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$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$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 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$1,250,000

2182 Clarendon Park Drive

Burlington, Ontario

4 Bedrooms2 Bathrooms1210.9 sqft

Welcome to 2182 Clarendon Park Drive! This is the family-friendly bungalow you've been looking for on a beautifully landscaped lot in a prime location! You're greeted with an inviting covered front porch as you walk up to the home. Coming inside, you'll find a welcoming living and dining space, featuring original hardwood floors, a gas fireplace, and large bright windows. The spacious eat-in kitchen has been fully renovated, with timeless white cabinetry, quartz countertops, and stainless steel appliances. Down the hall you will find three bedrooms, ideal for families or those looking for main floor living. A fully renovated 4-pc bath, with heated flooring, completes the main floor. Headed downstairs, is a large beautifully renovated family room, additional bedroom, and 3-pc bath. Quality workmanship is evident throughout, as this home has been lovingly maintained and updated throughout the years. A separate laundry / utility room completes the lower level, offering extensive storage options. The large backyard offers a wonderful space for a family to enjoy. Complete with stone patio, Artic Spa hot tub, and extensive gardens, this is your own little oasis. Plenty of parking and is available with the double drive and single car garage. Located in desirable Central Burlington, this home is just minutes away from downtown and the waterfront, schools, library, amenities, and commuting options along the highway and GO line. This isn't one to miss! (id:51158)

For SaleOPEN HOUSE$1,399,000

1150 Skyview Drive Unit# 52

Burlington, Ontario

3 Bedrooms4 Bathrooms2150 sqft

Welcome to Tyandaga Oaks! This detached home has been meticulously maintained with many updates throughout. Boasting 3800+ square feet of finished living space, you will not be disappointed. From the most dreamy living room, to a ginormous basement - this is the home for you! The open concept main floor includes separate living and dining rooms, half bath for your guests, main floor laundry and a family room that opens to a nicely updated kitchen. The kitchen features stainless steel appliances, quartz countertops and tons of cabinetry. The sliding door leads from the eat-in area to a lovely green yard, and raised deck. The second floor is presented by a gorgeous wood staircase, and includes 3 spacious bedrooms and 4-piece main bathroom. The generously sized primary suite has enough space for a king bed, walk-in closet and can even fit a seating area if you wish. The giant soaker tub is perfectly placed in the ensuite bath with new tile and vanity. The finished basement has a ton of storage, an extra 3-piece bath and so much space for a rec room, games room, office, etc. Many updates have been made throughout the home including new hardwood flooring, stainless steel appliances, bathroom vanities and tile, garage door, and back deck. There is ample parking - enough to fit 6 cars total, with easy access to all amenities and the QEW/403. This is one you do not want to miss - LETS GET MOVING! (id:51158)

For SaleOPEN HOUSE$669,900

340 Plains Road Unit# 512

Burlington, Ontario

2 Bedrooms2 Bathrooms901 sqft

Elevate your lifestyle in the vibrant Aldershot community! Welcome to unit 512. Bask in the natural light pouring into every room or step outside onto your private covered balcony. An outdoor oasis that extends your living space. Whether you're sipping your morning coffee or enjoying a sunset dinner, this private retreat offers you tranquil views and fresh air all year round. Located just minutes from Aldershot GO Station, Highway 403, Mapleview Mall, Schools, Spencer Smith Park, Burlington Pier, Burlington Golf & Country Club, and unlimited dining options. This condo offers the best of Burlington living. Whether you're downsizing, a young professional, or a small family, Unit 512 is the place to call home. Don't miss your chance to experience the lifestyle that awaits! (id:51158)

For Sale$1,488,900

3333 New Street Unit# 13

Burlington, Ontario

3 Bedrooms3 Bathrooms2569 sqft

Roseland Green End unit siding onto Bike path. Many quality updates throughout this 2 Storey home. Open concept great/din/kitchen. Approx 2569 sq ft. Bright kitchen with ample cupboard and counter space. Butlers pantry. Walk out to covered porch and patio. Great room with gas fireplace and access to back yard. Engineered Wood floors on main level. 3 spacious bedrooms. Laundry room bedroom level. 2.5 bathrooms. 2 car garage with entry into home. Roof and skylight 2024. Windows 2022. Double driveway 2021. Garage door 2021. Main floor motorized window blinds. Walk to Lake and shopping. Minutes to highways. (id:51158)

For Sale$1,049,000

399 Elizabeth Street Unit# 611

Burlington, Ontario

3 Bedrooms2 Bathrooms1322 sqft

Embrace the best of downtown Burlington living in this stunning 1322 square foot condo at The Baxter! This luxurious residence offers a spacious split floorplan, with two bedrooms, two bathrooms, and a versatile den—perfect for a home office or guest room. The modern kitchen boasts granite countertops, an island with a breakfast bar, and a wine fridge, making it ideal for entertaining. The main living area features beautiful hardwood floors and ample space for both dining and relaxing. The primary bedroom is enhanced with a walk-in closet and four-piece ensuite. Step out to your expansive terrace-sized balcony or enjoy premium building amenities, including a party room, gym, rooftop terrace, and more. With side-by-side parking and just steps from Burlington's top shopping, dining, and the waterfront, this condo truly has it all! Don’t be TOO LATE*! *REG TM. RSA. (id:51158)

For Sale$849,900

5070 Fairview Street Unit# 209

Burlington, Ontario

3 Bedrooms2 Bathrooms1455 sqft

Don't miss this incredible opportunity to own a stunning end unit in South Burlington, offering almost 1,500 sqft and over $100,000 in renovations and updates! This 2+1 bedroom, 2-bathroom unit boasts a modern design in a neutral colours palette throughout and open-concept living area. The spacious front hall features custom-built shoe cabinets, a closet with custom built-ins, and a full-sized stacked washer and dryer. The kitchen features stainless steel appliances, pristine white cabinetry with a floor-to-ceiling pantry, quartz counters, porcelain backsplash, pot lights, custom island plus an opening to the living room and dining room. The bright living and dining room, features a stunning floor-to-ceiling natural stone electric fireplace, perfect for cozying up on cool nights. The space flows seamlessly to a south-facing balcony with remote-controlled blackout blinds, ideal for relaxing. The primary suite includes a walk-in closet with custom built-ins, remote control blinds, a beautiful 5-piece ensuite with porcelain detailing, MOEN faucets, chrome fixtures, and a double vanity. A second bedroom, a fully renovated 4-piece bathroom, and a versatile den, perfect for a home office, gym or more complete this fantastic unit. Additional features include underground parking, a storage locker, and a prime location across from Appleby GO station—perfect for commuters. Plus, you're just steps away from the Centennial bike path, schools, parks, and all amenities! (id:51158)

For SaleOPEN HOUSE$2,490,000

218 Northshore Boulevard W

Burlington, Ontario

4 Bedrooms3 Bathrooms4938 sqft

Charm and character best describe this lovely traditional home located in one of Burlington's most desirable areas, Aldershot, close to Lasalle Park, Burlington golf course, Botanical Gardens, and the Go station. Very private large landscaped lot (100 x 170; 195 x 102) with majestic mature oak and maple trees. The main floor offers a great floor plan with hardwood flooring, crown molding and wainscotting. Theres an inviting living room with a fireplace and a large dining room for those special family get togethers. The well-equipped kitchen has custom millwork cabinetry and granite countertops, island and eating bar opens to a spacious sunroom overlooking the lovely mature gardens. A den, and a cozy family room with a fireplace complete the rambling main level. A large private master bedroom with views of the bay, walk-in closet and ensuite, there are three generous sized additional bedrooms with large closets and picture windows. The lower level offers a large recreation room, exercise area, and lots of storage. Outside there is a stone patio with mature trees and gardens for outdoor enjoyment. Timeless design can be found in this wonderful home in a quiet family neighborhood with easy access to schools, shopping and dining, many amenities close by, QEW, the Go station are all easily accessible. This special property has endless possibilities let your imagination guide you! (id:51158)

For Sale$629,900

2087 Fairview Street Unit# 1808

Burlington, Ontario

2 Bedrooms2 Bathrooms710 sqft

2 Bed 2 Bath condo living with some of the very best amenities around! Primary bedroom has a 4pc ensuite & walk-out to the rarely offered oversized wrap-around balcony The 18th floor corner unit boasts plenty of natural light and features breathtaking views of the lake, escarpment, and the sunset.2nd bedroom with north facing views is perfect for guests, roommates, or an epic home office or studio. High-end amenities include indoor pool, sauna, indoor & outdoor fitness centres, basketball court, party rooms, and the 24th storey Sky Lounge. Ideal location for investors or commuters being just literal steps to the GO transit system. Access Downtown Burlington, Burlington & Mapleview Mall, restaurants in minutes or quick highway access from the conveniently located & owned parking space. (id:51158)

For Sale$1,150,000

430 Pearl Street Unit# 311

Burlington, Ontario

2 Bedrooms2 Bathrooms1557 sqft

Welcome to an exceptional lifestyle in this rare corner unit in the heart of downtown Burlington! This 1557 SF condo offers breathtaking lake and sunset views, just steps from the vibrant waterfront, pier, beach, restaurants, coffee shops, gym, and all amenities. Completely renovated in 2017, this unit showcases an open-concept living and dining area, featuring hardwood floors throughout, large windows flooding the space with natural light, and a gas fireplace with a stunning stone feature wall. The updated kitchen boasts granite counters, stainless steel appliances, and under-mount lighting. Enjoy your morning coffee in the bright solarium, ideal as an office or den, or relax on the expansive 21’ x 3.6’ balcony with lake and village views. The spacious primary bedroom offers balcony access and a renovated 3-piece ensuite with a tub rough-in. The second bedroom also includes a 3-piece ensuite. Building amenities include a rooftop BBQ patio and social room with kitchen. Unit includes a large locker, and two parking spaces. Live the ultimate Burlington lifestyle! (id:51158)