must-see! (id:51158)

For SaleOPEN HOUSE$724,900

1701 Lampman Avenue Unit# 404

Burlington, Ontario

2 Bedrooms2 Bathrooms1344 sqft

Welcome to this immaculately maintained 2+1 bedroom town home located in Uptown Burlington's vibrant neighborhood of Millcreek! Thoughtfully designed w/a perfect blend of style & functionality, this home offers an exceptional layout for modern living. The main level features a bright, open-concept living & dining area, complemented by sliding doors that walk-out to a private fenced-in patio, perfect for relaxing or entertaining. The kitchen boasts beautiful maple cabinetry, brand new SS appliances, double-sink, walk-in pantry & a large breakfast island w/ample storage, making it a chefs dream. On the second level, you'll find a spacious primary bedroom w/dual mirrored closets & a cozy den/office featuring a walk-out to your own private sizeable balcony. The Jack & Jill 4-piece bathroom complete w/a laundry closet adds convenience & practicality. The third floor is a showstopper, offering a sun-drenched loft space w/architectural charm, a large mirrored closet & a bonus storage room, perfect as a guest suite, home office, or creative studio. Situated in a lively, amenity-rich neighborhood, this stunning home is minutes away from major highways, parks & trails, shopping, dining & entertainment. Don't miss your chance to own this incredible townhouse- schedule a showing today! (id:51158)

For Sale$859,900

5188 Lakeshore Road Unit# 210

Burlington, Ontario

2 Bedrooms2 Bathrooms1286 sqft

Welcome to sophisticated comfort in prestigious Southeast Burlington! This stunning 2-bed, 2-bath suite in the highly sought-after Waterford Place combines elegant living with lake views and convenience. The bright, open-concept layout features soaring 9-ft ceilings and generous windows that flood the space with natural light. The designer kitchen showcases premium quartz countertops, sleek stainless-steel appliances and abundant cabinet space with stylish pot lighting. A luxurious primary suite offers a walk-in closet and newly renovated ensuite bathroom (2022) with a double vanity. The convenient in-suite laundry with additional storage adds to the functionality of this home. Enjoy your morning coffee or evening relaxation on the private balcony. Take advantage of resort-style amenities including a fitness room, hot tub, party room, and beautifully landscaped grounds with a lakeside gazebo and BBQ areas. The building offers secure FOB entry, wheelchair accessibility, underground parking, and ample visitor parking. Just steps to Lake Ontario's waterfront trails, restaurants and shopping, this meticulously maintained residence offers the perfect blend of luxury, comfort, and convenience. Don't miss this rare opportunity! (id:51158)

For Sale$549,999

457 Plains Road E Unit# 322

Burlington, Ontario

2 Bedrooms1 Bathrooms657 sqft

The Ultimate Luxury Living! Welcome to this stunning 1 bedroom plus 1 den condo unit with western facing exposure. This modern design offers an open-concept kitchen with granite counter tops, modern stainless steel appliances, expansive windows that flood the space with natural light, and a charming 50 sq/ft private patio. Indulge in Jazz Condominiums impressive amenities, including the state of the art gym/fitness studio, a spacious party room complete with a pool table, fireplace, top of the line kitchen, an outdoor patio/BBQ area and ample visitor parking. Complete with one underground parking space and a private storage locker. Just moments away from top shopping locations; Mapleview Mall, vibrant Burlington downtown centre, the Aldershot GO Station, and public transit, providing effortless access to Highways 403, 407, the QEW, scenic walking trails/parks, the Waterfront Trail and much more. Don't miss out—schedule your showing today! (id:51158)