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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.

Last Updated: 16 Jun, 2019
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Lender Rate Term Amortization Monthly Payment
Xceed Mortgages

Xceed Mortgages

2.77% 5 Year, Fixed Insured 25 years
Marathon Mortgage

Marathon Mortgage

Best overall savings
2.84% 5 Year, Fixed Insured 25 years
DUCA Credit Union

DUCA Credit Union

2.87% 5 Year, Fixed Insured 25 years
B2B Bank

B2B Bank

2.87% 5 Year, Fixed Insured 25 years
MCAP

MCAP

Best overall savings
2.89% 5 Year, Fixed Insured 25 years
Exclusive

Exclusive Lender

Best overall savings
2.89% 5 Year, Fixed Insured 25 years
Right Mortgage

Right Mortgage

2.89% 5 Year, Fixed Insured 25 years
RMG Mortgage

RMG Mortgage

2.89% 5 Year, Fixed Insured 25 years
ICICI Bank

ICICI Bank

2.89% 5 Year, Fixed Insured 25 years
ScotiaBank

ScotiaBank

Best overall savings
2.89% 5 Year, Fixed Insured 25 years
Lendwise

Lendwise

2.89% 5 Year, Fixed Insured 25 years
Street Capital

Street Capital

2.89% 5 Year, Fixed Insured 25 years
TD Bank

TD Bank

2.89% 5 Year, Fixed Insured 25 years
MCAP

MCAP

2.90% 5 Year, Variable Insured 25 years
Meridian Credit Union

Meridian Credit Union

2.90% 5 Year, Variable Insured 25 years
Exclusive

Exclusive Lender

2.90% 5 Year, Variable Insured 25 years
Right Mortgage

Right Mortgage

2.90% 5 Year, Variable Insured 25 years
RMG Mortgage

RMG Mortgage

2.90% 5 Year, Variable Insured 25 years
Lendwise

Lendwise

2.90% 5 Year, Variable Insured 25 years
Street Capital

Street Capital

2.90% 5 Year, Variable Insured 25 years
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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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