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$639,000

340 Plains Road Unit# 610

Burlington, Ontario

2 Bedrooms2 Bathrooms782 sqft

Affinity Condominiums Luxury and Convenience combine in the modern six storey buildings of the Affinity.The buildings are located in desireable Aldershot area of Burlington. The popular area features many services and amenities .Public Transit is virtually steps from your door,and the Go Station, HWY 403 and QEW are just a short drive away. Much to experience and enjoy in the vibrant Aldershot Community Parks, Tennis, Golf, Restaurants, Boutique- like Specialty Shops, The beautiful Royal Botanical Gardens, Mapleview Mall Everything you might need or want all near by. Enjoy the peace and quiet and unobstruced views from the top floor(Unit 610) This Suite features two spacious bedrooms ,and 2 full bathrooms 3 piece and 4 piece. The contemporary open- concept style floor plan offers remarkable10 ft ceilings in the main rooms, plenty of windows including roll blinds, and Sliding door with access to the cosy balcony, all of which provide an abundance of natural light to the Suite. The well appointed Kitchen design features quality cabinets, plenty of storage, six existing appliances, and a convenient built in extended counter or breakfast bar. Washer/Dryer is hidden nicely from view off the kitchen. The inviting Great Room is central to the unit providing privacy to each of the, two bedroom /bathroom areas. The unit Locker and parking space,(both owned) are in the garage and located in close proximity.This amenity rich building includes, roof top patio and community BBQs , Party Room, Plenty of Visitor parking conveniately located, Electric Charging Station for Visitors and Residents (pay for use), Bike room rental, Gym and exercise room, Rare convenient Pet Relieve Area exclusive to Affinity residents WiFi available in the lobby. Few amenities require booking/deposit or rental fee. The Property Manager office is conveniently located in 320 Plains Rd Your Fob provides entry. Don't Delay.book an appointment to view this property today. (id:51158)

For SaleOPEN HOUSE$1,039,000

475 Mayzel Road

Burlington, Ontario

4 Bedrooms2 Bathrooms2074 sqft

ATTENTION: POOL & SIDE ENTRANCE- Nestled in one of Burlington's most desirable neighborhoods, this delightful 1422 sqft bungalow is just steps from downtown, the Burlington Library, highways, and all the amenities you need. With its inviting curb appeal and a spacious 56' x 130' lot, this home is perfect for families, downsizers, or investors. Inside, you'll find a thoughtfully laid-out 4-bedroom, 1.5-bathroom home with plenty of natural light. The side entrance offers the potential for a separate nanny suite or income-generating space. Outside, the beautifully landscaped backyard features a stunning pool, creating a private oasis for summer relaxation and entertaining. This prime location combines the charm of suburban living with the convenience of urban access. Whether you're looking to move in, renovate, or invest, this property offers endless possibilities. Don’t miss your chance to own this gem in South Burlington! (id:51158)

For Sale$659,000

320 Plains Road E Unit# 211

Burlington, Ontario

1 Bedrooms1 Bathrooms852 sqft

The Impressive Floor To Ceiling And Wall To Wall Windows In This Exquisite Corner Unit Condo, Help To Make It Stand Out Amongst The Rest In This Superior Low Rise Building. Features In This Bright And Open Home Include 9 Ft Ceilings, Welcoming Foyer With Ample Coat And Boot Storage, Wide Plank Hand Scraped Durable Laminate Flooring, Quartz Countertops And Glass Backsplash In The Kitchen, Imported Porcelain Tile In The Bathroom, Ensuite Privilege, High End Roller Blinds Throughout With Black Out Blinds In The Bedroom, Access To The Spacious Balcony From Both The Living Room And Bedroom. Built By Reputable Rosehaven Homes And Completed In 2020. Exceptional Amenities Include A Gym, Yoga Studio, Business Centre, Party Room And Roof Top Terrace With Barbecues, Gardens And Fire Pit, Lots Of Visitor Parking, Bike Storage And Outdoor Dog Walking Area. Walk To Aldershot GO, Shopping, Coffee Shops, LaSalle Parks, RBG And More. Easy Highway Access To The 403, QEW And 407. (id:51158)

For Sale$1,649,000

511 Martha Street

Burlington, Ontario

2 Bedrooms3 Bathrooms2364 sqft

Charming home in prime downtown Burlington. The main floor features rich hardwood flooring, a fully renovated kitchen with custom cabinets, quartz countertops, and a separate coffee nook with a custom stained-glass insert. The cozy living area includes a gas fireplace, and the dining space offers ample room for entertaining. Upstairs with vaulted stair case leading to oversized primary bedroom easily accommodates a king-sized bed and a sitting area, complete with a 3-piece ensuite and an oversized walk-in closet with laundry. The well-sized second bedroom features a Murphy bed, and a large bonus area just outside offers the perfect space for an office or studio. The unfinished basement includes a separate walk-up entrance, a kitchenette repurposed from the original kitchen, ample storage, and workshop space. The private backyard is professionally landscaped, with a large deck and patio ideal for outdoor gatherings and beautiful wrap around porch to enjoy. Located steps from restaurants, shopping, parks, and more, this home blends modern updates with timeless charm. (id:51158)

For Sale$469,000

1141 Cooke Boulevard Unit# 420

Burlington, Ontario

1 Bedrooms1 Bathrooms480 sqft

Welcome to your modern oasis in a prime Burlington location! This brand-new, sleek one-bedroom townhome condo offers high-end finishes and a thoughtfully designed layout, perfect for contemporary living. Situated just steps from Aldershot GO Station, the 403, QEW, and vibrant Downtown Burlington, you’ll enjoy unparalleled convenience. Explore nearby parks, including Aldershot Park and Hidden Valley Park, and take advantage of the proximity to great schools, the Aldershot Community Center, and Joseph Brant Memorial Hospital. Experience luxury living with easy access to the waterfront, dining, and shopping. Don’t miss this perfect blend of style, comfort, and connectivity! (id:51158)

For Sale$1,099,999

3226 Ellyn Common

Burlington, Ontario

3 Bedrooms4 Bathrooms1822 sqft

Impressively built modern townhome in a small-scale complex minutes away from Downtown Burlington! This 3-storey townhome features 3 bedrooms, 2 full & 2 half baths, over 1800 square feet PLUS 408 square feet of rooftop terrace with panoramic views. The main floor features a second access to New Street, inside entry from the garage and a 2-piece bathroom. The second level has an open concept floor plan with an airy kitchen, quartz countertops and stainless steel appliances. The island overlooks the large dining area with morning and afternoon sun beaming through a charming Juliette balcony and large windows. Around the corner through the gorgeous built-in shelves and storage sits a spacious family room with a cozy gas fireplace and a second 2-piece bathroom. The third level boasts a south-facing primary bedroom suite featuring a walk-in closet and a large 4-piece ensuite, down the hall sits two other bedrooms, 4-piece bathroom and laundry. The third level offers access to your exclusive and private rooftop terrace with panoramic views of Burlington, both sun rises and sunsets can be enjoyed all year long. With 9-foot ceilings, solid wood doors, hardwood floors and deep window sills throughout the home. This home also features a single-wide covered interlock driveway with 1 parking spot & a single car garage. The complex backs onto the Centennial Bikeway with direct access to Downtown Burlington and located in between Guelph & Walkers Line walking distance to schools, parks and all amenities. Minutes away from both GO stations & all highways. (id:51158)

For Sale$5,900,000

3400 Milburough Line

Burlington, Ontario

7 Bedrooms7 Bathrooms10439 sqft

Uncover a hidden treasure on 20 acres of private paradise. This exceptional estate boasts a custom-built masterpiece with 6+1 bedrooms and over 10,000 sq ft of beautifully finished living space, ideal for hosting grand events or enjoying quiet family time. The professionally landscaped grounds feature a gated entry, a private forest with walking trails, and expansive patios overlooking meticulously planted gardens, perfect for outdoor gatherings. Nestled in the peaceful countryside yet conveniently close to town amenities, this one-of-a-kind property is a rare find. (id:51158)

For Sale$899,900

2086 Fairmont Common

Burlington, Ontario

3 Bedrooms3 Bathrooms1883 sqft

Welcome to 2086 Fairmont Common, a brand new never lived in 3 bed 2.5 bath townhome located in the sought-after Tyandaga neighborhood. Step inside to the office situated on the main floor. Second floor offers great room, kitchen and breakfast area. Third floor features a primary bedroom with 4-piece ensuite, along with two additional bedrooms and a 4-piece main bath. Excellent location close to schools, parks, public transit and more! (id:51158)

For Sale$889,900

1276 Silvan Forest Drive Unit# 17

Burlington, Ontario

3 Bedrooms3 Bathrooms1498 sqft

Spacious fully finished end unit in desirable complex. Beautiful walk out patio to private ravine setting. Many improvements - Newer furnace and air conditioning (owned), toilets and light fixtures replaced, kitchen appliance 1 ½ years old fridge, stove, dishwasher. Fantastic location with great access. Well maintained complex. Easy to show. (id:51158)

For Sale$1,476,000

1103 Marley Crescent

Burlington, Ontario

3 Bedrooms2 Bathrooms2097 sqft

Welcome to this beautifully maintained home in the sought-after Aldershot neighborhood of Burlington. Offering over 2,000 square feet of finished living space, this property features 3 bedrooms, 2 full bathrooms, and a thoughtful design for comfortable living. The eat-in kitchen/Dining is a standout with stainless steel appliances, granite countertops, a backsplash, crown molding, and practical features like a pantry, pot and pan drawers, and a charming garden window. The main floor also includes a cozy living room with a gas fireplace, built-in cabinetry, and hardwood floors, as well as a bright den perfect for work or relaxation. The finished lower level includes a cleverly designed built-in bar and a spacious laundry room with plenty of storage. Step outside to a professionally landscaped oasis of a backyard, complete with hardscaped pathways, artificial turf with 2 hole Mini Putt, mature landscaping with lighting in the front and back, and a sprinkler system. The covered composite deck leads to a hot tub, while the pavilion with a gas fireplace and bar fridges is perfect for entertaining. Additional highlights include a double 2.5 Car garage with epoxy flooring, built-in cabinetry, Mini split heating and A/C, as well as recent upgrades like a 2023 roof, 125-amp service, a whole home Generac generator, and a Ring doorbell. Located in a prime area close to parks, schools, and amenities, Easy Access to major Highways. This home is a perfect blend of style and convenience. Schedule your showing today! (id:51158)

For Sale$519,900

1270 Maple Crossing Boulevard Unit# 1103

Burlington, Ontario

2 Bedrooms2 Bathrooms984 sqft

Don't miss this incredible opportunity to own a unit in a spectacular building with an unbeatable location, close to the waterfront, downtown and major highways! This freshly painted unit features 2 spacious bedrooms, providing plenty of living space without sacrificing the functionality of the kitchen or living areas. The open-concept living/dining room with oversized windows offer fantastic views and flood the space with natural light. Situated in a prime location, this property provides seamless access to Lake Ontario, Mapleview Mall, and major highway routes. It’s also just minutes from the best shops, restaurants, and bars in Burlington’s vibrant downtown core. The building offers an impressive range of amenities, including an in-ground swimming pool, fully equipped gym, sauna, party lounge, tennis court, BBQ area, squash courts, guest suites, visitor parking, and 24-hour security to ensure your comfort and peace of mind. Additional conveniences include heat, hydro, and water included in your fees, as well as one owned underground parking space. Don’t miss out on this exceptional property that combines luxury, comfort, and convenience in one of Burlington’s most sought-after locations! (id:51158)

For Sale$639,900

3290 New Street Unit# 204

Burlington, Ontario

1 Bedrooms1 Bathrooms850 sqft

One of a kind luxurious retirement living in the sought after Maranatha Gardens seniors life lease building, this One bedroom, One bathroom apartment offers a carefree lifestyle for seniors aged 55 plus. With 850 square feet, this exceptional property boasts beautiful laminate floors, an upgraded kitchen compete with elegant pendant lights. What truly sets this apartment apart is its stunning dual rooftop terraces, offering a private outdoor space. With one terrace situated on the north side and the other on the south, residents can enjoy breathtaking views of the city, lake, and escarpment from their own private haven. The building itself includes party rooms, a fitness room, woodworking workshop, library, and a 4th floor rooftop terrace equipped with bbqs. Indulge in complimentary coffee, tea, and cappuccino in the onsite café, and make the most of electric car charging stations, billiards, darts, shuffleboard facilities and much more! With secure underground parking, this extraordinary property represents the epitome of refined retirement living. And as a bonus, there's no land transfer tax payable if a senior buys if for their own use! (id:51158)