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$849,900

5070 Fairview Street Unit# 209

Burlington, Ontario

3 Bedrooms2 Bathrooms1455 sqft

Don't miss this incredible opportunity to own a stunning end unit in South Burlington, offering almost 1,500 sqft and over $100,000 in renovations and updates! This 2+1 bedroom, 2-bathroom unit boasts a modern design in a neutral colours palette throughout and open-concept living area. The spacious front hall features custom-built shoe cabinets, a closet with custom built-ins, and a full-sized stacked washer and dryer. The kitchen features stainless steel appliances, pristine white cabinetry with a floor-to-ceiling pantry, quartz counters, porcelain backsplash, pot lights, custom island plus an opening to the living room and dining room. The bright living and dining room, features a stunning floor-to-ceiling natural stone electric fireplace, perfect for cozying up on cool nights. The space flows seamlessly to a south-facing balcony with remote-controlled blackout blinds, ideal for relaxing. The primary suite includes a walk-in closet with custom built-ins, remote control blinds, a beautiful 5-piece ensuite with porcelain detailing, MOEN faucets, chrome fixtures, and a double vanity. A second bedroom, a fully renovated 4-piece bathroom, and a versatile den, perfect for a home office, gym or more complete this fantastic unit. Additional features include underground parking, a storage locker, and a prime location across from Appleby GO station—perfect for commuters. Plus, you're just steps away from the Centennial bike path, schools, parks, and all amenities! (id:51158)

For SaleOPEN HOUSE$2,490,000

218 Northshore Boulevard W

Burlington, Ontario

4 Bedrooms3 Bathrooms4938 sqft

Charm and character best describe this lovely traditional home located in one of Burlington's most desirable areas, Aldershot, close to Lasalle Park, Burlington golf course, Botanical Gardens, and the Go station. Very private large landscaped lot (100 x 170; 195 x 102) with majestic mature oak and maple trees. The main floor offers a great floor plan with hardwood flooring, crown molding and wainscotting. Theres an inviting living room with a fireplace and a large dining room for those special family get togethers. The well-equipped kitchen has custom millwork cabinetry and granite countertops, island and eating bar opens to a spacious sunroom overlooking the lovely mature gardens. A den, and a cozy family room with a fireplace complete the rambling main level. A large private master bedroom with views of the bay, walk-in closet and ensuite, there are three generous sized additional bedrooms with large closets and picture windows. The lower level offers a large recreation room, exercise area, and lots of storage. Outside there is a stone patio with mature trees and gardens for outdoor enjoyment. Timeless design can be found in this wonderful home in a quiet family neighborhood with easy access to schools, shopping and dining, many amenities close by, QEW, the Go station are all easily accessible. This special property has endless possibilities let your imagination guide you! (id:51158)

For SaleOPEN HOUSE$775,000

2301 Cavendish Drive Unit# 106

Burlington, Ontario

3 Bedrooms2 Bathrooms1320 sqft

Updated 3 bedroom/1.5 bathroom end unit in Burlington’s Cavendish Woods townhouse complex. The 1320 sq. ft. unit features an eat-in kitchen with white cabinets and quartz counters, stainless steel appliances, under cabinet lighting and ceiling pot lights, plus an L-shaped dining and living room with hardwood floors and with sliding doors leading to a private deck where you can also easily access the complex park/playground. Main level 2 piece bath. Upstairs you’ll find a generously sized primary bedroom with wall to wall closets and 2 more bedrooms - all with laminate flooring - along with a 4 piece bath with tub and separate shower. The lower level boasts a freshly painted and carpeted large family room with gas fireplace and laundry/utility room offering plenty of storage space. The unit is conveniently located within the complex, just steps away from the parkette and visitor parking. Updates include: furnace, H20 Heater(rented), basement broadloom, paint - 2024; washer, dryer - 2024; staircase spindles & bannister - 2024; deck - 2022; living/dining room hardwood floor - 2022; main bathroom vanity/taps, toilet - 2018; kitchen cabinets/counter/floor/appliances/lighting - 2021; front door - 2020; powder room - 2020; A/C (rented) - 2018, laminate flooring on 2nd level - 2013. Condo fee in this well run complex covers building insurance, common elements, exterior maintenance, cable tv, water, high speed internet and parking. This family friendly community is close to schools, shopping, public transportation and access to area highways. Don’t miss out! (id:51158)

For Sale$599,900

1237 North Shore Boulevard Unit# 404

Burlington, Ontario

2 Bedrooms2 Bathrooms1175 sqft

Welcome to the Harbourlights, where luxury and convenience blend seamlessly in this spacious 1+den condo. Nestled in the heart of Burlington, this unit offers a lifestyle of comfort and accessibility. The condo boasts an open-concept layout with a generous living area, a versatile den perfect for a home office or guest room, and large windows that flood the space with natural light. Situated near the picturesque lake, you'll enjoy scenic walks and the tranquil beauty of Spencer Smith Park, just steps away. The vibrant downtown Burlington area is within walking distance, providing an array of dining options and charming shops. Whether you're grabbing a coffee at a local caf or enjoying a gourmet meal at one of the city's top restaurants, you'll appreciate the vibrant urban atmosphere. Commuting is a breeze with easy access to major highways, making it simple to travel to Toronto or other nearby cities. The Harbourlights building itself offers a range of premium amenities designed to enhance your lifestyle. Host gatherings in the stylish party room, unwind with friends in the games room, or maintain your fitness routine in the well-equipped exercise room. On warm days, take a dip in the outdoor swimming pool, or simply relax poolside and soak up the sun. Enjoy the perfect blend of urban convenience and serene lakefront living in one of Burlington's most sought-after locations. (id:51158)

For Sale$1,150,000

430 Pearl Street Unit# 311

Burlington, Ontario

2 Bedrooms2 Bathrooms1557 sqft

Welcome to an exceptional lifestyle in this rare corner unit in the heart of downtown Burlington! This 1557 SF condo offers breathtaking lake and sunset views, just steps from the vibrant waterfront, pier, beach, restaurants, coffee shops, gym, and all amenities. Completely renovated in 2017, this unit showcases an open-concept living and dining area, featuring hardwood floors throughout, large windows flooding the space with natural light, and a gas fireplace with a stunning stone feature wall. The updated kitchen boasts granite counters, stainless steel appliances, and under-mount lighting. Enjoy your morning coffee in the bright solarium, ideal as an office or den, or relax on the expansive 21’ x 3.6’ balcony with lake and village views. The spacious primary bedroom offers balcony access and a renovated 3-piece ensuite with a tub rough-in. The second bedroom also includes a 3-piece ensuite. Building amenities include a rooftop BBQ patio and social room with kitchen. Unit includes a large locker, and two parking spaces. Live the ultimate Burlington lifestyle! (id:51158)

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$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$774,900

4192 Longmoor Drive Unit# 8

Burlington, Ontario

3 Bedrooms2 Bathrooms1348 sqft

This spacious and impeccably maintained unit in beautiful Burlington is a great find! The home offers ample living space, designed with comfort and functionality in mind. Every corner of this property reflects the care and attention it has received, making it move-in ready for its next owners. One of the highlights is the serene backyard, which backs directly onto a peaceful trail—perfect for nature walks and enjoying the outdoors right at your doorstep. Clean, bright, and inviting, this unit is a true gem that combines spacious living with an ideal location. Don’t miss out on this well-cared-for home! (id:51158)

For SaleOPEN HOUSE$2,850,000

5538 Eaton Avenue

Burlington, Ontario

6 Bedrooms5 Bathrooms5400 sqft

Welcome to a one-of-a-kind, custom-built home where elegance meets modern sophistication. This brand-new, ultra-luxury residence offers unparalleled craftsmanship and design, featuring 4 + 1 spacious bedrooms and 5 opulent bathrooms, all meticulously upgraded to the highest standard. Spanning over a grand layout, every corner of this home exudes luxury, from the soaring ceilings to the finest finishes. The highlight of the home is the spectacular master suite, a private retreat with a spa-inspired bathroom, oversized walk-in closet, and panoramic views that take your breath away. Entertain in style in the state-of-the-art gourmet kitchen, featuring sleek stone countertops and custom cabinetry, as well as a convenient butler's pantry. The expansive open-concept living spaces create an atmosphere of airiness and flow, ideal for both intimate gatherings and grand celebrations. Additional highlights include floor-to-ceiling windows that fill the home with natural light, 9' basement ceilings, and a garage equipped with an EV plug. The home is also equipped with two mechanical rooms featuring two ERVs and HVAC systems for superior air quality, complemented by custom lighting throughout. Step outside to a beautifully landscaped backyard with a concrete covered patio and fireplace, perfect for seamless indoor-outdoor living. The walk-up basement is designed for versatility and convenience. No detail has been overlooked in this masterpiece, from designer fixtures to custom flooring, ensuring the highest levels of comfort and luxury. Experience the pinnacle of refined living - this is more than a home; it's a lifestyle, all just a short walk from the shores of Lake Ontario. (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 SaleOPEN HOUSE$949,900

3521 Toffee Street

Burlington, Ontario

3 Bedrooms2 Bathrooms1890 sqft

Welcome to the charming Palmer neighbourhoodc to this move in ready two-storey home! Step inside and be greeted by the inviting ambiance of the open-concept living room and dining area, perfect for hosting gatherings with friends and family. The heart of the home, the kitchen, has been renovated, boasting sleek stainless steel appliances and ample storage. From here, sliding doors lead seamlessly to oversized private yard, providing an ideal retreat for outdoor relaxation and entertaining. The main level is complete with a powder room. Upstairs, discover three spacious bedrooms and an updated full bathroom. Descend to the finished basement to find even more space for entertainment and recreation, making it the perfect spot for movie nights! Conveniently located close to schools, parks, and shopping centers, with easy access to highways, this home offers the perfect blend of suburban tranquility and urban convenience. Whether you're seeking a peaceful retreat or a vibrant community to call home, this property has it all! Don't miss your chance to make this impeccable residence and embark on the next chapter of your life in the coveted Palmer neighbourhood! (id:51158)