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 $979,900

5232 Stonehaven Drive

Burlington, Ontario

2 Bedroom 4 Bathroom 1544 sqft

Rarely offered completely freehold townhome situated across from John William Boich Parkette in the highly sought after Orchard neighbourhood. This lovingly maintained home has It all. Nine foot ceilings, California shutters, hardwood flooring throughout main floor other than staircase for safety, granite kitchen counter tops, white cabinets with upgraded pot drawers, matching stainless steel appliances, second level laundry, massive primary bedroom with walk In closet and ensuite to match. In the basement find a completely finished space with a powder room for convenience. Outside find a maintenance free space in the front and backyard . Perfect for anyone looking to own a freehold home with little to no exterior maintenance. Situated between the 407 and the 403, and surrounded by schools, parks and shopping centres, 5232 Stonehaven Drive is where convenience and the ideal location meet. (id:51158)
Homes for sale in Burlington

For sale $1,239,000

2025 Maria Street Unit# 1508

Burlington, Ontario

2 Bedroom 2 Bathroom 1153 sqft

Luxurious living at the boutique Berkley Condominium where turnkey elegance meets a vibrant urban lifestyle! This meticulously curated 2-bed, 2-bath “Monterey” model is a prime corner unit, offering breathtaking northwestern views & abundant natural light through stunning floor-to-ceiling glass windows. Enjoy exceptional amenities, including 24-hour concierge service, stylish guest suites, and a fully equipped gym. The party and billiards room provide a perfect backdrop for gatherings, while the rooftop terrace with BBQs is ideal for entertaining. Step into your inviting foyer, featuring 9-foot ceilings and neutral decor that creates a warm ambiance. The stunning Barzotti kitchen is a chef’s dream, offering an 8.5-foot extended island with a bfast/bar, sleek quartz, GE Signature Series SS appliances, and mood-enhancing undermount lighting. The spacious living/dining area showcases engineered wide plank hardwoods and upgraded lighting, with motorized blinds for added privacy and style. The primary bedroom offers tranquil west-facing views, a generous walk-in closet, and a luxurious ensuite bathroom. The second bedroom accommodates a queen bed and features its own walk-in closet. Every inch has been thoughtfully planned with thousands spent in Cali closets! Enjoy summer on your expansive terrace, perfect for al fresco dining. This hotel-inspired condo with side-by-side 2-CAR parking on P1, is conveniently located outside the elevators. Embrace the luxury lakeside lifestyle! (id:51158)
Homes for sale in Burlington

For sale $1,299,999

4129 Pincay Oaks Lane

Burlington, Ontario

4 Bedroom 4 Bathroom 2894 sqft

Welcome to 4129 Pincay Oaks Lane, a stunning two-storey residence nestled in the heart of Burlington, Ontario. This beautifully landscaped home offers a perfect blend of comfort and style, ideal for families seeking both space and sophistication. Upon entering, you are greeted by the warmth of tile and hardwood flooring and the elegance of crown moulding that extends throughout the home. The main floor features a cozy sitting room, perfect for relaxation or quiet reading, and an inviting living room centered around a charming gas fireplace, creating a cozy ambiance during colder evenings. The kitchen is bright and open space offering ample cabinet space, along with a spacious dining room area. Entertaining is effortless here, whether it's a casual breakfast or a festive dinner with friends and family. Upstairs, the home boasts three bedrooms, offering versatility for guests, an office, or a growing family. Each bedroom is generously sized and bathed in natural light, providing a serene retreat after a long day. The fully finished basement presents additional opportunities to tailor the space to your preferences, whether it be a recreation room, home gym, or media center. The potential is endless, awaiting your personal touch to transform it into the ultimate entertainment zone. Located in a desirable neighbourhood, this home enjoys proximity to a wealth of amenities including shopping centres, close to highway access, parks, schools, library, beautiful walking trails and dining options. The community offers a balance of tranquility and convenience, ensuring both relaxation and accessibility in daily life. 4129 Pincay Oaks Lane is more than just a house; it's a place where comfort meets luxury, where every corner reflects careful attention to detail and quality craftsmanship. Discover the charm and convenience of this exceptional residence – your perfect sanctuary in Burlington awaits! (id:51158)
Homes for sale in Burlington

For sale $3,888,222

620 King Road

Burlington, Ontario

5 Bedroom 7 Bathroom 4568 sqft

Indulge in luxury at this exceptional residence! Positioned in a highly sought-after neighbourhood in South Burlington this home is a short walk from downtown & the Burlington Golf & Country Club. This meticulously crafted home spans over 4500 square feet, showcasing charm & unparalleled craftsmanship. Offering 4+1 bedrooms & 7 bathrooms, it seamlessly combines sophistication with comfort, catering to the refined homeowner. The gourmet kitchen, equipped with high-end Fisher & Paykel appliances & a Wolf 6-burner stove, is a haven to those with a passion for cooking. The open-concept layout transitions from intimate family dinners to grand formal gatherings in the dining room. The primary suite serves as a relaxing retreat, featuring spa-like ensuite bathrooms for both partners and a dressing room. Generously sized additional bedrooms, each with its own ensuite bathroom & walk-in closet, further enhance the allure. The finished basement, complete with a full kitchen, living space, bedroom, and bathroom, offers versatility & is ideal for an in-law setup. A mudroom leads to the 3-car tandem garage, ensuring ample parking. The yard is equipped with a full irrigation system, & newly added gazebo out back, perfect for entertaining. Experience the seamless blend of luxury & functionality firsthand! First charge vendor take back mortgage available. Rear yard landscape design supports installation of inground pool, negotiable in purchase. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $1,225,000

5228 Garland Crescent

Burlington, Ontario

3 Bedroom 3 Bathroom 1790 sqft

A beautiful 2-storey home nestled in the family-friendly Orchard neighbourhood. This delightful residence is just a stroll away from schools, parks, and mere minutes from Bronte Creek Provincial Park, shopping, dining and highway access. The property boasts both a stamped concrete double drive and backyard patio. The interior welcomes you with hardwood floors leading to a combined living and dining area. Open-concept floorplan, spacious kitchen features stainless steel appliances, and a walkout to a fully fenced private backyard with stamped concrete deck, natural gas BBQ hookup and a very private rare backyard which doesn't face another house. perfect for entertaining. Alongside an additional family room open to the kitchen. Upstairs, extends through the hallway to generously sized landing which is perfect for an office space. Includes a very large master bedroom with an oversized walk-in closet and 4-piece ensuite. Includes a single-car garage with 2 driveway parking spaces. Don't miss out on this opportunity to live in this very popular family friendly neighbourhood! (id:51158)
Homes for sale in Burlington

For sale $1,599,000

1245 Hammond Street

Burlington, Ontario

3 Bedroom 4 Bathroom 2002 sqft

Welcome to a masterpiece tailored for the astute buyer who values quality, elegance, and luxurious comfort. This stunning home has undergone a complete renovation, transforming it into an oasis ideal for both daily living and entertaining. Step inside to discover exquisite Crema Marfil marble and solid 3/4 inch hardwood floors, complemented by sleek, flat/smooth ceilings throughout. The heart of this home is its modern kitchen, featuring a striking quartz waterfall island and top-of-the-line GE Cafe appliances. Relax by the living room's cozy gas fireplace or unwind in the spacious family room, complete with a second fireplace. With 60 LED pot lights casting a warm glow and California shutters enhancing every window, the ambiance is both inviting and refined. The lower level offers even more space to retreat or host guests, boasting high ceilings, 3 pc bathroom, and a second laundry room for added convenience. Outside, professionally landscaped grounds with lighting and irrigation lead to a Cedar Springs designed backyard oasis. Imagine evenings spent under the gazebo's ambient lighting, dining by a heated saltwater pool with a soothing waterfall feature. Located within walking distance of Burlington's vibrant downtown, lakefront, malls, parks, and schools, with easy access to the GO train and highways, every convenience is at your doorstep. Don’t miss the opportunity to make this exceptional property your own – move-in ready and waiting to welcome you home. (id:51158)
Homes for sale in Burlington

For sale $1,200,000

148 Boxley Road

Burlington, Ontario

3 Bedroom 2 Bathroom 1348 sqft

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)
Homes for sale in Burlington

For sale $1,399,000

2278 Turnberry Road Unit# 13

Burlington, Ontario

2 Bedroom 3 Bathroom 1852 sqft

Bright and airy, this open-concept 2-bedroom semi-detached bungaloft backs onto the 15th green of Burlington's Millcroft Golf Course. The Kingsmill model features 1852 sq ft of living space plus an unspoiled lower level. Highlights of the home include hardwood flooring in the living and dining rooms, cathedral ceilings, expansive windows with California shutters, main floor laundry with storage space, powder room, and a double car garage with inside access. The living room has a cathedral ceiling, gas fireplace, and large bay window. The grand dining room, with a 12' ceiling, is ideal for family gatherings. The kitchen includes quartz counters, plenty of cupboards, and a pantry. The dinette opens to a private, west facing deck with awning, that overlooks the rear yard and golf course. The main level primary suite easily accomodates king-size furnishings and offers golf course views. It includes a 4-piece ensuite bath with a soaker tub, separate shower, a walk-in closet, and an additional double closet with mirrored sliding doors. Upstairs, the second bedroom is spacious with a walk-in closet. The loft area overlooks the main level. A 4-piece bath completes this level. Condo fees cover building insurance, common elements, exterior maintenance and parking. Millcroft is a great Burliington neighbourhood with schools, parks, shopping, restaurants and golf just steps away. Access to Hwy's 407, 403 & QEW are all close by. Don’t miss out on this great opportunity! (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $569,900

2035 Appleby Line Unit# 105

Burlington, Ontario

2 Bedroom 1 Bathroom 880 sqft

Updated, modern, spacious and light-filled, this condo offers an incredible space for first time home buyers, down-sizers and investors seeking single-level ground floor living. With direct walk-out access to fenced-in green space, enjoy your morning coffee outside or host your friends in the expansive living area. Inside, you'll find a beautifully updated interior featuring a stunning white kitchen (2022: Quartz Countertops, Fridge, Dishwasher, Stove, Painted Cabinets), equipped with modern appliances, stylish finishes and an updated chic bathroom (2022: Quartz Countertops, Sink, Taps). A second bedroom is perfect for guests or an at-home office and the ensuite laundry makes this condo a perfect combination of convenience and comfort! Close to shops, restaurants, parks and convenient to public transportation! Now is your chance to secure this perfect space! Contact for a showing today. Additional Upgrades: AC (2022), Luxury Vinyl Flooring (2023), HWT (2024), Interior Paint (2020). (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $1,375,800

3234 Sharp Road

Burlington, Ontario

5 Bedroom 4 Bathroom 2014 sqft

Welcome to 3234 Sharp Rd in the sought after Alton Village neighborhood. This 4+1 bedroom, 3.5 bath home offers a private ravine lot. The main floor features a spacious family room with gas fireplace, newer white kitchen with granite countertops, backsplash and stainless appliances and a lovely separate dining room for family gatherings. Walk out to your private ravine lot complete with an upper deck and a stamped concrete patio, perfect for relaxing after a long day. Upstairs you will find a convenient laundry room, large primary bedroom with walk in closet and lovely4 pc ensuite bath. 3 additional bedrooms and a 4 piece bath complete the upper level. The basement of this home is fully finished offering an additional bedroom, 3 piece bath, great room - ideal for kids toy area or an extra family gathering space - gym area and plenty of storage space! With the main floor freshly painted, hardwood throughout, brand new primary ensuite vanity and many more updates, your family can just move in and enjoy. Alton village is conveniently located walking distance to excellent schools, parks shopping, amenities and the 407. (id:51158)
Homes for sale in Burlington

For sale $359,000

100 Burloak Drive Unit# 2403

Burlington, Ontario

1 Bedroom 1 Bathroom 692 sqft

Hearthstone by the Lake is a private seniors community that stands out from the rest and is just steps from the lake, located at the border of Burlington and Oakville. The moment you walk in the front doors and are greeted by the concierge, you know you've entered somewhere special. There is a monthly membership fee in addition to your standard condo fees, but it covers many of the community specific offerings such as onsite health and wellness care, access to lunch and dinner through the Hearthstone Club, 24/7 emergency personnel, in suite emergency call system, monthly basic cleaning services. This 1 bedroom, 1 bath unit is just the right size with space for a separate dining area off the functional kitchen with tons of storage and an open pass through. In suite laundry, a spacious 4pce bath and a perfectly sized east facing balcony, to give you private outdoor space if you don't feel up to socializing on the grounds. Being top floor means you have the luxury of no upstairs neighbours, and don't forget you'll have one underground parking spot as well as a locker included. Truly needs to be seen to be appreciated! (id:51158)
Homes for sale in Burlington

For sale $1,049,000

1243 Nathaniel Crescent

Burlington, Ontario

2 Bedroom 3 Bathroom 1390 sqft

This home is awaiting your personal touch! Located in a great family oriented neighbourhood. Spacious open concept layout. Bonus finished basement. Enjoy privacy in fully fenced backyard. Conveniently located minutes to Hwy 403, QEW, shopping, schools, transportation, and amenities. Potential to add bedroom in basement. Shingles, A/C, Furnace approx. 5yr.’s (id:51158)
Homes for sale in Burlington

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