What types of mortages are available and how can I get pre-approved?

In Burlington, both fixed-rate and variable-rate mortgages are available. To get pre-approved, you should review your finances, collect necessary documents (like proof of income), and contact a local bank or mortgage broker for application. Note, pre-approval helps to understand how much you can borrow and locks in an interest rate for a period, usually 90 to 120 days.

How can I get a home inspection in Burlington?

To get a home inspection in Burlington, you can start by searching for local home inspectors online. Look for professionals with certifications from recognized associations like CAHPI or InterNACHI. It's crucial to check reviews and verify their credentials before hiring. After selecting an inspector, contact them directly to schedule an inspection. Prices may vary, so inquire about their rates upfront.

How can I verify the safety and crime rates in a particular Burlington neighborhood?

To verify safety and crime rates in neighborhoods of Burlington, visit the Halton Regional Police Service's website. They offer a Community Crime Map that allows users to view specific data on crimes in various areas of Burlington. Additionally, for comprehensive safety reviews and community advice, consider checking platforms like AreaVibes (http://www.areavibes.com) for neighborhood safety scores and crime rate comparisons.

What is the process of purchasing a property in Burlington?

In Burlington, purchasing a property typically begins with obtaining a pre-approval for a mortgage, followed by hiring a real estate agent. You then search for properties, make an offer, complete a home inspection, and finalize the deal with your lawyer who helps handle the closing process. Final steps include securing homeowners' insurance and taking possession of the property on the closing date.

Property for sale in Burlington, Halton

What are the property taxes in Burlington, Halton and are there any other ongoing costs I should consider?

In Burlington, property tax rates vary based on property type, but in 2023, the residential rate is 0.77%. Additional costs to consider include utilities, home insurance, and maintenance fees, if applicable. It's essential to budget for these ongoing expenses to get a complete picture of homeownership costs. For specific rates and detailed information, please consult local resources.

What types of upfront costs and fees will I have to pay when purchasing a property in Burlington, Halton?

In Burlington, you'll encounter several upfront costs when purchasing property. These include a land transfer tax (1.5% on average), legal fees (approx. $ 1,500 CAD ), inspection fees (around $ 500 CAD), and a possible mortgage insurance fee if your down payment is less than 20%. These costs vary, so it's essential to budget for them accordingly.

How does the Burlington, Halton property market compare to ther regions in the Canada?

The City of Burlington's average property price ($ 1,047,745 CAD ) is higher than in cities like Calgary ($ 489,000 CAD ) but lower compared to Vancouver ($ 1,261,100 CAD ). Burlington offers a balanced market with stable prices suited for those seeking proximity to Toronto and a family-friendly atmosphere. (Prices as of 2023).
- Calgary: creb.com/
- Vancouver: rebgv.org/
- Burlington: rahb.ca/

How competitive is the Burlington, Halton property market?

The property market in Burlington, Canada, is highly competitive, characterized by limited inventory and high demand. As of February 2023, the average sale price for a home reached roughly $ 1,207,832 CAD , reflecting a market where properties frequently sell above asking price and listings don’t stay long on the market. This exemplifies the city’s strong appeal and competitive housing landscape amidst ongoing demand.

544 Property for sale in Burlington, Halton listings are price checked

Listings from condos.ca, torontocondoteam.ca and 11 more

4848 COLUMBUS DR Burlington, Ontario

431 PATRICIA Drive Burlington, Ontario

4276 VIVALDI RD Burlington, Ontario

4202 1 Side Road Burlington, Ontario

1360 Fisher Avenue Burlington, Ontario

5210 THORNBURN Drive Burlington, Ontario

3 Bedrooms in Burlington

2055 UPPER MIDDLE Road, Unit #1209 Burlington, Ontario

3119 WALKERS Line Burlington, Ontario

4304 FORSYTH BLVD Burlington, Ontario

3202 CENTENNIAL DR Burlington, Ontario

Hearthstone Haven: Lakefront 1BD Den

2979 GUIRE COMMON Burlington, Ontario

4665 Huffman Road Burlington, Ontario

4671 MCLEOD Road Burlington, Ontario

3951 KOENIG RD Burlington, Ontario

3352 Spruce Avenue Burlington, Ontario

4768 DEFOREST Crescent Burlington, Ontario

3111 FERGUSON DR Burlington, Ontario

2 Bedrooms - Burlington, Orchard

1 1 Bedroom in Burlington

2165 ITABASHI Way, Unit #75 Burlington, Ontario

4006 KILMER Drive, Unit #207 Burlington, Ontario

5220 Dundas Street, Unit #D316 Burlington, Ontario

Related searches