Condominium Market Outlook for Burlington

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Burlington Ontario Condo

Burlington is quickly growing city in the region of Halton, Ontario. The real estate prices in this city are continuously rising year-over-year and the condos are mostly high on demand and there a lot of new developments which are planned, pre-construction and under construction.

 

Why people prefer live in Burlington?

There are number of solid reasons that’s why one should buy a property and live in Burlington, the most common reasons are its beautiful scenic views, lake views, park views and appropriate climatic conditions along with this one can find better education, can settle business and get jobs in the city easily, the other reasons are its developments and condominiums that will overlook the water.

 

Average condo price:

Burlington condos are high in demand in the region, in the last year average selling price for the pre-construction condos for sale in Burlington was $391,950 which was up 11.4 per cent from 2018. Average rental rate is $2,100 and vacancy rate sit at 0.6 per cent presently. For all home types in the city average resale price is around $766,777 presently and average resale appreciation rate is 7.4 percent. The prices are increasing continuously to 9 per cent year-over-year. The price for the Condo Apartment Units starts from $200,000 to over $2,000,000

 

Condos in Burlington:

There are tons of new developments and number of new listings for the condos in Burlington but some of them will be discussed here for your sake. Affinity East Condos is a new condo development by Rosehaven with total number of stories 6. This development is surrounded by greenery and marvelous amenities. There are a lot of reasons why one should choose this place to live in excellent location which is surrounded by numerous restaurants, schools, outdoor spaces and stores. Bridgewater Residences located on the Lake is a project by New-Horizon. It is a new development at Lakeshore Rd & Brant St, Burlington. It has total of 22 stories with stunning interior designs by Brain Gluckstein. This development is only few steps away from Lake Ontario, dinning, Waterfront Trail, shopping and parks.  This development is estimated to be on the top 5 investors watchlist in Burlington.

 

Nautique Lakefront Residences is amazing new condo development at Martha St & Lakeshore Rd, Burlington, by ADI. This development is planned with 170 residences will include retail units and underground parking units (218). The total number of stories are 28. Nearby by this development you can find offices, bars, cafes, parks and beautiful lake views. Gallery Condos and Lofts by Carriage Gate Homes, a new development with total 23 stories at Brant St & James St, Burlington. It is present in the heart of Downtown, near the number of lifestyle amenities, waterfront living, easy access to Burlington Transit and easy access to the highway. Illumina Condos by Molinaro at Brock Avenue & Ontario St, Burlington. There are total number of 21 stories, with amazing waterfronts, easy highway access, near to numerous restaurants, boutiques and entertainment, easy access to Go Train services that helps commuters to travel into Union station within minutes.

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