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$1,069,000

633 Amelia Crescent

Burlington, Ontario

3 Bedrooms2 Bathrooms1897 sqft

Pride of ownership shows throughout this fully modernized 3 bedrm 2 bath home! Beautifully maintained inside & out, and on a wide lot, w/ spacious front & rear yards. The grounds are thoughtfully landscaped, & the private backyard includes a new composite deck, new gazebo, and new hot-tub, making it perfect for entertaining or peaceful family time. This home is only attached at the garage, & has windows on all sides. The garage is oversized to fit more than just a car! The main level features tasteful hardwood-style flooring, pot lights, & is bright w/ large windows. The living room area includes a walkout w/ doors featuring clean, convenient in-window blinds. The kitchen has a bright breakfast area, granite counters, undermount sink, built-in microwave, and tiled backsplash. The upstairs includes 3 bedrooms w/ ceiling fans, inset horizontal blinds, & upgraded colonial doors w/ stainless-steel hardware. The primary bedroom has 2 large windows & a full walk-in closet. The main bath has dark ceramics & a tiled tub & shower. The full basement is clean & has high ceilings, a cold cellar, & is the perfect extra space for recreation, hobbies & storage. Other upgrades & features include: New kitchen appliances 2017; new windows 2017, newer attic insulation, newer eavestrough system, waterproofed basement, improved main water shut off; furnace w/ heat recovery air exchanger & humidifier 2017; AC and water tank (owned) 2017; Hot tub with ozonator 2022; sump-pump; central vac. (id:51158)

For Sale$2,975,000

4195 Spruce Avenue

Burlington, Ontario

4 Bedrooms4 Bathrooms3160 sqft

An amazing, bright two-storey home, completely renovated with charm and warmth from the moment you walk in. This 4-bedroom, 4-bath property spans over 3,100 sq ft, blending classic appeal with modern upgrades. The main level features heated tile floors, a spacious dining room with a retro wood-burning fireplace, and a chef’s kitchen with high-end appliances, including a GE Monogram stove and Dacor refrigerator—ideal for those who love to entertain. Upstairs, the massive primary suite offers a gas fireplace, custom wardrobes, and a luxurious ensuite with a steam shower and soaker tub. Plus one of the 3 remaining bedrooms on the second floor has its own private ensuite. The fully finished basement includes a rec room, laundry room, and ample storage. Outside, the private backyard is an oasis, complete with a saltwater heated pool, custom Italian cobblestone patio, mature grapevines, and a large gazebo. With a freshly painted exterior, updated systems, and a double-wide driveway, this home offers both charm and convenience in Burlington's popular Shoreacres neighbourhood, close to parks, schools, and just a 5-minute walk to Paletta Lakefront Park. (id:51158)

For Sale$1,525,000

1771 Heather Hills Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms2975 sqft

Welcome to this beautifully updated family home in the highly sought-after Tyandaga neighbourhood! Nestled on a mature, pool-sized lot backing onto majestic trees, this home offers serenity while being minutes away from parks, grocery stores, dining, schools, major highways, downtown restaurants, pier and marina. Enjoy miles of trails for hiking and biking right in this neighbourhood! A main-floor bedroom/den with a full bath, is perfect for guests or home office use. The 2023 updates include new windows, doors, and garage doors, while the stunning hardwood floors, pot lights, and staircase (2018) add elegance throughout. The modern kitchen features sleek black quartz countertops, ideal for family gatherings and entertaining. Upstairs, the luxurious primary suite offers a walk-in closet and a spa-like 4-piece ensuite. The fully renovated upper-level bathroom (2023), three spacious bedrooms, and laundry complete the second floor. The finished basement (2023) offers endless possibilities with a sauna, second laundry room, bathroom, and in-law suite potential. Step outside to your private backyard oasis with two walk-outs, a large deck, and plenty of space to relax or play. This is a must-see home in a fantastic family-friendly location! (id:51158)

For Sale$1,399,999

2079 Hunters Wood Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms2201 sqft

Welcome to your new home in the highly desirable Headon Forest neighbourhood! This stunning 4-bedroom, 4-bathroom home is designed with luxury and comfort in mind. As you step inside, you’re greeted by an inviting family room with gleaming hardwood floors, creating a warm, elegant atmosphere perfect for entertaining. Flowing seamlessly through the home, you’ll find a bright, spacious kitchen that opens into a welcoming dining room—ideal for family gatherings. Toward the back of the house, a cozy living room awaits, offering the perfect spot to unwind and enjoy quiet evenings by the wood burning fireplace. Upstairs, the primary suite offers a tranquil escape with its own ensuite, accompanied by two additional generous bedrooms. The top level provides a private bedroom and bath—perfect for guests or added privacy. The fully finished basement offers even more living space, with a rec room, a den/office, and a 3pc bathroom. Step outside into your personal oasis—a breathtaking backyard complete with a saltwater heated pool and a soothing waterfall, perfect for relaxing or hosting gatherings. This home is ideally located close to schools, parks, and shopping. Don’t miss the chance to make this incredible property your own! (id:51158)

For Sale$3,749,000

2147 Berwick Drive

Burlington, Ontario

5 Bedrooms5 Bathrooms6464 sqft

The GEM of Millcroft. Nestled in the golf course community of Millcroft, this meticulously maintained residence combines luxury living with ultimate convenience and stunning views. This magnificent lot is approx. 1/3 of an acre with a 90' frontage able to accommodate a triple car garage and driveway for 9-12 vehicles. Beautiful stone steps and a grand entryway lead to the front door. Solid front doors open to a grand foyer showcasing engineered hardwood floors throughout. A spacious living room on the left light-filled, great for relaxation. Main floor dinning room perfect for dinner parties or special occasions. A grand island grabs your attention in the kitchen equipped with premium GE Monogram appliances, stunning stone countertops, custom cabinetry, and ample prep space perfect for entertaining or culinary creativity. A spacious rec room for entertainment with a cozy gas fireplace also on this floor, ideal for movie nights or cozy relaxation. Past the powder room and down the hall lies an office with outside access to a covered porch. Up the staircase the second floor greets you with an open space. The primary bedroom is a tranquil retreat with a gorgeous fireplace, or maybe you would rather sit outside on the covered porch, ensuite featuring separate tub, walk-in shower, double sinks, and high-end finishes. A massive walk-in closet with custom built-ins to store your wardrobe in style is also part of this space. 3 other bedrooms on this floor. 2 share a Jack and Jill bathroom. The 3rd has its own. Lwr lvl in-law suite, complete with full kitchen, ideal for guests or multi-generational living, family room with electric fireplace. A spacious bedroom offering privacy with a large dressing room & washer/dryer. 3-Piece Bathroom, outside an in-ground concrete saltwater pool, cabana with TV & gas fireplace. Golf Course views from your private backyard. Great schools close to HWYs, restaurants, parks, and many other amenities. (id:51158)

For Sale$515,000

1800 Walkers Line Unit# 310

Burlington, Ontario

1 Bedrooms1 Bathrooms643 sqft

Welcome home to the Woodbridge Condos! This delightful, open concept, 1 bedroom, 1 bathroom condo is situated in a well established, beautifully maintained building, offering both comfort and convenience. This bright and spacious unit is well appointed with an airy bedroom complete with loads of natural light and ample closet space, a bright open kitchen with plenty of cupboard space, breakfast bar, dining area, in-suite laundry, a modern 4pc bathroom, and a spacious living room with walk-out to your balcony, perfect for enjoying your morning coffee! LOW condo fees ! Amenities include: Exercise room, party room, sauna, car wash, and visitor parking. Unit includes your private parking space and enclosed locker. Located in the vibrant Palmer area of Burlington, you will find everything you need just steps away from shopping and dining to entertainment. For commuters, you have quick access to highways and public transit is readily available. This is the perfect blend of urban living and accessibility - ideal for anyone seeking a dynamic yet comfortable lifestyle. Don't miss the chance to make this condo your own. (id:51158)

For Sale$629,999

500 Brock Avenue Unit# 1301

Burlington, Ontario

1 Bedrooms1 Bathrooms634 sqft

Experience luxury living at the Illumina Condominium in downtown Burlington, a prestigious development by Molinaro Group completed in 2023. This residence epitomizes convenience with an impressive 86 WalkScore, placing it mere steps from the lake, Spencer Smith Park, and the upscale shops/restaurants along Brant St. Inside, discover a stunning kitchen with stainless steel appliances, a master bedroom featuring custom closets, oversized 4-pce bathroom, and 9-foot ceilings throughout. Step onto your private balcony to soak in breathtaking views of Lake Ontario. This Building offers exceptional amenities including the hotel-inspired lobby, attentive 24/7 concierge service, party and games rooms, a rooftop patio with BBQs and lake views, secure bike storage, and a fully equipped gym. This unit comes complete with one locker and an underground parking spot. Professionally interior designed- all furniture is negotiable. (id:51158)

For Sale$450,000

1377 Lakeshore Road Unit# 108

Burlington, Ontario

1 Bedrooms1 Bathrooms780 sqft

An unbeatable location for this updated, bright & spacious, 1 bedrm corner unit at Lakeside Heights in downtown Burlington, directly across from Spencer Smith Park, literally steps to lake, trails, & hospital, a minute to QEW/403/407, & surrounded by just about every other amenity. Lakeside Heights is the premier co-op building in Burlington. This unit features 780sqft, an updated kitchen w/quartz CTs, brand-new SS fridge, stove, & range hood, backsplash, new sink & faucet, quality cabinetry w/soft-close drawers, & a pantry, a dining area off kitchen, a large living rm w/lots of windows, a spacious primary bedrm w/mirrored closet, an updated 4pce bath w/new vanity, porcelain CT, faucet, showerhead, toilet, vinyl floors, & reglazed tub & wall tile, quality hardwood floors T/O, updated light fixtures, lots of closet/storage space, & fresh paint T/O. This unit is in a great location in the building, just a few steps to laundry, storage locker, & parking. The building has a great community feel, is very quiet, extremely well maintained, has a great condo committee, & a healthy reserve fund. The building also has an elevator, onsite laundry facility, & ample visitor parking. The monthly fee includes PROPERTY TAX, heat, water, cable, internet, storage locker, & exclusive parking space. Adults only. No rentals/leasing. No pets other than service animals. This unit shows pride of ownership, has many very recent updates, & is move-in ready! Don’t wait & miss this one! Welcome Home! (id:51158)

For Sale$499,900

700 Dynes Road Unit# 206

Burlington, Ontario

2 Bedrooms2 Bathrooms1178 sqft

This beautiful 2 bdrm,1.5 bath and over 1150 sq ft of living space is located in the desirable Empress building with 24 hour concierge. The large entry way with double wide closets leads you to the beautiful bright and spacious eat-in kitchen and dining room. The living room has bright big windows and is a great size for entertaining or just relaxing with family. The oversized primary bedroom includes a walk-in closet and ensuite. The second bedroom, which offers a double closet, is situated across the hall from the main bath. Additionally, a spacious in-suite laundry room and large separate storage room will help keep all the extras tucked away. This building boasts amazing amenities that include a fitness center, library, communal kitchen/party room, workshop, carwash, outdoor salt-water pool and community BBQ area. Steps away from parks, Burlington Centre, public transit and GO with easy access to QEW. This beautiful condo awaits you! (id:51158)

For SaleOPEN HOUSE$978,888

1036 Cedarwood Place

Burlington, Ontario

3 Bedrooms2 Bathrooms1515 sqft

Welcome to 1036 Cedarwood Place, the perfect bungalow for your next chapter. Nestled in the peaceful Central Aldershot neighborhood, this updated home offers easy, one-level living designed for comfort and convenience. Featuring 2 main-floor bedrooms and an additional bedroom in the finished basement, this home is ideal for those looking to downsize or enter the market with confidence. The modern updates, including the kitchen, bathrooms, luxury vinyl plank flooring, landscape/hardscape, and recent window updates, provide a bright and welcoming environment filled with natural light. With 2 full bathrooms and thoughtful renovations throughout, this home is move-in ready, offering a perfect blend of style and comfort. Enjoy the peace of mind with no rental items, ensuring low maintenance and serene living for years to come. Located close to essential amenities, parks, and walking paths, its an ideal place to enjoy a healthy lifestyle in a home that truly meets your needs. Make 1036 Cedarwood Place your tranquil home haven. (id:51158)

For SaleOPEN HOUSE$420,000

1284 Guelph Line Unit# 113

Burlington, Ontario

1 Bedrooms1 Bathrooms576 sqft

Enjoy carefree living in Mod'rn! A smaller boutique condo providing a quieter, less congested setting than many larger condo complexes. Relish in the convenience and privacy of this unique ground-floor end unit, tucked away in a quiet C-shaped building. With only one neighbouring unit beside you and no one below, you'll experience an enhanced level of peace and quiet. This prime unit location offers quick and easy access to the underground parking stairwell making commutes a breeze, while large 9' windows overlook a scenic roundabout complete with landscaped flower beds and greenspaces, adding charm to your living space. Enjoy the added security of seeing all arrivals as they pass by while looking out into the building's beautiful interior facade. Entertain friends on the spacious rooftop patio with sweeping south facing views complete with lounge furniture, gas fireplace and gas BBQ's. Party room on the ground floor provides options for indoor events and an alternative setting during the winter months. This carpet free unit provides 10 foot ceilings, & 6 appliances. Kitchen includes movable island, backsplash & granite countertops. The Living room includes a sliding patio door entry to your personal terrace. Only ground floor units such as this one are permitted personal BBQ's on the terrace. All windows in this unit are complete with Panorama Sterling 50 Solar Gard window film for enhanced privacy, UV protection, and energy efficiency. 1 underground parking space is included. The underground garage has ample visitor parking spaces for guests. Conveniently located close to QEW and Burlington Go. A great place to call home. This unit is ideal for anyone seeking ground-level accessibility combined with the benefits of a private end-unit retreat. (id:51158)

For Sale$959,900

551 Maple Avenue Unit# 1202

Burlington, Ontario

2 Bedrooms2 Bathrooms1300 sqft

Welcome to 1202-551 Maple Ave, a sophisticated 2-bedroom, 2-bathroom condo in the upscale Strata building, offering hotel-like luxury and convenience. This bright, open-concept unit boasts modern finishes, including sleek quartz countertops and stainless steel appliances in the updated kitchen. The spacious living area is illuminated by floor-to-ceiling windows, leading to a private balcony with stunning views of Lake Ontario. This suite comes with 2 deeded parking spots, a locker for extra storage, and access to Premium amenities such as a 24-hour concierge, Business Centre w/wifi, BBQ Area, fitness centre, yoga studio, indoor pool w/ sauna, Games/Party Room, Zen Garden and a Rentable Guest Suite for Out of town Family and Friends to enjoy. This condo provides an effortlessly elegant lifestyle. Minutes to the Lake with walking Trails, Beach and all your Shopping and Restaurants minutes away. (id:51158)