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$1,149,000

1098 Stephenson Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms1473.98 sqft

Fantastic 2 storey family home in a great neighborhood ! 3 generously sized bedrooms with updated flooring, windows, roof, bathrooms, and more. Cozy Main floor family room features a cathedral ceiling & gas fireplace (as -is). Separate living & dining rooms with lovely hardwood. Primary bedroom boasts a walk in closet and ensuite privileges to updated main bath with granite counter and soaker tub. In the Finished basement you'll love the large rec room with additional 2 piece bath. Walk to the lake, schools, parks and shopping! Brand new flooring in foyer and kitchen. Roof done in 2023 (id:51158)

For SaleOPEN HOUSE$1,998,000

676 Bayshore Boulevard

Burlington, Ontario

5 Bedrooms4 Bathrooms2462 sqft

Nestled at the end of a tranquil cul-de-sac in the coveted Aldershot area of Burlington, this meticulously renovated (2019) gem offers an idyllic lifestyle for both young families and downsizers alike. Step inside to a sun-drenched, open-concept main floor, seamlessly blending a spacious kitchen with center island, living room, and a formal dining area —all showcasing stunning bay views. Floor-to-ceiling windows flood the space with natural light and showcase the amazing backdrop of Burlington Bay and greenspace. A convenient main floor bedroom, laundry room, versatile office space and a modern 3-piece bath complete this level. The home features three bedrooms upstairs; the primary suite is a serene retreat with a spa-like ensuite, featuring a luxurious soaker tub and skylights. Perfect for multi-generational living, the lower level includes a secondary kitchen, a cozy living area, a 3-pc bath, and fifth bedroom—ideal for in-laws or a nanny suite. The walk-up to a professionally landscaped backyard is an entertainer’s dream, complete with a covered upper-level porch and a spacious dining area adjacent to the kitchen. Dive into the sparkling in-ground concrete pool or simply unwind with family and friends around the fire pit on the lower level. As a bonus, this property includes a 1/75th ownership share in Brighton Beach, a serene 5.5-acre conservation area featuring picturesque trails and direct beach access. Imagine walking from your home straight to the water with a paddleboard or kayak! You are just moments from a multitude of amenities including shopping, schools, highways, Aldershot GO Station, the Royal Botanical Gardens and top-notch golf courses. Don’t miss the opportunity to own this exceptional property that perfectly blends nature & tranquility in a modern city retreat. (id:51158)

For Sale$899,900

591 Taylor Crescent

Burlington, Ontario

3 Bedrooms2 Bathrooms1630 sqft

Welcome to this 591 Taylor Crescent! This spacious freehold townhome is located in a prime location, close to scenic trails, parks, the Appleby GO station, top-rated schools, shopping, dining and much more. The backyard has plenty of space with natural gas ready for BBQ. New stove 2024. Washer and Dryer 2023. Roof 2022 This home is ready to for its next family! (id:51158)

For SaleOPEN HOUSE$1,149,900

5500 Romanwood Crescent

Burlington, Ontario

3 Bedrooms2 Bathrooms1200 sqft

Wonderful updated 3 bedroom, 2 full bath home on a quiet, family friendly street in Elizabeth Gardens. Updated throughout including kitchen, lower level recreation room and playroom, bathrooms (including addition of 2nd bathroom in lower level, flooring, air conditioner (2024). Side door to patio and rear yard installed. Single car garage with extended double drive. Spectacular sheltered and private back and side yard includes hot tub, entertainment area covered by gazebo, fire pit area, shed for additional storage. Gas line for BBQ and fire pit. Perfect for family and friends to gather throughout the year. Long closing preferred (March 2025) (id:51158)

For Sale$979,000

5383 Clive Crescent

Burlington, Ontario

3 Bedrooms2 Bathrooms1601 sqft

Opportunity knocks! Fantastic location on a quiet street in south Burlington, this original owner property is looking for someone to breathe new life into it. Super neighbourhood, walking distance to Burloak Waterfront park, Lakeside Shopping Village, Parks and Elementary schools. Many nearby properties refurbished, added to or rebuilt. Garage converted to living space, but could be reverted back. Property is being sold “as-is, where-is” with no representations or warranties. (id:51158)

For Sale$634,900

2087 Fairview Street W Unit# 1805

Burlington, Ontario

2 Bedrooms2 Bathrooms725 sqft

Welcome to this beautiful 18th floor West facing luxury condo with an extended 20+ ft balcony. This award winning Paradigm building spares no expense, featuring 2 spacious bedrooms, an ensuite bathroom, walk-in closet, and 4 pc bath. Loads of natural light, breathtaking views of the lake and escarpment, this condo is a modern gem. Packed with amenities Live Work Play, 24th floor features 3rd party room, office workspace, pool, dry sauna, gym, basketball court, 2 large entertainment equipped with full kitchen for entertaining, large media room. BBQs & large open terrace for entertaining your family and friends. Underground parking and locker, convenience is at your finger tip, plus situated next to Brant GoTrain, commuting is effortless, excellent walking score transportation & bonus walking distance to downtown Burlington loads of shopping and amenities. (id:51158)

For SaleOPEN HOUSE$1,449,900

2159 Belgrave Court

Burlington, Ontario

4 Bedrooms4 Bathrooms2595 sqft

Unparalleled living experience in rarely offered Tyandaga Highlands, Burlington's best kept secret. Nestled in Burlington's prestigious neighbourhood & steps to hours of hiking on escarpment trails. This 4+1 bed, 3.5 bath home offers over 3900 sf of finished living space and is located on a quiet court, providing privacy & tranquility on a spacious lot. A welcoming foyer leads to a beautifully designed main floor. Unwind in the cozy family room w/ a gas fireplace, or host elegant dinners in the living & dining rooms with French doors. The kitchen features s/s appliances, granite countertops, and a generous dining area that flows seamlessly onto the deck, perfect for outdoor enjoyment. The primary bed is a private retreat with a walk-in closet and a luxurious 4pc bath. Three additional bedrooms offer comfort for family or guests. The fully finished basement provides versatile space for an office rec room, along with ample storage. This home combines elegance and functionality, making it a true gem. (id:51158)

For Sale$899,900

4823 Thomas Alton Boulevard Unit# 60

Burlington, Ontario

4 Bedrooms3 Bathrooms2111 sqft

Welcome to this rare 4 bedroom, 2.5 bathroom, 4-level townhouse in a family-friendly neighborhood, facing a serene inner playground courtyard with ample visitor parking. Enjoy peace and quiet away from main roads while being centrally located, just a minute from the 407. Walking distance to shopping, parks, and minutes to schools and other amenities. Enter on the second level with California shutters throughout to a spacious family room and eat-in kitchen with a newer (2022) Stainless Steel gas range and dishwasher. Step out onto the large terrace balcony for your morning coffee or evening drink. The third level features the primary bedroom with a 4pc ensuite and walk-in closet, a 4pc main bath, and two additional bedrooms. The main floor includes a bedroom, a laundry room with a newer (2024) washer and dryer, and access to the rare full double garage with 2 driveway spots, totaling 4 parking spaces. The lower level offers a rare opportunity to expand your living space, with plenty of storage, an on-demand water heater, and a sump pump. Also with a central vacuum system. Don't miss this unique gem! (id:51158)

For Sale$899,990

1513 Upper Middle Road Unit# 3

Burlington, Ontario

3 Bedrooms4 Bathrooms1500 sqft

:Welcome to your dream townhouse in the charming village of Nelson Heights. This beautifully updated two-story townhouse features three spacious bedrooms and four modern bathrooms, providing plenty of space and privacy for your family. The end unit layout ensures a quiet serene atmosphere making it a perfect retreat from the hustle and bustle Enjoy the convenience of two car parking as well as access to community amenities like a sparkling pool and tennis court ideally located just 20 minutes from major highways IKEA Costco Mapleview Center, Burlington centre and surrounded by numerous schools and parks. This home offers the best of both comfort and convenience with stunning renovation throughout this townhome is a move-in ready and waiting for you to make it your own . (id:51158)

For Sale$1,059,000

4269 Murvel Avenue

Burlington, Ontario

3 Bedrooms3 Bathrooms1756 sqft

Step into your next chapter at 4269 Murvel Avenue, where modern comfort meets family-friendly living in the heart of Alton Village. As you arrive, this elegant semi-detached home beckons with its inviting presence on a peaceful street, promising the perfect blend of style and functionality. From the moment you enter through the garage into the spacious foyer, you'll appreciate the thoughtful design that makes everyday living a breeze. The main floor greets you with convenience at every turn – a handy 2-piece bathroom and separate laundry room ensure that practical needs are beautifully addressed without compromising style. The heart of this home unfolds in its stunning open-concept great room and kitchen, where family moments naturally flow from cooking to dining to relaxation. Picture yourself stepping through the patio doors to your private outdoor oasis, where carefully planned landscaping creates the perfect backdrop for summer barbecues and peaceful morning coffees. Upstairs, a unique floor plan reveals delightful surprises. The versatile loft space serves as an inviting family hub – whether it's movie night, gaming sessions, or simply a quiet place to unwind. Three generously sized bedrooms provide personal retreats for every family member, while the primary suite stands as a true sanctuary with its private walk-in closet and luxurious 4-piece ensuite bathroom. Location is everything, and this home delivers perfectly. Families will appreciate the five-minute walk to both Alton Village Public School and Hayden Secondary School. The community centre, library, and Farm Boy are all within easy walking distance, making daily errands a pleasure. For commuters, Highway 407 is just a four-minute drive away, while the surrounding community offers the friendly, welcoming atmosphere that makes coming home special. This isn't just a house – it's a foundation for your family's future, thoughtfully positioned in one of Burlington's most sought-after neighborhoods. (id:51158)

For Sale$1,749,900

5394 Bird Cage Walk

Burlington, Ontario

5 Bedrooms2 Bathrooms2575 sqft

Unique and spectacular mid-century modern, 3+2 bedroom, 2 bath, custom rebuild on enormous pie shaped lot in South-east Burlington. Dramatic open concept great room with soaring ceilings, stunning stone fireplace, custom windows and beams. Dream kitchen with creamy white upper cabinetry and charcoal lowers, oversized island, quality appliances and white quartz. The spacious dining room has patio door access to new large deck and yard. Upstairs you’ll find a large spa-like bathroom and 3 bedrooms with double closets. The first level has a large room with walk-out and full bathroom. Downstairs you’ll find a fam room, two large bedrooms with huge windows and large closets, plus laundry. This oversized lot with wide driveway can be customized with a pool and large games area, large garage with loft and accessory in-law suite (with city approval) or whatever else suits your needs and imagination. This is the one you've been dreaming of! (id:51158)

For Sale$544,900

700 Dynes Road Unit# 109

Burlington, Ontario

3 Bedrooms2 Bathrooms1550 sqft

Welcome to The Empress!! This charming and rare 3-bedroom, 1.5-bathroom apartment-style condo is nestled in the desirable Dynes neighborhood of Burlington. Step inside the stunning 1550' to discover a freshly painted interior, creating a bright and inviting atmosphere throughout. Cheery kitchen opens up to bright eating area which flows to an open concept entertaining and dining area. Includes one owned underground parking spot with easy access into the building. The Empress offers exceptional amenities, including an outdoor saltwater pool, BBQ and patio area, newly upgraded exercise and party rooms, as well as a sauna. Additional conveniences include bike racks, a car wash area, and 24-hour concierge/security service. Ample visitor parking. This condo provides both comfort and practicality. Located walking distance to Burlington Centre, Home Sense, Canadian Tire, Shoppers Drug Mart, Denninger's, banks, the new Farm Boy and many restaurants. Ample visitor parking. Don’t miss the opportunity to make this fantastic property your new home! (id:51158)