Burlington Real Estate Market Report – October 2024 The Burlington real estate market saw significant activity in October 2024, with notable year-over-year gains in sales, although average prices have softened compared to last year. This report highlights key market trends, property type performances, and valuable insights for both buyers and sellers in Burlington. Key Takeaways: Total Sales: 226 sales in October 2024, up by 65% from the previous year. Average Sale Price: $1,088,016, marking a 5% decline from October 2023 ($1,140,816). Detached Homes: 125 sales in October, a 70% increase from October 2023. Average Price: $1.33 Million (down 8.5% from last year). Days on Market: 27 days (up from 24 days last year). Semi-Detached Homes: Average sale price of $971,800 (slightly up from last year). Freehold Townhomes: Average sale price of $920,355 (down 13.6% from last year). Condos: Average price of $662,855 (up 5.9% from last year). Sales: 43 condo units sold in October, an increase from 29 units last year. Inventory: 709 active listings by month-end, up from 563 in October 2023. October 2024 Market Overview: October 2024 in Burlington witnessed a robust increase in sales activity, as the total number of transactions rose by 65% compared to the same month in 2023. A total of 226 homes sold in October, signaling continued buyer demand despite some softening in prices. At the same time, new listings were up slightly to 475 from 419 in October 2023, reflecting a healthy influx of properties to meet the growing demand. However, while more homes sold, the average sale price for Burlington properties in October 2024 was $1,088,016, a 5% decline from the same period in 2023, when the average price was $1,140,816. This price drop could be attributed to a shift in buyer preferences, with more mid-range properties coming onto the market and changes in the mix of property types that are selling. Property Type Performance in October 2024: Detached Homes The detached home market in Burlington saw a strong surge in sales, with 125 detached homes selling in October, representing a 70% increase from the previous year. This is a significant jump from 71 sales in September 2024. However, despite the increase in transactions, the average price of detached homes in October was $1.33 Million, a drop of 8.5% from last year’s $1,455,498. Detached homes took an average of 27 days to sell in October, slightly longer than the 24 days it took in October 2023. With 236 new detached home listings in October, inventory levels are on the rise, closing the month with 340 active detached homes, up from 314 last year. Semi-Detached Homes Semi-detached homes in Burlington experienced a mild increase in price, with an average sale price of $971,800, compared to $963,500 in October 2023. This slight increase indicates that demand for semi-detached homes is holding steady in Burlington, though this market segment remains smaller relative to detached homes. Freehold Townhomes The freehold townhome market saw 11 sales in October, a notable increase from the 6 sales recorded in October 2023. However, the average sale price of freehold townhomes saw a significant 13.6% decrease, dropping to $920,355 from $1,065,250 last year. This price drop could reflect a shift towards more affordable homes or a change in the types of townhomes sold. There were 35 active freehold townhomes available for sale by the end of October, indicating limited inventory in this segment. Condos Condos in Burlington saw a stronger performance, with an average sale price of $662,855, up by 5.9% from $625,759 in October 2023. The condo market also experienced an uptick in activity, with 43 sales in October compared to 29 sales last year. 133 new condo listings were introduced in October, reflecting the growing interest in condominium properties, especially as they remain more affordable relative to detached homes. Active condo listings at the end of October reached 233, up from 145 in 2023. Market Conditions for Buyers and Sellers: For Buyers: October 2024 presents a unique opportunity for buyers, especially in the detached and townhouse segments, where prices have softened compared to last year. The increase in inventory levels (709 active listings by month-end) means more choice for buyers, although competition can still be fierce, particularly for well-priced homes in desirable neighborhoods. Detached homes remain a major draw, with increased sales volume, but prices have dropped slightly, making it a potentially more affordable time to buy in this category. However, keep in mind that days on market for detached homes have increased, indicating that some listings may need to be priced more competitively to move quickly. Buyers in the condo market are also seeing favorable conditions, with more inventory coming onstream. Condo prices have seen an uptick, but the relative affordability of condos compared to detached homes makes them a strong option for first-time buyers or those downsizing. For Sellers: Sellers in Burlington may face a more competitive market due to the increase in active listings and the slight decline in prices compared to last year. Homes that are priced too high may take longer to sell, as evidenced by the increase in days on market for detached homes. Sellers should aim for competitive pricing strategies and market their homes well to stand out in a crowded market. Detached homes and condos have been the most active segments, and sellers in these categories should continue to see solid demand. However, for those selling freehold townhomes, they may need to adjust their pricing expectations due to the larger year-over-year price declines in this segment. Conclusion: The Burlington real estate market in October 2024 shows a market in transition. Strong sales numbers indicate ongoing demand, but price adjustments across property types suggest a market that’s shifting, with buyers becoming more selective and inventory levels on the rise. Sellers will need to be strategic with their pricing and marketing efforts, while buyers have opportunities to take advantage of slightly lower prices in some segments, especially detached homes and townhouses. Looking Ahead: As we move into the colder months, the market could see further price stabilization, particularly if interest rates remain steady. For now, Burlington’s real estate market remains active, with opportunities for both buyers and sellers to make informed decisions based on evolving trends. Ready to Discover Your Dream Home in Burlington? Contact me today to explore these wonderful neighbourhoods and find the perfect fit for your lifestyle.                                 Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

The Oakville Real Estate Market Report – October 2024   October 2024 was an interesting month for the Oakville real estate market. The surge in total sales, coupled with an increase in new listings, paints a picture of a market that is active but showing signs of stabilization after the explosive price growth of the last few years. Let’s dive into the key data points and explore what’s happening in each segment of the market. Oakville's Overall Market Trends: A Surge in Sales and Climbing Prices With the BOC interest rate cuts and optimism; Oakville’s overall real estate market saw a remarkable recovery in October. Sales were up a staggering 73% compared to October 2023, with a total of 242 homes changing hands. This uptick in activity is encouraging, but there’s more to the story. While sales volumes surged, the average sale price also increased by 6.5% to $1.49 million. This suggests that buyers are active, they are likely looking for value. Higher-priced properties may be seeing less demand, and more affordable options are getting traction. At the same time, the increase in new listings—566 in October 2024 compared to 497 last year—indicates that more homeowners are entering the market, likely capitalizing on the increased demand before prices flatten again. As more inventory hits the market, it provides buyers with more options, which is likely contributing to the longer time on the market. Detached Homes: A Strong Segment, But Price Correction in Progress compared to September    Detached homes, the backbone of Oakville’s real estate market, continued to perform well in October 2024. The 125 detached homes that sold represent a significant 70% increase in sales compared to October 2023, showing that demand for larger family homes remains strong. The average sale price for a detached home was $1.96 million, a slight drop from $2.2 million in September 2024. However, compared to last year’s October average of $1.78 million, it’s clear that detached homes are still commanding a premium. The 10% year-over-year price increase suggests a strong market, detached homes remain one of the most coveted property types in Oakville. Sellers of detached homes are still seeing healthy demand, though it’s worth noting that the number of days on the market has increased slightly to 29 days compared to 30 days last year. The inventory for detached homes was at 496, which is much higher than the 418 active listings in October 2023, indicating that while more homes are selling, new listings are outpacing the demand. As we head into the final months of the year, it will be interesting to see if the price stabilization continues or if prices continue to retreat. Oakville Townhomes: Strong Demand and Increased Sales Freehold townhomes were one of the standout performers this month, with a 126% increase in sales from last year—52 units sold in October 2024 compared to just 23 in October 2023. This is a clear indication that more buyers are seeking affordable options within Oakville, and townhomes have become an attractive solution. However, despite the increased sales, the average price for freehold townhomes decreased slightly to $1.21 million from $1.25 million in October 2023. This suggests that although demand is high, buyers are still conscious of price fluctuations and may be opting for smaller or less expensive townhomes as a more viable option. At the end of October, there were 156 active listings of freehold townhomes, providing a moderate level of inventory for prospective buyers. If the demand continues at this pace, it’s likely we’ll see more listings and potentially price stabilization in this segment. Oakville's Condos: Stability Amid Increased Inventory The condo market, while more stable, is also showing signs of increased activity. There were 124 new condo listings in October, down slightly from 154 last month in September. While sales increased modestly to 35, up from 30 in October 2023. The average sale price for condos was $805,000, a slight dip from last year’s $811,000, reflecting the ongoing price stabilization across the market. The month-end inventory of active condo listings was 252, significantly higher than last year’s 181, indicating that more condos are coming to market. Buyers in the condo market now have more options to choose from, and this increased inventory may put downward pressure on prices if demand doesn’t pick up further. However, the fact that condo sales are up suggests that there is still solid demand, particularly for those seeking more affordable or low-maintenance living in Oakville. What Buyers and Sellers Should Know For Buyers: More Inventory and Less Competition: With overall listings increasing, buyers now have more homes to choose from. This means less urgency and more time to carefully consider a property before making an offer. Price Negotiation Is Possible: While prices are still relatively high, especially in the detached home market, the average sale price has come down from previous highs, giving buyers more room to negotiate. Condos and Townhomes as More Affordable Options: If you’re priced out of the detached market, consider freehold townhomes or condos as more affordable alternatives. Townhomes, in particular, have seen a surge in sales, indicating demand for more moderately priced homes in Oakville. Prepare for a Longer Timeline: Homes are now taking an average of 31 days to sell, up from 23 last year. Be prepared for longer waits, particularly if you’re purchasing in a competitive segment like detached homes or townhomes. For Sellers: Price Carefully: While demand is strong in many sectors, pricing your home too high can lead to longer days on market. Sellers need to be realistic and understand that while prices may still be high compared to historical averages, they’ve come down from the peak. Leverage High Demand in Detached and Townhome Markets: Detached homes and freehold townhomes are still moving quickly in Oakville, but you need to ensure your home is well-presented and priced correctly to compete with the influx of new listings. Timing Your Listing: With 1,012 active listings at the end of October, the market is becoming more competitive. Listing now may be beneficial if you want to capitalize on demand before winter, but ensure your home is competitively priced to stand out in a crowded market. Highlight Your Home’s Unique Features: Whether you're selling a detached home, townhome, or condo, making sure your property stands out with high-quality photos, staging, and competitive pricing is essential to achieving a successful sale. Final Thoughts The Oakville real estate market in October 2024 shows that while the pace of sales has increased dramatically compared to last year, we are seeing signs of a price correction across different property types. Detached homes, though still highly desirable, have seen some price softening, while townhomes are benefiting from strong demand due to their more affordable price point. The condo market remains stable, but increased inventory may create more opportunities for buyers. For buyers, this is a time to take advantage of more choices in the market and consider various property types. For sellers, understanding current market conditions, pricing your home appropriately, and being prepared for slightly longer selling times will help you achieve a successful transaction. Stay informed and make decisions that align with your goals, whether you're buying or selling in Oakville. Ready to Discover Your Dream Home in Oakville? Contact me today to explore these wonderful neighbourhoods and find the perfect fit for your lifestyle.               Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

As a local expert in Burlington Ontario real estate, I’ve had the privilege of exploring every corner of this beautiful city. My YouTube channel “Where to live in Oakville and Burlington” features everything you need to know before moving to Burlington. From upscale neighbourhoods to vibrant, family-friendly communities, Burlington Ontario offers something for everyone. Whether you’re seeking top-tier schools in Burlington (learn here), scenic parks, lakeside living, or quick commutes, you’ll find it all here. There are housing options for everyone and you can find detached homes under one million dollars (click here). Below, I’ve highlighted the top five neighbourhoods in Burlington to help you decide which one might be right for you. 1. Millcroft Burlington – Golf Course Living at Its Finest   Overview: Millcroft neighbourhood is synonymous with luxury. Known for its spacious homes and well-manicured streets, this neighbourhood centers around the Millcroft Golf Club, which weaves through the community. Millcroft area has mature trees, beautiful parks, and a family-friendly vibe, making it a top choice for professionals and families alike. Why it's great: Known for its golf course community, beautiful homes, and family-friendly vibe, Millcroft offers a premium lifestyle. Home Styles: A mix of detached, townhomes, and luxury homes. Many backing to a golf course. Amenities: Close to Millcroft Golf Club, excellent schools, parks, restaurants and grocery shopping. Commute: Quick access to the QEW, making it convenient for commuters. Who it’s best for: Families and professionals seeking affluent living with access to recreational activities. Millcroft Schools: Charles R. Beaudoin Public School (Highly ranked) Dr. Frank J. Hayden Secondary SchoolMillcroft’s schools are known for their academic excellence, making it a great neighbourhood for families with children. For the Best Schools in Burlington, Ontario visit our School Page (click here) Nearby Restaurants and Entertainment: Ben Thanh – Solid Vietnamese restaurant & Thai, best Pho  El Inka Burlington – A Peruvian restaurant with a great Atmosphere  Millcroft Shopping Plaza – Offers a variety of stores and cafes for everyday needs. Parks and Recreation: Millcroft Park – A great space for outdoor activities, with playgrounds and sports fields. Clost to Tansley Woods Community Centre – Features a pool, gym, and library. Millcroft’s peaceful environment, proximity to good schools, and easy access to shopping make it an exceptional neighbourhood. To learn more about Millcroft Real Estate (click here) 2. Alton Village – A New and Vibrant Community   Overview:  Alton Village is one of Burlington’s newer neighbourhoods, attracting families and professionals looking for modern homes and quick commutes. Its strategic location near the 407 and 403 highways makes it perfect for those working in Toronto or surrounding areas. Why it's great: A newer community with modern homes and a strong sense of community. Home Styles: Detached homes, semi-detached, and townhomes. Amenities: Close to Alton Community Centre, parks, and great schools. Easy access to big-box stores and amenities on Appleby Line. Commute: Well-connected to the 407 and Appleby GO Station. Who it’s best for Young families and professionals seeking newer homes and a modern lifestyle. Alton Village Schools: Alton Village Public School Dr. Frank J. Hayden Secondary School – One of Burlington’s most popular high schools, located nearby. Nearby Restaurants and Entertainment: Kelsey’s Original Roadhouse – A great option for family dining. Farm Boy – For fresh groceries and ready-to-eat meals. Chick-fil-A - Just Opened October, 2024  Alton Parks and Recreation: Norton Community Park – Offers a splash pad, sports fields, and a playground. Also, Norton Leash Free Dog Park is here. Swan Lake – A small but peaceful spot for nature lovers. Alton Village offers a suburban feel with modern amenities, making it ideal for young families and professionals. To learn more about Alton Village Real Estate (click here) 3. Roseland – Prestigious Lakeside Living   Overview: If you’re looking for charm and prestige, Roseland is the place to be. This historic neighbourhood features grand homes on large lots, often surrounded by mature trees. Its proximity to the waterfront and downtown Burlington adds to its appeal. Why it's great: One of Burlington's most prestigious neighbourhoods, known for mature trees, estate homes, and proximity to Lake Ontario. Home Styles: Large detached homes, including custom builds and original century homes. Amenities: Minutes from downtown Burlington, lakeshore parks, and boutique shops. Commute: Convenient access to the QEW and downtown Burlington's GO Station. Who it’s best for Buyers seeking luxury living in a picturesque, established area. Roseland Schools: John T. Tuck Public School (Highly rated) Nelson High School – Known for its academic and athletic programs. Roseland Nearby Restaurants and Entertainment: Lettuce Love Cafe – A vegan restaurant popular with locals. The Dickens – A British-style pub with live music. Burlington’s Waterfront Trail – A scenic route perfect for walking or biking. Roseland Parks and Recreation: Paletta Lakefront Park – A beautiful waterfront park with picnic areas and trails. Central Park – Features sports facilities, a community centre, and a large playground. Roseland’s prime location near the lake and top schools make it one of Burlington’s most desirable neighbourhoods. To learn more about Roseland Neighbourhood and Housing (click here) 4. Shoreacres – Luxury Meets Lakeside Serenity Overview:  Shoreacres offers a perfect blend of luxury and nature, with elegant homes along tree-lined streets just minutes from the lake. It’s ideal for those who want peaceful surroundings without sacrificing access to amenities. Why it's great: A prestigious, lakeside neighbourhood with large lots and beautiful tree-lined streets. Shoreacres offers a blend of elegance, tranquillity, and proximity to Lake Ontario. Home Styles: Predominantly luxury homes—a mix of original mid-century homes, newer custom builds, and estates. Amenities: Close to Paletta Lakefront Park, Nelson Park, and Lakeshore Road’s scenic views. Commute: Easy access to the QEW and a short drive to Appleby GO Station. Who it’s best for: Families and buyers seeking privacy, elegance, and proximity to the lake, with access to top-tier amenities and schools. Shoreacres Best Schools: John T. Tuck Public School Assumption Catholic Secondary School – Known for its excellent programs. Shoreacres Area Restaurants and Entertainment: Peach Coffee Co. – A cozy little cafe & bakery with delicious pastries and coffee. The Carriage House Restaurant – Classic, wood-decked pub with spaces to enjoy pints, pub fare & local bands, plus weekend brunch. Burlington Art Gallery – Offers exhibitions and workshops throughout the year. Shoreacres Area Parks and Recreation: Paletta Lakefront Park – Just a short walk away, with picturesque lake views. Lakeshore Road – Perfect for morning runs or evening strolls along the waterfront. Shoreacres is perfect for those seeking upscale living close to the lake with access to Burlington’s best amenities. To learn more about Shoreacres Real Estate (click here) 5. Longmoor – Underrated Charm with Great Value Overview:  Longmoor is a hidden gem in Burlington that offers a perfect balance of affordability and convenience. With a variety of detached homes and townhouses from the 1960s and 1970s, it has a charm that appeals to families, retirees, and young professionals alike. It’s also close to major transit routes, making commuting easy. Why it's great: Underrated and affordable compared to other Burlington neighbourhoods, Longmoor offers a lot of value. Home Styles: Older homes with renovation potential, townhomes, and detached houses. Amenities: Close to Nelson Park, with a pool, sports fields, and walking trails. Commute: Appleby GO Station is nearby and easy access to the QEW. Who it’s best for: First-time buyers or those looking for affordable homes with renovation potential. Longmoor Schools: Pauline Johnson Elementary School - Ranked #1 Elementary school in Burlington (Fraser Ranking 2023) Nelson High School – A well-regarded high school with strong academic and extracurricular programs. Longmoor Area Restaurants and Entertainment: Chef Grande Shawarma Pita & Grill – A local favourite for Mediterranean cuisine. The Black Bull – A laid-back pub with great food and live music. Appleby Mall – Offers shopping, dining, and entertainment options. Longmoor Area Parks and Recreation: Iroquois Park – Great for outdoor activities, with sports fields and a playground. Longmoor Park – A peaceful green space for family picnics and walks. Nelson Pool & Splash Park -  Very nice pool for kids to spend the day here. Lifeguards on duty. Longmoor may not always be in the spotlight, but it’s a neighbourhood with a lot to offer, including affordable homes, access to great schools, and a convenient location. To learn more about Longmoor Real Estate (click here) Final Thoughts Whether you’re looking for luxurious lakeside living, a family-oriented community, or an affordable neighbourhood with easy commutes, Burlington Ontario has something for everyone. Each of these five neighbourhoods offers its unique vibe, amenities, and lifestyle. If you’re considering a move to Burlington, get your free relocation guide here. Working with @RealtorRoshan a local real estate expert, he can make all the difference. As someone who knows Burlington inside and out—from the best schools to the hidden gems along the lake - I’d be happy to help you find the perfect place to call home. Feel free to reach out, and let’s explore your options together! Ready to Discover Your Dream Home in Burlington? Contact me today to explore these wonderful neighbourhoods and find the perfect fit for your lifestyle. About the Author:         Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

  On October 26, 2024, National Homes unveiled its latest masterpiece, the Northshore Towns—a boutique collection of only 36 exclusive townhomes nestled by the lake in Aldershot Central, Burlington. If you’ve been waiting for the right opportunity to buy into a vibrant, luxurious community, this is it. With limited inventory, incredible launch incentives, and prime location advantages, Northshore Towns is already creating a buzz. And here’s why you should act fast. Two Thoughtfully Designed Collections The Terrace Collection – Two-Storey Towns Live life elevated with private rooftop terraces perfect for entertaining or relaxing. Spacious layouts up to 1,675 sq.ft., offering up to 3 bedrooms and 3 bathrooms. The Garden Collection – Bungalow-Style Towns Enjoy main-level living with your own garden patio, ideal for those who want to connect with nature. Comfortable floorplans up to 1,100 sq.ft., featuring 2 bedrooms and 2 bathrooms. Both collections offer modern, functional designs that cater to every lifestyle—whether you’re a young family, downsizing, or looking for the perfect investment property. Why Northshore Towns? A Lifestyle Package That Delivers 📍 Location: Aldershot Central on Plains Road, close to downtown Burlington, the lake, golf courses, schools, and premium shopping and dining. With easy highway access, getting to Toronto or beyond is a breeze. 🏙️ Exclusive Condo Amenities Included:These townhome owners will enjoy access to the adjacent condo building’s luxury facilities, including: Health & Fitness Studio Lounge & Party Room Coworking Space Why pay for a gym membership when everything is already included? Unmissable Incentives for Launch Weekend National Homes is pulling out all the stops with a launch bonus package valued up to $90,000: A Total $135,000 Cash Off includes $50,000 Weekend Bonus Value  Free 5-piece appliance package Free parking with a private locker Free assignment and right to lease Development charges capped at $10,000 With prices starting under $800,000, these incentives add significant value to what is already a fantastic offering. A Flexible and Buyer-Friendly Deposit Structure To make this project even more accessible, the deposit structure is spread out over time: Total 10% deposit, split into 4 easy installments between now and Fall 2025 The Market Is Heating Up – Now Is the Time to Buy With inflation easing and recent interest rate cuts sparking new momentum in the market, demand for these homes is expected to soar. The energy at the launch event was electric, with long lines and deals closing on the spot—a clear sign that the market is gearing up for a strong comeback. Your Opportunity Awaits – Don’t Miss Out! With only 36 townhomes available, opportunities like this are rare. Whether you prefer the garden-level bungalow or the two-storey terrace town, the choice is yours—but you’ll need to move quickly. Let me help you get the best deal while these incredible incentives last. 📲 Text or call me at 647.818.7373 to receive the price list and secure your unit today! This is your moment to own a luxurious home by the lake, backed by the reputation of National Homes. Act fast—this exclusive release won’t last long! Boost your lifestyle. Elevate your expectations. Northshore Towns—A Community Unlike Any Other.

How to Choose the Right Realtor in Burlington and Oakville, ON Choosing the right realtor in Burlington or Oakville can make all the difference when buying or selling a home, especially in today’s competitive real estate market. Whether you're relocating to the Halton Region, moving to Toronto, or looking to sell your current home, having a knowledgeable and experienced realtor on your side is essential. With so many options in the Burlington and Oakville real estate markets, how do you pick the best realtor for your needs? Roshan Basnet, a seasoned real estate expert in Oakville Ontario  and Burlington Ontario , specializes in helping families find their dream homes and achieve their real estate goals. Here’s what you need to know about selecting the right realtor for your property journey. Look for Local Expertise in Burlington and Oakville One of the most critical factors in choosing a realtor is their local market expertise. The Burlington real estate market and the Oakville real estate market have unique characteristics, and a realtor with deep knowledge of these areas will have a better understanding of property values, market trends, and neighbourhood insights. They will be familiar with the best Burlington and Oakville communities for families, retirees, and those looking to invest. If you're considering a move to the west of Toronto, a realtor with expertise in Burlington and Oakville can provide valuable insights on everything from schools and amenities to commute times and recreational opportunities. Roshan Basnet prides himself on being a local expert in both markets, helping clients navigate the intricacies of Burlington and Oakville real estate. Check Experience and Credentials in the Oakville and Burlington Markets Experience matters when choosing a realtor. An experienced realtor in Burlington or Oakville will have the skills and knowledge needed to handle the complexities of buying or selling a home. Look for a realtor with a proven track record of successful transactions in these markets. Additionally, ensure that your realtor is licensed and in good standing with RECO and local real estate boards. Specialized credentials, like being Certified in Real Estate Finance (CRF) or holding the FRI designation, demonstrate a commitment to professional development and advanced skills. Roshan Basnet is proud to bring both experience and top-notch credentials to the Burlington and Oakville real estate markets. Read Reviews and Testimonials from Burlington and Oakville Clients Client reviews and testimonials are a powerful way to gauge a realtor’s effectiveness in the Burlington and Oakville markets. A realtor's online presence, including their Google My Business page, website, and social media profiles, will give you insights into their reputation and the satisfaction of their clients. When reviewing testimonials, pay attention to feedback about communication, negotiation skills, and overall client experiences in Burlington and Oakville. Roshan Basnet is proud of the relationships he has built and encourages you to explore his reviews on his website and YouTube Channel for insights into his success stories. Communication and Availability Are Key Effective communication is vital in real estate transactions. You need a realtor who is responsive and keeps you updated on your Burlington or Oakville home search or sale. Roshan Basnet is known for his proactive communication, ensuring that his clients are always informed about new listings, market changes, and progress on their transactions. A good realtor will also work around your schedule, being available for showings, meetings, and calls. Roshan makes client availability a priority, ensuring he's accessible when his clients in Burlington and Oakville need him most. Ask About Marketing Strategies for Selling in Burlington or Oakville If you’re selling a home in Burlington or Oakville, choosing a realtor with a strong marketing strategy is essential. In today’s competitive market, realtors must go beyond simply listing properties on the MLS. Ask potential realtors how they plan to market your home, whether it’s through professional photography, video tours, social media, or YouTube. Roshan Basnet employs a comprehensive marketing approach that includes professional photos, drone shots, and video walkthroughs to ensure your Burlington or Oakville property gets maximum visibility. Find a Realtor Who Understands Your Needs Every buyer or seller is unique, and the right realtor will take the time to understand your specific needs. Whether you’re a first-time buyer, an investor, or looking to downsize in Burlington or Oakville, your realtor should tailor their services to meet your goals. Roshan Basnet is committed to providing personalized service, making sure every client’s goals are met in the Burlington and Oakville real estate markets. Leverage Your Realtor’s Network in Burlington and Oakville A well-connected realtor will have a network of trusted professionals in Burlington, Oakville, and the surrounding Halton Region. Whether you need a mortgage broker, home inspector, or real estate lawyer, these connections can be invaluable. Roshan Basnet has cultivated relationships with top industry professionals to ensure smooth transactions for his clients. Conclusion Choosing the right realtor in Burlington or Oakville can make all the difference in your real estate experience. Whether you’re moving to the Halton Region or selling your home, you need a realtor with local expertise, experience, and a personalized approach. Roshan Basnet is dedicated to helping his clients navigate the Burlington and Oakville real estate markets with confidence. Visit RealtorRoshan.ca or check out his YouTube Channel for more insights and tips on buying or selling a home in Burlington and Oakville. There is a dedicated private Facebook group, "Where to Live in Oakville and Burlington" where you can interact with other members live. 

Key Takeaways: Total Sales: 169 (down slightly from 181 in August 2024, but up from 148 in September 2023). New Listings: 476, up 6.5% year-over-year, showing increased seller activity. Average Sale Price: $1.16M, up 10.5% year-over-year, with strong growth in the detached home segment. Detached Homes: Sales up 11%, with an average price of $1.55M, marking a 15% increase. Townhomes and Semis: Townhome prices softened to an average of $902K, while semi-detached homes saw modest growth with an average price of $977K. Condos: Average price up 3% to $675K, but sales are slowing, with a large increase in active listings. What Happened in Burlington's Market? September 2024 saw the Burlington real estate market continue to grow, although at a slower pace compared to the earlier months of the year. With 169 sales, Burlington's market performed better than the same time last year, which saw 148 sales. While sales activity decreased slightly from August, the 6.5% increase in new listings signals that sellers are confident, and looking to take advantage of rising prices. Despite the shift toward a more balanced market, average sale prices have jumped by 10.5% year-over-year, reaching $1.16 million. This price increase reflects strong buyer interest, especially in the detached home market. However, with 718 active listings (up from 508 in September 2023), buyers now have more options, contributing to a slower sales cycle. The overall months of supply is 4.4, moving the market closer to a balanced or buyer’s market. This means buyers can afford to take more time in their decision-making, while sellers need to be mindful of market conditions when pricing their homes. Burlington Detached Homes: Strong Price Growth The detached home segment remains the most dynamic part of the Burlington market. With 79 sales (up 11% from last year), demand for these properties is still strong, even as new listings increase to 252. However, the most striking figure is the 15% increase in the average sale price, which has now reached $1.55 million. Waiting to purchase a detached home has cost buyers over $200,000 compared to last year. It now takes 29 days to sell a detached home, compared to just 23 days in September 2023, suggesting that while prices are rising, buyers are taking longer to make their decisions due to increased inventory and higher price points. For sellers, this is a strong market, but proper pricing is key. While demand is still there, the increase in days on the market and more active listings means that buyers are being more selective. Burlington Townhomes and Semi-Detached Homes: Mixed Signals The semi-detached market remained flat in terms of sales volume, with 8 sales matching last year’s performance. However, semi-detached homes saw a modest price increase, with the average sale price rising to $977,688, up from $929,823 last year. This shows stable demand for this housing type. The townhome market, on the other hand, saw a softening in prices. With 23 sales, the average sale price dropped to $902,000, down from $958,338 in September 2023. This could signal buyer resistance at higher price points, with demand shifting toward more affordable options like condos. Sellers in this segment should be cautious when pricing their homes, as price sensitivity seems to be increasing. Burlington Condo Market: Slowing Sales Despite Price Growth The condo market presents an interesting dynamic. September recorded 31 condo apartment sales, with an average price of $675,000, marking a 3% increase year-over-year. However, this is a notable decline from August’s average of $862,000, indicating price volatility in the condo market. The number of active condo listings rose sharply to 219 (up from 109 last year), and new listings increased to 114 compared to 95 in 2023. This suggests a slowdown in sales velocity, as buyers have more options and are taking longer to make decisions. Sellers need to focus on making their properties stand out, as the increase in inventory gives buyers more power to negotiate. Burlington Home Buyer’s and Seller’s Perspectives For Buyers: Burlington’s real estate market is starting to tip in your favour. With increased inventory and 4.4 months of supply, you now have more time and leverage in negotiations. Detached homes are still seeing strong price growth, so if you're considering buying in this segment, it’s wise to act sooner rather than later, as prices continue to climb. For buyers interested in condos or townhomes, there are great opportunities, as price increases have moderated, and the supply is growing. For Sellers: If you're selling a detached home, this is still a favourable market for you, especially with prices up 15% year-over-year. However, be prepared for your property to take longer to sell, as buyers are being more cautious with their choices. Pricing your home correctly will be key in maintaining buyer interest. For townhome and condo sellers, it’s important to stay competitive. Both segments are seeing an increase in inventory, and buyers are more discerning. Consider investing in upgrades or staging to differentiate your property from the competition, and make sure your pricing reflects current market conditions. Final Thoughts   September 2024 marked a period of adjustment for Burlington's real estate market. While sales are steady, the increase in inventory and the moderation in price growth for certain segments signal that the market is moving closer to balance. Buyers now have more leverage, while sellers must be strategic in their pricing and presentation. Detached homes continue to perform well, with significant price appreciation, but townhomes and condos are seeing more competition. Whether you're buying or selling, understanding these market dynamics will help you make informed decisions in Burlington’s evolving real estate landscape. Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

Oakville Real Estate Market Report - September 2024 Key Takeaways: Total Sales: 185 (up slightly from 181 in August 2024). New Listings: 752, up 18% compared to September 2023, signaling increased supply. Average Sale Price: $1.58M, up 2% year-over-year, indicating a steady but modest growth. Detached Homes: Sales dipped slightly to 99, with a significant price increase to $2.2M (up 10% YoY). Townhomes: Prices softened to an average of $1.146M, down from $1.2M last year. Condos: Prices dipped to $684K, down 4.4% from last year, signalling potential buyer opportunities in this segment. Days on Market: Properties are taking longer to sell, averaging 29 days, compared to 20 days in September 2023. Supply: With months of supply at 5.81, Oakville is in a clear buyer’s market. What Happened in Oakville's Market? As September 2024 came to a close, Oakville’s real estate market saw a delicate balance between increasing supply and steady demand. The market recorded 185 total sales, a slight increase from last month and from September 2023, showing that buyers are still active, though the pace is not as frantic as earlier in the year. One key development is the surge in new listings, with 752 properties hitting the market in September. This represents an 18% increase year-over-year, indicating that sellers are eager to capitalize on market conditions before the traditionally slower winter season. However, with a 5.81 month of supply, Oakville has fully transitioned into a buyer’s market, where inventory outpaces demand, giving buyers more negotiating power. Despite this increase in supply, the average sale price of $1.58 million reflects a modest 2% growth compared to last year. This shows that while supply is rising, Oakville's inherent desirability helps maintain price stability, especially in higher-end segments like detached homes. Oakville Detached Homes: A Shifting Dynamic In the detached home segment, there were 99 sales in September, slightly down from 101 sales during the same period last year. However, the most notable figure is the 10% increase in average sale price to $2.2 million. This price growth signals that the upper-tier market is still thriving, though sellers must be mindful of the fact that these homes are now sitting on the market longer, with the average days on market at 30, up from 22 days last year. With 524 active listings and 361 new detached listings coming to market, buyers have more options than ever before. Sellers in this segment should focus on pricing realistically and ensuring their homes stand out in terms of condition and presentation, as buyers have more time and leverage in this environment. Oakville Townhomes: A Competitive Segment The townhome market continues to be competitive, though we are seeing a softening in prices. The average sale price for a freehold townhome in September was $1.146 million, down from $1.2 million last year. With fewer buyers chasing townhomes compared to last year, this segment is seeing more moderate activity, and the slight price decline indicates buyers are less willing to stretch their budgets. For buyers, townhomes present a good middle ground between detached home living and affordability. Sellers, however, need to be mindful that price sensitivity is increasing in this segment. Properly preparing and marketing your townhome will be key to ensuring a sale at or near the asking price. Oakville Condos: Opportunities for Buyers The condo market presents a unique opportunity for buyers. With an average sale price of $684,000, down 4.4%compared to last year, condos are becoming an increasingly attractive option for first-time buyers and investors. This is especially evident compared to last month’s condo prices, which averaged $862,000, indicating some volatility in this segment. The increase in new condo listings to 154 (up from 115 last year) and the 262 active condo listings at month’s end highlight that supply is catching up with demand. With more options and softer prices, buyers should seize the moment to enter the condo market, particularly as inventory grows and prices stabilize. Buyer's and Seller's Perspectives in Oakville Real Estate Market  For Buyers: September’s data suggests that this is an excellent time to explore Oakville’s real estate market. Whether you’re looking for a detached home, townhome, or condo, the growing inventory and extended days on the market give you time to carefully consider your options and negotiate. Detached home buyers, in particular, have more leverage than in recent years, though townhomes and condos remain competitive due to their relative affordability. Take advantage of the 5.81 months of supply, especially in the detached and condo segments, where prices have either softened or levelled off. For Sellers: If you’re selling in Oakville, it’s crucial to be strategic. Detached home sellers, despite price growth, should be prepared for longer days on the market and ensure that their homes are priced competitively. Townhome sellers may need to adjust their expectations as the market has softened slightly. Condo sellers, on the other hand, will face more competition given the increase in listings, so ensuring your unit stands out through staging or upgrades could make a significant difference. The 96% sale-to-list price ratio means buyers are negotiating, so be flexible but aim to differentiate your property to maintain as close to your asking price as possible. Conclusion The September 2024 Oakville real estate market presents a distinct advantage for buyers, especially with a clear shift into a buyer’s market. With increased supply, moderating prices in certain segments, and more negotiating power, it’s an ideal time for buyers to explore their options. On the flip side, sellers need to be realistic, patient, and prepared to present their homes in the best possible light to achieve success in this evolving market. Whether you're buying or selling, understanding the nuances of each segment—detached, townhomes, and condos—is key to making informed decisions in Oakville’s dynamic market.

Buying a beautifully renovated home can be exciting. You walk in, and everything looks sleek, modern, and move-in ready. But before you make an offer, there’s one crucial step you can't afford to skip: checking the building permits. As a real estate expert serving the Oakville and Burlington communities, I’ve seen it all—gorgeous homes hiding costly problems because the proper permits weren't pulled during renovations. Today, I’ll explain why it’s essential to check for permits and how it can save you from serious headaches later on. The Risks of Buying Homes Without Permits You’ve found your dream home—high ceilings, open concept, updated kitchen, and it’s in a charming, mature neighbourhood. But just a few months after moving in, the floors start sagging, lights flicker, and the plumbing? A total nightmare. Here are the common risks of unpermitted renovations: Structural Issues: Removing load-bearing walls without the right permits can lead to dangerous structural problems. Electrical and Plumbing Hazards: Work done without inspections can cause electrical fires or plumbing leaks. Insurance Problems: If something goes wrong, your insurance might not cover damages caused by unpermitted work. Resale Complications: Future buyers will want proper paperwork, and if you don’t have permits, it could lower your home’s value. Municipal Fines: Municipalities can levy fines if they discover unpermitted work during an inspection. How to Protect Yourself as a Home Buyer Buying a renovated home? Here’s how you can protect yourself: Check Building Permits: In Ontario, major renovations like removing load-bearing walls, adding a new bathroom, or building a deck require permits. In Burlington, you can easily check permits online through the City of Burlington's permit map. For Oakville, the process is a bit different, but you still have ways to verify permits. Get a Home Inspection: Always, always, get a home inspection. A professional inspector will spot red flags and help you understand the condition of the renovations. Ask Questions: Ask the seller or their agent about the permits pulled for any major renovations. If there’s an open permit, it’s a red flag. Permits and Property Taxes: What You Need to Know Did you know that every time a permit is issued and closed, it’s reported to MPAC (Municipal Property Assessment Corporation)? MPAC re-evaluates your home based on those renovations, which could lead to an increase in your property taxes. But honestly, if I just spent $2 million on a home with $500,000 in renovations, I’d rather pay a bit more in taxes than deal with unpermitted, unsafe work that could cost even more in repairs. What I Do for My Clients in Burlington and Oakville For my buyer clients, I take extra steps to ensure the home they’re interested in is up to code: In Burlington: I use the city’s online permit map to check the property’s history, including the number and status of permits issued.  In Oakville: There is a similar map. When you click the property, it gives you the status of permit. Issue date as well as status of open or closed.    This extra due diligence can make a huge difference and help my clients avoid costly surprises after closing. Final Thoughts: Don't Skip the Permits! When you’re buying a recently renovated home, it’s tempting to rush into an offer, especially when everything looks picture-perfect. But remember—just because it looks great on the surface doesn’t mean it’s been done right. Checking permits could save you thousands of dollars and lots of headaches down the road. Have questions about buying or selling a home in Oakville or Burlington? Feel free to reach out to me anytime!   Need Help or Have Questions? I created a private Facebook group called Where to Live in Oakville and Burlington. It’s a great place for homeowners and potential buyers to get real-time information, ask questions, and connect. Join the group [here] for more insights and answers to all your real estate questions! Related Posts How to Avoid Home Buying Mistakes in Oakville Everything You Need to Know About Property Taxes in Burlington The Ultimate Home Inspection Checklist for Buyers       Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

Key Takeaways from the Burlington Real Estate Market – August 2024 Sales Volume: The Burlington real estate market saw a total of 156 sales in August 2024, down 16% compared to the same period in 2023. New Listings: There were 358 new listings for the month, reflecting a 5% increase from last year. Average Sale Price: The average sale price increased to $1.18 million, representing a 9.5% rise year-over-year. Detached Homes: Total detached home sales were 79, down 6% from last year, with an average price of $1,534,410, up 8%. Days on Market: It takes an average of 26 days to sell a detached home, slightly longer than the 21 days reported last year. Condo Market: The average price for condos rose to $742,000, with sales remaining steady at 38 units compared to last year. The Story Behind the Numbers The Burlington real estate market in August 2024 presents a mixed picture, combining resilience with signs of caution among buyers. With a total of 156 sales, the market experienced a significant drop of 16% compared to August 2023. This decline can be attributed to several factors, including rising interest rates and shifting buyer sentiments as potential homeowners navigate economic uncertainties. Despite the decrease in total sales, the market has seen an increase in new listings, with 358 properties hitting the market, up by 5%. This increase in inventory indicates that sellers are keen to take advantage of the current prices, which have risen, as evidenced by the average sale price of $1.18 million—a robust 9.5% increase from the previous year. A Buyer’s Perspective For buyers in Burlington, the data tells a compelling story. Although total sales are down, the rising average sale price suggests that competition remains in certain segments of the market. Buyers should be aware that while the number of active listings has increased—reaching 643 by the end of the month—higher prices may still pose challenges for affordability. Detached homes, for example, have seen a decline in sales, with only 79 units sold. However, the average price for detached homes has increased to $1,534,410, indicating that buyers willing to act quickly may still find value in this segment. Given that detached homes are now taking an average of 26 days to sell, it's crucial for buyers to be prepared to make quick decisions and have their financing in order. A Seller’s Perspective For sellers, the Burlington market offers a unique opportunity. The increase in average sale prices indicates that despite the decline in sales, there is still significant value in the market. The average price of detached homes, for instance, has risen by 8%, which can motivate sellers to list their properties now while the market remains favourable. However, sellers should be mindful of the increasing inventory levels. With 643 active listings, positioning their homes competitively is vital. This includes setting realistic prices based on recent sales data and ensuring properties are presented well to attract potential buyers. Commentary on Property Types Detached Homes: The market for detached homes is showing some strain with a 6% decline in sales compared to last year. While prices have increased to an average of $1,534,410, the longer selling period of 26 days highlights a more cautious buyer pool. The increased inventory of 285 detached homes suggests that sellers may need to market their homes strategically to stand out. Townhomes: The freehold townhome market has also seen fluctuations. With an average sale price of $1,045,832, up from $993,941 last year, this segment remains attractive. However, sales have sharply declined to just 6 units from 22 last year, indicating potential oversupply or changing buyer preferences. Active listings are at 33, providing buyers with limited choices. Condos: The condo market appears stable, with an average price of $742,000, a significant increase from $662,000 last year. Sales have remained steady at 38 units, and the month-end active listings have surged to 209, compared to 95 last year. This suggests a growing interest in condo living, likely driven by first-time buyers and those looking for more affordable options in a challenging market. Conclusion In conclusion, the Burlington real estate market in August 2024 showcases a complex landscape for both buyers and sellers. While total sales have declined, rising average prices and increasing inventory levels present unique opportunities. Buyers should act strategically and be prepared to navigate a competitive market, while sellers can benefit from favourable pricing trends by effectively positioning their homes. By staying informed and responsive to market dynamics, both buyers and sellers can make informed decisions that align with their real estate goals.           Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

Key Takeaways from the Oakville Real Estate Market – August 2024 Sales Volume: August 2024 recorded 181 total sales, slightly down from 184 in July but consistent with the same period last year. New Listings: There were 496 new listings in August, marking a 5.5% increase from previous months. Average Sale Price: The average sale price decreased to $1.43 million from $1.5 million in July, reflecting a 4.2% drop year-over-year. Detached Homes: Sales for detached homes totalled 18l, down 7% from July, with an average price of $1.93 million, a decrease of 2%. Days on Market: Detached homes are taking longer to sell, averaging 35 days compared to just 20 days last year. Inventory Levels: Active listings reached 971, up significantly from 624 last year, indicating a more competitive market. The Story Behind the Numbers The Oakville real estate market in August 2024 tells a nuanced story of stability amid changing dynamics. While total sales remained on par with the previous year, the slight dip from July indicates a market adjusting to various economic pressures, including fluctuating interest rates and buyer sentiment. With 496 new listings coming onto the market, a 5.5% increase compared to previous months, sellers are responding to the ongoing demand. However, the average sale price has decreased to $1.43 million, suggesting that buyers are more cautious and discerning in their purchasing decisions. This adjustment reflects not only the current economic landscape but also shifts in buyer expectations. A Buyer’s Perspective For buyers in the Oakville market, the data reveals both challenges and opportunities. The slight dip in average sale prices could provide an entry point for those looking to purchase in this desirable community. However, with an average of 35 days to sell a detached home—a significant increase from the 20 days reported last year—buyers should be prepared for a more competitive environment. This is a crucial moment for buyers to act decisively. With 971 active listings, there is a wider selection of homes available, but buyers should be aware that desirable properties may still attract multiple offers. It's essential to approach the market with a clear understanding of your budget, needs, and preferences, and to secure pre-approval for financing to strengthen your position. A Seller’s Perspective For sellers, the August statistics present a compelling case for entering the market. Although total sales have dipped slightly, the increase in new listings signals a robust interest in the Oakville market. With the average sale price remaining relatively high, now is an advantageous time to list your property, especially considering the demand for detached homes. However, sellers should be mindful of the changing dynamics. The increase in days on the market suggests that homes must be positioned competitively to attract buyers. This includes ensuring your property is in excellent condition, staging it effectively, and setting a realistic asking price based on recent market trends. The total detached home inventory of 469 units indicates that buyers have choices, which underscores the importance of marketing your home effectively to stand out in a competitive landscape. Conclusion In summary, the Oakville real estate market in August 2024 showcases a blend of stability and adaptation. Buyers and sellers alike must navigate this evolving landscape with strategic insights drawn from the latest statistics. Whether you are considering purchasing your first home or preparing to sell, understanding the current market dynamics can help you make informed decisions. Highlights of Oakville Real Estate Market by Property Type Detached Homes The detached home market in Oakville continues to face some challenges, as evidenced by the decrease in sales and average prices. With only 82 detached homes sold in August 2024, down 7% from July, buyers appear to be more selective, reflecting a shift in demand. The average price for detached homes has decreased to $1.93 million, a 2% drop from last month and indicative of broader market trends affecting luxury properties. Interestingly, the increase in the average days on the market to 35 days, compared to just 20 days last year, suggests that buyers may be taking more time to evaluate their options. With a month-end inventory of 469 detached homes available, up from 343 last year, this growing supply provides buyers with more choices, but sellers may need to be more strategic in pricing and presentation to attract interest in a more competitive environment. Townhomes The freehold townhome market shows resilience in the current climate. With an average sale price of $1.27 million—slightly up from $1.25 million last year—townhomes are maintaining their appeal, likely due to their more affordable price point relative to detached homes. This steady performance may indicate a continued interest from first-time buyers and families looking for a balance of space and cost. As buyers weigh their options amidst rising interest rates and economic uncertainties, townhomes may present a desirable compromise, offering both value and proximity to the amenities that Oakville has to offer. Sellers in this category should capitalize on the positive momentum by highlighting the unique features of their properties and the benefits of townhome living. Condos The condo market in Oakville appears to be stabilizing, albeit with a slight decrease in average sale price. The average price for condos dropped to $813,000 from $862,000 last month, reflecting a 1.5% decline year-over-year. However, the total number of condo sales has remained steady at 41, suggesting a consistent demand among buyers looking for entry-level options or investment properties. The inventory of active listings has also increased significantly, with 246 condos available at month-end compared to 161 last year. This growing supply could create more choices for buyers, but it also indicates that sellers may need to be mindful of pricing strategies to remain competitive. The stability in the number of sales, despite the price drop, could suggest that buyers are finding value in the condo market, especially with the lifestyle benefits that come from living in a community with shared amenities. In summary, the Oakville real estate market is showing varied performance across different property types. Detached homes are facing challenges with declining sales and prices, while townhomes and condos are displaying resilience and steady demand. Buyers and sellers alike should consider these dynamics when making their real estate decisions, ensuring they align with current market trends and buyer preferences. Data Source: TRREB August | 2024       Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

In today's digital world, maintaining privacy is crucial. One effective way to protect your privacy is by blurring your home on Google Street View. For example, even celebrities like Drake have used this feature to obscure their homes. Follow these steps to blur your home: Go to Google Maps and search for your address.             Switch to Street View. Click the three dots in the top left corner. Select “Report a Problem.” Complete the form, enter your email, and submit. Note: This action is permanent and cannot be reversed. While this is a great privacy tool, it can sometimes frustrate real estate agents who use Street View to help potential buyers preview homes and neighbourhoods. If you're concerned about privacy, consider this option to keep your home hidden from public view.           Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

Having visited countless shawarma restaurants across the Greater Toronto Area, I can confidently say that when it comes to Middle Eastern cuisine, we all have our favourites. For me, Chef Grande Shawarma Pita & Grill arguably the best Shawarma Restaurant in Burlington has become my go-to spot, conveniently located in the vibrant Longmoor community of Burlington, Ontario where I live. Tucked away in a plaza filled with culinary delights from India, Thailand, Latin America, and even a McDonald’s, Chef Grande stands out as a true hidden gem. From the moment you step inside, you’re greeted warmly by the friendly staff, regardless of how busy they may be. It’s a personal touch that immediately makes you feel welcome. The ambiance inside the restaurant is also inviting, with a cozy fireplace, ample seating, and an open-concept layout. One of the highlights is being able to watch the food being freshly prepared—shawarma grills turning, lamb kebabs smoking, and staff meticulously assembling meals. What impressed me right away was how spotless the entire space was, both inside and out. From the seating area to the kitchen, cleanliness is a top priority, and you can sense that food hygiene is taken very seriously here. I recently had the pleasure of dining at Chef Grande during their 10th-anniversary celebration, and the specials were simply too good to pass up. I opted for the Family Meal for four, which included succulent chicken shawarma, perfectly seasoned rice, fresh salad, crispy potatoes, and four drinks—all for just $40 (a major deal considering the regular price of $65). Every dish tasted homemade, from the creamy garlic sauce to the tangy dressings and their signature onion salad, a flavorful side that added the perfect touch to the meal. Over the years, I’ve sampled many dishes from their menu, and I can honestly say that everything, from their falafel to their lamb kebabs and pita wraps, has been consistently delicious. The portions are generous, the flavours are spot-on, and each bite leaves you satisfied without feeling overly full. As someone with a sweet tooth, I couldn’t resist trying their baklava, and it did not disappoint. It was fresh, with just the right amount of syrup, not overly soaked, and the crispy layers and rich filling were the perfect end to an already incredible meal. One of the things that make Chef Grande stand out in Burlington is how beloved it is by the local community. You’ll often see rave reviews and recommendations on social media, and for good reason. The restaurant offers plenty of seating, and parking is always easy to find—making it a convenient and welcoming spot for families, gatherings, or a casual meal. If you are craving Shawarma food in Burlington, and haven't tried Chef Grande Shawarma yet, I highly recommend you do so with confidence. Not only will you enjoy amazing food, but you’ll also experience the warmth and hospitality that Nashed and his team have been sharing with Burlington for over a decade. And don’t forget to congratulate them on their 10-year milestone. Oh, and be sure to say hello to Thomas, the friendly face who always greets you at the door. Looking for a Shawarma restaurant in Burlington? Enjoy your meal at Chef Grande Shawarma Pita & Grill—it’s a place you’ll want to return to, time and time again!  To place online order click Chef Grande Shawarma Phone number 289.812.0020 Chef Grande Shawarma Location  676 Appleby Line Unit#103, Burlington, ON L7L6J9 Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

Understanding Property Taxes in Burlington, Ontario: A Complete Guide for Homeowners If you're a homeowner in Burlington, Ontario, or considering buying a property here, understanding property taxes is crucial. Property taxes are an essential part of homeownership, covering the costs of local services like road maintenance, education, emergency services, and more. This guide will provide a clear overview of how property taxes work in Burlington, helping current and future homeowners navigate the process with confidence. To find out your property tax estimates in Halton Region click here  1. What Are Property Taxes in Burlington, ON and How Are They Calculated? Property taxes in Burlington, like elsewhere in Ontario, are calculated based on the assessed value of your property. The Municipal Property Assessment Corporation (MPAC) is responsible for determining the current value of all properties in the province. MPAC assesses properties every four years, considering factors such as: Location: The neighbourhood or area where your property is located. Size and Lot Dimensions: The square footage of the house and the lot size. Age and Condition: The age of the property and any renovations or upgrades. Comparable Sales: Recent sales of similar properties in the area. Once the assessed value is determined, Burlington applies a municipal tax rate to this value. This rate is set annually by the City of Burlington and the Halton Region, reflecting the budgetary needs of the local government and the region. Property taxes are a combination of the municipal rate and the education rate (set by the provincial government to fund public education). Want to know how your home's assessed value is determined? Go to About My Property  If you still disagree with MPAC’s assessment or classification of your property, you can choose to either file a Request for Reconsideration (RfR) with MPAC or file an appeal directly with the Assessment Review Board (ARB). According to MPAC: "Due to the COVID-19 pandemic, the Ontario government has postponed the 2020 Assessment Update. On August 16, 2023, the Ontario government filed a regulation to amend the Assessment Act, extending the postponement of a province-wide reassessment through the end of the 2021-2024 assessment cycle. Property assessments for the 2023 and 2024 property tax years will continue to be based on fully phased-in January 1, 2016 current values." If you are a first-time home buyer visit First-time Homeowners’ Hub 2. The Components of Property Taxes in Burlington Property taxes in Burlington are composed of three primary components: Municipal Taxes: Fund local services such as road maintenance, snow removal, parks, libraries, and public transit. This portion is set by the City of Burlington. Regional Taxes: Fund services provided by the Halton Region, including waste management, social services, health services, and regional roads. Education Taxes: Fund public schools and are set by the provincial government. Each year, Burlington’s City Council and Halton Region Council review their budgets to determine the municipal and regional tax rates. The Ontario Ministry of Finance determines the education tax rate. The combined rate is then multiplied by the assessed value of your property to calculate your total property tax bill. Check out the City of Burlington Tax Split click here 3. Understanding Your Property Tax Bill Your property tax bill in Burlington is typically issued twice a year, with interim and final installments: Interim Bill: Sent early in the year, usually covering about 50% of the previous year's total property tax amount. This bill helps the city manage its cash flow early in the year. Final Bill: Sent later in the year, it reflects any changes in the tax rate or property assessment. It covers the remaining amount owed for the year. These bills will clearly indicate the amount payable and the due dates. Property taxes can be paid in several ways, including online banking, pre-authorized payment plans, in-person at City Hall, or by mail. 4. Property Tax Relief Programs and Rebates Burlington offers several property tax relief programs and rebates to support specific groups of homeowners: Senior Homeowners: Seniors may qualify for a deferral program that allows them to defer payment of a portion of their property taxes until the home is sold or ownership changes. Low-Income Homeowners: A deferral program is also available for low-income property owners to ease the burden of property tax payments. Charitable Organizations and Vacant Commercial/Industrial Property: These entities may be eligible for partial rebates. These programs are designed to help alleviate the financial burden for qualifying property owners. Eligibility criteria and application deadlines vary, so it’s important to check with the City of Burlington for the most up-to-date information. For The City of Burlington Rebates and Deferrals click here 5. Tips for Managing Your Property Taxes Stay Informed: Keep up with any changes in municipal, regional, or education tax rates, as they can fluctuate based on government budgets. Appeal Your Assessment: If you believe your property has been over-assessed by MPAC, you have the right to file a Request for Reconsideration (RfR) to potentially lower your assessed value and, consequently, your tax bill. Take Advantage of Payment Options: Consider enrolling in pre-authorized payment plans to spread your tax payments over several months rather than paying in lump sums. 6. The Impact of Property Taxes on Buying or Selling a Home For home buyers, understanding property taxes is essential to budgeting effectively. When buying a home in Burlington, consider the annual property tax costs as part of your overall expenses. For sellers, an accurate understanding of property taxes can help in pricing the home appropriately and explaining tax costs to potential buyers. For Professional Real Estate Broker consultation, contact your local Burlington Market expert Roshan Basnet  7. Conclusion: Staying Informed and Proactive Property taxes in Burlington, ON, are a necessary aspect of homeownership, supporting essential community services and infrastructure. By understanding how they are calculated, what they fund, and how to manage them effectively, you can navigate the process with ease. Staying informed about local tax rates, taking advantage of available relief programs, and ensuring your property assessment is accurate can help you manage these costs confidently. If you have more questions or need further assistance understanding property taxes or any other aspect of the real estate market, feel free to reach out to me. As your trusted local real estate expert, I’m here to help guide you through every step of your homeownership journey in Burlington. Wondering how your City of Burlington Property Taxes are used? Click Here Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey. 

7 Essential Tips to Get Approved for a Mortgage in Today's Market Buying a home is a major financial commitment, and getting approved for a mortgage is a crucial first step. As a realtor with deep experience in the Oakville and Burlington markets, I've seen what it takes to secure mortgage approval. Here are Seven Essential Tips to help you navigate the process confidently. 1. Check and Improve Your Credit Score: Lenders rely heavily on your credit score to assess risk. Review your credit report, correct any errors, and work on improving your score by paying off debts and avoiding new ones. Your credit score is a snapshot of your overall financial health, so it’s important that you know what yours is. In Canada, credit scores run from 300 to 900 across five categories: Poor, Fair, Good, Very Good and Excellent. Ideally, you want your score to be at least 660, but higher is always better. 2. Save for a Larger Down Payment: A substantial down payment not only reduces your mortgage amount but also makes you a more attractive borrower. Aim for at least 20% to avoid CMHC insurance and secure better rates. What’s the minimum down payment for mortgage approval?  In Canada, there are minimum down payment requirements based on the home’s price:  Less than $500,000: The minimum down payment is 5% of the purchase price. $500,000 to $999,999: You’ll need 5% of the first $500,000 and 10% for the portion of the purchase price above $500,000. $1 million+: 20% of the total purchase price at minimum. In Canada, a down payment of less than 20% of the home’s purchase price requires the buyer to buy mortgage loan insurance. Paying these insurance premiums will increase your monthly mortgage payment. 3. Maintain Stable Employment and Income: Lenders prefer consistent income. If you're considering a job change, waiting until after your mortgage approval is ideal. Having a full-time job is a strong indicator of stable, long-term income, which is attractive to lenders. A longer tenure with your current employer further strengthens your application, although other factors are also considered. If you’re applying with a partner, both having full-time employment provides an even stronger financial profile. If you're self-employed, securing a mortgage can be more challenging. You'll need to provide comprehensive documentation of your business and income over several years to prove your financial stability and ability to meet mortgage payments. To improve your chances, consider consulting with a licensed mortgage broker who can help you prepare a strong application by leveraging their expertise and understanding of the mortgage market. 4. Pay Down Existing Debts: Lowering your debt-to-income ratio by paying down debts can improve your mortgage eligibility. Focus on clearing high-interest debts first. 5. Get a Mortgage Pre-Approval: A pre-approval shows sellers you’re a serious buyer and gives you a clear understanding of your borrowing capacity. It also locks in an interest rate for a specified period. A mortgage pre-approval is when a lender reviews your financial details and approves you for a specific mortgage amount, interest rate, and term. This pre-approval is typically valid for 90 to 120 days, depending on the lender, allowing you time to find a home while securing a favourable mortgage rate. 6. Shop Around for the Best Mortgage Rate: Don’t settle for the first mortgage offer. Compare rates from multiple lenders, including banks, credit unions, and mortgage brokers, to ensure you get the best deal. To Speak to an Experienced Mortgage Broker contact Ming Wong. 7. Understand Your Affordability Limits: Know how much house you can afford based on your income, debt, and down payment. This knowledge helps avoid disappointment and narrows down your home search to suitable properties. You should also factor in other purchasing costs, like home inspections and closing costs (usually about 3-4% of the purchase price).    As a seasoned realtor in the Oakville and Burlington areas, I’m here to guide you through every step of your home-buying journey. Let’s work together to make your dream home a reality!

Selling Your Home in the Winter: Pros, Cons, and Key Tips Winter can be a unique time to sell a home. While many homeowners shy away from listing their properties during the colder months, there are both advantages and disadvantages to selling in the winter. For buyers and sellers alike, understanding these factors can help make informed decisions. Let’s dive into the pros and cons of selling your home in the winter, what it means for both buyers and sellers, and how to prepare for a successful winter sale. Pros and Cons of Selling a Home in Winter Pros of Selling a Home In Winter: Less Competition: Fewer homes are typically listed for sale during the winter months. This means your property can stand out more in a less crowded market. Serious Buyers: Buyers who are looking for homes in the winter are often more motivated and serious. They may need to move due to job relocation, family reasons, or other commitments, which can lead to quicker sales. Quieter Open Houses: With fewer looky-loos and more dedicated buyers, sellers might experience fewer disruptions from casual visitors and more engagement with genuinely interested parties. Cons of Selling a Home in Winter: Market Slows Down: The real estate market generally slows down in winter due to the holidays, colder weather, and less daylight. There may be fewer buyers actively searching, which can mean longer days on the market. Home Presentation Challenges: Snow, ice, and dreary weather can impact curb appeal and make it harder to showcase outdoor features like landscaping, gardens, pools, and patios. Logistical Issues: Winter weather can also cause logistical challenges, such as snow-covered driveways, icy paths, and more difficult conditions for moving and home showings. What Winter Selling Means for Buyers and Sellers For buyers, winter can be a good time to find deals. With fewer buyers in the market, there is less competition, which could mean more room for negotiation. However, the reduced inventory might limit choices, so buyers may need to act quickly when they find a suitable property. For sellers, winter offers an opportunity to connect with serious, motivated buyers. While the market is slower, the buyers who are actively looking are often more focused and ready to make a decision. Sellers won’t have to deal with as many “tire-kickers,” meaning less disruption from casual viewers and a better chance of a swift sale to a committed buyer. Preparing Your Home to Sell Before Winter   To make the most of selling in winter, preparation is key. Here are some tips to help your home stand out: Capture Summer Photos Early: One of the best strategies is to plan ahead by taking photos and videos of your home in the late summer or early fall. This allows you to showcase your backyard, garden, pool, and deck in their best condition. High-quality photos of a sunlit yard and vibrant landscaping can make your listing stand out among the winter competition. Highlight Indoor Comfort: Make your home feel warm and welcoming. Stage it with cozy touches like throw blankets, soft lighting, and a roaring fireplace (if available). Ensuring your home is well-heated and free from drafts can make a positive impression on potential buyers. Improve Curb Appeal: Even in winter, curb appeal matters. Keep driveways, walkways, and entry areas clear of snow and ice. Consider adding winter-friendly plants or decorations to create a welcoming entrance. Be Flexible with Showings: Winter weather can be unpredictable, so be prepared to adjust showing schedules if necessary. Flexibility can make it easier for serious buyers to view your home when the conditions are right. Timing Your Winter Sale: When to Speak with a Realtor? If you’re considering selling your home during the winter months, it’s never too early to start planning. Ideally, homeowners should begin discussions with a Realtor in the late summer or early fall. This allows time for preparations such as home staging, professional photography, and necessary repairs or updates. Why Speak to a Local Realtor? Working with a local Realtor is essential, especially when selling in winter. Local Realtors know the market trends in your area, understand seasonal changes and have a network of contacts to help promote your home. They can offer specific advice tailored to your neighbourhood, ensuring your home is priced right and marketed effectively to attract serious buyers. Local Realtors are also familiar with the unique challenges and opportunities of selling in the winter months. They can provide guidance on staging, pricing strategies, and the best times to schedule showings, making the process as smooth as possible. Final Thoughts: Selling Your Home in Winter Can Be a Great Opportunity Selling your home in winter may seem daunting, but it can be a smart move with the right preparation and strategy. With fewer homes on the market, serious buyers actively looking, and the ability to stand out with a well-presented listing, winter can offer unique advantages for sellers. By starting early, capturing the best photos, and working with a local Realtor who understands your market, you can maximize your chances for a successful sale. If you're thinking about selling in the winter, reach out to your local Realtor today to start planning and making the most of this season’s opportunities! Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey. 

Oakville, Ontario Real Estate Market Report - July 2024 Market Overview: In July 2024, Oakville's real estate market exhibited signs of stability with a total of 184 property sales, a modest 3% increase from July 2023. While the average sale price dipped slightly, the market is characterized by increased inventory, longer days on the market, and competitive pricing dynamics. Sales and Pricing Insights:  Total Sales: The market saw 184 total sales, up 3% from last year, indicating consistent demand in Oakville despite economic headwinds. Average Sale Price: The average sale price across all property types was $1.5 million, reflecting a 4% decrease from the previous year. This suggests some price adjustment as the market responds to increased inventory and buyer expectations. Average Days on Market (DOM): Homes spent an average of 28 days on the market, slightly above the 20-day average from June, hinting at more cautious buyer behaviour or increased negotiation time. Detached Homes: Sales and Listings: There were 87 detached home sales, a 7% increase compared to last year, but with a substantial number of active listings (478) and a total of 273 new listings for the month, the market shows signs of increased competition among sellers. Average Price: The average price for detached homes was $2 million, down 5% year-over-year. Days on Market: Detached homes took an average of 27 days to sell, which is consistent with the overall market but indicates that buyers are taking their time to evaluate options.  Active Listings: The high number of active listings suggests that sellers may need to adjust pricing expectations or enhance property appeal to attract buyers in this competitive segment. Semi-Detached Homes: Average Price: The average price for semi-detached homes was $1.05 million, down 7% from July 2023. The decline in pricing may reflect a buyer's market, where increased inventory is putting pressure on sellers to negotiate. Freehold Townhomes: Average Price: Freehold townhomes bucked the trend with a 7% increase in average sale price, reaching $1.25 million. This segment remains in high demand, likely driven by buyers seeking a balance between space and affordability. Condominiums: Average Price: Condo prices rose by 5% to $862,000. The condominium market continues to attract both first-time buyers and investors, maintaining steady price appreciation. Market Dynamics: New Listings: A significant increase in new listings, up 40% to 599, indicates more sellers entering the market, possibly driven by favourable selling conditions earlier in the year or anticipation of market softening. Sale to List Price Ratio: The average sale price to list price ratio was 96%, suggesting that while homes are selling, many are doing so below the asking price. This is a clear signal of a market where buyers have some leverage in negotiations. Active Listings and Inventory: Active Listings: With 971 active listings at the end of July, the market is experiencing a higher level of inventory compared to previous months. This elevated supply offers buyers more choices but also means sellers might face longer selling times and more price competition. What This Means for Buyers: For buyers, the current market conditions in Oakville present a mix of opportunities. The slight decline in average prices, particularly in detached and semi-detached homes, provides the potential for negotiating favourable deals. The increase in inventory and longer days on the market give buyers more time to make informed decisions. However, the competitive nature of the townhome and condo markets means that buyers should still be prepared to act quickly in these segments. What This Means for Sellers: Sellers should be aware that while the market remains active, the significant increase in listings means more competition. Proper pricing is crucial to attract offers, as evidenced by the 96% sale-to-list price ratio. Homes that are priced competitively and presented well will have the best chance of selling quickly, especially in the townhome and condo markets where demand remains strong. Detached home sellers may need to adjust their expectations, given the higher inventory and slight price softening in this segment. Roshan Basnet is a dedicated real estate professional with a deep-rooted passion for helping clients navigate the Burlington real estate market. With a wealth of experience and an in-depth understanding of local market trends, Roshan provides unparalleled insights and guidance to both buyers and sellers. Known for a client-centric approach, Roshan combines expert market analysis with a personalized touch, ensuring each transaction is seamless and successful. Whether you're looking to find your dream home or achieve the best value for your property, Roshan's commitment to excellence and integrity makes all the difference.  

Burlington Real Estate Market Report – July 2024 In July 2024, the Burlington real estate market has experienced some notable shifts: Total Sales: There were 175 transactions, reflecting a 15% decline from the previous year. This suggests a cooling in market activity compared to last year. Overall Average Price: The average price for properties decreased to $1.1 million, down 4% year-over-year, indicating a slight retreat in market values. Average Days on Market: Properties remained on the market for an average of 27 days, suggesting a relatively stable pace of sales. Property Type Breakdown: Detached Homes: The average price for detached homes is $1.5 million, which represents a 2% decrease. Sales of detached homes have dropped significantly, down 17%, accounting for 78% of total sales. Semi-Detached Homes: The average sale price is $945,000, marking a 10% decrease from last year. This segment is seeing a notable reduction in value. Freehold Townhomes: The average sale price stands at $981,000. This segment has not experienced significant price changes but remains an important market segment. Condo Apartments: The average sale price is $738,000, showing relative stability compared to other segments. New Listings: The number of new listings increased by 15%, totaling 421. This rise in new inventory may contribute to the increased competition among sellers. Summary: The Burlington real estate market in July 2024 shows a mixed picture with overall prices down slightly and fewer sales, particularly in the detached home segment. While new listings have increased, suggesting more options for buyers, the average time on the market and decreased prices in several segments indicate a more competitive environment for sellers. Buyers might find opportunities in the softer price trends, especially in semi-detached homes and condos. What This Means for Buyers and Sellers in Burlington – July 2024 For Buyers: Price Adjustments: With the overall average price and prices for specific property types like detached and semi-detached homes experiencing declines, buyers may find more favourable conditions. This could be an ideal time to secure a property at a lower price compared to previous months or years. Increased Inventory: The 15% rise in new listings means you have a wider selection of properties to choose from. This increased inventory provides more options and potentially better negotiating power. Market Dynamics: Homes are selling in about 27 days on average, indicating that while the market is active, it’s not as frantic as it might have been in previous years. This allows buyers a bit more time to consider their choices and make informed decisions. For Sellers: Pricing Strategy: With the average property prices down 4% and specific segments like detached and semi-detached homes seeing even sharper declines, it’s crucial to price your property competitively. Overpricing could lead to longer market times and increased competition from the growing number of new listings. Increased Competition: The 15% increase in new listings means more competition. To stand out, ensure your property is well-presented and consider highlighting unique features or recent upgrades to attract buyers. Sale Timeline: Homes are staying on the market for an average of 27 days. While this is relatively stable, be prepared for a potentially longer selling process due to the increased inventory and slight drop in market activity.   In Summary: For buyers, this is a good opportunity to capitalize on decreased prices and increased inventory. For sellers, staying competitive with pricing and presentation is key in a market with more listings and a slight downturn in prices.   About The Author Roshan Basnet is a dedicated real estate professional with a deep-rooted passion for helping clients navigate the Burlington real estate market. With a wealth of experience and an in-depth understanding of local market trends, Roshan provides unparalleled insights and guidance to both buyers and sellers. Known for a client-centric approach, Roshan combines expert market analysis with a personalized touch, ensuring each transaction is seamless and successful. Whether you're looking to find your dream home or achieve the best value for your property, Roshan's commitment to excellence and integrity makes all the difference.

Market Overview Sales activity in Burlington eased in June (-28%), both compared to last year and the previous month. Similarly, new listings have also declined compared to last month's and last year's levels (-3.5%). This reduction in sales and new listings has created a tighter market in Burlington than in other regions within the historical RAHB board area.  The sales-to-new-listings ratio stands at 48 percent, which means for every 100 new listings 48 were sold in June/2024.  The months-of-supply is at three months which is leaning towards a balanced market. Overall it takes on average 20 days to sell a home in Burlington.  The average home price in Burlington is $1,215,419 which is up by 4.3% compared to the same period last year.  Key Insights for Buyers Inventory and Choices: While the market is tighter, meaning fewer options are available, it's essential to act quickly when you find a property that meets your needs. The limited supply, especially in certain property types, could result in increased competition. Property Types: Condominium Apartments have seen the steepest declines in sales. If you are looking for these types of properties, there is less competition and room for negotiations.  Row Homes: This property types have a months-of-supply of just over one month, indicating a very tight market. Buyers should be ready to move quickly and consider making strong offers to secure a property. Key Insights for Sellers Market Conditions: Although the market isn't as tight as last year, conditions still favour sellers, particularly in the semi-detached and row home segments. With a months-of-supply just over one month for these types, sellers can expect robust demand and potentially quick sales. Detached Homes: While new listings for detached homes remain below long-term trends, the months-of-supply for these properties is around three months. This suggests a balanced market, giving sellers some leverage but also requiring realistic pricing to attract buyers. Strategic Listing: Given that new listings have improved across most property types, sellers must position their properties competitively. Highlighting unique features and ensuring the property is market-ready can attract more buyers in a competitive landscape. Burlington Detached Home Story Lines 1️⃣The number of detached home sales in the Burlington market area decreased by 34 % in June 2024 compared to June 2023.  2️⃣Year-to-date the sales are down ~7.4%  3️⃣The Avg. Sale price in June is up 9% to $1.6M. And year-to-date it is up 4.4%  4️⃣Months of Inventory is 3.03 up 128% 5️⃣Median detached price is $1.3M, that’s the middle price that separates half of listings selling under and above the $1.3M mark. Burlington Townhomes Story Lines 1️⃣The townhome sales in the Burlington market are very strong. Y/Y sales are up 18% and YTD 5%  2️⃣New listings is down 11%  3️⃣The Avg. Sale price is up 3.8%  4️⃣Months of Inventory is tight at 1.4 months. Meaning it is still a Seller’s market for townhomes.  5️⃣The Average Townhome price is $909,265  Condo Market Story Lines 1️⃣Sales are down 50% when compared to the same period last year.  2️⃣Compared to the same period last year, new listings are up 21%  3️⃣The Avg. Sale price is down 4%  4️⃣Months of Inventory of 6  5️⃣Average Condo price is $665,000 Conclusion Whether you're buying or selling in Burlington, understanding the current market dynamics is crucial. Buyers should be prepared for a competitive environment, especially for certain property types, and act swiftly when the right opportunity arises. Sellers, on the other hand, can benefit from the tighter market conditions but should remain strategic in their approach to pricing and marketing their properties. Stay tuned for more updates and insights as we navigate the evolving Burlington real estate market together. If you have any questions or need personalized advice, feel free to reach out! Thinking of moving to Oakville & Burlington in 2024? Contact your local Broker Roshan at 647.818.7373  **********⁣ ⁣Follow @realtorroshan on social media for Real Estate 🏡 news, fun videos, local coffee shop reviews, amazing restaurant introductions and everything Oakville & Burlington. ⁣   Roshan Basnet CRF, FRI⁣ BROKER⁣ Real Broker Ontario Ltd., Brokerage  C: 647.818.7373 ⁣ www.RealtorRoshan.ca

What’s up Oakville & and Burlington, if you are a coffee lover you must try this local cafe Coffeed. The place is run by pure Passionate guys who know their coffee. I had the best reception at this coffee shop. Really cool guys. I had quite a profound experience when I visited recently. Personalized coffee drips. I had Kenyan Light Roast pour over. Pour over means you see them make it right in front of you. c’mon man. That takes time. Hand poured hot water. Not a machine. What a blast. I got my own personalized drip pot and a real double glass cup on a black stone plate (look at the photo).   How do you drink it? You pour your coffee into your Double Wall Glasses from the container as you drink. I swear the flavour and smell the taste changed every pour. Incredible experience.   I also had their cinnamon bun coffeed. It is the best bun I ever had.   My wife tried a Guatemalan Bourbon Medium Roast latte. The artwork was perfected. And it was rich. Zero acidity. Simply smooth coffee. Satisfying.                 I would rate this coffee shop experience very high. The cafe is located 📍3420 Rebecca St, Oakville, ON L6L 6W2 (Great Lakes Blvd /and New/Rebecca Street). Border of Burlington and Oakville. Inside the cafe, you will also see the coffee roasting machine and a gentleman making in-house pumpkin spice flavour at the back (see photo).                       The seating is limited inside. The ambience is lovely. The smell and aroma of coffee will brighten your day. I feel like this is a place where you want to enjoy your coffee seated. Inside. Grab the full experience. You can certainly grab a to-go coffee. Visit this cafe soon and give some love to your local guys. I will be visiting here regularly.   Thank you, Brandon and the crew for a dynamite cafe experience.

According to the Local Real Estate Board RAHB (Realtors Association of Hamilton Burlington), the 2023 average detached home price in Burlington, Ontario was $1,436,180.   In 2023, a total of 146 Detached Homes were sold in the Burlington Real Estate Market for under one million dollars. Burlington is so close to Oakville, Ontario where the average detached home price is $2.2 Million (per July/2023 OMREB report).  As you look at the map of detached homes sales under $1 Million in Burlington; you will notice it is not concentrated in just one area. However, the northwest areas of Burlington neighbourhoods of Brant Hills, Mountain  Side and Palmer show higher sales than other parts of Burlington.  The average selling price of these homes was around $926,000  and they were an average of 1,200 sf with 3 beds and two baths. It took an average of 17 days to sell these homes. The lowest sale price was $625,000 for a Bungalow in the Aldershot area of Burlington.  The majority of sales of these homes were either Bungalows or Split levels. And 30 of these homes were two-storey homes with one-car garage.  There are good opportunities in Burlington, Ontario to get into mature neighbourhoods for under $1 million. When you buy into these types of homes, you have the option to renovate and live or rent it out. Depending on the plans and the location of the property, some homebuyers tear down and build new or add an addition to expand the square footage.  Complete the form to get a list of active detached homes for sale in Burlington.