There are many reasons to love Burlington. This city is vibrant and has a lot to offer. Located on the shore of Lake Ontario, Burlington combines urban living with a serene suburban vibe.
The city is located close to Toronto, so it allows the residents to enjoy all the metropolis amenities. At the same time, Burlington is much calmer, with a more peaceful atmosphere. This means the residents can escape Toronto’s buzz and chill near the beautiful waterfront.
All things considered, checking new condos in Burlington is always a good idea. Chances are, this city may pleasantly surprise you.
With an abundance of new condos in Burlington, potential investors have a lot of opportunities. But before making a commitment and putting your money into a new project, you might want to check whether Burlington is a good place to invest in.
The short answer is: yes, Burlington is a good city for both investment and life. And there are many reasons for that.
The favorable location of Burlington is probably the most important among them. Being only a short drive away from Toronto’s downtown, Burlington is connected to all the main attractions, amenities, and countless employment centers. Proximity to Toronto allows Burlington residents to take benefit of all the perks the metropolis has to offer. At the same time, the cost of living in Burlington is lower than in Toronto, so it’s a win-win situation: they can live in more affordable suburbs without giving up the big city conveniences.
As more and more people give their preference to calmer neighborhoods like Burlington (rather than the buzzing Toronto), the population of the area keeps growing. Currently, there are around 180,000 residents in Burlington, and the numbers constantly increase. With them, the demand for housing grows as well. Additionally, the vacancy rate in the city is only 1.1%. With all that in mind, you can be sure that investing in Burlington real estate can be quite favorable. You will always have potential tenants (or buyers) in the future.
And if aren’t planning to lease your unit out (or sell it later) but want to live in Burlington yourself, that would also be a good idea. Burlington has a lot to offer, including economic diversity, a good number of jobs, and business opportunities. There’s a lot to do in the city, whether you are moving with family or not. Plus, you will get plenty of room to grow professionally, as Burlington is constantly changing and becoming more urbanized.
The number of brand new condos for sale in Burlington is growing, and it’s always helpful to watch the real estate market. While it had to face some shifts because of the pandemic, the housing market in Burlington is evolving, which results in gradual price changes.
The current average condo price is $611,000. Now, the actual price will depend on the unit type you are planning to buy, so here are the average numbers:
Unit type
Average price
1 bedroom
$420K
2 bedrooms
$620K
3 bedrooms
$790K
Experts predict at least a 3% to 4% growth during the remainder of the year, so now might be the best time to invest. On average, new listings spend around 18 days on the market as the housing demand is growing exponentially.
Now, if you want to invest in a new condo under construction to lease your suite out, check the average rent costs in Burlington:
Unit type
Average rent cost (per month)
1 bedroom
$1,800
2 bedrooms
$2,020
3 bedrooms
$2,290
The List of Brand New Condos for Sale in Burlington
Location: 2101 Old Lakeshore Rd, Burlington, ON L7R 1A4
Developer: Core Development Group
Storeys: 27
Estimated completion: to be announced
About: This new 27-storey building under construction can win almost any buyer over with its superb location and stylish, modern design. The Burlington Waterfront Condos will combine urban living with the beauty and serenity of nature. The residents can expect tall windows, breathtaking views, and airy layouts in every suite. The large glass balconies will offer extra space where you could enjoy your morning coffee looking at Lake Ontario.
Location: 490 – 492 Brock Ave, Burlington, ON L7S 1N1
Developer: Molinaro Group
Storeys: 21
Estimated completion: 2022
About: Aiming to bring a new era of luxurious urban living to Burlington, the Illumina Condos is a bold, promising project. Currently under construction, the building is going to feature lots of glass details, sleek lines, and spacious units inside. With countless on-site amenities, the residents will also enjoy the panoramic views of the lake, which means they will get both: modern conveniences and the proximity to serene nature.
About: If you are looking to live (or invest) in a stylish and serene environment, the Forest Grove might be ideal for you. This project will offer a perfect balance between an urban lifestyle and cozy living. The building is going to be surrounded by lush gardens and walkable boulevards, all in close proximity to the main amenities, schools, and entertainment services.
About: These two mid-rise buildings under construction will have a lot to give. Located close to both waterfront and the downtown core of Burlington, the Valera Condos project offers a variety of amenities and facilities, both on-site and nearby. To complement your lifestyle, this new condominium will have a rooftop pool, a pet spa, party and game rooms, meeting spaces, terraces, and more. Whatever you might need, the Valera Condos will have it.
Location: 1335 Plains Road East, Burlington ON L7R 3P7
Developer: DVLP Property Group Inc.
Storeys: 3
Estimated completion: 2021
About: Looking for a combination of elegance and comfort? Then these cozy townhomes by DVLP Property Group would be perfect for you. The Glendor Towns is a new project aimed to deliver the highest living quality. The suites inside will be spacious, with minimalist designs and lots of light. You can expect only the quality finishes, materials, and appliances.
About: Located in the heart of Burlington, the Gallery Condos and Lofts is a stunning building that’s going to change the city’s skyline. This new condominium is close to all the necessary amenities but offers a whole lot of on-site facilities as well. Focusing on stylish and comfortable living, the Gallery Condos and Lofts will offer spacious residential units with tall windows and extensive balconies, so that you could enjoy the best views.
About: The Nautique Lakefront Residences makes a statement with its ultra-modern design and glass details. The building is overlooking the waterfront area, which means you will have the best views. Additionally, you will get tall ceilings, stylish kitchens, expansive windows, and more. Add a vibrant community and countless amenities to the equation, and you will get a perfect place to call home.
No matter what you are looking for, chances are Burlington has it. It’s a great place to live and to invest, and there’s much more to the area than some people think. So, if you are considering investing in pre-construction condos in Burlington, you might want to learn a bit more about the city.
The first thing that might catch your attention in Burlington is the waterfront. Located on the shore of Lake Ontario, the city can boast of marvelous views and picturesque sceneries. That’s one of the reasons why so many people choose to live in new condominiums (because nothing can beat the view of the lake from the top floors).
Additionally, Burlington buildings are hiding among countess green spaces. There are 115 parks in the city, plus hiking trails and expansive walking paths. All of that makes Burlington suitable for different recreational purposes. The city is ideal for someone who wants to remain active and close to nature, with all the modern amenities within reach.
Another thing that might catch your eye is the historical part of the city, with its beautiful heritage homes and a unique vibe. That’s where you can really feel the suburban atmosphere and the serenity of a smaller town.
The education system in Burlington is also worth your attention. There are multiple public and private schools, including Catholic ones. The city can also boast of being home to the McMaster University DeGroote School of Business and the Oxford College of Arts, Business and Technology.
The economy of the region is quite strong and diverse. Thanks to the city’s proximity to many larger industries in Ontario, the local economy has all the conditions for sustained growth. The leading sectors in the city are business services, transportation, environmental, pharmaceuticals, electronics, food processing, etc. The residents of Burlington have an income above average, which is higher than in many Greater Toronto Area cities. The local economy is stable and reliable, which means great conditions for future investments.
Finally, let’s not forget about the accessibility of the city. Luckily, it’s quite easy to get around Burlington and the area. There are multiple GO Train stations, VIA Rail, and countless bus routes available. Additionally, the city has easy access to such major highways as 403, 407, Dundas Street (former Highway 5), and the Queen Elizabeth Way. Living in Burlington, you will easily get pretty much anywhere in the Greater Toronto Area and beyond.
Burlington Waterfront Condos – Easy access to highways 407, 403, and the Queens Elizabeth Parkway. 5 minutes away from the Burlington GO Station.
Illumina Condos – Easy access to the Burlington GO station. Walking distance to the Burlington Transit John Street Terminal. Proximity to the Lake Shore Boulevard West and the Gardiner Expressway.
Forest Grove Condos – Easy access to highways 407 and 403. Multiple bus stops within reach. 10 minutes away from the Burlington GO station (by car).
Valera Condos – Walking distance to the Appleby GO station. Proximity to the Appleby bus stop. Easy access to highway 407.
Glendor Towns – Easy access to highways 403, 407, and the Queen Elisabeth Way. Multiple bus stops within walking distance. 13 minutes away from the Burlington Go station (by foot).
Gallery Condos and Lofts – Proximity to the Burlington GO station (by car or by bus). Easy access to the Queen Elizabeth Way.
Nautique Lakefront Residences – Easy access to the Queen Elisabeth Way and larger town roads (such as Guelph Line and Lakeshore Road). Proximity to the Burlington GO Station.
F.A.Q.
Is Burlington a good place to invest?
Yes. Burlington has a very favorable location in the Greater Toronto Area, which creates many opportunities for employment, business growth, and entertainment. Additionally, Burlington is a great place to live, with lots of green spaces and amenities within reach.
Is Burlington expensive?
Burlington is considered one of the most expensive Greater Toronto Area neighborhoods. The level of life is quite high there, and while most of the amenities are rather reasonably priced (groceries, for instance), rent and real estate prices tend to be quite high compared to some other neighborhoods.
How far is Burlington from Toronto?
The road distance between Burlington and Toronto is 57 km. It would take you around 40-50 minutes to get to Toronto’s downtown from Burlington (depending on the road that you choose).
What is the average condo price in Burlington?
The average condo price in Burlington is $611K. This is the average number among the 1-, 2-, and 3-bedroom suites.
What is the average rent cost in Burlington?
The average rent cost in Burlington is $2,036. The rent cost will depend on the number of bedrooms, location, finishes, nearby amenities, etc.
Request More Information
Get information about new condos, deals and market news in Your Inbox.
Want to buy or sell your condo, townhouse, or house?
Get a free, no-obligation property consultation from one of our experienced team members.Fill out the short form below, and we’ll get back to you within 24 hours!
