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 $499,900

5090 Pinedale Avenue Unit# 203

Burlington, Ontario

1 Bedroom 2 Bathroom 830 sqft

Welcome to this large 1 bedroom & 2 bathroom unit in the relaxing and mature Pinedale Estates community. With 830 square feet this is one of the most spacious affordably priced 1 bedroom condos in Burlington! Mature individuals will enjoy the quiet peacefulness of the area, which is very relaxing, accompanied by the balcony view overlooking greenery, Frontenac Park and a quaint creek. Working individuals and couples will also find this building ideal as it is only a stone’s throw from Appleby Line and getting onto the QEW for commuting. You can also use the complex’s several benches, picnic table and gazebo areas in the rear as well as the many other building features such as pool, hot tub, sauna, driving range, party room, billiard room & library – this place has it all! Also being just off of Appleby Line, you are surrounded by all necessary amenities to suit any lifestyle. Whether you are an ambitious working individual, couple, or looking to slow down, this condo and its location might be the perfect fit for you! (id:51158)
Homes for sale in Burlington

For sale $839,990

370 Martha Street Unit# 209

Burlington, Ontario

2 Bedroom 2 Bathroom 928 sqft

Brand new 2-bedroom, 2-full bath condo at Nautique Lakefront Residences in Burlington. This gorgeous condo offers a modern open concept, floor-to-ceiling windows, excellent indoor and outdoor building amenities, including a swimming pool, 20th-floor Sky Lounge, fire pits, yoga studio, fitness centre, and more. The kitchen is equipped with Corian countertops, a panelized fridge and dishwasher, a built-in oven, a ceramic cooktop, and a convenient over-the-range microwave. Enjoy a short walk to the lake, Spencer Smith Park, and downtown Burlington's cafes, restaurants, and shops. Experience all that living in downtown Burlington has to offer in this 24-hour concierge building. The apartment includes 1 parking space and 1 locker. (id:51158)
Homes for sale in Burlington

For sale $949,999

493 Crosby Avenue

Burlington, Ontario

3 Bedroom 2 Bathroom 1300 sqft

Seize the opportunity to live in downtown Burlington! This 1.5 storey home sits on a mature 40’ x 110’ lot that is surrounded by a mix of newer multi-million-dollar homes and well-kept older homes. With endless possibilities, this is a perfect property to renovate, add-on to, or tear down and build your dream home. A short walking distance to everything downtown Burlington has to offer, like Spencer Smith Park, the Lakefront and Performing Arts Centre to name a few. Close to restaurants, shops, transit and highway access. The home has 3 bedrooms and 1.5 bathrooms and is approximately 1,300 sq ft. Basement is unfinished and has a separate walk-up entrance. Single long driveway can accommodate up to 5 cars. All measurements are approx. Home does have UFFI insulation. Fireplace condition unknown as not used in 15+yrs. The PROPERTY NEEDS TLC and is being sold AS-IS. 48hr Irrevocable per 244. (id:51158)
Homes for sale in Burlington

For sale $7,350,000

2606 Harvestmoon Lane

Burlington, Ontario

4 Bedroom 5 Bathroom

The Magnificent Custom-Built Residence Sits. Just Outside The Town Of Burlington And Only 10 Minutes Away From The 401 Highway. The Property Total Privacy And Stunning Views Of The Surrounding Natural Beauty With Mount Nemo With Features Available Basement Bowling Line, And Energy Saving, All electric, Hvac and Secure Alarm With Cameras Smart Control Home System. The interior Is Adorned With Beautiful, And Main Floors All Ceramic Floor Covered By Heated Water Pipes line. Main Floor 2 Full Kitchen. Separate Entrance (id:51158)
Homes for sale in Burlington

For sale $1,098,000

475 Mayzel Road

Burlington, Ontario

3 Bedroom 2 Bathroom 1423 sqft

Charming 3-bedroom, 1.5-bath bungalow with an inground pool, ideally located in the sought-after South Burlington Central district. This well-maintained 1423 sq ft home on a 56' x 130' lot is a rare find. This property is move-in ready, appealing to first-time home buyers. It also offers potential to renovate or build new. Features include a spacious living-dining room with a bay window, hardwood floors, and crown molding. The kitchen is equipped with stainless steel appliances. The large principal bedroom includes a 2-piece ensuite and patio doors opening onto the deck overlooking the pool. Two additional bedrooms, an office, and a main bath with shower complete the main floor. The lower level offers a rec room and a large utility room for storage. Outside, the private fully fenced, treed backyard has an inground pool, patio with gazebo, deck, and gardens—perfect for relaxation and entertaining. Located steps away from Central Park, the library, and a short walk to the YMCA and downtown Burlington, this home offers an ideal blend of convenience and comfort. (id:51158)
Homes for sale in Burlington

For sale $1,099,900

6611 Frederick Street

Burlington, Ontario

3 Bedroom 2 Bathroom

OPPORTUNITY FOR DEVELOPMENT OR TO LIVE IN AS IS! Welcome to this charming, updated 3 bedroom home on a stunning, serene lot in the highly coveted town of Kilbride! The property, located on a quiet dead-end street, offers over 100 feet of frontage (over two lots), sprawling open spaces, trees, and a beautiful sparkling stream, which forms the rear boundary. A nature lovers dream just steps to the local school, park and convenience store. This home is perfect for anyone who loves charm but also wants modern updates. Enjoy a bright, sunlit living and dining area with hardwood floors, a handmade stone fireplace, tons of windows, built in bookcase and a gorgeous rustic beam across the ceiling. The country kitchen provides ample counter and cupboard space, a gas stove, and room for a table! Off the kitchen you will find stacked laundry and a convenient powder room. At the back of the home the mud room offers a handy alternative entrance space and additional storage in the double closet. Upstairs you will find 3 bedrooms, a full bathroom and more closet space! The home has a full unfinished basement which currently provides additional storage and a place for all the updated mechanical systems. Outside you will be delighted to find a double garage and plenty of parking. Price is for 6611 and 6619 Frederick ST (lot beside the home, contains the septic bed for the property). Property taxes for 6619 Frederick were $1224.03 in 2024. Dimensions for 6619 Frederick are on schedule c. Both addresses are being sold together. Offers must include both addresses. (id:51158)
Homes for sale in Burlington

For sale $1,099,900

6611 Frederick Street

Burlington, Ontario

3 Bedroom 2 Bathroom 1159 sqft

OPPORTUNITY FOR DEVELOPMENT OR TO LIVE IN AS IS! Welcome to this charming, updated 3 bedroom home on a stunning, serene lot in the highly coveted town of Kilbride! The property, located on a quiet dead-end street, offers over 100 feet of frontage (over two lots), sprawling open spaces, trees, and a beautiful sparkling stream, which forms the rear boundary. A nature lover’s dream just steps to the local school, park and convenience store. This home is perfect for anyone who loves charm but also wants modern updates. Enjoy a bright, sunlit living and dining area with hardwood floors, a handmade stone fireplace, tons of windows, built in bookcase and a gorgeous rustic beam across the ceiling. The country kitchen provides ample counter and cupboard space, a gas stove, and room for a table! Off the kitchen you will find stacked laundry and a convenient powder room. At the back of the home the mud room offers a handy alternative entrance space and additional storage in the double closet. Upstairs you will find 3 bedrooms, a full bathroom and more closet space! The home has a full unfinished basement which currently provides additional storage and a place for all the updated mechanical systems. Outside you will be delighted to find a double garage and plenty of parking. PRICE INCLUDES 6619 FREDERICK ST. OFFER MUST BE FOR BOTH ADDRESSES 6611 FREDERICK ST. AND 6619 FREDERICK ST. AS THE PROPERTIES ARE BEING SOLD TOGETHER. TAXES FOR 6619 $1224.03 IN 2024. DIMENSIONS FOR 6619 ON SCHEDULE C. ACREAGE ESTIMATE FOR 2 PROPERTIES COMBINED. See attached survey for more info on property dimensions. (id:51158)
Homes for sale in Burlington

For sale $2,275,000

676 Bayshore Boulevard

Burlington, Ontario

4 Bedroom 4 Bathroom 2462 sqft

Welcome to this beautiful home by Burlington Bay! Tucked away at the end of a quiet cul-de-sac, in the Aldershot area of Burlington, this recently renovated (2019) home has so much to offer. Perfect for the starter family or downsizers. An open concept main floor with separate living and dining area plus bonus office offer views to the bay. With wall-to-wall windows, there is an abundance of natural light that illuminates the space. A convenient laundry room and 3-pc bathroom complete this space. The flexible layout features three bedrooms up, one in the basement plus a main floor office area. Upstairs, a sun-filled primary bedroom includes a spa-like ensuite with soaker tub and skylights. The lower level, with walk-out to backyard, includes a 2nd kitchen, living area, bathroom and 4th bedroom; great for in-laws/nanny. An oasis retreat awaits in the fully landscaped backyard boasting multiple areas for entertaining with covered upper-level porch and large dining area off the kitchen and lower-level fire pit. Relax with family and friends by the beautiful in-ground, concrete pool. As an added bonus, this property includes a 1/75th share ownership in Brighton Beach, an approximately 5.5 acres conservation area on the water with numerous trails. Walk directly from your home to the beach! Immersed in serene nature, yet close to shopping, schools, highways/Aldershot GO, the RBG & conservation areas, this exceptional property is not to be missed! (id:51158)
Homes for sale in Burlington

For sale $1,449,000

2381 Lakeshore Road

Burlington, Ontario

5 Bedroom 6 Bathroom 6165 sqft

*TO BE BUILT - LOT AND DESIGN PLANS ONLY* Build your dream home on one of the most coveted streets in Burlington in desirable Roseland neighbourhood just minutes from downtown Burlington and Port Nelson Park on the waterfront. This property and neighbouring one include architectural design plans by SDMA Design & Architecture for a 4320 sq.ft 2.storey above ground detached home PLUS 1835 sq.ft. 1 bedroom in law suite with separate entrance in basement. The preliminary steps have been done for you. Pre building approval near complete with City of Burlington - final step is to apply for building permit. Hire your own builder or use existing one that has each home currently in its 2024 build schedule. Surrounded by mature trees to maintain privacy, with tree protection fencing already in place. Ready to start your dream project? This is the location you have been waiting for! Serious inquiries contact LA for full design and floor plans. Price is for property and design plans only. (id:51158)
Homes for sale in Burlington

For sale $1,449,000

2379 Lakeshore Road

Burlington, Ontario

5 Bedroom 6 Bathroom 6165 sqft

*TO BE BUILT - LOT AND DESIGN PLANS ONLY* Build your dream home on one of the most coveted streets in Burlington in desirable Roseland neighbourhood just minutes from downtown Burlington and Port Nelson Park on the waterfront. This property and neighbouring one include architectural design plans by SDMA Design & Architecture for a 4320 sq.ft 2.storey above ground detached home PLUS 1835 sq.ft. 1 bedroom in law suite with separate entrance in basement. The preliminary steps have been done for you. Pre building approval near complete with City of Burlington - final step is to apply for building permit. Hire your own builder or use existing one that has each home currently in its 2024 build schedule. Surrounded by mature trees to maintain privacy, with tree protection fencing already in place. Ready to start your dream project? This is the location you have been waiting for! Serious inquiries contact LA for full design and floor plans. Price is for property and design plans only. (id:51158)
Homes for sale in Burlington

For sale $649,000

5280 Lakeshore Road Unit# 712

Burlington, Ontario

2 Bedroom 2 Bathroom 1415 sqft

Act quickly to secure your place in the impeccably maintained Royal Vista! Situated right on the lake at the junction of Burloak and Appleby, this location offers walkable access to shops, lakeside parks, groceries, pharmacies, and convenient transit options. Enjoy resort-style living with numerous amenities, including tennis and pickleball courts, a pool, outdoor patio, gym, party room, and games room. This spacious unit, featuring 2 bedrooms and 2 bathrooms (one 3-piece and one 4-piece), spans 1,415 square feet with a split bedroom floor plan and is ready for you to make your own. The grand living room boasts an east-facing bay window that captures the morning sun and offers a peek-a-boo view of the lake. The formal dining room is adjacent to a well-equipped kitchen with plenty of storage for easy meal preparation. Additional features include one underground parking space and an in-suite laundry room. Don’t miss this opportunity to own a unit in this highly sought-after building! Freshly painted and brand new carpets. (id:51158)
Homes for sale in Burlington

For sale $1,798,000

316 North Shore Boulevard W

Burlington, Ontario

6 Bedroom 5 Bathroom 2930 sqft

A rare opportunity to own a waterfront .56-acre lot on prestigious North Shore Blvd., Burlington. Minutes form the Burlington Golf & Country Club, any and all amenities, including easy access 403 / QEW. All this while enjoying your waterfront property with riparian rights. Currently there is a 2-unit income producing tenanted house on the property to support your investment while making and confirming your building plans. Buyer is responsible to do their due diligence. Such opportunities are a rarity. (id:51158)
Homes for sale in Burlington

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