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 SaleOPEN HOUSE$849,900

682 Summers Common

Burlington, Ontario

2 Bedrooms2 Bathrooms1340 sqft

Welcome to this freehold town home situated in a desired neighbourhood bordering Oakville. Steps to Appleby GO. Walk to schools, parks, shopping, restaurants, sports recreation and community centre. Minutes to 403/QEW, downtown Burlington the Lake and more. Location! Location! Move right in to this well cared for home featuring an open concept living/dining room. Upper floor features two oversized bedrooms, Laundry and 4 PCE Bath. Finished walkout basement with sliding patio doors to private fenced yard, powder room and inside access to garage. Close proximity to all that Burlington has to offer. (id:51158)

For SaleOPEN HOUSE$1,399,000

1150 Skyview Drive Unit# 52

Burlington, Ontario

3 Bedrooms4 Bathrooms2150 sqft

Welcome to Tyandaga Oaks! This detached home has been meticulously maintained with many updates throughout. Boasting 3800+ square feet of finished living space, you will not be disappointed. From the most dreamy living room, to a ginormous basement - this is the home for you! The open concept main floor includes separate living and dining rooms, half bath for your guests, main floor laundry and a family room that opens to a nicely updated kitchen. The kitchen features stainless steel appliances, quartz countertops and tons of cabinetry. The sliding door leads from the eat-in area to a lovely green yard, and raised deck. The second floor is presented by a gorgeous wood staircase, and includes 3 spacious bedrooms and 4-piece main bathroom. The generously sized primary suite has enough space for a king bed, walk-in closet and can even fit a seating area if you wish. The giant soaker tub is perfectly placed in the ensuite bath with new tile and vanity. The finished basement has a ton of storage, an extra 3-piece bath and so much space for a rec room, games room, office, etc. Many updates have been made throughout the home including new hardwood flooring, stainless steel appliances, bathroom vanities and tile, garage door, and back deck. There is ample parking - enough to fit 6 cars total, with easy access to all amenities and the QEW/403. This is one you do not want to miss - LETS GET MOVING! (id:51158)

For Sale$599,900

2050 Upper Middle Road Unit# 170

Burlington, Ontario

3 Bedrooms2 Bathrooms1269 sqft

Here’s your chance to own a 3-bedroom townhome in the popular Brant Hills neighbourhood. This charming home features an updated eat-in kitchen with all stainless steel appliances, ample storage, and quartz countertops. Bright living room boasts a walkout to your private backyard, backing onto a serene ravine for added enjoyment. Completing the main level is a convenient 2-piece washroom. Upstairs, you'll find three bedrooms including a large primary suite with plenty of closet space and a 4-piece jack and jill bathroom. Spacious partially finished lower level offers rec room and additional storage, ready for your personal touch. This unit also features an energy-efficient heat pump, providing a cost-effective way to heat and cool your home year-round. Convenience of 2 owned underground parking spaces and access to 2 underground visitor parking spaces. Nestled in a family-friendly complex, it is ideally situated close to schools, parks, and a wide range of amenities. (id:51158)

For SaleOPEN HOUSE$669,900

340 Plains Road Unit# 512

Burlington, Ontario

2 Bedrooms2 Bathrooms901 sqft

Elevate your lifestyle in the vibrant Aldershot community! Welcome to unit 512. Bask in the natural light pouring into every room or step outside onto your private covered balcony. An outdoor oasis that extends your living space. Whether you're sipping your morning coffee or enjoying a sunset dinner, this private retreat offers you tranquil views and fresh air all year round. Located just minutes from Aldershot GO Station, Highway 403, Mapleview Mall, Schools, Spencer Smith Park, Burlington Pier, Burlington Golf & Country Club, and unlimited dining options. This condo offers the best of Burlington living. Whether you're downsizing, a young professional, or a small family, Unit 512 is the place to call home. Don't miss your chance to experience the lifestyle that awaits! (id:51158)

For SaleOPEN HOUSE$769,900

3050 Rotary Way Unit# 45

Burlington, Ontario

2 Bedrooms2 Bathrooms1282 sqft

Beautiful & fully updated home in first-class & sought-after, family-friendly Alton Village. This home boasts modern quality updates T/O, 2 bedrooms, 2 baths, & 1282 sqft of finished living space. The entry level features a foyer w/48x24 tile, built-in modern closet & bench, wood slat & tile feature wall, inside entry from garage, finished laundry room w/sink, & an office area. The wood staircase leads to the open-concept main level offering a beautiful kitchen w/quartz CTs, SS appliances, breakfast bar, backsplash, & white cabinetry, a dining room & living room w/HW floors, wainscotting, pot lights, a wood feature wall, & a door to the private balcony, & a beautifully updated 2pce bath. The wood staircase leads to the bedroom level providing 2 large bedrooms, both w/HW floors & built-ins in the closets, & includes the primary w/ a feature wall, make-up desk, & a walk-in closet, & a beautifully updated 4pce main bath. This home also has beautiful marble-like tile in the foyer, kitchen, & both baths, HW floors T/O the main & bedroom level, wood slat panel wall features, updated quality light fixtures, pot lights on the entry level & main level, brand-new quality blinds T/O (Nov ’24), freshly painted T/O (Nov ’24), a garage, private driveway, lots of visitor parking, a playground, & very low condo fees of $158.27. Walk to quality schools, parks, shops, dining, rec centre, library, & public transit, & just minutes to highways 407, 403, QEW, & much more. This home shows 10+++ & is a must see! Don’t hesitate & miss out! Welcome Home! (id:51158)

For Sale$1,389,000

3150 Bentworth Drive

Burlington, Ontario

4 Bedrooms3 Bathrooms2452 sqft

Welcome to 3150 Bentworth Dr. Situated in one of the premier streets in the Palmer Community, close to all amenities and with almost 2500 sq. ft. of luxurious and smartly crafted living space. This is truly the unicorn of homes. The newly renovated open concept main floor provides a warm, sun-filled experience in its living and dining areas thanks to its large bay window and brand new sliding patio doors. The custom kitchen with quartz counters/backsplash, new appliances and engineered hardwood floors, offers incredible functionality and is sure to be a family gathering spot. The main floor features a spacious primary bedroom with an ensuite and walk-in closet along with 2 other well-sized bedrooms, a 2nd full bath and a laundry closet. The lower level features a grand 4th bedroom with a 3-piece bath, a 2nd laundry/storage area and an open concept living and dining area with a 2nd full kitchen. With a separate entrance at grade walkout, the lower level can be a completely separate self contained in-law suite, making this home perfect for big and/or multi-generational families. The backyard is an entertainers dream, with new landscaping and a raised deck among the mature trees providing great privacy. An 8x12 custom built shed in the backyard and an attached garage with a massive loft above provides ample storage for your needs. Both the home and the shed are well protected with a metal roof. All You Need to Do is Unpack! Welcome to 3150 Bentworth Drive. Welcome home. (id:51158)

For Sale$1,199,900

675 Woodview Road

Burlington, Ontario

4 Bedrooms2 Bathrooms2223 sqft

This beautiful South Burlington raised bungalow, with mature oasis of a backyard, has been completely renovated from top to bottom! Featuring 3+1 bedrooms and 2 full bathrooms, this open-concept with Mannington hardwood floors, is perfect for entertaining and family gatherings. The spacious living room and dining area boast bay windows that fill the room with natural light. The kitchen offers high-quality stainless steel appliances, custom cabinetry, huge island with seating, quartz counters and a convenient pantry. The main floor includes the primary bedroom with two closets, two additional spacious bedrooms and luxurious 4-piece bathroom. The new staircase leads to the lower level, with rec room featuring a fireplace, a versatile 4th bedroom with walk-in closet, a large bathroom with a walk-in shower, and loads of storage. The private backyard boasts mature foliage, spacious patio for entertaining or relaxing. Close to Downtown Burlington, schools, restaurants, shopping easy access to highways and more. Plus the Centennial Bikeway is just down the street! (id:51158)

For Sale$1,445,000

3479 Spruce Avenue

Burlington, Ontario

2 Bedrooms2 Bathrooms2003 sqft

Renovated raised bungalow located in Roseland. Located on a beautifully landscaped wide lot, this home perfectly blends comfort and functionality. Inside, find a bright, inviting, open-concept living and dining area, ideal for entertaining and family gatherings. The updated kitchen features high-quality cabinetry and stainless steel appliances with plenty of counter space and storage. On the main level find three spacious bedrooms and 4-piece bathroom. The fully finished walkout lower level, with a separate entrance, includes an additional family room with an updated gas fireplace, 3-piece bathroom, and extra bedroom with a walk-out. The private and spacious pool-sized backyard features a heavy-duty steel hardtop pergola in the backyard, hot tub pad and electrical, surrounded by newly replaced fences. Don't miss your chance to make it yours! (id:51158)

For Sale$1,488,900

3333 New Street Unit# 13

Burlington, Ontario

3 Bedrooms3 Bathrooms2569 sqft

Roseland Green End unit siding onto Bike path. Many quality updates throughout this 2 Storey home. Open concept great/din/kitchen. Approx 2569 sq ft. Bright kitchen with ample cupboard and counter space. Butlers pantry. Walk out to covered porch and patio. Great room with gas fireplace and access to back yard. Engineered Wood floors on main level. 3 spacious bedrooms. Laundry room bedroom level. 2.5 bathrooms. 2 car garage with entry into home. Roof and skylight 2024. Windows 2022. Double driveway 2021. Garage door 2021. Main floor motorized window blinds. Walk to Lake and shopping. Minutes to highways. (id:51158)

For SaleOPEN HOUSE$969,000

2282 Orchard Road Unit# 13

Burlington, Ontario

3 Bedrooms3 Bathrooms2423 sqft

This Townhome Won't Last Long! Make it yours TODAY! End Unit Townhome in a Private Enclave of High-Quality Residences in the Heart of the Sought-After Orchard Community. Featuring a spacious open-concept main floor with stunning Travertine tile throughout and plenty of natural light through large windows. A bright and spacious foyer welcomes you with ample light. Gourmet Kitchen with Quartz countertops, elegant cupboards, and a newer sink and faucet. Loads of living and dining space that is perfect for family gatherings and entertaining friends. Convenient backyard access with direct entry from the main floor to the fenced-in backyard. Enjoy blinds on all windows that add to the charm and functionality. The second-floor laundry includes a laundry sink for convenience. The huge primary bedroom boasts three double closets and a 4pc ensuite bathroom. Newer sinks and faucets in all bathrooms. The unfinished basement is a blank canvas to make your own or use for extra storage, a gym, or a play space for the kids. Generously sized 2nd and 3rd bedrooms which are perfect for family or guests or use one for your home office. Convenient, direct access to the garage from inside the home. The visitor parking offers plenty of space for guests. Located in one of the most family-friendly neighborhoods, this community-oriented complex is just steps away from reputable schools, local trails, parks, shopping, and restaurants. A short drive brings you to Appleby GO, major highways, and Bronte Provincial Park. This lovingly maintained home features 9 ft ceilings and is only 3 minutes from the 407, offering easy commuter access. Don't miss this great opportunity to get into the market and call this beautiful townhome your own in the desirable Orchard Community in Burlington. (id:51158)

For SaleOPEN HOUSE$669,000

5475 Lakeshore Road Unit# 64

Burlington, Ontario

4 Bedrooms3 Bathrooms1681 sqft

Welcome to Unit #64, a beautiful corner unit located in a gated lakeside community. This 3+1 bedroom, 2.5 bathroom home offers exceptional privacy, with trees lining the left side, creating a peaceful atmosphere. From your two underground parking spaces, you have direct walk-up access to a functional basement including your laundry, custom storage spaces, a living room, and an additional room, adaptable for any use you choose. The main level presents an open layout, filled with natural light, seamlessly connecting the living room to the dining area and kitchen, complete with a cozy breakfast nook. Upstairs, the master bedroom feature an ensuite and walk-in closet, along with two additional bedrooms and a full bathroom. Designed for convenience, this home and community offers maintenance-free living—no snow removal. Brand New Heat Pump (April 2024) and Roof (August 2024) Just steps away from the lake and the beach, the property is part of a secure, enclosed community with playground and amenities for children. Centrally located, it combines affordability with the perfect blend of comfort and tranquility. Explore this beautiful property and make it your own! (id:51158)

For Sale$1,049,000

399 Elizabeth Street Unit# 611

Burlington, Ontario

3 Bedrooms2 Bathrooms1322 sqft

Embrace the best of downtown Burlington living in this stunning 1322 square foot condo at The Baxter! This luxurious residence offers a spacious split floorplan, with two bedrooms, two bathrooms, and a versatile den—perfect for a home office or guest room. The modern kitchen boasts granite countertops, an island with a breakfast bar, and a wine fridge, making it ideal for entertaining. The main living area features beautiful hardwood floors and ample space for both dining and relaxing. The primary bedroom is enhanced with a walk-in closet and four-piece ensuite. Step out to your expansive terrace-sized balcony or enjoy premium building amenities, including a party room, gym, rooftop terrace, and more. With side-by-side parking and just steps from Burlington's top shopping, dining, and the waterfront, this condo truly has it all! Don’t be TOO LATE*! *REG TM. RSA. (id:51158)