Houses for Sale in Burlington, ON

Burlington's most popular neighbourhoods are Brant - Burlington, Orchard - Burlington and Milcroft. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. The average sale price, average days on market, and the percentage of properties that have sold over asking are just some of the factors used to determine popularity.

Burlington's most priciest neighbourhoods are Shoreacres, Roseland and Rural Burlington. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. If you're looking for value, Burlington's priciest neighbourhoods may not be ideal. Instead, check out Dynes, Elizabeth Gardens and Orchard - Burlington for other alternatives.

The most affordable neighbourhoods in Burlington are Corporate Drive, Mountainside and Brant Hills. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Overall, houses in Burlington are selling for an average of $1,398,446.

One of the carrying costs associated with homeownership in Burlington is your property tax. This tax is used to pay for several essential services, including garbage and recycling collection. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. To determine how much property tax you'll pay, the city will multiply that tax rate by your home's current market value - which can fluctuate year-to-year depending on the value of neighbouring properties. This is why it's not necessarily correct when Burlington homeowners assume that the bigger their house, the more they'll pay. For example, if the assessed market value of a house is $750,000 and the property tax rate is 0.5% - the homeowner would pay $3,750 to their municipality that year.

Strata.ca features all listings in Burlington, updated multiple times daily - you won't ever miss a property when using this platform. In addition to listing details, imagine having the ability to search historical data for every property in Burlington. This kind of intel can give you an edge in the local market.

With a walk score of 36, Burlington residents can access some amenities on foot. But for the most part, they need a car to get around. The transit score, meanwhile, is 37, indicating that this city offers a notably smaller public transportation network. Last but not least, Burlington's bike score is decent, at 61.

All buyers must pay a series of closing costs when purchasing a house here. Your realtor and/or real estate agent can best advise on what these charges are. But here's a quick overview of what's involved when buying property in Burlington. When searching for a house in Burlington, buyers will typically take into account 1.5% - 2% of their budgeted purchase price for closing costs. For instance, 2% in closing costs on a $500,000 house would be $10,000. Because these charges cannot be lumped into your mortgage, it's crucial to have this money upfront upon closing. A significant portion of your closing costs will be dedicated to the land transfer tax. These taxes are based on a percentage of the total purchase price. First-time homebuyers could be eligible for a government rebate - your real estate lawyer can help you apply for this rebate at the time of closing. Finally, a Burlington real estate lawyer will be necessary to conduct a title search, arrange title insurance, plus register the home under your name. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.