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$899,900

1053 Helena Street

Burlington, Ontario

3 Bedrooms2 Bathrooms885 sqft

Investors, downsizers, and condo/town move-up buyers! Live life in south Burlington, close to the downtown core, shops, and easy highway access! Welcome to 1053 Helena St, a 3 bed, 2 bath bungalow on a quiet street in the sought-after Plains community. The welcoming foyer opens to the extra large living room with north and west-facing windows, hardwood flooring, and abundant natural light. The neutral upgraded eat-in kitchen is ideal for keeping an eye on what's going on in the yard with garden door access, shaker-style cabinets, and stainless steel appliances. The main level offers two large bedrooms and a 4pc upgraded bath. Head down to the lower level where you will find an additional bedroom/den/office space nicely elevated to allow for a large window and lots of sunshine. The rec room is ideal for entertaining with a beautiful gas fireplace, and space for your large-screen TV. The separate entrance from the garage is perfect access for the lower-level income suit. (id:51158)

For Sale$599,000

4140 Foxwood Drive Unit# 205

Burlington, Ontario

2 Bedrooms1 Bathrooms729 sqft

Spacious and inviting 2-bedroom, 1-bath ground-level unit available in a fantastic family friendly neighbourhood! This open-concept home features laminate flooring throughout, a very bright living room with sliding doors overlooking your private terrace, a kitchen with lots of storage, and an updated bathroom. Enjoy the convenience of en-suite laundry and the luxury of TWO side-by-side parking spaces just steps from your private terrace. Located close to public transit, the 407, QEW, schools, parks, and a variety of restaurants and shops, this unit offers everything you need for comfortable living. Don't miss out—this gem won't be available for long! (id:51158)

For Sale$839,900

5280 Lakeshore Road Unit# 911

Burlington, Ontario

2 Bedrooms2 Bathrooms1277 sqft

Welcome to Unit 911 at 5280 Lakeshore Road, a beautiful waterfront corner unit condo! This bright and spacious home features 2 bedrooms, 2 bathrooms, and underground parking for one vehicle. The foyer features a large double closet and guides you to the breathtaking living room with soaring natural light and an electric fireplace. The sunroom is designed to showcase panoramic lake views through its exceptional windows, making it the perfect space to relax or entertain. Adjacent to the living room, the formal dining room is complete with a beautiful chandelier and elegant wainscoting. The galley-style kitchen offers ample cabinetry, tasteful tones, and a charming bay window that fills the space with light. The primary bedroom includes a double closet, a large south-facing window, and a private 3-piece ensuite. The spacious second bedroom also features a double closet and is conveniently located next to a 3-piece bathroom. Centrally located between the bedrooms is the laundry room with extra cabinetry and a linen closet. The incredible amenities include an outdoor pool, a tennis and pickleball court, barbecues, saunas, an exercise room, a party room, visitor parking, community groups, and more. Situated near grocery stores, waterfront parks and trails, great restaurants and shops, public transportation, the QEW, and only minutes to beautiful downtown Burlington. Rarely offered, you are bound to fall in love! (id:51158)

For Sale$4,800,000

247 Belvenia Road

Burlington, Ontario

4 Bedrooms3 Bathrooms3900 sqft

For more info on this property, please click the Brochure button. Stunning and unique property priced to sell! Bungalow complete with a back yard oasis. Build your custom dream home on this once in a life time lot in the heart of Burlington close to the top schools in the area Tuck and Nelson! Don't wait too long this one will go quickly! (id:51158)

For SaleOPEN HOUSE$2,549,998

4272 Clubview Drive

Burlington, Ontario

6 Bedrooms5 Bathrooms5578 sqft

Welcome to this extraordinary detached home in the prestigious Millcroft neighborhood built by Monarch—a rare opportunity on a sought-after street where properties seldom come to market. Backing onto a serene golf course and overlooking a beautiful ravine, this home boasts 4+2 bedrooms, 3.5+1 bathrooms, and over 5,500 square feet of living space, offering breathtaking views and unmatched tranquility. The interior features 9-foot ceilings and a stunning open-concept living room that soars to an 18-foot ceiling, framed by expansive windows that flood the space with natural light. Situated on a beautifully landscaped lot, the exterior includes a custom fountain and a stamped concrete patio, perfect for entertaining or relaxing in style. A finished basement adds versatility, while the three-car garage ensures ample parking and storage. Located close to top-rated schools, shopping, and recreational amenities, this is a truly exceptional property in an unbeatable location. Don’t miss your chance to call this stunning home your own—schedule a private showing today! (id:51158)

For Sale$1,849,999

313 Silvana Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms2646 sqft

STUNNING CONTEMPORARY REMODEL! 4 level sidesplit in the revered Shoreacres neighbourhood! 3+1 bedrm, 2.5 bathrm, OVER 2600 sq ft of living space & is filled top to bottom with magnificent details. Open concept living space, gorgeous reconstructed vaulted ceiling, a sophisticated kitchen offers incredible attributes, large kitchen island, solid quartz countertop, floor to ceiling storage, smart tap & top of the line appliances. Main floor is complete with a modern gas fireplace, 4 skylights, a dining area & mudrm. Solid oak stairs lead up to the upper level feat. 3 spacious bedrms each with hardwood floors that have been sanded & restrained to match the main level. 5-piece bathroom with a rain shower head, double vanity, spa-like tub, & heated towel rack. The details continue to the lower 2 levels with a fully finished rec room with a walk-up, a cozy wood burning fireplace, spacious laundry room with an imported Italian sink. The compact powder room makes a big design impact with a unique curved wall & heated tile flooring. Another spa-like 3-piece bathrm with another rain shower head & accent lighting. The 4th bedrm has a large window & frosted glass window to open the space up. Industrial wine cellar has a floor to ceiling glass door for temperature control & an abundance of racks & shelving. Sitting on a desirable corner lot on a very quiet crescent with a stone interlock front patio. Located minutes from all amenities, communities centres, parks, schools & major highways. (id:51158)

For Sale$463,900

4015 Kilmer Drive Unit# 404

Burlington, Ontario

1 Bedrooms1 Bathrooms663 sqft

Calling all commuters, downsizers, and first-time buyers! This well maintained 1-bedroom, 1-bathroom condo offers convenience and comfort in the heart of Burlington. Located on the 4th floor, this unit features neutral décor, vaulted ceilings, and an open-concept design. The eat-in kitchen with a breakfast bar flows seamlessly into the living area, making it perfect for entertaining. The bright primary bedroom boasts a double closet and easy access to a 4-piece bathroom with a tub/shower combo. Enjoy the convenience of in-suite laundry and the warmth of hardwood floors throughout. Step outside through double garden doors to your private balcony, ideal for relaxing with your morning coffee or an evening BBQ. Situated just minutes from highways, GO stations, shopping, restaurants, and more, this condo offers an unbeatable location. Simply move in and enjoy all the best Burlington has to offer! (id:51158)

For Sale$1,154,990

370 Martha Street Unit# 2506

Burlington, Ontario

2 Bedrooms2 Bathrooms967 sqft

Experience luxury living at its finest in this spacious 2-bedroom, 2-bathroom penthouse condo, offering incredible views of Lake Ontario. Located in a highly sought-after neighborhood of Burlington, this home is the perfect blend of comfort, style, and convenience. Step inside and be greeted by an open-concept living area with large windows that flood the space with natural light and provide stunning panoramic lake views. The gourmet kitchen features high-end finishes, modern appliances, and ample counter space — perfect for both cooking and entertaining. The unit also includes 1 parking space for added convenience. Nautique Lakefront Residences offers exceptional indoor and outdoor amenities, including a sparkling swimming pool, a 20th-floor Sky Lounge with panoramic views, fire pits, a yoga studio, a fitness centre, and more, ensuring you'll enjoy a comfortable and active lifestyle. Located just a short walk from the lake, Spencer Smith Park, and downtown Burlington's vibrant cafes, restaurants, and shops, this 24-hour concierge building offers everything you need for a convenient and enjoyable lifestyle. Don't miss out on this incredible opportunity to call Nautique Lakefront Residences home! (id:51158)

For Sale$549,900

2030 Cleaver Avenue Unit# 213

Burlington, Ontario

2 Bedrooms1 Bathrooms1066 sqft

Premium Ravine Unit at Forest Chase- Location & Size Matter, this unit has BOTH! Almost 1100 sq ft of living space plus the private balcony overlooking ravine & forest- 2 parking spots & storage locker included- Corner Suite with spacious entry hallway leading to your sprawling open concept great room- Double Garden Doors to the West facing balcony where you can enjoy the “Muskoka” like forest views- BBQs permitted- Bright Main Bedroom with 2 large windows & Walk in Closet- Spacious 2nd Bedroom- 5 piece bathroom has double sinks- soaker tub & separate shower- Convenient in suite laundry- This pet friendly complex is meticulously maintained by a top property management company- Located in Headon Forest, one of Burlington’s most desirable residential neighbourhoods- Walking distance to schools, nature trails, public transit, grocery stores, medical, coffee shops, Restaurants and all the must have amenities. Close to all major highways, QEW- 407etr & Hwy 5 & Go Transit- Condo fees include building insurance, common elements, exterior maintenance, water & ample visitor parking. Compare the superior location to the others and see why ravine units are such a rare offering! (id:51158)

For Sale$1,425,000

2141 Cartier Crescent

Burlington, Ontario

4 Bedrooms3 Bathrooms3990 sqft

Welcome to this delightful 4-bedroom, 3-bathroom home that perfectly balances comfort and style in a sought-after family-friendly neighbourhood. The charming front porch creates a cozy space to savour your morning coffee or unwind in the evening, setting the stage for the inviting ambiance within. Inside, you'll discover bright and spacious living areas, ideal for both everyday living and entertaining. The modern kitchen features sleek finishes, abundant cabinetry, and a convenient breakfast bar. Upstairs, the generously sized bedrooms offer ample space for family and guests, with the primary bedroom featuring a private en-suite bathroom for your convenience. The finished basement provides a versatile area, perfect for a family room, home office, or personal gym. Outside, the beautifully landscaped yard offers plenty of space for play, gardening, or simply relaxing. Conveniently located near schools, transit, highways, and parks, this home truly offers the best of location and lifestyle! (id:51158)

For Sale$499,900

1800 Walkers Line Unit# 310

Burlington, Ontario

1 Bedrooms1 Bathrooms643 sqft

Welcome home to the Woodbridge Condos! This delightful, open concept, 1 bedroom, 1 bathroom condo is situated in a well established, beautifully maintained building, offering both comfort and convenience. This bright and spacious unit is well appointed with an airy bedroom complete with loads of natural light and ample closet space, a bright open kitchen with plenty of cupboard space, breakfast bar, dining area, in-suite laundry, a modern 4pc bathroom, and a spacious living room with walk-out to your balcony, perfect for enjoying your morning coffee! LOW condo fees ! Amenities include: Exercise room, party room, sauna, car wash, and visitor parking. Unit includes your private parking space and enclosed locker. Located in the vibrant Palmer area of Burlington, you will find everything you need just steps away from shopping and dining to entertainment. For commuters, you have quick access to highways and public transit is readily available. This is the perfect blend of urban living and accessibility - ideal for anyone seeking a dynamic yet comfortable lifestyle. Don't miss the chance to make this condo your own. (id:51158)

For Sale$785,000

500 Brock Avenue Unit# 302

Burlington, Ontario

2 Bedrooms2 Bathrooms785 sqft

Over 1,500 SQ FT of total living space - you're going to be blown away by this space! Experience one-of-a-kind luxury in this stunning 2-bedroom, 2-bathroom condo, perfectly situated just steps from downtown Burlington. The true standout is the rare and expansive private terrace, offering over 720 SQ FT of additional living space—an extraordinary feature that sets this condo apart from any other condo available in downtown Burlington. Inside you'll find a perfectly maintained and barely lived-in space with floor-to-ceiling windows that flood the living area with natural light, creating an airy and inviting ambience - Not only will you enjoy the sun beaming through your windows, but you'll also be able to view the sunset as it sets beyond the escarpment - This truly adds a touch of magic to your daily routine. This condo features top-of-the-line Energy Star appliances and custom electric blinds. Custom built-in closets provide ample, sophisticated storage solutions, while an owned locker ensures you have extra space for all your treasures. Not to mention, an owned parking spot. What's more to love?! (id:51158)