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$629,900

657 Francis Road Unit# 3

Burlington, Ontario

3 Bedrooms2 Bathrooms1318 sqft

A fantastic opportunity awaits first-time homebuyers or investors, with this 3-bedroom townhouse offering approx. 1,300 sq ft of living space. The spacious, open-concept layout includes 2 bathrooms and a finished basement. The private and quiet patio extends from the dining area. Just minutes from downtown Burlington, Mapleview Shopping Centre, restaurants, Hospital, and parks. Close to the lake, and providing easy access to highways, this home offers both convenience and comfort. (id:51158)

For Sale$1,925,000

509 Elizabeth Street Unit# 4

Burlington, Ontario

3 Bedrooms2 Bathrooms2495 sqft

Executive luxury townhome located in the heart of Downtown Burlington. You will be amazed by the Attention to detail and quality lifestyle in this 5 level home, equipped with an elevator that accesses every level. Each level creates a space that will be enjoyed from the lower lever media room/ gym and Guest suite with complimenting 4 piece washroom . The main entrance has a spacious office and 2 piece washroom allowing a comfortable working from home lifestyle that also creates private access from rest of living space to your clients if required. The main living area is an open concept with large dinning area open to gourmet kitchen , 14' island flowing into to Great room with gas fireplace and walk out to terrace. The open-concept plan makes entertaining a breeze. The second level has the primary bedroom with wall-to-wall closets, sliding glass doors to a Juliette balcony and a 5pc ensuite bath and walk-in closet. The second bedroom on this level has its own 3pc ensuite bath and floor to ceiling window overlooking the front yard. The third level features a fabulous roof-top deck with west exposure and a hidden complimenting entertaining room hidden behind a Harry Potter book shelf. Be sure when you view not to miss this hidden room that has a wet bar and fireplace. The car enthusiast will enjoy the 3 car garage with a second inside entry to office level. Ideally located within walking distance to Downtown Burlington's many restaurants, shops, art gallery, hospital..... (id:51158)

For Sale$565,000

1116 Homewood Drive Unit# 1

Burlington, Ontario

2 Bedrooms2 Bathrooms1131 sqft

Welcome to #1-1116 Homewood Drive, a charming 2-bedroom, 2-bath townhouse nestled in the sought-after Mountainside neighborhood of Burlington. This end-unit home boasts approximately 1,273 sqft. of thoughtfully designed finished living space, perfect for first-time buyers, downsizers, or investors looking for a great location. Step inside and you'll be greeted by a bright and inviting living space ideal for both relaxation and entertaining. The kitchen offers a breakfast area and sliding door walk-out to a private fully fenced backyard—perfect for outdoor dining, gardening, or a safe play area for kids and pets. One of the highlights of this home is the newly remodeled basement, adding extra finished living space that can be used as a recreation room, family room, or home office. Basement features a 3-pc bathroom and laundry space. With two well-sized bedrooms upstairs, along with a spacious 4-pc bathroom. You’ll have plenty of space to unwind. This townhouse comes with two dedicated parking spaces, making day-to-day life easy and stress-free. Located just minutes from parks, schools, shopping, restaurants, downtown Burlington and highways, this property offers the perfect combination of quiet suburban living with easy access to everything Burlington has to offer. (id:51158)

For Sale$389,900

100 Burloak Drive Unit# 2505

Burlington, Ontario

1 Bedrooms1 Bathrooms806 sqft

Welcome to Hearthstone by the Lake Retirement Community – where independent living meets convenience and comfort. Whether you prefer to maintain a fully independent lifestyle or take advantage of the community's extensive amenities, this unit is the perfect place to call home. The spacious, open-concept layout features 9-foot ceilings and large windows, allowing for plenty of natural light. Enjoy preparing meals in the full kitchen, hosting family in the separate dining room, or relaxing in the expansive living room, which opens onto a private, treed balcony with a serene NorthWest exposure. The generously sized bedroom includes a walk-in closet, and the convenience of in-suite laundry adds to the ease of living. This unit also comes with an underground parking space and a private locker for extra storage. As part of the Hearthstone community, you will benefit from a range of amenities included in your Hearthstone Club Fee including monthly housekeeping (1 hour), a $250 meal/dining credit (incl tax), shuttle service for local transportation, on-site handyman services, 24-hour emergency nursing and an emergency call system, Concierge and wellness centre offering an exercise room, indoor pool, and games room, cozy library and dining lounge, both complete with fireplaces. Residents can also relax in the beautifully landscaped grounds, complete with a courtyard, outdoor patio areas, and a charming gazebo. Plus, all of this is just steps away from the lake, offering you a peaceful lakeside lifestyle. Hearthstone by the Lake offers the perfect blend of independence and support, creating an ideal environment for your retirement years. Experience comfort, convenience, and community—all in a stunning location! (id:51158)

For Sale$525,000

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$618,500

320 E Plains Road E Unit# 207

Burlington, Ontario

2 Bedrooms1 Bathrooms709 sqft

Beautifully finished 1 bed plus den in the modern Rosehaven built AFFINITY buildings in sought-after, amenity rich Aldershot. This wide, open concept model features an abundance of white, extended height cabinets in kitchen and quartz counter. Gorgeous, wide plank beautiful, laminate throughout! Stainless appliances, and freshly painted in neutral tones. Den currently used as a bedroom featuring a stylish, glass, loft sliding door. Convenient storage locker on same floor, and a bike mount lock up on main floor. Enjoy stunning sunsets on your west facing spacious, private balcony-and if you want the full view of the Escarpment just head up to 6th floor party/games room for full, expansive view while playing pool or watching a movie or even better, head outside onto the patio for bbq, with a fire pit lounge area and view of the lake. Location is a commuter's dream with quick, easy access to Aldershot Go/403/QEW and minutes away from lovely downtown Burlington. (id:51158)

For Sale$629,900

100 Burloak Drive Unit# 1310

Burlington, Ontario

2 Bedrooms2 Bathrooms995 sqft

Retire in style at Hearthstone by the Lake. This two bedroom, two bath unit is approximately 995 square feet and has an updated full kitchen, insuite laundry and hardwood flooring. Live independently or make use of the many amenities available on the property including dining room, wellness centre (with 24/7 medical staff), library, lounge, gym (including scheduled exercise programs), indoor pool etc. Each unit comes with one underground parking spot and a locker. The monthly Club Fee provides a dining room credit, an hour of housekeeping, 24 hour emergency nursing, emergency call system, etc. (id:51158)

For Sale$1,849,000

1477 Lakeshore Road Unit# 301

Burlington, Ontario

3 Bedrooms2 Bathrooms1976 sqft

Stunning 2-bedroom PLUS den, 2 full bath condo in the heart of downtown Burlington! Approximately 2000 square feet PLUS an incredible 1300 square foot TERRACE! This unit has been COMPLETELY renovated and includes 2 underground parking spots and an oversized locker! This unit boasts an incredible open concept floorplan with smooth 9 ft ceilings throughout. There is a custom kitchen, 2 renovated bathrooms, pot lights, automated window treatments, wide-plank engineered hardwood flooring and updated trim/doors/fixtures/crown moulding throughout! The eat-in kitchen features custom white cabinetry, quartz counters and gourmet stainless appliances including a built-in double wall oven, microwave, induction cook top and wine fridge! The kitchen opens to the oversized dining/family rooms which feature beautiful downtown views and access to both the terrace and balcony! There is also a sunroom and laundry/storage area. The primary bedroom includes a large walk-in closet with custom organizer and an incredible spa-like 5-piece ensuite with heated flooring, a large glass shower and separate soaker tub. The 3-piece main bath features a large walk-in shower and heated flooring! There is also a large 2nd bedroom and separate office/den with custom built ins! The massive terrace features 3 separate entrances and a gas BBQ hookup! Building amenities include a rooftop pool/patio/BBQ area with incredible views, a gym & steam room, hobby room, indoor golf net, party room/lounge & billiards! (id:51158)

For Sale$1,599,998

4264 Vivaldi Road E

Burlington, Ontario

4 Bedrooms4 Bathrooms3072 sqft

Exceptional, Welcome to this meticulously executive home in Alton Village! Fabulous detached home with double door entry leads you to the welcoming foyer and open concept floor plan with high ceilings. Almost 3,000 sq feet of living space including fully finished basement featuring extra bedroom, full bathroom, built in closets and extra storage. Beautiful family room with gas fireplace and loads of natural light opens to large dining area. Spacious custom kitchen with quartz counters, S/S appliances, valence lighting, pot lights, large island and walk-out to yard. Stunning hardwood staircase leads you upstairs. The second floor features the Family room, you'll also find 4 generously sized bedrooms , primary bedroom, complete with a spa-like ensuite, closets, providing the perfect sanctuary to unwind after a long day. On this floor, a conveniently located and spacious laundry room. The residence is ideally situated in close proximity to all of life's necessities. Easy access to major highways, 403, 407, Plus, it's located near reputable schools and parks, Golf course, shopping plaza's making it an idyllic choice for families or young professionals seeking a blend of comfort, convenience and luxury! you'll enjoy the tranquility of suburban living while being just moments away from the vibrant amenities of Burlington. (id:51158)

For Sale$2,400,000

939 Teal Drive

Burlington, Ontario

5 Bedrooms4 Bathrooms2219 sqft

Custom built designer home in sought after ‘Birdland’ in South Aldershot! This 4+1 bed, 3.5 bath home is the epitome of luxurious modern living. Impressive millwork and built-ins throughout, white oak flooring, and heated floors on all tiled surfaces. The focal point is the gourmet kitchen with 14ft island, gas fireplace, Jenn Air appliances, pot filler and incredible custom Oak hood. Step through the french doors to one of 2 serene backyard spaces. Upstairs the impressive details continue with 2 of the bedrooms featuring vaulted ceilings with beams, custom closets throughout and a full bath with double vanity. The primary bedroom boasts a walk-in-closet, coffee station w/sink and impressive 5-pce ensuite bath with Biagio Italian soaker tub and his/her showers! Convenient mud rm off the garage is perfect for backpacks and coats at the end of the day. Fully finished lower lvl offers a 5th bedroom with ensuite (ideal nanny or in-law suite!), rec room, walk-in wine cellar and wet bar. The mechanicals on this home are just as impressive as its design! A few notables include spray foam insulation, heated garage with EV charger and epoxy flooring, new 200amp panel, upgraded 1” water line from the street, 3 separate gas lines along the perimeter of the home, and fully waterproofed foundation. Enjoy the tranquillity of the neighbourhood with its gorgeous tree canopy and proximity to the waterfront and Burlington Golf & Country Club. Close to downtown, shopping GO Train, and schools. (id:51158)

For SaleOPEN HOUSE$2,595,000

2159 Britannia Road

Burlington, Ontario

4 Bedrooms5 Bathrooms3537 sqft

Welcome to Your Country Retreat: A Spacious 5-Bedroom, 5-Bathroom Home! Nestled in the countryside of North Burlington, this exceptional home offers the perfect blend of comfort and versatility for multi-generational living or large gatherings. With five generously sized bedrooms and five well-appointed bathrooms, this home ensures ample space and privacy for everyone. Two of the bedrooms feature luxurious en-suite bathrooms, making them ideal for multiple families or guests. The large mostly finished basement adds even more flexible space, catering to a variety of needs or hobbies. The heart of the home, the great room, boasts expansive windows that overlook a sprawling backyard with lush gardens and an inviting saltwater pool retreat. Step beyond the backyard and further immerse yourself in nature with seamless access to the scenic Bruce Trail. Entertainers will appreciate the 3-car garage and the long driveway, providing abundant parking space for family and friends. Experience the tranquility of country living while enjoying the convenience of modern amenities in this remarkable property. Don’t miss the opportunity to make this unique home yours! (id:51158)

For Sale$1,049,900

1237 North Shore Boulevard E Unit# 903

Burlington, Ontario

2 Bedrooms2 Bathrooms1600 sqft

Discover luxury living in this beautifully renovated 2-bedroom, 2-bathroom condo, perfectly located in the heart of Burlington, steps from Spencer Smith Park. This spacious 1,600 sq. ft. unit boasts breathtaking lake views, 10’ ceilings, and a custom professional renovation completed in 2020, featuring upgraded hardwood floors, modern tile, premium fixtures, and a sleek kitchen with top-of-the-line appliances. Enjoy the convenience of remote-controlled blinds, fresh paint throughout, and 2 brand-new A/C units under warranty for added peace of mind. Step out onto your private balcony to enjoy the serene surroundings, or take advantage of the building’s first-class amenities, including an outdoor pool, BBQ area, gym, sauna, party room, and newly renovated common areas (2023/2024). This unit also comes with one parking spot and a locker for extra storage. Don’t miss the opportunity to call this luxurious condo with lakeside living your new home! (id:51158)