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 $1,299,000

483 Walnut Crescent

Burlington, Ontario

3 Bedroom 2 Bathroom 1068 sqft

Beautifully updated bungalow in the desirable Dynes neighborhood, perfectly positioned on a corner lot with mature trees & exquisite landscaping. Main level showcases updated engineered hardwood floors throughout its open concept living, dining rooms & kitchen all flooded with natural light from the abundance of windows. The gorgeous chef’s dream kitchen is equipped with soft-close drawers, pots & pans drawer, island with breakfast bar, quartz counters, SS appliances including gas stove & full-size fridge & freezer! Opening to the fully fenced rear yard: an entertainer's paradise with a large wood deck, patio, mature trees, shed & BBQ area with gas hookup. The main level includes a primary suite with double closet, additional bedroom, main floor laundry & nicely appointed 4pc bathroom with pot lights & soaker tub. The fully finished lower level features an in-law/nanny suite with full kitchen boasting Stainless Steel appliances & granite counters open to recreation room & huge 4pc bath, additional bedroom & storage with 2nd laundry. Be welcomed home by the front walkway & porch plus rarely offered dual driveways with parking for up to 8 cars. Don't miss this opportunity to own a piece of paradise in Dynes just steps to parks, schools, shopping, the lake, transit, & all necessary amenities. (id:51158)
Homes for sale in Burlington

For sale OPEN HOUSE $999,900

196 Grove Park Drive

Burlington, Ontario

3 Bedroom 1 Bathroom 1200 sqft

Welcome to this inviting three-bedroom, one-bathroom bungalow located in the heart of Aldershot Village. This home features a cozy wood-burning fireplace, perfect for those chilly evenings, and an attached garage for your convenience. Central air and vacuum systems ensure comfort and ease of living, while the partially finished basement, with a roughed-in second bathroom, offers endless possibilities for customization. Situated on a generous corner lot, this property provides ample parking for six or more vehicles. The location is ideal for commuters, with the Aldershot GO Station just a short walk away and easy access to the 403 for trips to both Toronto and Hamilton. Enjoy the vibrant community life with downtown Burlington nearby. Walking distance to local schools, parks, shopping centers, and the Aldershot Tennis Club. This charming bungalow offers not just a home, but a lifestyle of convenience and connectivity. Don’t miss the opportunity to make this delightful property your own! Some basement photos virtually staged. (id:51158)
Homes for sale in Burlington

For sale $829,900

500 Brock Avenue Unit# 808

Burlington, Ontario

2 Bedroom 2 Bathroom 1050 sqft

Elegant, sophisticated, stylish and trendy! One of the prettiest layouts of any New Build 2BR unit. The grand feeling of the entrance/hall will have you believing you're in the penthouse suite. Stunning panoramic views and water views from every window! Crisp, clean and modern finishes with luxury vinyl wide plank flooring and 9 ft ceilings throughout. Open concept central living area features a gourmet style kitchen with white cabinets and tiles, lovely quartz counters, stainless steel appliances and a statement piece centre island with waterfall edges. Large dining area and living area with loads of natural light and balcony access with amazing Westerly views. Master bedroom features private balcony access, attractive ensuite with dreamy tiled shower and built-in cabinet closet feature. A main 4pc bath, large in-suite laundry closet with stacked washer & dryer and modern light fixtures throughout put the final touches on this beauty. Absolutely luxurious 22nd floor party room with roof top terrace, 24hr concierge, nicely appointed fitness centre, exclusive underground parking, bike storage and a desirable location all await this home's new refined, professional buyer. (id:51158)
Homes for sale in Burlington

For sale $12,999,999

5431 Appleby Line

Burlington, Ontario

5 Bedroom 6 Bathroom

Welcome to your own personal resort style living! Beautiful and meticulously maintained custom built home with 9000 sq ft of living space includes 2 kitchens, 5 Bedrooms and 6 bathrooms. High quality finishes throughout. Large 4 car garage with epoxy flooring. The property offers spectacular and breathtaking views from every angle of the home. The house is surrounded by exquisite landscaping and a salt water pool. It is equipped with 2 hot water tanks, 2 air conditioners and 2 furnaces. A 40x60 work shed is perfect for storage and machinery. The private gate is grand and luxurious. There are many mature fruits trees including apples, pears, plums and grapes. Adjacent to the Burlington Airport. Direct access to Bell School Line and Appleby Line. 88 Acres of flat clear land. Land banking opportunity. Easy access to 407/401/QEW. 5 min drive to the city and shopping. (id:51158)
Homes for sale in Burlington

For sale $2,250,000

607 Edgewater Crescent

Burlington, Ontario

2 Bedroom 2 Bathroom 2892 sqft

Cottage living in the city! Rare opportunity awaits in one of Aldershot's most coveted neighbourhoods. Nestled next door to the Burlington Golf & Country Club and the Bay, this distinctive property boasts an expansive lot on a tranquil dead-end street. The lush backyard provides a private haven for outdoor enthusiasts with direct access to the harbour for boating and water activities. Enjoy panoramic lake Photos views from a secluded patio just steps from the living room. The gourmet kitchen offers breathtaking bay views, while the open-concept layout effortlessly accommodates both casual family gatherings and formal entertaining. The main level comprises a bedroom, an office and a full bathroom, offering versatile living spaces to suit your needs. The finished basement includes a spacious primary bedroom and a well-appointed bathroom. Two double sided wood burning fireplaces. Jointly owned beach. Don't miss out on this unparalleled opportunity to own on the water - schedule your viewing today! (id:51158)
Homes for sale in Burlington

For sale $3,700,000

389 Belvenia Road

Burlington, Ontario

5 Bedroom 5 Bathroom 3819 sqft

This custom home in the sought-after Shoreacres Community of South East Burlington’s Tuck/Nelson school district offers over 5500 sq. ft. of luxurious living space on a 60 x 151 ft lot. It features 5 bedrooms, 5 bathrooms, an electrified pavilion, a 550 sq. ft. cedar entertainment deck, and perennial gardens. High-end finishes include upgraded millwork, extra-high solid doors, integrated vents, custom cabinetry, spray foam insulation, and 200 amp service. The main level has a grand foyer, 18 ft ceiling living room, a chef’s kitchen with PM fine cabinetry and top-tier appliances (Wolf, Sub Zero, Asko), a servery with wine fridge and pot filler, bespoke range hood, separate spice kitchen, and under-cabinet lighting. The family room boasts a gas fireplace with granite surround, custom cabinetry, and garden views. This level also includes a dining room, office, 5th bedroom, 3-piece bath, and mudroom to the garage. Upstairs, the primary bedroom features a coffered ceiling, a walk-in closet, and a 5-piece ensuite with heated floors. 3 additional bedrooms with bathroom access and a laundry room with quartz countertops on this level. The lower level offers above-grade windows, a full bath, and an open-concept layout easily convertible to private spaces. The exterior showcases a stone and brick facade with landscaped gardens. Conveniently near Centennial bikeway, Nelson Recreation Centre, commuter routes, and Appleby GO station, this home uniquely combines luxury and convenience. (id:51158)
Homes for sale in Burlington

For sale $579,999

320 Plains Road Unit# 517

Burlington, Ontario

1 Bedroom 1 Bathroom 688 sqft

Welcome to the beautiful Rosehaven Affinity condominiums, located in the family friendly neighbourhood of Aldershot.  This quiet 1 bedroom 1 bath 688 square foot condo features an open concept modern kitchen, with a large quartz island that is perfect for entertaining or hosting your family dinners.  The living room opens to a beautiful walkout balcony with amazing Northwest views.  Completely carpet free with many upgrades including a beautiful tile floor throughout, extra cupboard space in the kitchen and an accessible bathtub.  It also includes ensuite laundry, extra locker and bike storage conveniently located on the same floor as the unit, and 1 underground parking spot.   The outdoor parking lot offers lots of available visitor parking complete with electric car charging stations. It is the perfect place to entertain friends and family with additional furnished party/meeting rooms available to use with kitchenettes and billiards, yoga room, gym, a beautiful reading nook in the front lobby and a furnished rooftop terrace with lake views, complete with 2 BBQ’s and a fireplace perfect for cozying up with a book to watch a sunset. Located close to restaurants, Mapleview mall, parks, golf, Hwy access,  GO station and schools, this condo has so much to offer for everyone!  Come check it out today! (id:51158)
Homes for sale in Burlington

For sale $714,900

246 - 2075 Walker's Line

Burlington, Ontario

2 Bedroom 2 Bathroom

Urban living meets natural beauty in this stunning 2-bedroom 2-story, condo-town, nestled against a private ravine. Step into a spacious, open-concept living room adorned with a charming fireplace, perfect for cozy evenings. Relax on the expansive balcony, offering breathtaking views of the lush ravine. The kitchen boasts modern amenities including a new stove, over-the-range microwave, dishwasher, and fridge. Indulge in luxury with a 2-piece main bath featuring heated floors, adding warmth and comfort to your daily routine. The oversized master bedroom includes its own private balcony, providing a peaceful retreat overlooking the serene ravine. Upstairs, discover a renovated 4-piece bath also with heated floors. Freshly Painted Walls. Staircase and Main Floor Await Your Personal Flooring Touches, with Carpet Removed and Ready for Your Selection. 1290sq.ft **** EXTRAS **** Enjoy an extra-large storage room at the back of the garage, ensuring ample space for all your belongings or a workshop.*For Additional Property Details Click The Brochure Icon Below* (id:51158)
Homes for sale in Burlington

For sale $1,599,000

554 Clark Avenue

Burlington, Ontario

3 Bedroom 3 Bathroom 1974 sqft

Welcome to this stunning new rebuild in the heart of DT Burlington. Approx 2000 sf above grade plus a finished lower lvl with plenty of storage. All work completed with city of Burl approvals and permit. Final occupancy is completed. Amazing home for young family/professionals/empty nesters who dream of living in our vibrant downtown and waterfront amongst the various patios/eateries and boutiques. Completely rebuilt by professional licensed trades and general contractor. All windows, doors, Hardy Board siding, aluminum soffits/facia/eaves, all roof sheathing venting and shingles, all spray and batt insulation, all wiring inc new hydro stack/meter, panel and breakers, all plumbing/venting/fixtures, all HVAC inc hot and cold runs/Central Air/Older inspected furnace, drywall, Canadian engineering wide oak (natural) flooring, quality millwork, gourmet custom kitchen with beautiful ss appliances/ quartz counters and backsplash/, upper and lower stairs with glass railings, main floor office and privately located bedroom steps to 3piece bath, huge natural light shinning through many large windows, two sty family room with six foot patio door and floor to ceiling Venetian Plaster gas fireplace and barn beam mantle - will accommodate up to 85 inch tv. The upper lvl primary bedroom is lovely with cottage roof ceilings, a large ensuite and wall to wall walk in closet. New landscaping - two asphalt driveways with a cart-path joining, new sod and cedar trees, fencing and privacy blinds. (id:51158)
Homes for sale in Burlington

For sale $1,349,000

2273 Turnberry Road Unit# 35

Burlington, Ontario

3 Bedroom 3 Bathroom 1740 sqft

This brand new luxurious Branthaven-built three-level townhouse awaits your finishing touches. This is a one-of-a-kind opportunity to move into the sought-after Millcroft area, a well-established neighborhood, with its beautiful golf course, high-ranking schools and lots of shopping within walking distance. Nestled between 407, 403/QEW and Appleby Go Station this townhouse is ideal for those commuting to work. The perfectly designed layout lets in lots of natural light on all levels. There is a large Family Room on the first floor with walk-out to the back yard and inside entry from the garage. The Kitchen-Living-Dining areas on the second floor are open concept and have access to a 17 x 8 ft deck with privacy fence. The Master Bedroom with an en-suite bathroom and walk-in closet, Laundry Room and two other bedrooms sharing the main bath are all on the third floor. There are quartz countertops in the kitchen and all bathrooms. Two separate thermostats ensure that you have adequate heating and cooling on all levels. No need to worry about grass maintenance or shoveling the walkway and driveway, as these services are all included in the low condo fee. One of the best locations in the complex! Come and live a carefree life in this new Branthaven community! (id:51158)
Homes for sale in Burlington

For sale $1,275,000

1 - 600 Maplehill Drive

Burlington, Ontario

3 Bedroom 3 Bathroom

Welcome to the Gala Community with a French Country feel, rustic warmth & modest farmhouse design. Soon to be built 2-storey end unit townhouse by DiCarlo Homes located in South Burlington on a quiet and child friendly private enclave. The Spartan model offers 1551 sq ft, 3 bedrooms, 2+1 bathrooms, high level of craftsmanship including exterior brick, stone, stucco & professionally landscaped with great curb appeal. Main floor features 9 ft high California ceilings, 4-1/8 base boards throughout, Oak handrails/spindles & Satin Nickel door hardware. Open concept kitchen, family room & breakfast area is excellent for entertaining. Choose your custom quality kitchen cabinetry from a variety of options! Kitchen includes premium ceramic tile, double sink with pull out faucet & option to upgrade to pantry & breakfast bar. 2nd floor offers convenient & spacious laundry room. Large primary bedroom has private ensuite with glass shower door, stand alone tub, option to upgrade to double sinks & massive walk-in closet. Additional bedrooms offer fair size layouts and large windows for natural sunlight. All bedrooms include Berber carpet. *Bonus $25,000 in Dcor Dollars to be used for upgrades, and Level 1 Hardwood in Great Room and Main Hall (limited time only).* This location is walking distance to parks, trails, schools Burlington Mall & lots more! Just a few minutes highways, downtown and the lake. DiCarlo Homes has built homes for 35 years and standing behind the workmanship along with TARION New Home Warranty program. (id:51158)
Homes for sale in Burlington

For sale $1,175,000

2 - 600 Maplehill Drive

Burlington, Ontario

3 Bedroom 3 Bathroom

Welcome to the Gala Community with a French Country feel, rustic warmth & modest farmhouse design. Soon to be built 2-storey townhouse by DiCarlo Homes located in South Burlington on a quiet and child friendly private enclave. The Spartan model offers 1537 sq ft, 3 bedrooms, 2+1 bathrooms, high level of craftsmanship including exterior brick, stone, stucco & professionally landscaped with great curb appeal. Main floor features 9 ft high California ceilings, 4-1/8 base boards throughout, Oak handrails/spindles & Satin Nickel door hardware. Open concept kitchen, family room & breakfast area is excellent for entertaining. Choose your custom quality kitchen cabinetry from a variety of options! Kitchen includes premium ceramic tile, double sink with pull out faucet & option to upgrade to pantry & breakfast bar. 2nd floor offers convenient & spacious laundry room. Large primary bedroom has private ensuite with glass shower door, stand alone tub, option to upgrade to double sinks & massive walk-in closet. Additional bedrooms offer fair size layouts and large windows for natural sunlight. All bedrooms include Berber carpet. *Bonus $25,000 in Dcor Dollars to be used for upgrades, and Level 1 Hardwood in Great Room and Main Hall (limited time only).* This location is walking distance to parks, trails, schools Burlington Mall & lots more! Just a few minutes highways, downtown and the lake. DiCarlo Homes has built homes for 35 years and standing behind the workmanship along with TARION New Home Warranty program. (id:51158)
Homes for sale in Burlington

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