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 $2,799,000

2501 #1 Side Road

Burlington, Ontario

4 Bedroom 4 Bathroom

Nestled on 1.66 acres of privacy, this charming property offers the tranquility of rural living with easy access to all essential amenities. Discover a spacious 4 bedroom, 1 storey home boasting approx 4,700 sqft of finished living space, accessible via a secluded 400ft paved driveway. Dbl car attached garage & a separate oversized detached garage. Thoughtfully upgraded & meticulously maintained, each room offers breathtaking views of the scenic landscaped grounds. The main flr features formal living & dining areas, a cozy separate family rm overlooking the pond & a modern kitchen with an eat-in area with complete privacy. Unwind in the spacious primary suite with a private patio or accommodate guests in the main flr study with an ensuite bathrm. Upstairs, find two well-sized bedrms, a main bathrm, and a versatile, unspoiled hobby room, additional study or a 5th bedrm. The lower lvl offers a recreation room, games room, along with a workshop and ample storage space. Benefit from geo-thermal heating and cooling, ensuring cost-effective comfort year-round. Enjoy the convenience of a driveway that can hold numerous cars, a large dble garage and a separate oversized single garage for all your toys and tools. Relax on a patio or simply enjoy the pond setting where this peaceful sanctuary allows you to unwind, destress and connect with nature. 2501 #1 Side Rd is more than just a place to live, it's a lifestyle in itself. Experience all the features this country home has to offer. (id:51158)
Homes for sale in Burlington

For sale $2,098,000

2060 Lakeshore Road Unit# 804

Burlington, Ontario

2 Bedroom 3 Bathroom 1624 sqft

Discover an unparalleled blend of lifestyle, location, and luxury in this stunning corner suite at the distinctive Bridgewater Residences on the lake in downtown Burlington. With approximately 1,655 square feet of opulent living space plus 523 square feet private terrace, this residence features expansive entertainment areas, two private bedrooms, 2.5 chic bathrooms, and four walkouts to three balconies with breathtaking lake views. Inside, every detail exudes elegance, from nine-foot ceilings, deep crown mouldings, and architectural columns to engineered hardwood floors, stone floor tiles and counters, pot lights and chic designer light fixtures. The living and dining areas, embellished with tray ceilings, crown mouldings, and floor-to-ceiling windows, offer walkouts to the terrace, while a linear gas fireplace adds warmth during winter. Stay connected to the action in the open-concept chef's kitchen, featuring contemporary cabinetry, under-cabinet lighting, stone counters, high-end appliances, and the large island, which is perfect for mingling with guests while entertaining. The 5-star hotel-style primary suite boasts a tray ceiling with a chandelier, perimeter pot lighting, and a walkout to the terrace where you can relax and enjoy the spectacular lake views. Pamper yourself in the luxurious 5-piece ensuite bathroom with heated stone floor tiles, a freestanding soaker tub and a glass shower. A second bedroom offers a private balcony and a lavish 4-piece ensuite bath. Completing this suite is an in-suite laundry room and elegant powder room. Enjoy the convenience of two underground parking spaces, although you'll seldom need your car as everything is within walking distance – from restaurants and cultural events to shopping and waterfront activities. The building's resort-style amenities include a rooftop patio, fitness centre, lounge, spa, indoor pool, and 24-hour concierge service. Your dream life awaits – welcome home! (id:51158)
Homes for sale in Burlington

For sale $525,000

5230 Dundas Street Unit# A428

Burlington, Ontario

2 Bedroom 1 Bathroom 574 sqft

Welcome to this super cute one bedroom plus den, 574 square foot condo in Burlington’s popular LINK building. Perfect for first time buyers or down-sizers, this condo has modern European finishes, vinyl plank flooring, a stainless-steel fridge, oven and range and convenient in-suite washer & dryer. Enjoy north views off the covered balcony overlooking the Niagara Escarpment. The LINK building offers all the amenities you could want: concierge, gym, party room, plunge pools, sauna and BBQ’s with sitting areas. The location can’t be beat, as it is just mere steps away from the biking and hiking at Bronte Creek Provincial Park and a short drive to QEW/403/407, Appleby GO station and tons of shopping, grocery and dining options. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $644,999

665 Francis Road Unit# 2

Burlington, Ontario

3 Bedroom 2 Bathroom 1218 sqft

Incredible opportunity for first time home buyers, renovators, or investors. This 3-bedroom townhouse-condominium features a spacious open concept living, 2 baths and a finished basement. Large kitchen features an abundance of storage and stainless-steel appliances. Patio located off dining space is quiet and private. Just minutes away from downtown Burlington,top rated schools,Mapleview Shopping Center, restaurants, and parks, with easy access to the skyway bridge. (id:51158)
Homes for sale in Burlington

For sale $3,499,900

335 Camelot Court

Burlington, Ontario

4 Bedroom 7 Bathroom 3086 sqft

Brand new, custom-built 3+1 bedroom, 6-bath home in South Burlington, ready just in time for Christmas. Whether you're seeking a serene family retreat or the perfect place to entertain, this property offers it all. Located in the prestigious Shoreacres neighborhood on a peaceful court, the home boasts a private, treed backyard. Set to be completed by December 2024. With approximately 5,500 sq ft of luxurious living space, the ceilings are 11 ft on the main level, 9 ft on the second level and 10 ft in the lower level. High end upgrades throughout. Landscaping package with a pool is also available. (id:51158)
Homes for sale in Burlington

For sale $1,498,900

504 Geranium Lane

Burlington, Ontario

4 Bedroom 3 Bathroom 2524 sqft

Nestled in the heart of Aldershot Central, 504 Geranium Lane offers a serene retreat amidst nature's trails. This two-storey residence spans 2,524 square feet, boasting 4 bedrooms and 3 bathrooms, perfectly suited for comfortable family living. As you step into the foyer, be greeted by soaring ceilings, setting the tone for the inviting atmosphere that permeates throughout. The main floor unfolds into an open-concept layout, thoughtfully designed for entertaining and family gatherings. Each room is generously proportioned, allowing for a seamless flow from one space to another. The bright eat-in kitchen serves as the heart of the home, featuring modern appliances and convenient access to the professionally landscaped backyard—a tranquil oasis where you can unwind amidst lush greenery. Descend to the basement, where entertainment awaits. A theatre room beckons with its retractable screen and ample space, perfect for hosting movie nights or cheering on your favorite team during game day parties. Whether you're seeking relaxation or recreation, this versatile space accommodates all your entertainment needs. Beyond its exquisite interior features, 504 Geranium Lane benefits from its prime location. Surrounded by nature trails, parks, and recreational amenities, you'll enjoy a lifestyle that seamlessly blends tranquility with convenience. With easy access to local schools, shopping, and dining destinations, every convenience is within reach. Don’t be TOO LATE*! *REG TM. RSA. (id:51158)
Homes for sale in Burlington

For sale $799,900

5029 Pinedale Avenue Unit# 64

Burlington, Ontario

3 Bedroom 2 Bathroom 1285 sqft

Welcome to this beautiful townhome located in the highly sought-after Pinedale area of Southeast Burlington. This home features a spacious living and dining room with hardwood floors, a beautifully updated kitchen with a walk-out to a private patio overlooking greenspace. There is also convenient access to the garage and a modern two-piece bathroom on the main level. Upstairs, you'll find three generously-sized bedrooms and an updated four-piece main bathroom. The fully finished basement offers a cozy recreation room and a laundry area. This home boasts great curb appeal and is in a premium location, just minutes from Appleby GO Station, highways, transit, parks, schools, trails, shopping, restaurants, and Lake Ontario. The townhouse complex also includes an outdoor pool and a playground area. (id:51158)
Homes for sale in Burlington

For sale $649,000

2081 Fairview Street Unit# 1803

Burlington, Ontario

2 Bedroom 737 sqft

Location, location, location!!!Beautiful unit in the master planned community at Paradigm, Commuter’s dream location within easy reach of all major highways QWE and 403, And steps to GO transit without the drawback of hearing or seeing the train. Close to many Grocery stores and Fairview Mall, 20 Minutes away to McMaster University. Enjoy captivating views of the lake, escarpment, and Burlington skyline from your private balcony with its south-east exposure. “Precedent” model luxuriously appointed with swank finishes and tasteful color choices. Chic white kitchen featuring quartz countertops and functional open concept design makes this unit among the most sought after in all of Paradigm. Take note of the stunning contemporary light fixtures throughout, high-end vinyl plank flooring engineered for durability and aesthetics, floor-to-ceiling windows bathing the space in sunlight, and convenient in-suite laundry. Sophisticated living in resort-like condo complex with unparalleled amenities. (id:51158)
Homes for sale in Burlington

For sale $749,900

2120 Headon Road Unit# 23

Burlington, Ontario

2 Bedroom 3 Bathroom 1174 sqft

Welcome to this rare 1+1 bedroom, single-story end unit in the desirable Headon Forest neighbourhood—perfect for down-sizers or those seeking easy, low-maintenance living. This meticulously cared-for end unit home features a bright, spacious main floor that starts with a large eat-in kitchen equipped with a gas stove, ideal for cooking enthusiasts. The open-concept living and dining area offers hardwood floors, a cozy fireplace. Enjoy a morning coffee or BBQ on your deck overlooking the forest. The oversized primary bedroom is a true retreat, boasting a luxurious 5-piece ensuite with both a deep soaker tub and a stand-up shower, providing a spa-like experience at home. Venture downstairs to the finished basement where you’ll find a generous rec-room with walkout access to the backyard, a second large bedroom that’s perfect for guests or older children, and an additional 4-piece full bathroom. There's also a versatile den, ideal for a home office or hobby space. Backed by a forest ravine with scenic walking trails, the home enjoys natural light throughout, creating a warm, inviting atmosphere. features 1 car garage and 1 car driveway with rare owned 3rd parking space for guests. With nearby grocery stores, restaurants, and shops, this property offers the perfect blend of convenience and tranquility. Don't miss the chance to make it your own! (id:51158)
Homes for sale in Burlington

For sale $3,895,000

212 Pine Cove Road

Burlington, Ontario

4 Bedroom 5 Bathroom 3600 sqft

A rare opportunity awaits in Roseland, one of Burlington's most prestigious lakeside communities. Impressive professionally landscaped 60.01’ x 161.67’ lot captivates with upgraded stone hardscaping, meticulously manicured perennial gardens & soffit lighting illuminates the property at night. The newly created backyard utopia features a huge, covered terrace with composite wood decking & gas fireplace overlooking the new pool & 2-level stone lounging & dining areas surrounded by mature trees & lush gardens. This custom residence offers 4 bedrooms, 4.5 bathrooms, & approximate total of 5,338 sq. ft. of luxurious, functional living space with countless upgrades such as 9’ ceilings, custom mouldings & trim, oversized doors, custom built-ins & cabinetry, white oak engineered hardwood floors, enchanting white oak staircase with glass railings, built-in surround sound, exquisite light fixtures & abundant pot lighting. The main floor features vast open-concept spaces for entertaining, including, a generous living room with a gas fireplace & 16’ Pella glass doors to the terrace & the stunning custom eat-in kitchen is a chef’s dream. Host formal gatherings in the separate dining room & work from home in the private office. Each of the 4 bedrooms boast lavish ensuite bath privileges, with the primary retreat offering a fireplace & a posh 4-piece ensuite bath with exotic wood cabinetry, marble floor tiles, freestanding soaker tub, & a separate glass shower. The recently completed lower level extends the living & entertaining space with a gigantic recreation/games room with a linear gas fireplace, an exceptional wine cellar with tasting lounge, a gym, & a 3-piece bath. Ideal location, just a few blocks from Lake Ontario's waterfront parks & in the highly rated Tuck/Nelson school catchment. A vast choice of amenities is a 5-minute drive including restaurants, trendy shops, Spencer Smith Park & Brant Street Pier & easy access to major highways & GO Train. (id:51158)
Homes for sale in Burlington

For sale $2,990,000

4457 Lakeshore Road

Burlington, Ontario

5 Bedroom 5 Bathroom 4959 sqft

This unique 5 Bedroom family home sits on a 70' x 209' lot in beloved South Burlington. Just in case you missed that - 70 wide x 209 deep! With 5 bedrooms and 3 Full bathrooms upstairs, we are talking about a welcoming home for families of all sizes. The setback from Lakeshore provides plenty of privacy, parking and curb appeal. The main floor includes a quiet office, expansive living and dining rooms, eat-in kitchen with a giant island overlooking the rear yard & pool, cozy family room with gas fireplace, bright sun room and discrete powder room. The recently renovated contemporary kitchen combines high end appliances with chef level functionality: double ovens including steam, induction cooktop and built-in matching fridge and upright freezer. Enjoy indoor outdoor living with sliding door walkouts to the summer retreat - hot tub, saltwater Marblelite pool, patio, perennial gardens and endless lawn for games and sports! The notable floor plan is seen again upstairs in the impressive primary suite with a custom walk-in closet, 4pc ensuite bathroom, sitting area and walk-out to its own private sun filled rear terrace. Four more generous bedrooms are found on this level, with a 5pc family bathroom and additional 3pc Jack and Jill bathroom. In the lower level, feel the endless space with the open recreation and games room including full wet bar and separate exercise space and the last of the updated full bathrooms (3pc). Lots of storage included. Totalling 4,959 sqft of living space and over 14,000 sqft of property at 4457 Lakeshore Rd you're getting a whole lot of home. Just steps away from the lake and esteemed schools. Be sure to come check out this extra special Shoreacres property! 2 Furnaces, 2 AC. Updated pool equipment and surface, gas and solar heat option. (id:51158)
Homes for sale in Burlington

For sale $2,695,000

823 Partridge Drive

Burlington, Ontario

4 Bedroom 4 Bathroom 4356 sqft

Breathtaking custom-built home situated in the prestigious north shore enclave of Burlington within walking distance to the Burlington Golf and Country Club. A quiet family friendly, tree lined neighborhood close to schools, go train and easy highway access. Built in 2016 and extensively renovated by the current owners including all new engineered hardwood floors, freshly painted throughout, new countertops and painted cabinetry, just to name a few. A formal foyer greets you as you walk through the front door, providing a clear sightline through the back of the home. A formal dining room connects seamlessly through to the bright and airy kitchen with large central island, top-of-the-line appliances and endless pantry cupboards. Located directly across from three sets of French doors – this space could not have more natural light! A perfect open concept living space for entertaining with the spacious great room located directly across from the kitchen. A convenient main floor office as well as a powder room complete the main level. The second level of this house features a large primary suite with oversized walk-in closet and spacious spa-like primary ensuite. The two additional bedrooms both have ample storage and share the oversized main washroom. A full-size laundry room is also found on this level. The fully finished lower level provides the extra space your family is looking for – a recreation room with custom built-in cabinetry alongside a wet bar with beverage fridge. The fourth bedroom has been utilized as a home gym, but could easily be converted back. The main bathroom is truly a spa with soaker tub and full size shower! Enjoy outdoor entertaining in the backyard with lovely hardscaped areas in addition to plenty of grass and low maintenance gardens. This is truly an outstanding home in one of the most sought-after locations in south Burlington. (id:51158)
Homes for sale in Burlington

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