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$474,900

5220 Dundas Street Unit# D509

Burlington, Ontario

2 Bedrooms1 Bathrooms619 sqft

MODERN 1 Bedroom + den conveniently located on the Burlington/Oakville Border. Perfect for the first-time or downsizing buyers. Open concept, 7 years new, this unit has been gently lived in by its original owner. Trendy kitchen with quartz countertops, stainless steel appliances and new backsplash. The Den is perfect for a home office. Wood-like flooring throughout. The floor to ceiling windows and high ceilings make this property very bright without having too much direct sunlight. The balcony has great eastern views and over looks the courtyard. (id:51158)

For Sale$1,199,900

1378 Blueprint Common

Burlington, Ontario

3 Bedrooms3 Bathrooms1513 sqft

Welcome to 1378 Blueprint Common in Burlington! This stunning, never-lived-in freehold townhouse boasts a walkout basement backing onto a tranquil ravine. With an open-concept floor plan, a finished main-floor deck, and a basement walkout, this home is perfect for relaxation and entertaining. The upper level offers generously sized bedrooms, a convenient laundry room, and a luxurious ensuite with a tiled walk-in shower and a stand-alone tub. Nestled on a quiet street at the back of the complex, this turn-key home is close to shopping, highways, and amenities in a sought-after community. Move in and enjoy modern living at its finest! (id:51158)

For Sale$3,699,000

822 Danforth Place

Burlington, Ontario

5 Bedrooms4 Bathrooms4435 sqft

Welcome to your paradise in the city! Over a 1/2 acre of stunning, waterfront property. Want to go for a paddle or boat ride? Launch right from your backyard & off you go. The home is an entertainer’s dream, offering a large open concept main floor living area with unobstructed views of the pool & lake. The kitchen has Jenn Air appliances including an oversized fridge, 2 wall ovens, an induction cooktop & beverage fridge. The massive island seats 5 & the adjoining dining room has plenty of room for a crowd. Imagine preparing meals while looking out over the lake! The living room has custom built-ins and a gas fireplace with stone surround. On the main floor there are 3 bedrooms, one with a 2-piece ensuite & one is currently being used as an office. The updated main bath has heated floors, floating vanity & a large glass shower. Head up the custom staircase to the second-floor primary suite & you’ll enjoy panoramic views of the backyard & lake through the wall of windows & private balcony - not to mention the 2 walls of clothes storage & updated ensuite. The walkout lower level features a sunken family/theatre room, wet bar, 3-piece bath, bedroom, HUGE laundry room, sunroom, & 2 more rooms that could be used as a gym or games room. The pièce de resistance is the private back yard. It’s fully landscaped with beautiful stonework, terraced gardens, 2 gazebos, swimming pool & direct access to the lake. Boat lift and dock are included (as-is condition). Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$715,000

320 Plains Road Unit# 212

Burlington, Ontario

2 Bedrooms2 Bathrooms890 sqft

Beautiful condo unit for sale in great family friendly area. This 2 Bedroom, carpet free unit features an open concept main floor area with a cozy living room and walk-out to open balcony. Nice eat-in kitchen with quartz countertops, extended cabinets, stainless steel appliances & breakfast bar.. Primary bedroom has a walk-in closet & 3pc ensuite with walk-in shower. In-suite laundry & 4pc main bathroom. This solid unit comes with two owned parking spots and locker. Close to schools, parks, transit, highway & all major amenities. Property amenities include; gym, party & media rooms, bike storage, EV charging station, concierge & roof-top terrace with BBQs. A definite must see! (id:51158)

For Sale$1,249,900

3237 Woodward Avenue

Burlington, Ontario

3 Bedrooms2 Bathrooms1131 sqft

Venture into 3237 Woodward Avenue in the heart of Burlington! This charming home offers spacious living with modern updates throughout. The main floor features a bright and airy living room, a dining room with French doors that lead to the backyard, and a stunning, updated white kitchen with quartz countertops and stainless-steel appliances—perfect for both everyday living and entertaining. The upper level boasts a sizeable primary bedroom, a large second bedroom, and a beautifully renovated three-piece bathroom that features a walk-in shower - offering convenience and comfort. The lower level is equally impressive, featuring a cozy family room with a gas fireplace, a third bedroom, and another three-piece bathroom. The bright basement includes laundry facilities, a dedicated office space, and a large storage area to meet all your organizational needs. Step outside and enjoy your own backyard oasis with a large inground pool, a patio area perfect for entertaining, and beautifully landscaped surroundings. Additional highlights include California shutters, crown molding, a carpet-free layout, and an oversized 1.5 deep garage, elevator, and lots of accessibility features - all adding to the appeal of this incredible home. Don’t miss your chance to see this beautiful property. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$589,000

1425 Ghent Avenue Unit# 305

Burlington, Ontario

2 Bedrooms2 Bathrooms1324 sqft

Located at 305-1425 Ghent Avenue in the heart of downtown Burlington, this spacious condominium offers 1,324 sq. ft. of living space in a desirable location. The main floor layout includes a large living room (24’1” x 10’9”), a dining area (16’7” x 8’), and a kitchen (13’3” x 7’5”). The family room (16’ x 11’) provides additional space and flexibility for relaxation or entertaining. The sizable bedroom includes a primary suite (16'7 x 8') with a two-piece ensuite. A four-piece main bathroom and dedicated storage space (7’9” x 3’7”) help maximize comfort and livability. Situated in the heart of downtown Burlington, this property benefits from its proximity to Lake Ontario, offering year-round access to parks and green spaces, including Spencer Smith Park, Central Park, and the Burlington Bike Path. The neighborhood also features a range of amenities, including grocery stores, shopping destinations like Mapleview Shopping Centre and Burlington Centre, downtown artisan shops, restaurants, gyms, and a host of dining options all within walking distance. Schools, such as Burlington Central High School, and nearby transit access, including the QEW and Burlington GO, are all nearby. Also close to your new condo are The Burlington Public Library, The Burlington Senior Citizens Centre, The YMCA, public schools, churches, and more. Don’t wait to book your showing today! (id:51158)

For SaleOPEN HOUSE$539,999

700 Dynes Road Unit# 1113

Burlington, Ontario

2 Bedrooms2 Bathrooms1302 sqft

Bright and spacious 1302sqft, 2 bedroom, 2 bathroom condo with a large 85sqft private balcony view of the CN TOWER and the LAKE, in a premium location in the heart of Burlington. The Empress is a first-class building, perfectly positioned for convenience, situated across from the Burlington Centre Mall, enjoy the farmers' market, shopping, dining, and banking only a leisurely stroll away. The amenities in this building are second to none and the lifestyle includes a security concierge, car wash, fitness center, library, common kitchen/party room, workshop, sauna, andMost importantly a gorgeous outdoor salt-water pool with entertainment at the community BBQ. Spacious open unit is Carpet free and includes a master bedroom with ensuite and walk in closet. Book your Private showing! (id:51158)

For Sale$694,999

5327 Upper Middle Road Unit# 419

Burlington, Ontario

2 Bedrooms2 Bathrooms931 sqft

Discover the perfect blend of style, comfort, and convenience in this impeccably maintained 931 square foot, two-bedroom, two-bathroom condo located in the heart of Burlington’s coveted Orchard neighborhood. This bright and spacious unit features hardwood floors, granite countertops and stainless-steel appliances, all seamlessly tied together to create a modern and inviting atmosphere. The open concept living and dining room is perfect for entertaining or simply unwinding, while the private balcony offers a relaxing spot for morning coffee or an evening retreat. Beyond the unit, the building elevates your lifestyle with premium amenities, including a stunning 1,100 square feet party room complete with kitchen facilities – perfect for hosting larger gatherings – and a rooftop terrace designed for summer BBQs and relaxing with friends. Situated in a prime location overlooking the tranquil Sheldon Creek, Times Square Condominiums provides a serene yet connected lifestyle. Commuters will appreciate the proximity to Appleby GO Station for quick trips to Toronto or Hamilton, while nature enthusiasts can explore nearby parks, trails, and the breathtaking Bronte Creek Provincial Park and Nature Centre. Access to highways is a breeze, making this a truly convenient hub. Adding to the ease of living, this unit includes an underground parking space and a secure storage locker. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$1,074,900

955 Cloverleaf Drive

Burlington, Ontario

3 Bedrooms2 Bathrooms1759 sqft

Welcome to 955 Cloverleaf Drive—your dream home in the highly sought-after Aldershot South neighborhood of Burlington! This charming 3-level backsplit sits on a spacious, pool-sized lot backing onto a serene forest, providing unmatched privacy and natural beauty. This detached 3-bedroom, 2-bathroom home seamlessly combines comfort and style, boasting recent updates to the kitchen, bathrooms, flooring, electrical systems, and more. The cozy family room features a gas fireplace, bar area, and large above-grade windows that fill the space with warm, natural light. Ideally located in a lakeside community, you’ll have easy highway access and be just minutes away from downtown Burlington and Hamilton. Enjoy nearby parks, scenic trails, shopping, golf courses, and fantastic dining options. Experience the perfect harmony of urban convenience and natural tranquility in this exceptional home. Don’t miss your chance to make 955 Cloverleaf Drive your own! For more details, please view the digital brochure. (id:51158)

For Sale$599,900

2087 Fairview Street Unit# 1908

Burlington, Ontario

2 Bedrooms2 Bathrooms640 sqft

Inviting Two Bedroom Two Bathroom open concept condominium with 2 Balconies in a prime Burlington location at 'The Paradigm' Balcony views of city life, quartz countertops, ensuite laundry and primary ensuite. Building offers exceptional amenities such as; 24 hour concierge, indoor pool with sauna, fitness center, sky lounge terrace, games & party rooms, basketball court and outdoor BBQ area. Building is close to all major amenities such as the Burlington GO station (walkable), shopping, downtown Burlington, lakefront, major highways, restaurants, etc. Ideal unit for commuting professionals in a pet friendly spacious and bright condo. Unit also includes Locker 3rd floor #149, Underground Parking Spot P1 #124. (id:51158)

For Sale$899,900

5250 Lakeshore Road Unit# 603

Burlington, Ontario

3 Bedrooms2 Bathrooms1551 sqft

INCREDIBLE WATER VIEWS!!!!!! Welcome to this 2-bedroom + den, 2-bathroom condo, offering 1,551 square feet of comfortable living with breathtaking lake views in fantastic Admirals Walk. A large, welcom-ing entryway sets the tone, offering ample space to greet guests or display your personal touches. This home is designed for both relaxation and entertaining, featuring an eat-in kitchen with a huge walk-in pantry, perfect for culinary enthusiasts. The open-concept living and dining areas, along with the cozy den, all have hardwood flooring and crown moulding. The primary bedroom is a tranquil retreat with his-and-hers closets and a four-piece ensuite bath, while the second bedroom is perfect for guests or a home office. Two large storage closets within the unit, plus a dedicated locker, ensure all your belongings are easily accessible. Additional conveniences include one parking space, outdoor pool, exercise room, games room, party room, workshop, and sauna. With its unbeatable views, thoughtful layout, and exceptional storage, this condo is ready for you to make it your own. (id:51158)

For Sale$5,799,900

2659 2 Side Road

Burlington, Ontario

4 Bedrooms7 Bathrooms6052 sqft

Welcome to 2659 #2 Side Road in North Burlington—a custom-built masterpiece in an exclusive enclave of multi-million-dollar homes. Set on 2.5 acres, this extraordinary residence offers approximately 8,700 sq ft of finished living space, blending luxury, comfort, and cutting-edge entertainment. This 4-bedroom, 7-bathroom sanctuary is designed for those who value style and serenity. The walk-out basement is a showstopper, featuring a futuristic, state-of-the-art entertainment area. Movie buffs and gamers will love the oversized games room, a dedicated movie theatre with 7.1 surround sound, and the potential for a 5th bedroom with ample storage. Step outside to enjoy evenings by the fire pit or a peaceful stroll along the nearby Bruce Trail. Despite its tranquil setting, this property is just minutes from all amenities, offering the perfect balance of secluded luxury and modern convenience. Located in one of Burlington’s most coveted neighborhoods, this home brings a touch of Hollywood to your lifestyle. Don’t miss this rare opportunity to own an iconic residence where your dreams become reality. (id:51158)