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$1,875,000

3029 Eva Drive

Burlington, Ontario

3 Bedrooms3 Bathrooms2177 sqft

Modern luxury and family-friendly living in this fully renovated home in Dynes. Nestled on a mature, pool-sized lot with mature trees, this home is mins from schools, parks, dining, transit, hwys & lakefront. Spanning 2,177SF of total finished living space, this open-concept layout features exquisite details at every turn. From the stunning curb appeal with refinished exterior, fiberglass entry door & cedar-roofed covered porch, to the engineered white oak floors and abundant LED pot lights, this home has it all. The custom kitchen is a dream with slim-shaker cabinets, quartz counters & matching slab backsplash, gold fixtures, pantry, appliance garage & spacious island with breakfast bar. Seamless flow from kitchen to dining area with black frame sliders opening to a private yard with stone patio—ideal for entertaining. The inviting living room features a striking gas fireplace with modern surround & mantle. Plus an oversized window for natural light. Upstairs, retreat to a luxurious primary suite with WI closet & spa-like ensuite with freestanding tub & Riobel tub filler, large glass shower & double vanity. 2 additional bedrooms and a full bath complete this level. The finished lower level incl a cozy family room, office, massive laundry room with custom storage cabinetry & quartz counters. Extras: EV charger rough-in, gas BBQ connection, new Ridley windows, updated HVAC, sump pump, new electrical & much more! See supplement. All work done with permits. Move in ready! (id:51158)

For SaleOPEN HOUSE$984,900

934 David Court

Burlington, Ontario

3 Bedrooms3 Bathrooms1614 sqft

Welcome to 934 David Court! This 3 bedroom, 2.5 bath link home sits in a prime South Aldershot neighbourhood! This home is bright and welcoming with gleaming hardwood floors and freshly painted throughout. The open concept layout is perfect for entertaining. The updated white kitchen is modern and bright and features stainless steel appliances, tile splash, breakfast bar and granite counters. The separate family room open from the kitchen is perfect for families. Additional sunroom is a wonderful place to curl up with a book or enjoy your morning coffee. Upstairs you will find 3 good-sized bedrooms including master with ensuite privileges. Renovated 5-piece bathroom includes tub and double sinks. The finished basement offers fantastic extra living space and an additional bathroom! This home is immaculate, updated and move-in ready! Large, fully fenced backyard, attached garage and parking for 4 cars. Other updates include new air conditioning, new skylight and central vacuum. Great court location, perfect for families and conveniently located close to schools, GO and all amenities! Come see for yourself, shows 10+ (id:51158)

For Sale$1,598,000

4008 Jarvis Crescent

Burlington, Ontario

3 Bedrooms3 Bathrooms2594 sqft

Nestled on a quiet crescent in the sought-after Millcroft community, 4008 Jarvis Crescent is a fully updated home offering 2,594 sq ft of total living space. From the moment you arrive, the professionally upgraded brick exterior, exterior pot lights, and modern finishes make a lasting impression. An updated roof, insulation, and mechanicals provide peace of mind, while an EV charger and rare inside garage access add convenience. Inside, elegant hardwood floors flow throughout the main level, where an expansive kitchen shines with stone countertops, stainless steel appliances, double oven with a large island with stovetop, wine storage. Abundant cupboard space and modern light fixtures elevate the design, while a bright living room with electric fireplace offers warmth and comfort. A sleek 2-piece powder room completes this level. Upstairs, the spacious primary suite features a walk-in closet and a 3-piece ensuite with a stone-and-glass shower. Two additional bedrooms share a 4-piece bathroom, and a laundry room with storage and utility sink adds practicality. The fully finished basement offers a large rec room, pantry, gym, and an additional bedroom or office. Outside, the fully fenced backyard is perfect for a growing family, with a wood deck, concrete patio, and BBQ gas line—ideal for summer nights spent with loved ones. This home blends luxury, functionality, and style in every detail. (id:51158)

For Sale$1,249,999

2182 Clarendon Park Drive

Burlington, Ontario

4 Bedrooms2 Bathrooms1210.9 sqft

Welcome to 2182 Clarendon Park Drive! This is the family-friendly bungalow you've been looking for on a beautifully landscaped lot in a prime location! You're greeted with an inviting covered front porch as you walk up to the home. Coming inside, you'll find a welcoming living and dining space, featuring original hardwood floors, a gas fireplace, and large bright windows. The spacious eat-in kitchen has been fully renovated, with timeless white cabinetry, quartz countertops, and stainless steel appliances. Down the hall you will find three bedrooms, ideal for families or those looking for main floor living. A fully renovated 4-pc bath, with heated flooring, completes the main floor. Headed downstairs, is a large beautifully renovated family room, additional bedroom, and 3-pc bath. Quality workmanship is evident throughout, as this home has been lovingly maintained and updated throughout the years. A separate laundry / utility room completes the lower level, offering extensive storage options. The large backyard offers a wonderful space for a family to enjoy. Complete with stone patio, Artic Spa hot tub, and extensive gardens, this is your own little oasis. Plenty of parking and is available with the double drive and single car garage. Located in desirable Central Burlington, this home is just minutes away from downtown and the waterfront, schools, library, amenities, and commuting options along the highway and GO line. This isn't one to miss! (id:51158)

For Sale$509,900

5240 Dundas Street Unit# B414

Burlington, Ontario

2 Bedrooms1 Bathrooms619 sqft

Welcome to the prestigious Link Condos, where iconic European-inspired architecture meets contemporary luxury. This upgraded one-bedroom unit in the award-winning ADI Link building boasts sleek modern finishes and an array of indulgent amenities designed to elevate your lifestyle. Enjoy serene ravine views from the rooftop terrace, perfect for entertaining or relaxing in style. Host memorable gatherings in the state-of-the-art demonstration kitchen or unwind with world-class spa amenities, including a sauna and a fully-equipped fitness center. Ideally located adjacent to Bronte Creek and just steps away from shops, dining, and easy access to major highways and transit, this residence offers unparalleled convenience. Additional on-site conveniences include a family clinic, pharmacy, and dentist within the main level commercial area. (id:51158)

For Sale$799,000

2137 N Mount Forest Drive N

Burlington, Ontario

3 Bedrooms

Best deal in Burlington! Contractor / Investor special. 3 bedroom brick bungalow on a great 50 x 120 lot in the desirable community of mountainside. Minutes away from the QEW, shopping, groceries, great schools and public transit. Potential to convert into duplex with existing separate entrance to the basement. (id:51158)

For Sale$2,199,000

607 Edgewater Crescent

Burlington, Ontario

2 Bedrooms2 Bathrooms2892 sqft

Cottage living in the city! Rare waterfront opportunity awaits in one of Aldershot's most coveted neighbourhoods. Nestled next door to the Burlington Golf & Country Club and the Bay, this distinctive property boasts an expansive lot on a tranquil cul-de-sac. The lush backyard provides a private haven for outdoor enthusiasts with direct access to the harbour for boating and water activities. Enjoy panoramic lake views from a secluded patio just steps from the living room. The gourmet kitchen offers breathtaking bay views, while the open-concept layout effortlessly accommodates both casual family gatherings and formal entertaining. The main level features a bedroom, an office (which can be turned into a second bedroom) and a full bathroom, offering versatile living spaces to suit your needs. The lower level includes a spacious primary bedroom complete with walk-in closet and a well-appointed bathroom. Two double sided wood burning fireplaces. Jointly owned beach. A great opportunity to open up the front of the property by adding a circular driveway. Don't miss out on this unparalleled opportunity to own on the water - schedule your viewing today! (id:51158)

For Sale$499,500

5220 Dundas Street Unit# 312

Burlington, Ontario

2 Bedrooms1 Bathrooms584 sqft

Welcome to 5220 Dundas Street, Burlington – Luxury Living in a Prime Location! Step into this stunning condo at Link 1 by Adi Developments, where modern elegance meets contemporary convenience. Boasting an open-concept design, this 1-bedroom + den suite features soaring 9-foot ceilings and floor-to-ceiling windows that flood the space with natural light, showcasing sunset views of the Escarpment and beyond. The sleek kitchen is equipped with built-in stainless steel appliances, quartz countertops, and custom cabinetry, creating the perfect space for culinary adventures. The thoughtfully designed den offers versatile functionality – ideal as a home office, nursery, or even a dining room. The master bedroom features a custom closet and direct access to the shared ensuite bathroom, while the entire home is outfitted with stylish plank laminate flooring. Enjoy a wealth of amenities including a state-of-the-art fitness center, party room, outdoor terrace with BBQ facilities (id:51158)

For Sale$1,349,000

1150 Skyview Drive Unit# 52

Burlington, Ontario

3 Bedrooms4 Bathrooms3662 sqft

Welcome to Tyandaga Oaks! This detached home has been meticulously maintained with many updates throughout. Boasting 3600+ 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$949,000

3497 Marion Court

Burlington, Ontario

3 Bedrooms2 Bathrooms1350 sqft

Detached home w long driveway, single garage, sits on child friendly quiet court. Features eat-in kitchen, dining & living rms on main floor, plus powder rm. Second floor has 3 bedrooms, including shared en-suite to primary. Basement has open recroom as well as a room for potential 4th bedroom and or office, plus 3 piece bath & laundry. Enjoy private stone patio and landscaped yard. Living here you enjoy all the local parks, schools, restaurants, shops & bus routes. (id:51158)

For Sale$605,000

2093 Fairview Street Unit# 1702

Burlington, Ontario

2 Bedrooms2 Bathrooms809 sqft

Charming 2-bedroom, 2-bathroom corner suite in the Paradigm East Tower! This 809 sq.ft. unit offers a spacious, open-concept layout with abundant natural light. Ideally located just a short walk from downtown, the Burlington GO station, major highways, shopping centers, and a variety of restaurants. The primary bedroom includes an ensuite bathroom for added convenience. The unit features upgraded flooring, kitchen cabinets, quartz countertops, and stainless steel appliances. Enjoy the luxury of two separate balconies with spectacular views of the escarpment, lake, and downtown Toronto. The building is packed with amenities, such as a 24-hour concierge/security service, indoor pool, basketball court, sauna, fitness center, guest suites, party/media/games rooms, sky lounge, rooftop deck, outdoor fitness area, pet run/washing station, and underground visitor parking. Comes with one underground parking space. (id:51158)

For Sale$612,900

2085 Appleby Line Unit# 410

Burlington, Ontario

2 Bedrooms2 Bathrooms1079 sqft

Welcome to 410-2085 Appleby Line, a beautifully appointed unit that offers a perfect blend of comfort and modern living. Enjoy the luxury of vaulted ceilings that soar to 10 feet, creating an open and airy atmosphere throughout the home. The kitchen is a chef's dream, featuring stunning quartz countertops that add both style and functionality. With a layout that backs onto tranquil green space, you’ll experience peace and privacy in your own backyard. The building amenities elevate your lifestyle, including a well-equipped gym for your fitness routine, a spacious party room for entertaining, and a sauna for relaxation after a long day. The flooring has been updated within the last year, ensuring a fresh and contemporary feel. Conveniently located near local amenities and parks, this property offers everything you need for a vibrant and active lifestyle. Don't miss the opportunity to make this exceptional home your own! (id:51158)