Burlington luxury home Buying

Home buyers in Burlington can expect a luxury home buying process that is a little different from the traditional process in 2023.

Here is a look at what buyers can expect.

In the Burlington real estate market, 2023 is set to bring a wave of changes that home buyers and sellers can experience. It’s no surprise that the past year has seen large shifts in the way buyers purchase homes and this is expected to continue in the future. In 2023, buyers in Burlington can expect a new, luxury home-buying process that differs from the traditional process already in place. In this article, we will look into some of the changes that may come in the next few years and what it means for buyers in Burlington.

Benefits of Living in and buying a home in Burlington

Before we delve into the new home-buying processes, let’s first take some time to understand what makes Burlington such an attractive place to live. This city offers plenty of amenities such as excellent schools, green spaces, local restaurants and cafes, lively pubs, shopping malls, and much more. Additionally, Burlington’s Lakeshore communities feature stunning waterfront scenery with picturesque views of the bay and bluff trails. The city is also home to several open parks and multi-use trails, making it perfect for young families and outdoor enthusiasts.

The Real Estate Market in 2023

Moving on to the real estate market in 2024, experts predict that things will only be getting better. Demand for homes in the Burlington area is expected to remain strong and inventory is expected to remain low. As a result, home prices are likely to continue rising. The average sale price in Burlington for a detached, single-family home was about $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

The Luxury Home Buying Process in 2023

The new luxury home buying process in 2023 will involve increased services and support from local real estate agents. The best real estate agents will be very proactive in their approach by helping buyers find their dream home, negotiating price and staying in close contact with the lender for fast, successful closings. Here are some of the steps buyers can expect to go through in the upcoming process.

Research – When Buying a house in Burlington

The research process is arguably the most important step. This is when buyers should locate an experienced and qualified real estate agent, who can show buyers the best properties in their price range and also provide valuable market information. It’s also important to research lenders and available loan programs, if they haven’t already been pre-approved. Additionally, buyers should also consider their future living costs, start saving for a down payment, and, if necessary, get a mortgage pre-approval prior to the purchase.

Showings

Once buyers are pre-approved, their real estate agent can start to schedule showings for the properties that meet their criteria and match their budget. During the showings, buyers should make sure to take detailed notes and ask strategic questions of their real estate agent to ensure they are making the best decision for their needs.

Evaluation

The evaluation period is when buyers should closely inspect each property and thoroughly assess whether or not it is the ideal home for them. If the evaluation process reveals that it is the ideal home, buyers should THEN consider the following steps carefully:

Preparing an Offer

Now that buyers have identified the ideal home, they can begin preparing an offer. This step involves consulting with the real estate agent to decide whether to start by making a full-price offer or a low-ball offer. Buyers also need to provide a description of their desired closing date along with the earnest money they are willing to put down, which will typically range between 1–10% of the purchase price.

Negotiations and Counter-Offers

Once an offer is made, the seller will either accept it or make a counter-offer. Buyers should be aware that they have the option to counter-offer any proposed counter-offers from the seller. That said, buyers should always consider how much they are willing to pay for the property and be prepared to walk away if a counter-offer is too high for their budget.

Review and Signing

Once negotiations are complete and both buyers and sellers agree on the terms of the contract, the contract documents will be prepared for the buyer’s review and signature (typically done through a digital platform). Usually, buyers will have 24-48 hours to review the documents and discuss their contents with their agent. The agent will also review buyers’ closing costs, which are typically paid at the time of signing. Once both buyers and sellers have signed the documents, they will become binding and the sale will enter into its final phase.

Closing

The final phase prior to ownership is the closing of the sale. During this phase, buyers will be required to pay any closing costs that are due upon signing and submit their deed for recording at the local county clerk’s office. They will also need to arrange for any appropriate home inspections and other due diligence that may be necessary before finalizing the purchase. During this phase, buyers will also be given the opportunity to make a final walkthrough of the property to make sure everything is in order prior to closing.

In 2023, buyers in Burlington can expect to have access to a new, luxury home-buying process that is different from the traditional process. By doing their research, seeking out qualified real estate agents, carefully evaluating potential homes and being strategic when making offers, buyers can ensure that they make the right decision for their needs.

FAQ about Buying a House in Burlington

Q: What are the benefits of living in Burlington?
A: Burlington offers plenty of great amenities, such as excellent schools, green spaces, local restaurants, cafes, pubs, shopping malls, open parks and multi-use trails, and stunning waterfront scenery.

Q: What can home buyers expect from the real estate market in 2023?
A: Home prices are expected to remain strong in the Burlington area and rising. The average sale price for a detached, single-family home in Burlington was $1,079,000 in 2020 and is expected to rise to $1.2 million in 2021.

Q: How will the luxury home-buying process in 2023 differ from the traditional process?
A: Luxury home buyers in 2023 can expect to receive increased services and support from their real estate agents, who will be very proactive in helping buyers find their dream home, negotiating price and staying in close contact with the lender throughout the entire process.

Q: What steps should buyers go through when making an offer on a home?
A: Buyers should start by deciding on their earnest money amount and desired closing date, both of which they should discuss with their real estate agent in advance. Then, buyers should make an offer and may be required to make a counter-offer if the seller proposes one. Finally, buyers should review and sign the contract documents, which will then become legally binding.

Q: Is it important for buyers to do a final walkthrough of the property before closing?
A: Yes, it’s important for buyers to do a final walkthrough of the property before closing to make sure that the condition of the property still meets their expectations. This is the buyers’ last opportunity to address any issues or concerns before the sale is finalized.

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For Sale$1,388,800

2378 Headon Road

Burlington, Ontario

5 Bedrooms2 Bathrooms2728 sqft

Attention car enthusiasts, multi-generational families, and home-based business owners! Welcome to the ultimate property in Burlington’s Headon Forest! This custom-built, beautifully maintained 4-level side-split is designed with both space and versatility in mind—perfect for those with unique needs for work and play. A car lover’s dream, the expansive driveway accommodates up to 10 vehicles with ease, complemented by an oversized, heated 2-car garage, complete with an updated garage door and a 60-amp electrical panel ideal for vehicle maintenance, storage, or a workshop setup. Multi-generational families and those needing in-law space will appreciate the home’s spacious and flexible layout, allowing for privacy and comfort across its four levels. The updated kitchen (2022) features new stainless steel appliances and modern finishes, opening to generous living areas that are perfect for hosting, relaxing, or large family gatherings. For home-based business owners, landscapers, and hobbyists, this property is a rare find. The garage’s upgraded power supply and 30-amp panel in the shed provide excellent support for power tools, equipment, and other operational needs. Additional updates include soffits, eavestroughs, shingles, and attic insulation (all completed in 2017). Enjoy the beautifully landscaped grounds with ample outdoor space, perfect for those needing extra storage or room for work vehicles, tools, or projects. Situated near top-rated schools, scenic parks, and everyday conveniences, this property blends practicality with luxury in an unbeatable location. Don’t miss your chance to own this Headon Forest gem, tailored for those who need both space and specialized functionality! (id:51158)

For Sale$439,000

10 Oak - 4449 Milburough Line

Burlington, Ontario

2 Bedrooms1 Bathrooms

This beautifully appointed home has everything you need to enjoy year around living. There is a full length deck for enjoying your morning coffee or cozy fireplace on cooler evenings. The view is spacious with long views of the lawn and forest. This home offers tons of natural light from the thermal transom windows and 2 sets of patio doors leading to your deck and yard. The primary bedroom and office along with a larger eat in kitchen and living room make this house country living at its best! Are you ready to smartsize and not give up your outdoor space and gardens? If so, this is your chance. **** EXTRAS **** Situated on a spacious corner lot including side by side parking and full sized garden to admire. Your exterior is maintenance free with siding and a fabulous metal roof. (id:51158)

For Sale$824,900

5201 Banting Court

Burlington, Ontario

3 Bedrooms3 Bathrooms1919 sqft

Step into this beautifully renovated townhouse located in the desirable Elizabeth Gardens community, a peaceful haven ideal for those who value tranquility and accessibility. With a generous 1250 sqft of living space, this home has been expertly updated to reflect the highest standards of modern living. As you enter, you'll find a spacious main floor featuring an open-concept living and dining area that flows effortlessly into a stunning kitchen. This kitchen is a true chef's paradise, showcasing a bright white finish, a handy center breakfast bar, and brand-new appliances. The main floor also includes a convenient 2-piece bathroom and direct access to the garage. Head upstairs to find three well-sized bedrooms, each serving as a serene retreat filled with natural light and featuring easy-to-maintain flooring. The fully finished basement provides additional living space, ideal for a family room, home office, or entertainment zone. Outside, a sliding glass door opens to a private, fenced patio, creating a charming area for relaxation or outdoor dining. The property includes two parking spaces, featuring a single-car garage and an extra exterior spot. The location is exceptional, just a short stroll from the stunning Lake Ontario shoreline, schools, parks, and local amenities. Commuters will enjoy the convenient access to major highways and public transport options. Every detail of this townhome exudes modern sophistication, from the smooth ceilings enhanced with pot lights to the fresh paint throughout. Updated bathrooms and new flooring contribute to the upscale ambiance of this move-in-ready residence. It’s the ideal choice for those looking for a stylish, low-maintenance lifestyle without sacrificing comfort or convenience. (id:51158)

For Sale$5,499,999

2284 Side 1 Road

Burlington, Ontario

2 Bedrooms3 Bathrooms6350 sqft

Incredible one year old modern home, 4650 sq ft of above grade living space, with 1700 sq ft finished walk up basement. Enjoy the beautiful views of Escarpment and Lake Ontario, backing on to the Bruce trail and farm land. Five bedrooms all with ensuits, a Nanny suite with separate entrance. Three extra powder rooms (total 8 bathrooms) for convenience. Take in beautiful sunrises from the east and watch breathtaking sunsets in the west from this one acre lot. This home has been designed with ease of living, allowing 22 parking spots on this one acre lot. The backyard has plenty of space to design your own oasis. Convenient country living on Burlington's prestigious #1 sideroad, only minutes away from all amenities. (id:51158)

For Sale$1,088,000

5250 Lakeshore Road Unit# 1504

Burlington, Ontario

3 Bedrooms2 Bathrooms1685 sqft

This remarkable property offers a rare opportunity to own the largest unit in the building, exquisitely renovated and ready for you to move in and enjoy. This turnkey home features unparalleled views of the lake from every room. This spacious 1685 sq ft unit includes three full bedrooms with extra-large closets, and two luxurious bathrooms. Step onto the private balcony, perfect for entertaining guests or unwinding in tranquility. Every aspect of this home has been meticulously upgraded in the last five years, ensuring modern comfort, convenience and style. Upgrades include electrical and plumbing systems and the addition of an in-suite ductless air conditioning system as well as in-suite laundry, both unique features for condos in this building. The kitchen is a chef's delight with loads of cupboards, double ovens, a cooktop, and a cafe fridge with a built-in coffee maker. The addition of the third bedroom provides an option to work from home. Residents of Admiral's Walk enjoy access to amenities such as an outdoor pool, BBQ areas, an exercise room, a games room, a party room, a workshop, saunas and more! The recently updated common areas enhance the building's overall appeal. This exclusive offering epitomizes lakeside living at its finest so don't let this opportunity slip away. (id:51158)

For Sale$875,000

2880 Headon Forest Drive Unit# 19

Burlington, Ontario

3 Bedrooms4 Bathrooms1522 sqft

Discover your new beginning at Headon Forest! This spacious, updated home offers over 1,500 sq/ft of bright and modern living space, complete with 3 bed, 4 bath, and a finished basement. Nestled in one of Burlington?s most sought-after neighborhoods, this unit is move-in ready and perfect for young families or professional couples looking to settle down in style. Inside, enjoy ample room, privacy, and all the essentials right at your fingertips. This home is ideally located with convenient highway access and is close to parks, golf courses, top-rated schools, and the hospital. Plus, it's a short drive to a variety of amenities for shopping, dining, and leisure. Recent updates: furnace (2018), A/C (2014), windows (2015), front and sliding back door (2023) roof (2018), renovated ensuite and basement baths (2022), and new attic insulation (2018). All the big-ticket items have been handled, so you can simply move in and enjoy (id:51158)

For Sale$599,000

975 Warwick Court Unit# 1107

Burlington, Ontario

3 Bedrooms2 Bathrooms1110 sqft

This spacious open-concept condo in Aldershot offers 3 bedrooms and 1.5 bathrooms in a prime location close to the highway and GO station. The unit features a modern kitchen with a convenient walk-in pantry, providing ample storage space. The primary bedroom includes a walk-in closet and a 2-piece bathroom. You’ll also enjoy a generously-sized balcony. Situated near all essential amenities, the building offers fantastic extras, including an indoor inground pool, gym, sauna, party room, and ample visitor parking. (id:51158)

For Sale$1,249,900

330 Tuck Drive

Burlington, Ontario

4 Bedrooms2 Bathrooms1182 sqft

This charming 3+1 bedroom, 1+1 bathroom detached home in the coveted Shoreacres neighbourhood offers a rare opportunity to renovate and customize to your personal style. With plenty of space, this property is ready for a new owner to put their creative stamp on it, making it the perfect canvas for your dream home. (id:51158)

For SaleOPEN HOUSE$1,199,000

4241 Sarazen Drive Unit# 30

Burlington, Ontario

2 Bedrooms3 Bathrooms2330.4 sqft

Welcome home! This inviting freehold raised bungalow townhome is perfectly positioned with views overlooking the 11th tee of Millcroft Golf Course. Offering 2,300 square feet of above-grade living space, it provides convenient main-level living, featuring a spacious primary bedroom on the main floor and a second bedroom on the ground-level lower floor. The home exudes vibrant energy, with tall ceilings, an expansive open living area, and large windows that capture serene views of nature and the golf course beyond. This design creates a lively, welcoming atmosphere, perfect for both relaxation and entertaining, bringing the outdoors in and filling each room with natural light and scenic beauty. Located within an exclusive community of only 47 units, this home has been lovingly cared for by its original owner, reflecting years of pride and dedication. Ideal for independent seniors, retirees, or downsizers seeking a peaceful and fulfilling lifestyle, it offers the perfect blend of tranquillity and vitality, set against lush greenery and golf course charm. Embrace the next chapter in a residence that provides both a private sanctuary and a warm, welcoming community. (id:51158)

For Sale$2,188,000

769 Old York Road

Burlington, Ontario

4 Bedrooms3 Bathrooms2730 sqft

Experience refined rustic living in this stunning, one-of-a-kind preserved stone bungalow, truly a must see to appreciate its warmth & character, sitting on 2 green acres of level, mature treed privacy Over 2700 sqft of main floor living, this 4-bd/3-bth rare gem showcases a central kitchen w large island, ss appl, wall oven, ample storage & large walk out to stone patio Boasting timeless wood floors, exposed stone walls, you’ll appreciate sunsets in the vaulted great room w warm wood trim, gas fp and wrap around view. At this end of the home find 2 spacious bdrms, exceptional new 4 pc bth, newer main flr laundry w built-in storage & deep steel sink Original living room features historic stone fp creating a warm, inviting home office or reading room Private, cozy primary bdrm w southern exp, walk-in closet, ensuite w dual sinks & custom shower with a view Finished basement offers additional large bedroom w sitting area & its own new 3 pc bath Step outside to private fenced backyard retreat, 20x40 inground pool, stamped concrete sun deck, hot tub, perennial gardens & lush fish pond The larger back yard suggests you invite the gang over to enjoy a fabulous stone campfire area, lit volleyball net, inground trampoline, 50amp workshop w added parking, steps to Bruce Trail. Dual zoned, this property even offers hobby farm potential This Country in the City homestead is conveniently located w quick access to 403, Hwy 6N, Ald GO Stn & all amenities Don’t miss this rare opportunity! (id:51158)

For Sale$2,975,000

4195 Spruce Avenue

Burlington, Ontario

4 Bedrooms4 Bathrooms3160 sqft

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

For Sale$1,399,999

2079 Hunters Wood Drive

Burlington, Ontario

4 Bedrooms4 Bathrooms2201 sqft

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