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Burlington

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Nestled along the shores of Lake Ontario, Burlington is a gorgeous city that’s part of the Hamilton metropolitan area. Known for its picturesque waterfront, lush parks, and vibrant downtown area, Burlington offers a high quality of life for residents.  Here, you’ll be spending weekends exploring over 127 parks and trails and raising a family in a safe environment with top-rated schools. If you’re looking for your new dream home from among new condos in Burlington, there’s a good chance you’ll find just what you are looking for here. 

Burlington Pre-Construction Condo Market Trends 2024

According to the Toronto Regional Real Estate Board (TRREB), the average price for new condos in Burlington is $661,563. The average price for new homes in Burlington is $1,158,109. The average rental rate for all bedroom counts and property types is $2,540. The current average price per square foot for pre-construction condos in Burlington and other real estate properties is $960. Detached homes typically stay on the market for 16 days to sell. Condos have an average selling period of 30 days. Townhouses for sale in Burlington have an average market time of 19 days.

Pre-Construction Condos & Homes in Burlington

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Reasons to Invest in New Condos in Burlington

Welcoming Community and High Quality of Life

New homes in Burlington have access to excellent schools, many gorgeous parks, and a strong sense of community perfect for raising a family. The city has an impressive reputation for its happy residents, 95% of whom rate their experience in Burlington as “Good” or “Excellent!” Plus, Burlington has been recognized as a safe place to live with a low crime rate (Crime Severity Index of 23.95) for a long time now, bringing additional peace of mind to its future residents.

Access to Nature and Outdoor Activities

The city boasts many green spaces, perfect for outdoor enthusiasts and those seeking relaxation in nature. In fact, new builds in Burlington benefit from one of the biggest, most radiant green spaces of any city in the province (1,436 acres of parkland, to be exact). Enjoy biking, hiking, kayaking, or simply spending time by the water and exploring the shoreline – Burlington has something for everyone!

Economic Opportunities and Proximity to Major Cities

It’s well known that Burlington’s diverse economy is thriving in sectors like advanced manufacturing, technology, and life sciences. One of the reasons that townhome developments in Burlington sell out so quickly is that the city ranks 23rd out of over 200 cities in a major award for Cities of the Future for Foreign Direct Investment Strategy. Plus, Burlington’s location in the GTA provides easy access to all of Toronto’s cultural, entertainment, and employment possibilities. It comes as no surprise that commuting to Toronto is a breeze thanks to the city’s access to major highways and excellent public transportation options like GO Transit and Burlington Transit.

Burlington Rental and Seller Market 2024

Rental Market 

As of June 2024, the median rent for all types of new developments in Burlington sits at $2,540. 

Sellers Market

As reported by the Toronto Regional Real Estate Board (TRREB), the average cost of a new condo in Burlington is $661,563, while the average price for a new home in the city is $1,158,109.

Average Renting and Selling Time in Burlington

-New Condos 

Renting Time for Condos: Renting time for new condos in Burlington takes from a few days to two weeks. 

Selling Time for Condos: Data shows that the average days on the market (LDOM) is 30 days, meaning properties are moving relatively quickly.

-New Homes

-Renting Time for Homes: Residents find and rent new Burlington homes in less than 14 – 30 days on average.

-Selling Time for Homes: New homes in Burlington are sold in an average time of 16 days on the market.

Neighbourhoods

North Burlington

North Burlington is growing quickly with residential developments, big-box stores, and commercial plazas. If you’re looking for affordable and growing communities with beautiful nature, consider Northern Burlington neighbourhoods.

1. Millcroft

  • Highlights: Spacious homes with large yards, great education, double car garages, proximity to golf courses and pet stores.
  • Perfect For: Growing families looking for ample space and a community feel.

2. Corporate

  • Highlights: Trendy atmosphere, convenient access to shops, restaurants, and entertainment.
  • Perfect For: Young professionals seeking a modern lifestyle with a strong sense of community.

3. Branthill

  • Highlights: Peaceful atmosphere, excellent schools, abundance of parks, close proximity to the 407 and Niagara Escarpment.
  • Perfect For: Families with children seeking a safe and nurturing environment.

4. Orchard

  • Highlights: A relaxed suburban neighbourhood with attractive hiking, camping, and fishing opportunities, close to Burlington’s cultural hubs. 
  • Perfect For: Nature and outdoor enthusiasts, community-oriented individuals, commuters, young and growing families. 

Central Burlington

Central Burlington is the heart of the region with a busy downtown core and easy access to modern shops, trendy restaurants and pubs, and historical landmarks like the Burlington Performing Arts Centre.

1. Central (Downtown Burlington)

  • Highlights: Lively downtown core, great shops and restaurants, walkable streets.
  • Perfect For: Young professionals, and urban enthusiasts seeking a lively atmosphere and convenient access to amenities.

2. Palmer

  • Highlights: The mature tree-lined streets, large lots, spacious homes, and top-ranked schools, a desirable location for families.
  • Perfect For: Families, young and mature households, those seeking a quiet, suburban lifestyle.

South Burlington

Southern Burlington neighbourhoods have a more suburban feel with established neighbourhoods and newer developments. This side is more popular with retirees and families thanks to its excellent schools, parks, beaches, and a slower pace of life.

1. Appleby 

  • Highlights: A prestigious area, waterfront tranquillity, walkability, and reliable public transportation.
  • Perfect For: Lakeside lovers, families, and young professionals.

2. Dynes

  • Highlights: Affordable housing options, convenient access to Burlington Mall and farmer’s market.
  • Perfect For: Value-conscious individuals, downsizers, retirees looking for the rural charm close to urban amenities, and families.

3. Shoreacres

  • Highlights: Breathtaking lake views, established community, excellent education, and variety of housing options.
  • Perfect For: Families with small children, nature lovers, downsizers seeking luxury, and young professionals who enjoy nature.

4. Elizabeth Gardens

  • Highlights: Affordable waterfront living, easy lake access, proximity to Bronte Harbour’s shops.
  • Perfect For: Budget-conscious individuals, DIYers seeking restorable homes, families who crave a waterfront lifestyle.

Pros of Living in Burlington

  • Thriving Arts and Culture: The city of Burlington has many great galleries, theatres, and performance venues that put local and international talent on show. Throughout the year, the city comes alive with vibrant festivals celebrating everything from art and music to jazz and cultural cuisine.
  • Farm-Fresh Flavours: Burlington takes pride in its local food scene. Farmers markets brimming with fresh produce connect you with local growers, and local restaurants give you a taste of global flavours or farm-to-table delights.
  • Nature at Your Doorstep: Burlington’s extensive network of trails, parks, and green spaces means there are ample opportunities to connect with nature. Hike or bike along scenic trails, explore the waterfront or simply relax in a nearby park. You can also adventure beyond the city to visit Niagara Escarpment or the nearby Bronte Creek Provincial Park for a day of hiking, camping, or fishing.
  • Talent Pool: Burlington boasts a strategic location within a 45-minute commute of a highly educated talent pool of over 2 million people. This, combined with regional and international transit hubs, makes it an ideal location for companies seeking a skilled workforce and easy access to major markets.
  • Families First: The city’s excellent schools, parks, and recreational facilities all create a nurturing environment for children to thrive. This is one of the reasons new pre-construction condos in Burlington are so popular among buyers.
  • Canadian Flora: Burlington’s unique Royal Botanical Gardens, the largest botanical garden in Canada, is a piece of heaven on earth! Designated as a national historic site, these sprawling gardens are home to over 234,000 plants representing 6,800 taxa (unique types).

Cons of Living in Burlington

  • Housing Market: While Burlington offers some affordable options, the overall cost of new homes in Burlington can be higher than in some surrounding areas. Plus, Burlington’s housing market can be competitive, with property values on the rise. This may pose a challenge for first-time homebuyers or those on a tight budget.
  • Traffic Congestion: During peak hours, traffic congestion can occur, particularly around major roads and highways. Factor this in if commuting is a major concern.

FAQs About New Condos and Homes in Burlington

Is Burlington's new condos for sale expensive to live in?

Burlington’s housing market is competitive, and the overall cost of living can be higher than in some surrounding areas. However, the city offers a good variety of housing options and there are ways to be budget-conscious.

What amenities can I expect in new homes for sale in Burlington?

Living in Burlington means guaranteed easy access to everyday amenities from medical centres and schools to golf clubs and community centres. Plus, many newer communities are designed with walkability in mind and are built near parks and trails, shopping centres, and public transit options.

What is the average price of new condos in Burlington?

The average price of new condos in Burlington can vary depending on size, location, and features.  A ballpark estimate would be in the range of $500,000 to $800,000 or higher. It’s important to research specific developments to get accurate pricing.

Is it a good investment to buy a pre-construction condo in Burlington?

Whether a pre-construction condo is a good investment depends on your individual circumstances and risk tolerance. Consider your investment’s potential for appreciation, neighbourhood, and construction delays on top of seasonal market fluctuations.

Is now a good time to sell homes in Burlington?

The Sales to New Listings Ratio (SNLR) is an indicator that compares the number of sales to new inventory listed within a certain period. In Burlington, the SNLR for all property types was 51.5%, indicating a balanced market with equilibrium between supply and demand. To make the best and most informed decision, contact us for personalized advice.

What is Burlington known for?

Burlington is known for its beautiful waterfront location on Lake Ontario, its charming neighbourhoods, its thriving arts and culture scene, and its strong sense of community.

Is Burlington a safe place to live?

Yes, Burlington is known to be a safe place to live for homeowners and renters. On top of the overall lower crime rates, violent crimes in Burlington specifically are 32% lower than the national average. This means you can feel even more secure when going about your daily life.

What are the best neighbourhoods in Burlington for families?

Brant Hills, Millcroft, Orchard, and Elizabeth Gardens are popular choices for families due to their quiet streets, good schools, and parks.

Where can I find the most affordable condos for sale in Burlington in Burlington?

You can find the most affordable condos for sale in Burlington in Dynes, Corporate, and Mountainside.

Which Burlington neighbourhoods are good for waterfront living?

Elizabeth Gardens and Appleby offer beautiful waterfront living with easy access to the lake for those looking for beautiful lakeside pre-construction homes in Burlington.

How close is Burlington to Toronto?

Toronto is just a 42-minute vehicle commute away from Burlington, offering access to big-city experiences and employment opportunities.

Is it easy to commute with public transportation in Burlington?

Public transportation in Burlington is not as extensive as in some larger cities.  Burlington Transit provides bus routes, but depending on your location and destination, it might not be the most convenient option.  The city is investing in improving its transit system, so this could change in the future.

How much down payment is needed for a condo in Burlington?

The down payment for a Burlington condo depends on its price: 5% for under $500,000, 10% for $500,000-$1 million, and 20% for pricier options.

How can I stay updated on new condos for sale in Burlington?

For the latest information and a possible advantage in finding your dream property, consider signing up for our newsletter. We provide unique insights and knowledge that may not be available on general real estate websites.

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