Burlington
Burlington is located in Regional Municipality of Halton at the northern end of Lake Ontario Canada. This is one of the affordable cities of Canada. According to a rough estimate, a family of 4 estimated monthly expenses are expected to be $3,158.
If you are the only individual living in Burlington, then its monthly expenses are expected to be $867. This city is around 33.53 percent less costly than New York. This is the reason for moving thousands of families to Burlington.
Real Estate Market Outlook For Burlington
The real estate market of Burlington is dependent on housing prices of different construction styles. The most important architectural styles in Burlington are townhomes, condominiums and detached homes.
Different houses are available for sale in Burlington. In the city, approximately half of houses are single family homes & remaining are townhomes, condominiums and large apartment buildings.
Houses are of four or three bedrooms. Only one quarter of the houses are rented, while the remaining three quarters are homeowners in Burlington. Around one third of the houses in the Greater Hamilton metropolitan area were constructed between 1960 and 1980.
Real Estate Market Analysis for Burlington Homes- October 2022
Average housing price in Burlington is $1,020,300. Average sold out price is $1.0M. This is a monthly change of 8.8 percent, a quarterly change of 17.7 percent and yearly change of 3.2 percent.
Different houses are available with different numbers of bedrooms. Their price will also be varying. According to October 2022 real estate data, a two-bedroom department is available for sale at $1.2M. This price was $1.3M about three months ago.
A 4-bedroom detached house is available for sale at $1.6M and this price was $2.0M about three months ago. This is a significant price decline.
If we look at the townhouse price of a 2 bedroom in Burlington, this is at $828K. This price was & 800K about three months ago. Similarly, a four-bedroom townhouse was available at $1.1 about three months ago. Recently, this price is about $703K.
At last, we will look at the prices of condominiums in Burlington. Condominiums are the most affordable construction styles in the city. One bedroom condominium is available at price $534K. This price was $554K.
Similarly, a three-bedroom condominium is available at the cost of $565K. This price was $745K about three months ago. This is a significant price fall.
Different houses which are currently available for sale are as follows;
A three bedroom and two-bathroom house are available for sale at 275 Kent Crescent, Burlington, Ontario. This residential property cost only $999,500.
Similarly, another 4 bedroom and two-bathroom apartment are available for sale at 2130 Clipper Crescent, Burlington, Ontario. This house costs only $968,000.
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. This is a condominium house that’s the most affordable in Burlington.
