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$1,495,000

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)

For Sale$3,695,000

212 Pine Cove Road

Burlington, Ontario

4 Bedrooms5 Bathrooms3600 sqft

Stunning home in Roseland, one of Burlington's most prestigious lakeside communities. Over $700,000 spent in last few years in improvements. Impressive professionally landscaped 161' deep lot with upgraded stone hardscaping, meticulously manicured perennial gardens & soffit lighting illuminates the property at night. The newly created backyard utopia features a huge, covered terrace with composite wood decking & gas fireplace overlooking the new pool & 2-level stone lounging & dining areas surrounded by mature trees & lush gardens. This custom residence offers 4 bedrooms, 4.5 bathrooms, & approximate total of 5,338 sq. ft. of luxurious, functional living space with countless upgrades such as 9’ ceilings, custom mouldings & trim, oversized doors, custom built-ins & cabinetry, white oak engineered hardwood floors, enchanting white oak staircase with glass railings, built-in surround sound, exquisite light fixtures & abundant pot lighting. The main floor features vast open-concept spaces for entertaining, including, a generous living room with a gas fireplace & 16’ Pella glass doors to the terrace & the stunning custom eat-in kitchen is a chef’s dream. Host formal gatherings in the separate dining room & work from home in the private office. Each of the 4 bedrooms boast lavish ensuite bath privileges, with the primary retreat offering a fireplace & a posh 4-piece ensuite bath with exotic wood cabinetry, marble floor tiles, freestanding soaker tub, & a separate glass shower. The recently completed lower level extends the living & entertaining space with a gigantic recreation/games room with a linear gas fireplace, an exceptional wine cellar with tasting lounge, a gym, & a 3-piece bath. Ideal location, just a few blocks from Lake Ontario's waterfront parks & in the highly rated Tuck/Nelson school catchment. A vast choice of amenities is a 5-minute drive including restaurants, trendy shops, Spencer Smith Park & Brant Street Pier & easy access to major highways & GO Train. (id:51158)

For Sale$724,900

500 Brock Avenue Unit# 1103

Burlington, Ontario

2 Bedrooms2 Bathrooms830 sqft

Welcome to this breathtaking, brand new 2-bedroom, 2-bathroom condominium in the heart of downtown Burlington! This modern, high-end unit boasts spacious living with expansive windows that flood the space with natural light and offer incredible views of the city, Lake Ontario, and The Escarpment. Enjoy your own private balcony, perfect for relaxing and taking in the surroundings. Designed with comfort and convenience in mind, this sleek unit features an open-concept layout with top-tier finishes throughout. The kitchen is a chef’s dream, with contemporary cabinetry, stainless steel appliances, and ample counter space. The living and dining areas are perfect for entertaining or enjoying quiet evenings at home. Both bedrooms are generously sized, and the primary suite includes a luxurious ensuite bathroom with modern fixtures. Building amenities include; 24-hour security for peace of mind, fully-equipped fitness room for your convenience, spectacular rooftop terrace with panoramic views of the city and lake – ideal for outdoor gatherings and relaxation. Additional features include one underground parking space and a separate storage locker to meet all your storage needs. Located just steps from Burlington’s vibrant downtown, you’ll have easy access to trendy shops, cafes, restaurants, parks, and the waterfront. This is urban living at its finest – book your showing today and make this spectacular condo your new home! (id:51158)

For Sale$949,900

2486 Snowhill Court

Burlington, Ontario

3 Bedrooms4 Bathrooms1549 sqft

Welcome to 2486 Snowhill Court, a charming 3-bedroom home nestled on a quiet cul-de-sac in the desirable Headon Forest neighbourhood of Burlington. This home offers a thoughtful layout with 1 full bathroom and 3 half bathrooms, ideal for growing families or those who enjoy hosting. With spacious living areas and plenty of natural light, this home is ready for your personal updates and touches. The kitchen offers ample counter space, and the open-concept living and dining areas provide endless possibilities for customization. The 3 generously sized bedrooms offer comfort and privacy, and the layout is perfect for family living. The 3 half bathrooms add convenience, while the full bath provides a functional space to work with. Step outside to your private backyard, a tranquil retreat for outdoor living, barbecues, or simply unwinding after a busy day. The home is located on a peaceful court, offering a safe and friendly environment, ideal for families or anyone seeking a quieter lifestyle. The Headon Forest neighbourhood is known for its family-friendly atmosphere, excellent schools, and proximity to parks, trails, and shopping. With easy access to major highways, commuting is a breeze, while the surrounding greenery and scenic views make it the perfect place to call home. Whether you're looking to update the interior to suit your personal style or simply move in and enjoy the space as is, 2486 Snowhill Court offers great potential and a fantastic location. Don’t miss your chance to make this home your own! (id:51158)

For Sale$1,299,900

1891 Heather Hills Drive

Burlington, Ontario

5 Bedrooms3 Bathrooms1802 sqft

Welcome to your dream home in a sought-after neighborhood! This fully renovated 4+1 bedroom raised bungalow backs onto a stunning Tyandaga ravine, offering serene views and nature right at your doorstep. The chef's kitchen features waterfall quartz counters and a beautiful tile backsplash, looking out over the spacious great room, all with modern light hardwood flooring and gorgeous light features. Enjoy seamless indoor-outdoor living with new tow-tier decking that walks out form the lower level, ideal for entertaining or relaxing. The primary suite boasts a luxurious 3-pierce ensuite, complemented by a stylish 4-piece main bath. The lower level includes a living room, cozy bedroom, a modern powder room, an a versatile office space. With golf nearby an escarpment trails just steps away, this home perfectly combines modern comfort with an active lifestyle. Complete with double car garage and convenient inside entry, don't miss out on this exceptional opportunity! (id:51158)

For SaleOPEN HOUSE$959,900

1806 Hobson Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms1500 sqft

Welcome to this stunning semi-detached home in one of Burlington's most desirable neighbourhoods! This beautifully maintained 3-bedroom, 2.5 bathroom home offers both style and convenience. Step inside to discover a welcoming open-concept layout brightened by large windows that not only provide ample natural light but also frame serene park views. Upstairs the 3 large bedrooms provide the perfect space for relaxation, including a primary suite with a custom walk-in closet and a recently renovated spa-like ensuite. The finished basement extends the living space further, providing a flexible area for a family room, home gym, or an office. Outside, the backyard is truly a gem. Backing onto the park, this outdoor space offers privacy and a sense of nature rarely found in suburban settings. This prime location in Burlington means you’re moments away from top-rated schools, charming local shops, and easy commuting options. Whether you're a growing family, working from home, or looking to downsize without compromising on quality or convenience, this home offers a unique blend of style, comfort, and location. Book a viewing today – a home like this doesn’t come along often! (id:51158)

For SaleOPEN HOUSE$1,899,900

2068 Pipers Court

Burlington, Ontario

5 Bedrooms4 Bathrooms3100 sqft

Welcome home to 2068 Pipers Court in beautiful Burlington Ontario. This gorgeous, all brick home was built in 1989 by renowned builder Arthur Blakely and is being sold by its original owners. Located on a quiet, family friendly court, this home sits on a mature lot which gives full privacy in the fenced backyard while enjoying summer days in the pool. Inside this freshly painted 3100 square foot two storey you will find four generously sized bedrooms on the upper level, along with two full baths. The main level provides a formal sitting room at the front of the home, separate family and dining rooms, plus a large kitchen, office, laundry, and two piece powder room. The lower level is where you will find the home's fifth bedroom with en-suite privilege to the fourth bathroom. Also located below grade is plenty of storage and an oversized REC room for all your families entertaining needs. Close to community centres, parks, shopping, schools, and of course the Millcroft Golf Club, this home truly does offer it all. Ready for the next family to take over, we urge you to book a showing and see what all the fuss is about; you will not be disappointed. (id:51158)

For SaleOPEN HOUSE$789,000

5475 Lakeshore Road Unit# 59

Burlington, Ontario

3 Bedrooms3 Bathrooms1587 sqft

Welcome to Village by the Lake and this bright, welcoming 3-bedroom, 3-bathroom townhome nestled in one of Burlington’s most desirable neighbourhoods. With a thoughtfully renovated interior, this home offers an inviting layout that’s perfect for modern living. The main level features an updated kitchen complete with quartz countertops, an elegant backsplash, and stainless steel appliances refreshed within the last 4–5 years, making meal prep a delight. A refinished hardwood staircase adds a touch of sophistication, while recent upgrades like the new roof (Oct 2024) and freshly installed front and bedroom windows (Oct & Nov 2024) ensure a move-in-ready experience. The primary bedroom provides a cozy retreat with abundant natural light, while the lower level includes a newly renovated 3-piece bathroom (Nov 2023) with a marble vanity, offering added comfort and functionality. Say goodbye to winter snow hassles with the convenience of underground parking, and enjoy a refreshing pool in warmer months. Condo amenities also include a gym, sauna, and party room. Set just minutes from daycares, grocery stores, and excellent schools, this home offers unmatched convenience for the whole family. Commuters will love the 5-minute drive to the QEW, and outdoor enthusiasts can enjoy nearby Waterfront Park, known for its scenic trails and vibrant festivals like the Food Truck Fest and VegFest. This is a home where comfort, community, and modern updates come together seamlessly — don’t miss your chance to make it yours! (id:51158)

For Sale$869,999

1401 Plains Road E Unit# 71

Burlington, Ontario

3 Bedrooms3 Bathrooms2139 sqft

Welcome to this beautifully designed 3-bedroom, 3-bathroom townhouse, offering modern comfort and stylish living across three spacious levels. Situated in a central location, this home combines convenience, luxury, and functionality, making it the perfect choice for families, professionals, or anyone looking for contemporary urban living. Spacious Interiors that are Spread out over three levels, this townhouse offers generous living space, including a large living room with plenty of natural light and hardwood floors opening up into the Modern Kitchen featuring sleek quartz countertops, stainless steel appliances, and ample storage, making meal prep a breeze and perfect for entertaining or relaxing. The primary suite, located on the top floor, offers a private oasis with an en-suite bathroom featuring large glassed in shower. Also on the upper level, convenient upper laundry, 2 additional bedrooms and another full bath provide ample space for family and guests. Step outside to your own private balcony off the living room, ideal for enjoying your morning coffee or hosting a weekend BBQ. The townhouse also has a small yard off the family room for even more outdoor space. There is also an unfinished basement waiting for your personal touch or extra storage. The attached garage also gives you inside entry. Very Low condo fees.The complex also has a playground for children and ample visitor parking. Amazing Central location, 4 min drive (15 min walk) to Burlington go and 2 min drive to the 403/QEW. (id:51158)