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$997,000

2204 Shadetree Avenue

Burlington, Ontario

3 Bedrooms3 Bathrooms1300 sqft

RENOVATED & MOVE IN READY! Nestled in a family friendly Neighbourhood, The Orchard”, one of Burlington's most desired communities this property blends convenience with style and is ideally located in a top-tier school district. The inviting covered front porch welcomes you to this beautiful home, with its incredible layout and updates throughout. The open concept main floor includes a large foyer, walkin coat closet, huge & bright living room, dining area with convenient accessibility to the back yard, a new gourmet kitchen equipped with 4 top-end appliances, granite counters, backsplash, modern cabinetry and a breakfast bar to complete the look. Continue upstairs, to find sun drenched space with cathedral ceiling, spacious landing connecting you to the 3 bedrooms including an oversized master bedroom that impresses with its walk in closet and updated full ensuite with incredible walking shower. The other 2 bedrooms boast large closets, big windows sharing the 4 piece family bathroom. The finished basement adds versatility to the home offering additional living space including a huge family room with gas fireplace, a private space for a home office plus tons of storage space. Large deck with side patio in a fully fenced yard great for entertaining. The bright, clean interior shows like a model home. Move-in ready and waiting to welcome its new owners. Private unshared driveway that fits 2 cars, plus a single car garage. Offer presentation January 27th, 7:00 PM. Include schedule B. Room size approximate provided by MPAC. (id:51158)

For Sale$579,999

320 Plains Road E Unit# 517

Burlington, Ontario

2 Bedrooms1 Bathrooms692 sqft

Welcome to the sought-after Rosehaven Affinity Condominiums, located in the family-friendly neighbourhood of Aldershot. Offering 692 square feet of stylish, modern living space, this unit is perfectly positioned close to restaurants, Mapleview Mall, parks, golf courses, schools, and easy access to highways and the GO station. Inside, the suite is completely carpet-free, featuring luxurious tile flooring throughout. The open-concept kitchen is a highlight, with a large quartz island, ample cupboard storage, and a design that’s perfect for both everyday meals and hosting family dinners. The spacious living room flows out to a walkout balcony, offering picturesque Northwest views for a serene outdoor escape. Additional features include in-suite laundry, storage locker conveniently located on the same floor, and an underground parking spot, along with plenty of visitor parking in the outdoor lot. The building also offers fantastic amenities: a party/meeting room with a kitchenette and billiards, a yoga studio, a fully-equipped gym, bike storage room, and a furnished rooftop terrace with stunning lake views, two BBQs, and a fireplace—ideal for relaxing or entertaining. This condo blends convenience, modern living, and community-focused amenities, making it an excellent choice for those looking to enjoy all that Burlington has to offer. (id:51158)

For Sale$1,379,999

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)

For Sale$3,499,900

1354 1 Side Road

Burlington, Ontario

6 Bedrooms5 Bathrooms7563 sqft

Discover the epitome of luxury living with over 7500 sq ft of finished living in this stunning country property, just minutes from city amenities situated across from the exclusive Hidden Lake Golf Course. This expansive home features four generously sized bedrooms on the second floor, complemented by two well appointed shared bathrooms. The main floor boasts a serene primary suite with an ensuite bath and walk-in closet, while the heart of the home is a chef’s dream: an expansive kitchen outfitted with granite countertops, a convenient pot filler, a gas cooktop, built-in oven, and two dishwashers. The east wing offers a thoughtfully designed two-piece bath, a laundry room with a pet wash station, and a self-contained suite complete with a spacious bedroom, massive bathroom, kitchen with quartz island, and cozy family room with a fireplace. The fully finished basement adds even more appeal, featuring an exercise room, a four-piece bath, a wine room, a wet bar, a recreation room with a pool table, and a golf simulator area, perfect for entertainment and relaxation. Step outside to the huge covered composite deck featuring a fireplace, ideal for gatherings or tranquil evenings, all set on 0.69 acres with an ideal space for an inground pool. Park all of your cars in the 2 attached garages (double and 2.5 car). Experience the perfect blend of tranquility and modern luxury in this exceptional home. (id:51158)

For Sale$939,900

664 Chestnut Place

Burlington, Ontario

4 Bedrooms2 Bathrooms1155 sqft

3 + 1 bedroom, 4-level back split on wonderful pie-shaped lot and backing onto Tuck Creek. The home needs repairs (handy person special). Sold 'as is where is'. All room sizes approx. (id:51158)

For SaleOPEN HOUSE$499,900

4025 Kilmer Drive Unit# 105

Burlington, Ontario

2 Bedrooms1 Bathrooms866 sqft

Fabulous main floor 1 bedroom plus den condo with open concept floor plan. Large living room/dining room open to kitchen with stunning quartz counters and backsplash, large breakfast bar and walk-out to outdoor patio. Spacious primary bedroom with double closet, updated bathroom with convenient in-suite laundry and den with plenty of storage. Carpet free and freshly painted in neutral colour palette. This unit has one underground parking spot and locker. There is also lots of visitor parking. This is a well maintained building and this unit is available for immediate occupancy. (id:51158)

For Sale$1,210,000

2025 Maria Street Unit# 1508

Burlington, Ontario

2 Bedrooms2 Bathrooms1153 sqft

Luxurious living at the boutique Berkeley Condominium where turnkey elegance meets a vibrant urban lifestyle! This meticulously curated 2-bed, 2-bath “Monterey” model is a prime corner unit, offering breathtaking northwestern views & abundant natural light through stunning floor-to-ceiling glass windows. Enjoy exceptional amenities, including 24-hour concierge service, stylish guest suites, and a fully equipped gym. The party and billiards room provide a perfect backdrop for gatherings, while the rooftop terrace with BBQs is ideal for entertaining. Step into your inviting foyer, featuring 9-foot ceilings and neutral decor that creates a warm ambiance. The stunning Barzotti kitchen is a chef’s dream, offering an 8.5-foot extended island with a bfast/bar, sleek quartz, GE Signature Series SS appliances, and mood-enhancing undermount lighting. The spacious living/dining area showcases engineered wide plank hardwoods and upgraded lighting, with motorized blinds for added privacy and style. The primary bedroom offers tranquil west-facing views, a generous walk-in closet, and a luxurious ensuite bathroom. The second bedroom accommodates a queen bed and features its own walk-in closet. Every inch has been thoughtfully planned with thousands spent in Cali closets! Enjoy summer on your expansive terrace, perfect for al fresco dining. This hotel-inspired condo with side-by-side 2-CAR parking on P1, is conveniently located outside the elevators. Embrace the luxury lakeside lifestyle! (id:51158)

For Sale$2,199,900

3898 Tufgar Crescent

Burlington, Ontario

7 Bedrooms6 Bathrooms4052 sqft

Upgraded Alton West family home. 4,052 SF of total finished living space, thoughtfully designed for large families. Outside find concrete walkways & double garage with insulated doors, EV charger & hot water. The light-filled foyer boasts coffered ceilings, crown moulding, Italian tile flooring, and hardwood floors throughout the main level with 8' doors. The spacious dining and living rooms showcase a gas fireplace with separate thermostat & upgraded blower, a custom mantel, feature wall, pot lights, and crown moulding. The high end kitchen with 9' cupboards, SS appliances with wifi connectivity, rare quartz counters, pot filler, USB ports, pantry & separate spice kitchen with induction stove & dedicated hood fan. Double sliding doors lead to the backyard with concrete patio & BBQ gas line. The upper level offers a primary suite with a walk-in closet and luxurious 5-piece ensuite, plus 4 additional bedrooms, each with ensuite privileges. A loft area includes a bonus bedroom, 3-piece bath, and sitting room. The fully finished basement features a legal, permitted suite with separate entry, 2 bedrooms, eat-in kitchen, 3-piece bath, laundry, and income potential of $2,200-2,400/month. Additional upgrades include a 200 AMP electrical panel, whole-house water filtration, Nest thermostat, central vac, smart home tech, and surveillance system. This home is move-in ready with endless modern conveniences! See supplement for more upgrades. (id:51158)

For Sale$3,298,000

2409 Lakeshore Road

Burlington, Ontario

6 Bedrooms6 Bathrooms5252 sqft

A pleasant 1km stroll from this brand-new custom built home takes you to Burlington Pier and the lively waterfront with its bustling restaurants, festivals and scenic lakefront promenade. Hidden away up a secluded 100ft tree-lined driveway, this modern, urban chic 5+1 bedroom 3 storey detached residence is flooded with natural light from oversized windows. With 5,250 sq ft of thoughtfully designed living space, this home boasts a practical open-concept layout crafted with premium materials, superior finishes, and unique, subtle details throughout. It is truly one-of-a-kind and could be exactly what you've been searching for. Come see us! Extra 2 Pc Bathroom in the lower Level. (id:51158)

For Sale$959,900

2007 James Street Unit# 707

Burlington, Ontario

2 Bedrooms2 Bathrooms1100 sqft

Welcome to this stunning newly constructed condo, a serene oasis that seamlessly combines modern luxury with the convenience of downtown living. Perfectly placed in the heart of downtown Burlington, this 2-bedroom, 2-bathroom condo offers an unparalleled lifestyle experience. As you enter the condo, you are greeted by an open-concept living space that seamlessly connects the living room, dining area, and kitchen. Large windows line the exterior walls (corner unit) allowing natural light to flood the space, while the sprawling private balcony offers partial views of the lake and a front row seat to breathe taking sunsets. The gourmet kitchen is a chef's delight, equipped with high-end stainless steel appliances, modern countertops, ample cabinet space and a large centre island perfect for entertaining. The large primary bedroom boasts a 4pc ensuite and a large walk-in closet and the second bedroom is equally well-appointed, providing a comfortable space for guests or family members. Residents of this condo also have access to an indoor lap pool, yoga and wellness studio, roof top lounge & BBQ area, party room, games room, fitness centre, guest suites, pet wash station, 24 hour security and more! Walking distance to all amenities, the waterfront, local trails and popular shops & restaurants. Book your private showing today! (id:51158)

For Sale$649,000

2075 Amherst Heights Drive Unit# 402

Burlington, Ontario

1 Bedrooms2 Bathrooms1215 sqft

Welcome home to carefree living in this gorgeous condo with spacious balcony and lake views. Clean and classy, spacious and bright, with easy access to 407,403 and QEW for commuters. This is a 2-bedroom sized condo, 1,215 sq. ft. converted into a large one bedroom suite. Primary bedroom is 20 feet long, has a walk in closet and views of the lake. Electric controlled blinds. Renovated main bathroom has a luxurious glassed in shower with multi jet heads, porcelain tiles, and granite top undermount sink and high toilet. The second renovated bathroom is a 2 piece, recently painted with black sink and porcelain tiles. This amazing suite has 9 ft. ceilings, carpet free and in-suite laundry. Located at the end of the hallway, it is quiet. This large eat-in kitchen has high end granite top, double undermount sink, designer colors, stainless steel appliances and a glass backsplash. The blinds are all electric controlled. The underground parking is heated, includes 2 tandem parking spots 50 & 51 and adjacent locker 18. The building amenities security entry a party room with scheduled events, library, fitness center, patio with barbeque area, workshop, car wash, and visitor parking. Condo fee includes, FIBE cable TV, internet, heat, A/C and water, hot and cold. You just need to pay for electric and phone. This home has been lovingly cared for. Condo is being sold with all the furniture, a great advantage for the empty nester. (id:51158)

For SaleOPEN HOUSE$1,000,000

665 Drury Lane

Burlington, Ontario

4 Bedrooms2 Bathrooms2140 sqft

This is an incredible opportunity to own a charming, all-brick detached bungalow with a fully equipped in-law suite! The main level welcomes you with a foyer and closet, leading into an open-concept dining and living area with crown moulding and a large picture window that fills the space with natural light. The eat-in kitchen boasts two windows and a floor-to-ceiling pantry, offering ample storage. The main floor also includes three good-sized bedrooms, a refreshed 4-piece bathroom, and a linen closet in the hallway for added storage. A separate side entrance from the carport leads to the fully equipped lower-level in-law suite, complete with a spacious bedroom with “His/Her” closets, a bright living area with pot lights combined with a sleek modern kitchen with Quartz countertops, an undermount sink, and a stylish subway tile backsplash. Also, a large 3-piece bathroom with shower, and a laundry room (shared). This home has been freshly painted in a neutral tone, is carpet-free, and showcases beautiful hardwood floors throughout much of the main level. Updated exterior doors and several windows add to the home's appeal. Outside, the carport and driveway provide parking for up to four vehicles, and the fenced backyard offers plenty of space for children or pets to play, shaded by mature trees, with a storage shed for your outdoor needs. Located in a prime South Burlington area, this home is within walking distance to the YMCA, Central Park, community amenities like sports fields, a playground, a public library, and more! You'll also enjoy proximity to Downtown Burlington's boutique shopping, fine dining, and waterfront activities, with easy access to public transit and major highways. Don’t miss your chance to make this home yours! (id:51158)