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 $880,000

5220 Dundas Street Unit# 210

Burlington, Ontario

3 Bedroom 3 Bathroom 1238 sqft

Introducing the Intra Model at The Link Condos in North Burlington, a stunning two-storey modern condo that exudes luxury and contemporary design. This exquisite unit features just under 1300 sq ft of living space, boasting 3 bedrooms, 2.5 baths and a den. Multi-level living, offers ample space for comfort and functionality. Enjoy picturesque views of the beautifully landscaped courtyard and the serene Bronte Creek Provincial Park. The ultra-modern building boasts top-tier amenities, including a two-storey wellness center with a plunge pool, steam room, sauna, party room, and ample visitor parking. The rooftop terrace offers meeting rooms, BBQ facilities, and a fully equipped workout room, perfect for social gatherings and fitness enthusiast. Located in the prime Orchard Community, residents benefit from proximity to shops, schools, scenic trails, and the Appleby GO Station for seamless commuting. Geo Thermal Heating helps save on energy costs while reducing your carbon footprint. The unit includes one designated parking spot. Embrace luxury, modernity, and unparalleled convenience in one of Burlington’s most sought-after communities. The Intra model at The Link Condos is more than just a home; it’s a lifestyle. Don’t miss the opportunity to make this exceptional condo your new home. Contact us today for more information or to schedule a viewing. (id:51158)
Homes for sale in Burlington

For sale $679,900

2075 Amherst Heights Drive Unit# 208

Burlington, Ontario

2 Bedroom 2 Bathroom 1191 sqft

This beautiful 1 bedroom plus den condo unit offers 1191 sq. ft of bright and spacious living space. Featuring beautiful hardwood floors throughout, the unit boasts a good sized kitchen, dining room, and living room with large window opening to a south facing balcony which provides views of the lake on clear days. The den is an ideal space for an office or TV room. There is a generous sized primary suite with walk -in closet an updated ensuite. An additional 3 piece bathroom and a good sized laundry room complete the space. This unit comes with a locker and underground parking spot. Building features include a party room, library, exercise room, hobby room, car wash, and patio area with furniture and BBQ perfect for family gatherings. Located close to Parks, rec centre, schools, Tyandaga Golf, shopping including Costco, and easy highway access. This condo is a perfect blend of comfort and convenience. (id:51158)
Homes for sale in Burlington

For sale $899,000

1041 Plains View Avenue

Burlington, Ontario

3 Bedroom 2 Bathroom 1146 sqft

The lifestyle you've been dreaming of in West Aldershot! This charming home sits on a generous 40' X 120' pool sized lot in a family-friendly neighborhood, just a short walk to Royal Botanical Gardens, parks, trails & lake. Easy access to GO Station, amenities & highways. Boasting wonderful curb appeal, with a lovely wood front porch and solid cherry front door. With parking for 5 cars & separate garage. The 1627 SF of finished living space includes a bright living room with a fireplace and remote-control blinds, flowing into an updated designer kitchen. The kitchen is a chef's dream with white cabinets, a gas range, farmhouse sink, breakfast bar, quartz counters & newer SS appliances. The main floor bedroom (currently fitness room) includes a renovated 4PC bathroom with heated floors and a barn door. Use the charming wrought iron staircase to the primary bedroom offering 4 skylights, wood floors, an electric fireplace, and a 3PC ensuite with heated floors. The basement is perfect for guests, with a 3rd bedroom and office. Step outside from a lovely mudroom with loads of storage and 4 garden doors, to a large private rear yard with a hot tub, composite decking, patio, and ample grass space. UPDATES: Roof (‘21), Skylights (‘20), Upgraded spray foam insulation, hot tub Heater (‘22), hot tub pump (‘24) Plus, remotes for fireplaces, main floor blinds, lotus lights in sunroom. This home is a perfect blend of comfort and luxury in a prime location. Don't miss out! (id:51158)
Homes for sale in Burlington

For sale $1,659,000

2060 Lakeshore Road Unit# 1503

Burlington, Ontario

3 Bedroom 2 Bathroom 1275 sqft

Welcome to 2060 Lakeshore Road Unit 1503, a luxurious condominium nestled in the heart of Burlington. This sophisticated residence boasts the epitome of urban living with its impeccable features and prime location. As you step into this meticulously designed unit, you're greeted by an aura of elegance & comfort. With 2 spacious bedrooms& 2 bathrooms, including a primary bedroom with its own en-suite, this condo offers the perfect blend of style and functionality. The custom kitchen is a chef's dream, featuring high-end appliances and upgrades galore, making meal preparation a delight. The open-concept layout seamlessly flows into the living area, adorned with a cozy gas fireplace, ideal for relaxing evenings or entertaining guests. Step outside onto the open balcony and soak in the breathtaking views of the southeast exposure. With a gas BBQ hook-up, it's the perfect spot for al fresco dining or simply enjoying the vibrant cityscape. Security & convenience are paramount with 2 owned parking spaces underground & an owned locker for added storage. The building amenities elevate the living experience with a rooftop deck/garden social area, party room, & exercise room, providing ample opportunities for recreation & relaxation. Located just steps away from the waterfront & Spencer Smith Park, residents can enjoy leisurely strolls by the lake or picnics in the park. Plus, with fabulous restaurants & shopping within walking distance, every convenience is at your fingertips (id:51158)
Homes for sale in Burlington

For sale $4,499,000

3232 Guelph Line

Burlington, Ontario

4 Bedroom 5 Bathroom

Remarkable in every way, this truly magnificent 4 bedroom custom-built home nestled in the serene countryside of Burlington, is the epitome of luxurious living. As you approach this home, you will be stunned by the elegant curb appeal, with the front facade showing a natural stone and stucco exterior, exterior light fixtures. As you step through the double front doors into the airy foyer, you will feel as if you entered a luxury boutique hotel with the 4X8 luxury tiles all throughout. The foyer greets you with a dramatic ceiling, winding wrought iron staircase, and enchanting chandelier that will dazzle guests. The foyer flows into the grand dining room finished with a gorgeous ceiling, accent wall, and chandelier, ideal for hosting lavish dinner parties. The inviting living/ great room is great for small gatherings or unwinding alike, finished with an onyx stone gas fireplace and large window offering unobstructed backyard picturesque views.This enthralling chef-inspired piano-finish kitchen is a true masterpiece of design, equipped with Porcelain countertops, custom cabinetry, and top-of-the-line panelled Thermador appliances. Enjoy a cocktail in the adjoining lounge area, featuring a breathtaking chandelier or make your way to the sunroom to take in the serene Picturesque views. Large patio doors take you out to the private backyard which backs onto Greenbelt conservation area and features mature tall trees and a covered back patio; great for entertaining or relaxing in private. Finished Walk out Basement ideal for in law suite or entertaining with a huge master ensuite and a Kitchenette. Don't miss out on this one of a kind unique Custom built home offering a perfect blend of luxury country rural living and city convenience close to major amenities. **** EXTRAS **** Furniture (id:51158)
Homes for sale in Burlington

For sale $7,770,000

2633 Bluffs Way

Burlington, Ontario

7 Bedroom 8 Bathroom 8162 sqft

Welcome to an unparalleled living experience in the prestigious Bluffs of Burlington. This 10-year-old custom-built estate offers over 13,000 sq ft of luxurious living space on a magnificent 2.5-acre gated property, steps from the Bruce Trail. Designed for both lavish entertaining and serene family living, this fully furnished home features 5+2 bedrooms and 8 baths. The great room boasts cathedral ceilings, and oversized principal rooms with 12 ft ceilings are adorned with granite and hardwood flooring. The walk-up basement offers a steam room/spa, gym, theatre, recreation room, and more. Outside, the circular driveway leads to two oversized double garages. This property includes a pool with a waterslide, a cabana, hot tub, par 3, all set against breathtaking panoramic views. Cutting-edge geothermal heating and air systems ensure comfort and sustainability. Experience privacy and tranquility in this lush, green enclave while being close to Burlington’s amenities. (id:51158)
Homes for sale in Burlington

For sale $7,770,000

2633 Bluffs Way

Burlington, Ontario

7 Bedroom 7 Bathroom

Welcome to an unparalleled living experience in the prestigious Bluffs of Burlington. This 10-year-old custom-built estate offers over 13,000 sq ft of luxurious living space on a magnificent 2.5-acre gated property, steps from the Bruce Trail. Designed for both lavish entertaining and serene family living, this fully furnished home features 5+2 bedrooms and 8 baths. The great room boasts cathedral ceilings, and oversized principal rooms with 12 ft ceilings are adorned with granite and hardwood flooring. The walk-up basement offers a steam room/spa, gym, theatre, recreation room, and more. Outside, the circular driveway leads to two oversized double garages. This property includes a pool with a waterslide, a cabana, hot tub, par 3, all set against breathtaking panoramic views. Cutting-edge geothermal heating and air systems ensure comfort and sustainability. Experience privacy and tranquility in this lush, green enclave while being close to Burlingtons amenities. (id:51158)
Homes for sale in Burlington

For sale $7,900,000

2376 8 Side Road

Burlington, Ontario

6 Bedroom 5 Bathroom

Nestled in the scenic countryside of rural Burlington, this stunning estate offers a perfect blendof rustic charm & modern luxury. Recently renovated by Baeumler Quality Construction, the interior exudes an airy Scandinavian ambience. Glass wall & door features, exposed wood beams & a 30 ft ceiling height in the great room with an oversized Indiana Limestone mantel create a dramatic effect. Upgraded with state-of-the-art Smart Home systems & cutting edge automation. Connected to natural gas plus a Generac 24 kw natural gas backup generator. Enjoy breathtaking unobstructed views of the Toronto skyline, Escarpment & Rattlesnake Point. Backyard paradise features a large deck, meticulous landscape, pond, pool & a flood lit hill, ideal for tobogganing. Beautiful Kilbride offers families the tranquility of nature with the convenience of quick city access. 45 minutes to Toronto, close to amenities, Lowville Golf Club, North Burlington Tennis Club, equestrian stables & renowned hiking trails. **** EXTRAS **** Endless features & upgrades, designer finishes, Richard & Levesque cabinetry, gourmet appliances, walk-in pantry, heated floors, home theatre, 2 laundry rooms, walk-out bsmt, 3 Tesla chargers, separate living quarters above garage. (id:51158)
Homes for sale in Burlington

For sale $7,900,000

2376 8 Sideroad

Burlington, Ontario

6 Bedroom 5 Bathroom 8334 sqft

Nestled in the scenic countryside of the exclusive community of Kilbride, this stunning estate offers a perfect blend of rustic charm & modern luxury. Set on a sprawling 1.79 acre lot in a storybook setting, this palatial property features Scandinavian styled architecture with exposed wood beam details & rugged Indiana Limestone façade, wrap around porch, oversized windows & grand vaulted ceilings. Newly & extensively renovated by Baeumler Quality Construction, the interior exudes an airy ambiance filled with natural light. Glass wall & door features, exposed wood beams & a thirty foot ceiling height in the great room with an oversized Indiana Limestone mantel creating a dramatic effect. Larger than life windows blend indoor & outdoor living. Fully finished walk-out basement with home theatre & glass enclosed home gym. This property also includes a finished three car garage, 3 Tesla EV chargers & a fully separate lofted guest house. Enjoy breathtaking unobstructed views of the Toronto skyline, Escarpment, Rattlesnake Point. The ultimate backyard has a floodlit hill ideal for evening tobogganing. Beautiful Killbride offers families the tranquility of nature with the convenience of quick city access. A 45 minute drive to downtown Toronto, close to Lowville Golf Club, North Burlington Tennis Club, equestrian stables, renowed hiking trails & schools. (id:51158)
Homes for sale in Burlington

For sale $499,900

3200 Dakota Common Unit# B602

Burlington, Ontario

1 Bedroom 1 Bathroom 500 sqft

Stunning condo in Burlington's prestigious Valera Condos! This unit features a rare offering of 2 underground parking spots!! and 2 lockers! fabulous open concept upgraded kitchen to living space, floor-to-ceiling windows providing ample sunlight, smart home technology, modern wood flooring, with west-facing balcony. The building offers top-notch amenities: 24/7 concierge, outdoor pool, BBQ terrace, fitness studio, sauna, steam room, pet spa, and a party room. Located steps from shopping, dining, and leisure facilities, with easy access to the 407, Appleby GO and Bronte Creek Park! this property offers unparalleled convenience and lifestyle. Don't miss this exceptional living opportunity! (id:51158)
Homes for sale in Burlington

For sale $1,050,000

6299 Guelph Line

Burlington, Ontario

3 Bedroom 1 Bathroom 1103 sqft

PRIME double wide lot in nature's paradise, Lowville! Discover this exceptional property suited perfectly for building, just a short walk to picturesque Lowville Park just outside of Burlington. This property features a mature tree-lined lot that modern lots do not offer. Accompanied by a continued-use garage that holds incredible commercial potential for an auto-body business due to its strategic location, this 138x187 ft property is ideal for building your dream home, or enjoying everything this beautifully maintained family home has to offer. With 3 driveways, there is ample parking and endless possibilities for expansion. The house features 3 bedrooms, an eat-in kitchen, and a spacious living room. A separate entrance to the basement opens up the potential for an in-law suite or additional rental income opportunity. Situated conveniently between Milton and Burlington, this location connects you quickly to the 401, 403, and 407 highways, making commuting a breeze. The property is also close to recreational amenities such as the Lowville Golf Club, the Bruce Trail, and Mount Nemo, offering plenty of outdoor activities and stunning vistas unique to this area. This property is a unique combination of residential comfort, building possibilities, commercial potential, and undisrupted rear field views. Whether you’re looking to accomodate a large home & workshop, establish a business, or simply enjoy the beauty of Lowville, this property could be everything you're looking for! (id:51158)
Homes for sale in Burlington

For sale $549,905

1425 Ghent Avenue Unit# 901

Burlington, Ontario

2 Bedroom 1 Bathroom 975 sqft

Welcome Home to your updated Sub-Penthouse right in the heart of Downton Burlington! Bright and open 2 Bedroom 9th Floor unit with 975sq ft of living space plus large balcony, complete with an updated kitchen, granite counters, stainless steel appliances and breakfast bar with pass thru window to balcony and sensational northern views of the Escarpment. 2 large bedrooms with generous sized closets, updated 4pc bathroom with tub/shower combo and vanity. In-suite-laundry with full size washer and dryer, large in-suite storage locker, California drop down ceilings, new flooring, freshly painted, large bright widows throughout the unit. Relax and enjoy your private and elegant outdoor space with loads of afternoon sun and unobstructed views of the Escarpment! 1 underground parking spot included & located right by the entry door. Easy living with all the utilities in the condo fees (including cable and internet!), allowing you to relish in the simplicity of everyday life. Elevate your lifestyle and seize the opportunity to make this exceptional condo your own. Indulge in the epitome of turnkey living, where every detail harmonizes to create a haven you'll be proud to call home. Experience the pinnacle of Burlington living Live For Culture. Live To Be Active. Live What You Love. Live Here! (id:51158)
Homes for sale in Burlington

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