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 $640,000

320 Plains Road E, Unit #408

Burlington, Ontario

2 Bedroom 1 Bathroom 709 sqft

Welcome to the Affinity condos a modern 6 storey mid-rise built by Rosehaven Homes in 2020, located in the prestigious Aldershot Village. Surprisingly spacious 1 bed + den with a open concept floor plan that maximizes all sqft. Experience comfort and luxury seamlessly blended into this extra wide unit, beautiful U shaped kitchen with stainless-steel appliances and a breakfast bar and additional built-in multi-use storage cabinets. Enjoy the tranquility of the quiet private balcony facing west towards picturesque trees. Two convenient underground parking spots, one is oversized and in a private alcove, extra large locker on the same floor as the unit. Amenities boast a yoga studio, gym, meeting room, rooftop lounge w. BBQ's & gas fire pit, social room with TV & pool table, Party Room with a kitchenette can combine with the adjacent social room to accommodate larger events. Amenities are mirrored in 340 Plains Rd E, which all residents can access. Plenty of visitor parking, electric car charging station & ability to install personal car charger. Designated pet relief area with park benches, pet friendly building with limitations. Located approximately 1km from GO Station, in close proximity to grocery stores, coffee shops, restaurants, Mapleview Mall, Royal Botanical Gardens, easy access to Highway 403, QEW & 407. This lovely condo is bound to leave you with a lasting impression! (id:51158)
Homes for sale in Burlington

For sale $2,599,000

939 Teal Drive

Burlington, Ontario

5 Bedroom 4 Bathroom 2219 sqft

Custom built designer home in sought after ‘Birdland’ in South Aldershot! This 4+1 bed, 3.5 bath home is the epitome of luxurious modern living. Impressive millwork and built-ins throughout, white oak flooring, and heated floors on all tiled surfaces. The focal point is the gourmet kitchen with 14ft island, gas fireplace, Jenn Air appliances, pot filler and incredible custom Oak hood. Step through the french doors to one of 2 serene backyard spaces. Upstairs the impressive details continue with 2 of the bedrooms featuring vaulted ceilings with beams, custom closets throughout and a full bath with double vanity. The primary bedroom boasts a walk-in-closet, coffee station w/sink and impressive 5-pce ensuite bath with Biagio Italian soaker tub and his/her showers! Convenient mud rm off the garage is perfect for backpacks and coats at the end of the day. Fully finished lower lvl offers a 5th bedroom with ensuite (ideal nanny or in-law suite!), rec room, walk-in wine cellar and wet bar. The mechanicals on this home are just as impressive as its design! A few notables include spray foam insulation, heated garage with EV charger and epoxy flooring, new 200amp panel, upgraded 1” water line from the street, 3 separate gas lines along the perimeter of the home, and fully waterproofed foundation. Enjoy the tranquillity of the neighbourhood with its gorgeous tree canopy and proximity to the waterfront and Burlington Golf & Country Club. Close to downtown, shopping GO Train, and schools. (id:51158)
Homes for sale in Burlington

For sale $739,900

320 Plains Road E, Unit #310

Burlington, Ontario

2 Bedroom 2 Bathroom 948 sqft

Step into luxury living with this exquisite 2-bedroom, 2-bathroom condo boasting a blend of elegance and comfort. As you enter, you're greeted by an open floor plan flooded with natural light, creating an inviting ambiance. The spacious primary bedroom offers tranquility, privacy, and a walk in closet, while the sleek bathroom features modern fixtures and a touch of sophistication. Work from home in a well laid out Den. Take advantage of the well-appointed kitchen, perfect for culinary adventures, and unwind in the cozy living area. Beyond the unit, indulge in the array of amenities including a fitness center, yoga room, party/games room and outdoor patio, promising a lifestyle of convenience and relaxation. Come experience the epitome of urban living in this stunning condo. (id:51158)
Homes for sale in Burlington

For sale $2,775,000

650 North Shore Boulevard E

Burlington, Ontario

4 Bedroom 3 Bathroom 2310 sqft

Absolutely spectacular French Normandy inspired waterfront home with Riparian Rights. A one-of-a-kind character home with superb custom improvements both inside & out. The heart of this home is a stunning chef's kitchen equipped with top-of-the-line Fisher Paykal appliances, custom cabinetry, a large center island & wine fridge for up to 96 bottles! The open concept floor plan allows you to enjoy a full wall of windows across the rear of the home offering gorgeous views of the stunning backyard oasis and Burlington Bay. Four bedrooms, 3 bathrooms and a finished basement offer plenty of space for a growing family and entertaining. Second Floor features an Executive Master Suite, 4pc ensuite, walk in closet, a lovely seating area with gas fireplace and breathtaking lake views! Whether you prefer relaxing by the water's edge, kayaking in Lake Ontario or savouring the spectacular sunsets, this property offers a rare opportunity to experience the joys of lakeside living. This is a Rare Opportunity to Live on the Lake in a premium Location! (id:51158)
Homes for sale in Burlington

For sale $1,799,990

2060 Lakeshore Road, Unit #1401

Burlington, Ontario

3 Bedroom 2 Bathroom 1276 sqft

RARE opportunity to own a high-quality prestigious waterfront 2 bedroom & a Den, 2 bathroom, 1270+ sqft condo in Downtown Burlington. Welcome to Bridgewater Private Residences. This luxurious corner suite features breathtaking views of Lake Ontario and downtown Burlington from an oversized private balcony, an open-concept state-of-the-art kitchen surrounded by floor-to-ceiling windows, and two large bedrooms with fully upgraded 4 and 5-piece en-suite bathrooms. Complimented by a bright and spacious Den, this condo truly has it all. Over $70,000 worth of builder upgrades including top-quality Thermador appliances, Barzotti cabinets, an oversized island with quartz countertops that chefs only dream of, a built-in fridge and convection oven, engineered hardwood flooring, custom lighting throughout, and custom wall and ceiling finishes. A 5-piece en-suite bathroom complements the primary bedroom overlooking Burlington downtown core. Enjoy perks such as access to the indoor pool, spa and restaurant at the attached Boutique Pearle Hotel. With 2 parking spots (with EV charger roughed-in) and a storage locker conveniently located in the underground garage, this unique property will exceed the highest of expectations. Book your showing today and get ready to be amazed. (id:51158)
Homes for sale in Burlington

For sale $2,275,000

3021 Lakeshore Road

Burlington, Ontario

5 Bedroom 4 Bathroom 3132 sqft

Welcome to this sprawling executive 4 level home in the coveted Roseland community. Just steps away from vibrant downtown Burlington, the lake and within sought after school catchment. From the moment you arrive, you will be impressed with the lovely curb appeal this home offers on a premium 80 foot wide lot, double car garage and parking of up to 5 cars. Once inside the spacious foyer, you’ll step up to a large welcoming living room perfect for entertaining and enjoying the warmth of the wood burning fireplace. The kitchen featuring stainless steels appliances & stone countertops flow effortlessly to the main floor office, dining room & grand family room with vaulted ceilings, skylights and wood burning fireplace. Convenient main floor primary bedroom suite features an atrium ceiling, a 5 piece ensuite, walk-in closet, gas fireplace & walkout to private, park-like grounds with heated in-ground pool. Second storey offers four spacious bedrooms, one featuring a 3pc ensuite & an additional 5pc bathroom. Lower level recreation room has a wood-burning fireplace, wet bar & built-in bar fridge. Relax in style within the massive backyard and perfect sanctuary for gatherings & extended outdoor enjoyment with the heated in-ground pool, hot tub and serene views of the mature landscaping and perennial gardens. Enjoy the convenience of being within walking distance to downtown Burlington with its array of shops, restaurants, the arts center, Spencer Smith Park, and much more. (id:51158)
Homes for sale in Burlington

For sale $2,600,000

2411 Lakeshore Road

Burlington, Ontario

6 Bedroom 4 Bathroom 3584 sqft

VENDOR FINANCING AVAILABLE AT AN ATTRACTIVE RATE. Stunning detached 3 storey designated heritage century home is situated within walking distance to exciting downtown Burlington restaurants, shops & waterfront walks. Loads of character with original features, including a wraparound porch created with wood shipped in from BC. Walk-in through the original door with its stained-glass windows, opening into a good size hall full of natural light. The large living room has a beautiful bay window that overlooks the front yard, original hard wood flooring, coffered ceilings, gas fireplace and original pocket door that leads into the large family room with yet another bay window. Separate dining room with crown moulding and coffered ceilings leads into spacious kitchen addition (2015). Gourmet kitchen full of natural light including large island, breakfast bar, custom cabinetry, granite counters & tin back splash. Walkout into a stunning back yard with inground pool, hot tub situated in the gazebo, private patios, and mature shrubbery. The second floor has 3 good sized bedrooms & original wood floors. 1 bedroom includes an ensuite-perfect for house guests. The 4PC main bathroom has a beautiful clawfoot bathtub & linen closet. The massive upper floor addition has 2 large bedrooms, 3PC bathroom & large office. EXTRAS: 2 furnaces & A/C. 50% rebate on Property Taxes(heritage). This home is a real eye catcher and has so much to offer it is perfect for a family that wants something special. (id:51158)
Homes for sale in Burlington

For sale $6,999,900

3188 Lakeshore Road

Burlington, Ontario

4 Bedroom 4 Bathroom 2505 sqft

Welcome to your oasis on the water, where panoramic lake views and luxurious living converge in perfect harmony. This 3+1 bedroom, custom-built bungaloft, only six years old, offers a haven of tranquility and elegance spanning approx 4200 sq ft. of living space. Step inside and be captivated by awe-inspiring waterfront views that greet you from every corner of the house. Immerse yourself in the warmth of heated flooring throughout, ensuring comfort even on the coldest days. The heart of this home is its gourmet kitchen, making culinary adventures a delight. With spacious living areas and meticulously designed interiors, this quality built residence is tailor-made for those who love to entertain. The garage accommodates 3 cars with a car lift and the driveway can hold up to 8. Outside, a visual masterpiece awaits—a stunning infinity edge pool seamlessly blending with the lake, accompanied by a relaxing hot tub. The property’s landscaping is a testament to meticulous care, enhancing the natural beauty of the surroundings. Multiple outdoor living spaces beckon for unforgettable gatherings and entertaining. Whether it’s a cozy family barbecue or a grand celebration, the possibilities are endless. This waterfront gem offers not just a home but a lifestyle—a harmonious blend of elegance, comfort, and natural beauty. (id:51158)
Homes for sale in Burlington

For sale $539,000

5010 Corporate Drive, Unit #230

Burlington, Ontario

1 Bedroom 1 Bathroom 709 sqft

Stunning extensively upgraded 1 Bedroom + Den condo in VIBE complex. Hardwood throughout, granite and oversized tiles in kitchen, foyer & Bath. In suite laundry, 1 underground parking #129 and storage locker (Room 4 #254) included. Amenities: gym, theatre/party room and rooftop terrace. Close to go station, HWY and shopping. RSA. Please attach Schedule B & Form 801 to all Offers. (id:51158)
Homes for sale in Burlington

For sale $657,889

5327 Upper Middle Road Unit# 218

Burlington, Ontario

1 Bedroom 1 Bathroom 849 sqft

Newly renovated!!!! Spacious, Bright and Luxurious, 1 Bedroom 1 bath. Located in the in the Orchard/Bronte Woods area in north east Burlington... The Main Floor Features An Open Concept Layout With Tons of Natural Light, Laminate Floors, throughout Condominium . The Kitchen Island/Breakfast Bar brings a warm feeling of togetherness and still have the open concept. Spacious foyer with ceramic tiles, where you will find a large In suite Laundry room with brand new washer and dryer, followed by an open high ceiling Family Room, open to breakfast area. Awesome Roof Top patio for BBQ, relaxing catching sunshine and great views, there is also a Party Room , One underground Parking Space, One Locker. Furnace, A/C and Water heater all reliance Rentals Approx. $127.00 per month . (id:51158)
Homes for sale in Burlington

For sale $1,799,000

2273 Turnberry Road Unit# 1

Burlington, Ontario

4 Bedroom 4 Bathroom 2415 sqft

Introducing 2273 Turnberry Road, #1, a brand new executive end-unit townhome nestled within an exclusive enclave in Millcroft! This residence offers a lifestyle of refined luxury, set amidst a community renowned for its top-rated schools, Millcroft Golf and Country Club, vibrant shopping, dining options, and easy highway access. The extended-height windows flood the interior with natural light. Quality built by Branthaven, the Knightsbridge model boasts approximately 2,415 square feet of luxurious living space (including 270 square feet in the finished basement) and over $60,000 in upgrades. The main level hosts a guest bedroom with a four-piece ensuite. The open-plan second level, with 9’ ceilings, is perfect for entertaining, and features an expansive living room, dining room, and a chef-inspired kitchen equipped with quartz countertops, high-end stainless steel appliances, large island, and French door access to terrace. Ascending to the third level, discover the oversized primary retreat complete with a three-piece ensuite, two additional well-sized bedrooms, a four-piece main bathroom, and a convenient laundry room. Outdoor entertaining is effortless on the partially covered terrace with a gas barbecue hook-up and plenty of space for a dining area. Additional highlights include prefinished oak engineered hardwood flooring, 8’ interior doors, a spacious recreation room and ample storage space in the basement, along with inside access to the oversized two-car garage. This luxury townhome is situated on the premier lot of this subdivision and offers ideal south-west exposure and panoramic views of the Niagara Escarpment. (some images contain virtual staging) (id:51158)
Homes for sale in Burlington

For sale $1,499,000

2220 Lakeshore Road, Unit #36

Burlington, Ontario

2 Bedroom 2 Bathroom 1878 sqft

Exclusive water front top floor condo,1878 square feet .Two Bedrooms, Two full baths , Two side by side underground parking 27/28, hardwood and marble floors through out, spacious 15.1x12.4 separate dining room with mirrored ceiling coving. Enjoy the beautiful lakeviews and unique setting for this high end three story condo complex. The amenities are amazing including ,indoor pool on ground level, sauna, exercise and weight room, party room,barbeque area and overnight guest suite. Enjoy the tranquility of sitting by the lake and the convenience of walking downtown to Spencer Smith Park. If you are thinking of making a move now or investing to make an exciting future move .This beautiful, spacious condo is worth looking at . (id:51158)
Homes for sale in Burlington

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