What’s Happening in the Burlington Real Estate Market?


It has been an active spring for sellers in the last few months. Listings have been moving quickly and sellers are benefiting from high market demand and shorter sale periods. The reduced inventory has decreased the number of properties sold in the Burlington area this spring, but prices continue to increase. The average sale price was up 7.6% in Burlington compared to April of last year. This is great news for local homeowners.

 

A notable change in the Burlington real estate market continues to be the increased activity within the condo market. Condominium sales are up over 18% compared to last year. Developer have turned their attention to the Burlington area as a desirable location for condo developments. Young professionals are drawn to Burlington because of its accessibility to transit, relatively affordable prices, and the vibrant downtown area. There are currently 16 new developments underway ranging from high rise apartment condos to low rise boutique style buildings. As the local condo market expands, re-sale properties are benefiting as well. Many buyers prefer the option of being able to physically see the property prior to purchasing it, and can select     an earlier closing date to meet their needs.

 

The Corporate Neighbourhood has seen the largest surge in growth in this market over the last five years. The landscape along Appleby Line just north of the QEW has been transformed into Burlington’s new “uptown” area. Several upscale condo buildings have been built and new restaurants and retail spaces have opened up in the area. Local residents now enjoy more amenities than ever within a close proximity to home.

 

As we head into the summer months, we expect inventory levels to rise. Buyers will have more to choose from, and the increase in listings could potentially reduce the number of competing offer situations. Mortgage rates will continue to remain at record lows and many lenders are offering highly competitive rates to capitalize on the spring and summer real estate market. If you are thinking of selling in the near future, allow our current seller’s market to benefit you and get the most out of the sale of your home. Please contact us to discuss the value of your property or how to find a


Our Story


We live here. We work here. We are moms. We are Realtors. Find out more.

Visit Our Story

Neighbourhoods


Finding the right Burlington Neighbourhood just got easier. Use our handy filters to sort “luxury”, “affordable”, “family friendly”, “best commute” and more!

Visit Neighbourhoods

Map of Burlington


Get yourself oriented. The map outlines the 20 distinct neighbourhoods that comprise this great city!

Visit The Map

Further Reading


Image Description

Third Time is a Charm! Burlington is Number #1 Again

Are you lucky enough to be living in Canada’s #1 midsize city? If you call Burlington “home” – congrats – we did it again! This week, MoneySense Magazine released their highly anticipated list of Canada’s Best Places to Live in 2015. For the third year in a row, Burlington has taken the top spot as … Continued

Image Description

10 Reasons Why Burlington Is a Great Place to Call Home

Homebuyers have many factors to consider when deciding on the ideal city to live in. After all, choosing the city is just as important as choosing the home itself. Living in Burlington has many benefits, and this beautiful city has so much to offer. A visit to Burlington’s lakeside downtown core is great way to … Continued

Recent Posts