Burlington
Burlington is a city located in Regional Municipality of Halton at the northern end of Lake Ontario Canada. The world’s most popular Royal Botanical Gardens is the top attraction of Burlington and a must for passing through or visiting the city.
This city boasts a very high quality of life with so many cultural and recreational opportunities for its visitors and residents. One of the reasons for the city’s popularity is its affordable housing.
Real Estate Market Outlook For Burlington
In Burlington, about half of the dwellings are the single family detached houses and the remaining are mainly townhomes and large apartment buildings. Burlington is primarily composed of 4 or more bedrooms and 3-bedroom houses.
Homeowners make roughly 3 quarters of units in Burlington and 1 quarter are rented. About one third of the homes in this part of Greater Hamilton metropolitan area were actually built between 1960s and 1980s, while the majority of remaining residential buildings were constructed between pre-1960 and in 1980s.
The real estate market depends on the rates of different construction styles in the city. The most important ones are residential buildings, single family attached/detached houses, condominiums and townhomes. If we define these townhomes and condominiums in one word then townhouses are the terraced houses while condominiums are residential units.
Real Estate Market Analysis for Burlington Condominiums- October 2022
Condominiums are complex residential units in which each housing unit is owned individually. People like families in these housing units. Individuals settle in Burlington, prefer to live in these houses as they feel safer here.
According to Current MLS Burlington real estate statistics indicate that the average housing price in the city 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. This is the fastest selling in the Canada.
The real estate data of condominiums in October-2022, one bedroom condominium in the city costs only $547. This price was $554 about three months ago. Similarly, a three-bedroom condominium is available for sale at $565K. This price was $973K about three months ago. Well, this is a very significant decline in the rates.
The above real estate data has shown that condominiums are the most affordable housing styles in Burlington. Now the question arises where to find such houses. Here are a few examples.
One bedroom and one bathroom condominium are available for sale at #A431 – 5230 DUNDAS ST, Burlington, Ontario. This condominium costs only $499,000.
Similarly, another two bedroom and one bathroom condominium are available for sale at #408 1820 WALKERS LINE Burlington, Ontario. This beautifully constructed house costs only $545,000.
Another three bedroom and two-bathroom condominium are available for sale at 710 SPRING GARDEN Road unit # 48 Burlington, Ontario. This beautifully constructed condominium costs only $749,900.
Burlington is full of such beautifully constructed condominium units. You can have your own condominium house. So, if you are planning to settle in Canada, Burlington would be a good choice.
