Burlington
Burlington is a city present in Regional Municipality of Halton at the end of Lake Ontario, Ontario, Canada. Along the Milton to the northwest, it forms the end of the Greater Toronto Area. This city is also a part of the Hamilton metropolitan census area.
In 2019, a Maclean’s Magazine rated this Canadian city as the best community of Canada and also the best community for families in Canada. This rating was based on the factors such as commute, crime, culture, amenities, housing affordability and economy.
Real Estate Market Outlook for Burlington
The housing market of Canada depends on the prices of not only any house but it is particular about different construction styles. The most important ones in Burlington are detached homes, condominiums and townhomes.
A brief description of these construction styles is as follows;
The condominiums are the housing complexes. These are the large buildings with individual units. Each of the units in Burlington is owned individually. So, families prefer to live in these houses as these are more affordable and safer.
Townhomes are the terraced homes. These are present in rows in the streets of Burlington. These beautifully constructed houses have always been the attraction for the families worldwide and these are also quite affordable.
Current Burlington real estate statistics indicate that the average housing price of Burlington is around $1,027,128. The average housing listing is 708 in the last 28 days. The median days to sell a house in Burlington are 25 days.
Real Estate Market Analysis for Burlington townhomes – October 2022
The townhomes in Burlington are very affordable. According to real estate data of October 2022, a two-bedroom townhome is available for sale at the cost of $ 838K. This price was $841K about three months ago.
Similarly, a four-bedroom townhome is available for sale at $703K. This price was $1.1M about three months ago. This data has shown that there is a significant decline in the real estate prices. So, you can be an owner of a townhouse in Burlington at very affordable rates.
Let us have a look at townhomes that are available for sale in different parts of the city.
A three bedroom and three-bathroom townhome are available for sale at 1381 TREELAND ST, Burlington, Ontario. This beautifully constructed townhome costs only $ 874,900.
Another three bedroom and three-bathroom townhouse are available for sale at 547 ARLINGTON BLVD, Burlington, Ontario. You can be the owner of this townhome at the cost of $789,900.
Similarly, another three bedroom and two-bathroom townhome are available at 3 2001 ATKINSON Drive, Burlington, Ontario. This townhome costs only $ 859,900.
The townhome prices are different depending on the number of bedrooms and bathrooms and obviously on their location in Burlington.
From the above real estate data, you can easily predict that townhomes are very affordable to buy in Burlington. These were just a few examples. Number of townhomes at different affordable rates are available at different parts of Burlington.
