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 $2,098,000

2060 Lakeshore Road Unit# 804

Burlington, Ontario

2 Bedroom 3 Bathroom 1624 sqft

Discover an unparalleled blend of lifestyle, location, and luxury in this stunning corner suite at the distinctive Bridgewater Residences on the lake in downtown Burlington. With approximately 1,655 square feet of opulent living space plus 523 square feet private terrace, this residence features expansive entertainment areas, two private bedrooms, 2.5 chic bathrooms, and four walkouts to three balconies with breathtaking lake views. Inside, every detail exudes elegance, from nine-foot ceilings, deep crown mouldings, and architectural columns to engineered hardwood floors, stone floor tiles and counters, pot lights and chic designer light fixtures. The living and dining areas, embellished with tray ceilings, crown mouldings, and floor-to-ceiling windows, offer walkouts to the terrace, while a linear gas fireplace adds warmth during winter. Stay connected to the action in the open-concept chef's kitchen, featuring contemporary cabinetry, under-cabinet lighting, stone counters, high-end appliances, and the large island, which is perfect for mingling with guests while entertaining. The 5-star hotel-style primary suite boasts a tray ceiling with a chandelier, perimeter pot lighting, and a walkout to the terrace where you can relax and enjoy the spectacular lake views. Pamper yourself in the luxurious 5-piece ensuite bathroom with heated stone floor tiles, a freestanding soaker tub and a glass shower. A second bedroom offers a private balcony and a lavish 4-piece ensuite bath. Completing this suite is an in-suite laundry room and elegant powder room. Enjoy the convenience of two underground parking spaces, although you'll seldom need your car as everything is within walking distance – from restaurants and cultural events to shopping and waterfront activities. The building's resort-style amenities include a rooftop patio, fitness centre, lounge, spa, indoor pool, and 24-hour concierge service. Your dream life awaits – welcome home! (id:51158)
Homes for sale in Burlington

For sale $679,000

320 Plains Road E, Unit #211

Burlington, Ontario

1 Bedroom 764 sqft

The Impressive Floor To Ceiling And Wall To Wall Windows In This Exquisite Corner Unit Condo, Help To Make It Stand Out Amongst The Rest In This Superior Low Rise Building. Features In This Bright And Open Home Include 9 Ft Ceilings, Welcoming Foyer With Ample Coat And Boot Storage, Wide Plank Hand Scraped Durable Laminate Flooring, Quartz Countertops And Glass Backsplash In The Kitchen, Imported Porcelain Tile In The Bathroom, Ensuite Privileges, High End Roller Blinds Throughout With Black Out Blinds In The Bedroom, Access To The Spacious Balcony From Both The Living Room And Bedroom. Built By Reputable Rosehaven Homes And Completed In 2020. Exceptional Amenities Include A Gym, Yoga Studio, Business Centre, Party Room And Roof Top Terrace With Barbecues, Gardens And Fire Pit, Lots Of Visitor Parking, Bike Storage And Outdoor Dog Walking Area. Walk To Aldershot GO, Shopping, Coffee Shops, LaSalle Parks, RBG And More. Easy Highway Access To The 403, QEW And 407. (id:51158)
Homes for sale in Burlington

For sale $1,699,999

1331 Tyandaga Park Drive

Burlington, Ontario

3 Bedroom 3 Bathroom 1929 sqft

BEAUTIFUL 2-storey family home in the established Tyandaga neighbourhood! This 3 bedrm, 2.5 bathrm home has over 1900 sq ft, in-ground pool and backs onto Tyandaga golf course!The kitchen features honed black granite countertops, stainless steel appliances and linear tiled backsplash, with potlights, a large window overlooking the pool and a peninsula bordering the family room. The decorative faux wood beams and gas fireplace can be seen from the kitchen with convenient and bright glass sliding doors for easy access to the backyard. The second level features 3 bedrooms, each with crown moulding, hardwood floors and updated windows. The primary spa-like ensuite features a white soaker tub, heated floors, large glass shower and a custom white vanity with quartz counter tops. The second level is complete with a second 4-piece bathroom and a large linen closet. The basement has two great flex spaces and adds an additional 1000+ square feet of living space. The exterior of the home is fabulous with the very large PRIVATE backyard having incredible amenities such as a cedar bar and changing room, in-ground pool with updated liner and pump, three lounge spaces on the interlock patio, 2 gas hook ups for barbecues AND a large grass area that all backs onto the Tyandaga golf course. With a 2-car garage and 4-car concrete laneway this home is walking distance to parks and shops and a very short drive to all that Downtown Burlington has to offer, schools and all major highways. (id:51158)
Homes for sale in Burlington

For sale $979,000

1318 Rosemary Crescent

Burlington, Ontario

4 Bedroom 2 Bathroom 947 sqft

Lovely, 3+1 Bedroom, 2 Baths Bungalow in the Desirable Mountainside Neighbourhood. This Updated Home Features an Open Concept Kitchen with Quartz Countertops, Potlights & Stainless Steel Appliances, California Shutters. The Recently Renovated Lower Level with Recreation Room, Bedroom, 3-Piece Bath, Rough in for Kitchen & Side Entry Offers Ideal In-Law Potential. Backyard Oasis with Huge Inground Concrete Salt Water Pool with New Pump & Filter (2024), Heater (Approx. 3 Years), Large Composite Decking for Entertaining, New Motorized Awning, Gas Line for BBQ & Covered Bar Area. Attached Single Car Garage & Double Drive with Parking for 6. Beautifully Manicured Gardens. New Furnace & Central Air. Convenient Location to Amenities, Transit & Easy Highway Access. (id:51158)
Homes for sale in Burlington

For sale $749,900

2120 Headon Road, Unit #23

Burlington, Ontario

2 Bedroom 3 Bathroom 1174 sqft

Welcome to this rare 1+1 bedroom, single-story end unit in the desirable Headon Forest neighbourhood—perfect for down-sizers or those seeking easy, low-maintenance living. This meticulously cared-for end unit home features a bright, spacious main floor that starts with a large eat-in kitchen equipped with a gas stove, ideal for cooking enthusiasts. The open-concept living and dining area offers hardwood floors, a cozy fireplace. Enjoy a morning coffee or BBQ on your deck overlooking the forest. The oversized primary bedroom is a true retreat, boasting a luxurious 5-piece ensuite with both a deep soaker tub and a stand-up shower, providing a spa-like experience at home. Venture downstairs to the finished basement where you’ll find a generous rec-room with walkout access to the backyard, a second large bedroom that’s perfect for guests or older children, and an additional 4-piece full bathroom. There's also a versatile den, ideal for a home office or hobby space. Backed by a forest ravine with scenic walking trails, the home enjoys natural light throughout, creating a warm, inviting atmosphere. features 1 car garage and 1 car driveway with rare owned 3rd parking space for guests. With nearby grocery stores, restaurants, and shops, this property offers the perfect blend of convenience and tranquility. Don't miss the chance to make it your own! (id:51158)
Homes for sale in Burlington

For sale $644,999

665 Francis Road, Unit #2

Burlington, Ontario

3 Bedroom 2 Bathroom 1218 sqft

Incredible opportunity for first time home buyers, renovators, or investors. This 3-bedroom townhouse-condominium features a spacious open concept living, 2 baths and a finished basement. Large kitchen features an abundance of storage and stainless-steel appliances. Patio located off dining space is quiet and private. Just minutes away from downtown Burlington,top rated schools,Mapleview Shopping Center, restaurants, and parks, with easy access to the skyway bridge. (id:51158)
Homes for sale in Burlington

For sale $799,900

5029 Pinedale Avenue, Unit #64

Burlington, Ontario

3 Bedroom 2 Bathroom 1285 sqft

Welcome to this beautiful townhome located in the highly sought-after Pinedale area of Southeast Burlington. This home features a spacious living and dining room with hardwood floors, a beautifully updated kitchen with a walk-out to a private patio overlooking greenspace. There is also convenient access to the garage and a modern two-piece bathroom on the main level. Upstairs, you'll find three generously-sized bedrooms and an updated four-piece main bathroom. The fully finished basement offers a cozy recreation room and a laundry area. This home boasts great curb appeal and is in a premium location, just minutes from Appleby GO Station, highways, transit, parks, schools, trails, shopping, restaurants, and Lake Ontario. The townhouse complex also includes an outdoor pool and a playground area. (id:51158)
Homes for sale in Burlington

For sale $699,000

2070 Brant Street, Unit #3

Burlington, Ontario

3 Bedroom 3 Bathroom 1400 sqft

Welcome home! This lovely, modern, updated 3 bedroom, 3 bathroom townhome in the highly sought-after neighbourhood of Tyandaga Burlington boasts countless features including open concept kitchen with quartz countertops and newer dishwasher (2024), luxury vinyl flooring, newly renovated bathrooms and pot lights throughout. Other notable features include: Fireplace 2016, Furnace/AC 2016, flooring: 2024 main level & 2022 upper level & lower level 2021, copper wiring outlets updated 2016 and new patio and front door in 2022 and 2023! 1 owned underground parking spot with access through lower level of home. Affordable condo amenities include indoor swimming pool, hot tub and sauna! Enjoy living in the perfect locale with easy access to Tyandaga golf course, shopping, highly ranked schools and major highways for commuters. Shows A+++ (id:51158)
Homes for sale in Burlington

For sale $1,498,900

504 Geranium Lane

Burlington, Ontario

4 Bedroom 3 Bathroom 2524 sqft

Nestled in the heart of Aldershot Central, 504 Geranium Lane offers a serene retreat amidst nature's trails. This two-storey residence spans 2,524 square feet, boasting 4 bedrooms and 3 bathrooms, perfectly suited for comfortable family living. As you step into the foyer, be greeted by soaring ceilings, setting the tone for the inviting atmosphere that permeates throughout. The main floor unfolds into an open-concept layout, thoughtfully designed for entertaining and family gatherings. Each room is generously proportioned, allowing for a seamless flow from one space to another. The bright eat-in kitchen serves as the heart of the home, featuring modern appliances and convenient access to the professionally landscaped backyard—a tranquil oasis where you can unwind amidst lush greenery. Descend to the basement, where entertainment awaits. A theatre room beckons with its retractable screen and ample space, perfect for hosting movie nights or cheering on your favorite team during game day parties. Whether you're seeking relaxation or recreation, this versatile space accommodates all your entertainment needs. Beyond its exquisite interior features, 504 Geranium Lane benefits from its prime location. Surrounded by nature trails, parks, and recreational amenities, you'll enjoy a lifestyle that seamlessly blends tranquility with convenience. With easy access to local schools, shopping, and dining destinations, every convenience is within reach. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $649,000

2081 Fairview Street, Unit #1803

Burlington, Ontario

2 Bedroom 737 sqft

Location, location, location!!!Beautiful unit in the master planned community at Paradigm, Commuter’s dream location within easy reach of all major highways QWE and 403, And steps to GO transit without the drawback of hearing or seeing the train. Close to many Grocery stores and Fairview Mall, 20 Minutes away to McMaster University. Enjoy captivating views of the lake, escarpment, and Burlington skyline from your private balcony with its south-east exposure. “Precedent” model luxuriously appointed with swank finishes and tasteful color choices. Chic white kitchen featuring quartz countertops and functional open concept design makes this unit among the most sought after in all of Paradigm. Take note of the stunning contemporary light fixtures throughout, high-end vinyl plank flooring engineered for durability and aesthetics, floor-to-ceiling windows bathing the space in sunlight, and convenient in-suite laundry. Sophisticated living in resort-like condo complex with unparalleled amenities. (id:51158)
Homes for sale in Burlington

For sale $525,000

5230 Dundas Street, Unit #a428

Burlington, Ontario

2 Bedroom 1 Bathroom 574 sqft

Welcome to this super cute one bedroom plus den, 574 square foot condo in Burlington’s popular LINK building. Perfect for first time buyers or down-sizers, this condo has modern European finishes, vinyl plank flooring, a stainless-steel fridge, oven and range and convenient in-suite washer & dryer. Enjoy north views off the covered balcony overlooking the Niagara Escarpment. The LINK building offers all the amenities you could want: concierge, gym, party room, plunge pools, sauna and BBQ’s with sitting areas. The location can’t be beat, as it is just mere steps away from the biking and hiking at Bronte Creek Provincial Park and a short drive to QEW/403/407, Appleby GO station and tons of shopping, grocery and dining options. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $1,449,900

295 Plains Road W

Burlington, Ontario

5 Bedroom 4 Bathroom 1971 sqft

Nestled in the heart of one of Burlington's most sought-after neighborhoods, this exquisite century-old Tudor-style home exudes timeless charm and sophistication. Situated on an impressive 50 x 177-foot principal lot, this architectural masterpiece seamlessly blends historic elegance with modern amenities. Step inside to discover beautifully preserved original details, including intricate woodwork, leaded glass windows, and original floor inlays. The spacious interior boasts grand living and dining areas, a chef's kitchen, and light-filled rooms that open onto meticulously landscaped gardens, offering a private oasis perfect for relaxation and entertaining. A rare opportunity to own a piece of Burlington's rich heritage. The flexible floorplan is very mindful of investors and families alike, very demure. (id:51158)
Homes for sale in Burlington

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