Burlington Housing Market

With great access to both Hamilton and Toronto, Burlington is an excellent city for commuters. With house prices so high in Toronto, commuters willing to take the GO train into to Toronto for work will certainly see Burlington as an attractive and affordable option.

Much like the rest of the GTA, Burlington’s housing market as of March, 2018 is down from last year – however, this is due to the frenzied increase of year-over-year prices that saw a spike of 20% or more. Currently, the trend is stable when compared to 2016. Housing prices haven’t moved much since October of 2017, up only 1.6%.

Burlington’s housing prices are expected to remain the same or fall slightly by the end of 2018.

Sellers are waiting longer for sales after listing – the average time waited for a detached home to close is 41 days, and for a condo it’s 39 days.

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Last Updated: 12 Apr, 2021

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Lender	Rate	Term	Amortization
Meridian Credit Union	1.35%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Marathon Mortgage	1.35%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
ScotiaBank	1.40%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Merix Financial	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Exclusive Lender	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Exclusive Lender	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
Right Mortgage	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
First National	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
RMG Mortgage	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
ScotiaBank	1.45%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
ScotiaBank	1.45%	5 Year, Variable	Uninsured 30 years	Get Rate favourite compare
ScotiaBank	1.45%	5 Year, Variable	Uninsured 30 years	Get Rate favourite compare
Lendwise	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
B2B Bank	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
MCAP	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
CMLS	1.45%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
ICICI Bank	1.50%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
TD Bank	1.50%	5 Year, Variable	Insured 25 years	Get Rate favourite compare
MCAP	1.50%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare
Merix Financial	1.55%	5 Year, Variable	Insurable 25 years	Get Rate favourite compare

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About Burlington

Burlington is a city in the Regional Municipality of Halton at the northwestern end of Lake Ontario. Along with Milton to the north, Burlington forms the westernmost end of the Greater Toronto Area, while its metropolitan census area is part of Hamilton. Burlington lies between Lake Ontario's north shore and the Niagara Escarpment. Economically, Burlington is strategically located near the geographic centre of the Golden Horseshoe, a densely populated and industrialized region of over 8 million people.

Burlington has a great view of Lake Ontario, as it is right at the westernmost tip. The Burlington Skyway, a 2.2 km long bridge over the lake, connects Burlington to Niagara via the QEW. Highway 6 leads directly to Guelph.

Located on a GO train corridor, it takes exactly 1 hour to reach Toronto from Burlington – and you get to skip traffic!

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