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$849,900

399 Elizabeth Street Unit# 608

Burlington, Ontario

2 Bedrooms2 Bathrooms1176 sqft

Burlington Lakeshore living at The Baxter. Beautiful and spacious 2 bed 2 full bath unit with 2 underground parking (premium spots next to elevator!) + unit level locker. Large balcony with lake and city views. This move in ready unit is sparkling; freshly painted throughout, includes window coverings and updated flooring. White kitchen with black granite counters, breakfast bar, stainless steel appliances. Walk in entrance coat closet and in suite laundry. Primary suite is complete with walk in closet, ensuite with separate tub and walk in shower. Open concept layout with dining space. 2nd bedroom has walk in closet and full bathroom just outside the door. Ideal floor plan for guest suite/work from home set up. Enjoy 24 hour concierge, 9th floor terrace, party room and exercise room. Imagine waterfront strolls to the pier with your favourite morning brew in hand. An endless supply of dining, festivals, markets, exercise classes and shopping at your doorstep. Easy commuter access to transit/highway. 14 km of paved waterfront trail within sight. Make it yours! (id:51158)

For Sale$1,249,900

697 George Street

Burlington, Ontario

4 Bedrooms2 Bathrooms1261 sqft

Welcome to 697 George Street, a beautifully maintained bungalow in the highly sought-after Central Burlington. Excellent curb appeal with a thoughtfully landscaped front and back yard, complemented by an inviting covered front porch. Inside, modern upgrades feature oak hardwood flooring & potlights throughout the main floor. Main level includes modern kitchen with stainless steel appliances & granite countertops & roughed-in main floor laundry. Open concept spacious living area with cozy fireplace, dining area filled with. natural light from large windows. Three well-sized bedrooms & 4pc bathroom complete the floor. Freshly painted lower. level (2024), features updated windows (2024), separate entrance, upgraded second kitchen (new stove, sink, & cabinets in 2024), 4th bedroom, newly updated 3pc bathroom (2024) & large rec room, perfect for extended family or rental income. Fully fenced private yard offers beautifully arranged landscaping & garden shed. Additional updates include upgraded hydro service & panel (from 100A to 200A, 2024), main floor windows (2016), furnace replaced (2015), new shed & deck (2017). Ideally located just minutes from YMCA, downtown, library, schools & GO train station. (id:51158)

For Sale$699,900

1584 Newlands Crescent Unit# 93

Burlington, Ontario

3 Bedrooms2 Bathrooms1394 sqft

End unit townhome in a serene, family-friendly complex! This charming home is one of the best locations in the enclave and offers convenience and comfort within walking distance to parks & schools. Dining, transit, and highway access all just minutes away. Enjoy nearby visitor parking and a welcoming entrance with built-in storage and a coat area. The main floor features an updated powder room and elegant wood staircase. The bright, white eat-in kitchen is outfitted with stainless steel appliances, leading into a spacious open-concept living/dining area with hardwood floors, a stylish shiplap feature wall, and double sliding doors to the backyard. Step out to a fully fenced, private yard with a patio, BBQ area, and mature trees. A gate at the back provides direct access to greenspace and a playground. Upstairs, the primary bedroom has hardwood floors, built-in closets, and an updated 4-piece bathroom with ensuite privilege. Two additional bedrooms, one with a shiplap wall, offer ample space. The finished lower level boasts a large rec room with laminate floors for extra living space. Updates include Roof (2020), Garage Door (2022) and Fence (2020). One car garage plus one car parking spot. Enjoy summer days at the lifeguarded complex pool. Condo fees cover water, exterior maintenance, and insurance. (id:51158)

For Sale$1,799,000

2134 Berryman Court

Burlington, Ontario

5 Bedrooms4 Bathrooms2914 sqft

Rare opportunity to own an open concept Bucci built home on a pie shaped lot backing onto greenspace and situated on one of Headon Forest's most coveted cul-de sacs. Stunning upgraded entertaining kitchen with oversized island, quartz counters and s/s appliances open to eat-in area and fabulous family room complete with gas fireplace and built-ins. Other desirable features included hardwood flooring, pot lights, 4 generous sized upper bedrooms including a primary retreat with double door entry, sitting area, gas fireplace, walk-in closet and a large 5-piece ensuite. Basement is fully finished with a 5th bedroom, 3-piece bathroom, spacious and bright recreation room with a ground level walk-out to the back garden. Stunning curb appeal with reclaimed brick exterior from the old Hamilton train station, attractive landscaping, amazing second floor deck off kitchen overlooking private backyard with extensive use of Armour stone and a hidden hot tub retreat to enjoy this stunning outdoor setting. (id:51158)

For Sale$649,900

1940 Ironstone Drive Unit# 502

Burlington, Ontario

3 Bedrooms2 Bathrooms860 sqft

Gorgeous updated 2 bedroom + den condo in the sought-after Ironstone with rare 2 underground parking spots! This unit is located on the south-east corner of the 5th floor, providing sweeping southern views! This meticulously cared for space features dark laminate flooring, modern finishes, and is move in ready! The kitchen offers plenty of cabinetry, gorgeous granite countertops, stainless-steel appliances and oversized breakfast bar. The den provides a great flex space and can be used in a variety of ways from a quiet reading nook to a work from home office. The living room is open concept to the other spaces and provides a walk out to the balcony. Bedrooms are both generous in size. The primary bedroom features plenty of natural sunlight from an oversized window, and a beautiful 4 pc ensuite bathroom. In-suite laundry, floor to ceiling windows, and offering tasteful finishes throughout! The building amenities are plentiful – from a beautiful rooftop BBQ area and gardens, gym, party room, concierge and much more! The location can’t be beat with tremendous walkability to restaurants, cafes, shopping and so much more! Close to highway access and public transit. If you’ve been looking for a spacious modern condo, with 2 parking spots and the trendy lifestyle to go with it – this is the one you’ve been looking for! (id:51158)

For Sale$879,000

1121 Cooke Boulevard Unit# 62

Burlington, Ontario

3 Bedrooms3 Bathrooms1722 sqft

Welcome to 1121 Cooke Blvd Unit 62, a stunning 3-bedroom, 3 full bath townhome built in 2020 in Burlington’s vibrant Aldershot Central neighborhood. Perfect commuter location for busy professionals or families, this 1,722 sq ft home features 9ft ceilings, a bright open-concept living & dining area with a walk-out terrace balcony. An upgraded kitchen ideal for entertaining, with coffee bar, island, & floor-to-ceiling pantry. Each bedroom boasts a 4-piece ensuite, the primary bedroom has a spacious walk-in closet, while the other 2 bedrooms have custom closet organizers. Enjoy upscale touches like modern lighting, wide plank laminate flooring, & an upgraded hardwood staircase with iron spindles. Add’l perks include upper-lvl laundry, a 3rd floor office space, & main-floor walkout to backyard & patio. Commuters will love the short walk to Aldershot GO Station, quick hwy access, & nearby LaSalle Park, marina, shops, & restaurants—making this home a blend of luxury & convenience in a prime location. Maintenance covers lawn & snow removal. (id:51158)

For SaleOPEN HOUSE$2,449,900

1016 North Shore Boulevard E

Burlington, Ontario

4 Bedrooms5 Bathrooms4400 sqft

Presenting an extraordinary four-storey home that spans over 4,400 square feet of elegantly designed living space in the esteemed Indian Point neighborhood. This residence exemplifies exceptional craftsmanship and attention to detail. Inside, you’ll find a beautifully crafted custom kitchen with a spacious island, an elegant great room adorned with coffered ceilings, and a striking floor-to-ceiling stone fireplace. The bedrooms boast vaulted ceilings with skylights, while the primary suite features a Juliet balcony and a stunning five-piece ensuite. There is also a gorgeous loft which ideal for the home office with wet bar, fireplace & powder room. The lower level, bathed in natural light from full-size windows, is perfect for a games or media room, complete with a wet bar. The garage is equipped with heated flooring and includes a fully finished loft, ideal for a personal retreat or additional storage, along with a separate staircase leading to the basement. Experience the allure of four distinct decks, featuring a welcoming front porch perfect for enjoying sunset views, and a main upper deck off the kitchen with a custom tempered glass privacy screen. The impressive lower walk-out deck, shielded from the weather, creates a cozy environment for unwinding, while the garage deck offers potential for an outdoor kitchen setup. The extensive landscaping features over 100 tonnes of armour stone and a sophisticated seven-zone irrigation system, enhancing privacy with mature foliage. Conveniently located within walking distance to Spencer Smith Park, scenic lakefront trails, and the finest dining and shopping in downtown Burlington, this home perfectly balances luxury and accessibility. (id:51158)

For Sale$1,995,000

66 Park Avenue E

Burlington, Ontario

4 Bedrooms4 Bathrooms2193 sqft

Welcome to your private oasis in the heart of the city! This beautifully updated two-storey home offers the best of both worlds—urban convenience paired with serene, natural surroundings. Set on a rare 500’ deep lot that backs onto a lush ravine and private forest, this property is truly a nature lover’s dream.Inside, you’ll find a spacious layout with dedicated principal rooms perfect for both everyday living and entertaining. The custom kitchen is a showstopper, featuring an abundance of natural light from large windows that overlook the stunning backyard.Imagine cooking while enjoying the tranquil views of your forested retreat!Upstairs, the second floor boasts three generously sized bedrooms, along with an impressive primary suite. The primary suite includes a walk-in closet, convenient laundry, and a luxurious custom ensuite bath—your personal sanctuary.The fully legal basement suite adds incredible versatility to this property. Whether it’s for extended family, a teenage getaway, or additional rental income to offset your mortgage, the options are endless.With a combination of city living and private nature at your doorstep, this home is a rare find. Don’t miss out on this opportunity to own a piece of paradise! Walk to Lasalle Park, Marina, Schools, restaurants and more! (id:51158)

For Sale$1,495,000

5247 Spruce Avenue

Burlington, Ontario

4 Bedrooms3 Bathrooms2293 sqft

Upscale Living in Desirable South Burlington – Rare to Find, Professionally Updated Top to Bottom Bungalow on a Large Lot (67.13ft back side x 122.22ft on the longest side). Two Full Bathrooms and 3 Skylights on Main Fl, High-End Finishes Including Caesar Stone Countertops with Amazing Centre Island, Stainless Steel Appliances, Hardwood Floors And Beautiful Landscaping. Nothing To Do but Move And Enjoy. Separate entrance to the Fully Finished Lower Level with Additional Bedroom, Kitchenette and Spa-like Bathroom. Great Neighbourhood, Walking Distance To The Lake And Many Amenities. (id:51158)

For Sale$1,499,000

77 Horning Road

Burlington, Ontario

4 Bedrooms4 Bathrooms3052 sqft

Welcome to 77 Horning Rd in Burlington where city living and nature merge to provide the perfect place to call home.  Nestled on 1 acre and surrounded by conservation, trails and a ravine, this home will impress at every turn.  Walking up to the home you will be pleasantly surprised with 2 driveways offering ample parking. Completely renovated from top to bottom in 2022, this gem offers over 3000 sq/ft of total living space.  As you enter the front foyer you are greeted with a practical open concept design that boasts a gorgeous kitchen with premium GE-Cafe fridge, stove and dishwasher.  The center island comes equipped with a built-in slide out microwave.  The kitchen overlooks the dining/family room equipped with a gas fireplace and a walk-out to an elevated terrace with panoramic views of nature and sounds of Grindstone Creek cascade in the distance. The main floor of this home also features 2 generous sized bedrooms. The Primary bedroom has a large walk-in closet and a beautiful 3 piece custom ensuite with large rain showerhead and 6 wall mounted jets for that spa like feeling.  The Primary bedroom also provides access to the terrace and to 2 additional rooms that span the width of the house.  These rooms can be used as an office, sitting room, or additional storage.  There are several windows  that overlook the ravine and skylights to keep this space bright and also provides access to a second deck on the side of the home. The main floor also features 4-pc bath and laundry.  The lower level is just as spectacular and showcases a spacious rec room, another family room, dinette, 2 nice sized bedrooms, 2 additional 3-pc bathrooms and another laundry area.  Perfect for an in-law suite. This home has so much to offer! Check out the virtual tour! Open house Sunday November 17th, 2pm to 4pm (id:51158)

For Sale$659,000

5475 Lakeshore Road Unit# 24

Burlington, Ontario

3 Bedrooms3 Bathrooms1840 sqft

Welcome to Lakeside Living in Burlington! Nestled at the back of the Village by the Lake community, this bright 3-bedroom, 3-bathroom townhome offers privacy and tranquillity, just steps from a children’s playground. It’s a fantastic blank canvas, ready for you to move in as-is or to update and make it your own. Highlights include a large private patio with a deck perfect for outdoor gatherings, an ensuite bath, a brand-new roof (October 2024), and a freshly installed front door (November 2024). Underground parking (2 spots) keeps winter hassle-free, and the community pool is ideal for warm-weather relaxation. Located directly across from Burloak Waterfront Park, this home offers instant access to lakeside trails, beaches, and popular community events like the Burlington Food Truck Festival, VegFest, and Artwalk. Set in the Elizabeth Gardens neighbourhood, renowned for quality schools and a family-friendly vibe, this townhome provides a rare chance to enjoy lakeside living with all the perks of Burlington’s vibrant waterfront. (id:51158)

For Sale$849,900

370 Martha Street Unit# 210

Burlington, Ontario

2 Bedrooms2 Bathrooms741 sqft

Are you ready to live in Luxury? Nautique Lakefront Residence is a way of life that combines world class amenities with easy living. This model is the most desired in the building. The best end unit layout featuring 2 Bedrooms with 2 full bathrooms. You will fall in love with the 741Sqft of sundrenched space featuring an open concept design with modern kitchen with island, floor to ceiling windows, high ceilings, unobstructed views of the rooftop garden, Bedroom with 4pc. ensuite and walkout to a relaxing spacious Terrace with room for lounge area and dining. The Amenities will feel like you are at a high end hotel. Outdoor lap pool surrounding by a grill kitchen and fire pit lounge area, Gym and Yoga studio overlooking the lake, 20th Floor Skylounge with full views of the lake and a party room. for your convenience and safety, there is 24HR concierge. there is 1 Underground spot and 1 Locker. Walk to the lake, Spencer Smith, walking/biking trails, restaurants sporting live music and shopping and go station nearby. (id:51158)