|Price/sqft||$1,000-$1,400 per sqft|
|Studio Price/sqft||$400K – $500K|
|1-Bedroom Price||$600K – $750K|
|1-Bedroom + Den Price||$650K – $825K|
|2-Bedroom Price||$850K – $950K|
|3-Bedroom Price||$900K – $1.5 Million|
|1-Bedroom + Den Rent||$2,400-$2,850/month|
Burlington is in a great rise in prices for real estate properties. Although the sales have been down since 2017, the price structure in the town runs,
–Rise of the property prices by 11.6% in 2018.
– The prices of Detached homes increased to 5.9% as compared to October 2017.
– The prices of the townhomes remained approximately the same.
The real estate market in Hamilton-Burlington is showing a boost in average sales prices, except Niagara North that is seeing a drop in prices.
The new listing sales shows that the market trend is now shifted to favor the sellers than the buyers. This is because the rise of property sales are increasing to a great extent because of the natural beauty as provided by the city. The sellers earning is (above 60 %), or buyers’ spending is (below 40 %), which shows the market rate as 60.1 %. The realtors association in Hamilton-Burlington reported that more than 1000 residential properties located within the RAHB market are sold out in October 2018.
Living in Burlington Condo
The housing facilities here in Burlington are not only best to promote the standard of living but also in terms of affordability. The young professionals don’t need to worry to buy affordable Condo units anymore. The combined efforts of the developers like Carriage Gate Homes, Adi Development Group, etc., make the real estate market in Burlington blossoming in Canada.
This large city, with its economically strong Condo market, has become the hub of the Golden Horseshoe. A large portion of Burlington is driven by the manufacturing and automotive sectors. The population of the city rose by 183,000 in 2018 as compared to previous years because of its major transport system, high standard amenities, developed educational sectors, and world-class medical facilities. All these facilities promote the lifestyle and thereby, the standard of living of all the residents here.
Burlington Real Estate Market Trends
Burlington’s real estate market is seeing boon either in the prices or in selling. Although the sales have dropped a lot after 2017 because of the steady rise in the property prices, the price of the detached or single-family homes is following a plethora of constant rise.
The average sales price of the properties in the areas of Burlington, Hamilton, and Haldimand Country is increasing with an exception for Niagara North, the price of which is lowering with time. You can contact the local realtor here to get a reasonable quote for prices while making a decision to buy a property in Burlington.
Burlington Transit Options
If you are looking for the transit options that prevailed in Burlington Condos, it is even more convenient and well-connected to other regions. The homeowners can enjoy a wide variety of transit options such as trains, buses, private vehicles, etc. in Burlington. Being located at the Fairview St., the train stations offer fast and easy access to the nearby as well as faraway destinations. You can also choose GO bus station and Appleby train to travel from Fairview St. to ensure a convenient trip ahead. For nearby areas of the region, you can also opt for Aldershot GO train station to have speedy access.
Burlington also offers Major transport corridors such as Hwy 403, Hwy 407, The Queen Elizabeth Way and Dundas St. that run across the city, and much more. All these make the life of all the Condominiums comfortable and convenient to travel to Toronto and other regions.
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