Frequently AskedQuestions

In Ontario, the seller typically pays the real estate commission for both the listing agent and the buyer's agent. As a buyer, you generally pay nothing out of pocket for realtor representation. For sellers, commission rates are negotiable and typically range from 3.5–5% of the sale price.

The process typically takes 60–90 days from the start of your search to closing day. However, this varies depending on market conditions, your specific criteria, and how quickly you find the right home. The closing period (from accepted offer to possession) is usually 30–90 days and is negotiated as part of your offer.

A home evaluation is a professional assessment of your property's current market value based on recent comparable sales, your home's condition, and current market trends. Yes — our evaluation is completely free and there is absolutely no obligation to list with us or anyone else.

This depends on your financial situation and risk tolerance. Selling first gives you a firm budget but may require temporary housing. Buying first ensures a seamless move but requires carrying two properties temporarily. We'll analyze your specific situation and recommend the best strategy for you.

Burlington's market remains one of the most resilient in the GTA, with consistent demand driven by excellent schools, waterfront lifestyle, and strong community amenities. Average home prices typically range from $800K for condos and townhomes to $1.5M+ for detached homes. Contact us for the most current market data.

We strongly recommend a home inspection for every purchase. While waiving inspection conditions became common in the heated 2020–2022 market, conditions have normalized and buyers can once again protect themselves with thorough due diligence. Our team can recommend trusted, certified inspectors.

Ontario Land Transfer Tax applies to all property purchases. Rates range from 0.5% to 2.5% of the purchase price (higher rates apply above $2M). First-time buyers may qualify for a rebate of up to $4,000. We'll provide a complete closing cost estimate before you make any offers.

Simply contact us and we'll prepare a comprehensive equity report showing your home's estimated current value, your estimated equity position, and current market comparisons. This is free, confidential, and requires no commitment.

In Canada, the minimum down payment is 5% on the first $500,000 of the purchase price and 10% on the portion between $500,000 and $1,499,999. For homes priced at $1.5 million or more, a minimum 20% down payment is required. If your down payment is less than 20%, you'll also need CMHC mortgage insurance. Use our mortgage calculator to see exactly how your down payment affects your monthly costs.

Closing costs in Ontario typically range from 1.5% to 4% of the purchase price above your down payment. They include Ontario Land Transfer Tax, legal fees ($1,500–$2,500), title insurance ($300–$500), home inspection ($400–$600), property tax adjustments, and moving expenses. On an $850,000 Burlington home, expect approximately $18,000–$25,000 in total closing costs. First-time buyers may qualify for a land transfer tax rebate of up to $4,000.

The mortgage stress test requires all Canadian buyers — even those with 20%+ down — to qualify at either the Bank of Canada's benchmark rate (currently around 5.25%) or their contracted rate plus 2%, whichever is higher. This means you may qualify for less than expected. For example, even if your lender offers 4.5%, you must prove you can afford payments at 6.5%. Our affordability calculator factors in the stress test so you know your real budget before you start looking.

A fixed-rate mortgage locks your interest rate for the entire term (typically 3–5 years), giving you predictable monthly payments. A variable-rate mortgage fluctuates with the Bank of Canada's prime rate — you may pay less when rates drop but more when they rise. Historically, variable rates have saved borrowers money over time, but fixed rates offer peace of mind. Most Burlington buyers in the current market are choosing fixed rates for stability. We can connect you with trusted mortgage brokers to find the best option for your situation.

Most Canadian lenders require a minimum credit score of 620 for a conventional mortgage, though 680+ will get you the best rates and terms. For insured mortgages (less than 20% down), a score of 680+ is typically required. If your score is below 620, you may still qualify through alternative or private lenders at higher rates. Improving your credit score before applying — by paying down debt, avoiding new credit inquiries, and keeping utilization below 30% — can save you thousands over the life of your mortgage.

Yes — we strongly recommend getting pre-approved before you start looking at homes. Pre-approval tells you exactly how much you can borrow, locks in your interest rate for 90–120 days, and shows sellers you're a serious, qualified buyer. In competitive Burlington and Hamilton markets, offers without pre-approval are often not considered. The process takes 1–3 business days and requires proof of income, employment, assets, and a credit check. Contact us and we'll connect you with a trusted mortgage professional.

On closing day, your lawyer transfers the remaining purchase funds to the seller's lawyer, registers the property title in your name, and provides you with the keys — typically by early afternoon. Before closing, you'll have completed a final walkthrough to confirm the property's condition, signed mortgage documents, and provided your lawyer with a certified cheque or wire transfer for the balance owing (down payment minus deposit, plus closing costs). We guide our clients through every step so there are no surprises. Learn more about our buyer process.

Burlington property taxes are based on the assessed value of your home multiplied by the municipal tax rate. For 2026, the combined residential tax rate is approximately 0.85–0.95% of your home's MPAC assessed value. On a home assessed at $800,000, that's roughly $6,800–$7,600 per year ($567–$633/month). Keep in mind that assessed values are often lower than market value. Property taxes fund local schools, roads, parks, emergency services, and community programs. Use our mortgage calculator to see how property tax impacts your total monthly housing cost.

The rent vs. buy decision depends on your financial situation, timeline, and goals. In Ontario, average rents have risen significantly — a 2-bedroom in Burlington now rents for $2,200–$2,800/month, which is often comparable to mortgage payments on a condo or townhome. Buying builds equity and offers long-term wealth, while renting provides flexibility. Generally, if you plan to stay in an area for 5+ years and have a stable income with a down payment saved, buying tends to be the better financial decision. Our affordability quiz can help you see where you stand.

A competitive offer involves more than just price. Key factors include a strong deposit (typically 3–5% of the purchase price), mortgage pre-approval, flexible closing dates, and a clean offer with reasonable conditions. In multiple-offer situations common in Burlington and Oakville, we advise on strategic pricing based on comparable sales, neighbourhood trends, and seller motivation. Sometimes a well-structured offer at a fair price beats a higher but riskier one. Our team has won competitive offers for hundreds of buyers — let's talk strategy.

Burlington's top family-friendly neighbourhoods include Alton Village (newer builds, excellent schools, parks), Headon Forest (mature trees, community feel, top-rated schools), and Tyandaga (ravine lots, close to nature trails). Each offers a different lifestyle and price point. For a detailed breakdown of schools, parks, and home prices by area, explore our Burlington neighbourhoods guide or take our neighbourhood match quiz.

Selling for top dollar requires strategic pricing, professional staging, high-quality photography, targeted marketing, and expert negotiation. Overpricing is the #1 mistake sellers make — homes that sit on the market lose buyer interest and often sell for less than market value. Our seller services include a comprehensive market analysis, professional staging consultation, professional photography and video, MLS and social media exposure, and skilled negotiation. Start with a free home evaluation to see what your property is worth today.

Both cities offer excellent schools, safe neighbourhoods, and lakefront living — but they differ in price point, character, and lifestyle. Burlington tends to be slightly more affordable with a vibrant downtown core and strong community feel. Oakville skews higher in average home prices with a more established luxury market. Commute times to Toronto are similar via GO Transit. We've helped hundreds of families make this exact decision. Read our detailed Burlington vs. Oakville comparison guide for a full breakdown.

Ontario first-time buyers can take advantage of several programs: the Ontario Land Transfer Tax Rebate (up to $4,000), the First Home Savings Account (FHSA) for tax-free down payment savings, the Home Buyers' Plan allowing up to $60,000 withdrawn from your RRSP tax-free, the federal First-Time Home Buyer Tax Credit ($10,000 non-refundable), and the new 30-year amortization option for insured mortgages on new builds. These incentives can save you $10,000–$20,000+. Read our complete first-time buyer guide for step-by-step details.

If you're selling your principal residence, the gain is generally tax-free under Canada's Principal Residence Exemption. However, if you're selling an investment property, rental property, or cottage, 50% of the capital gain (the difference between what you paid and what you sold for, minus eligible expenses) is added to your taxable income. As of 2024, capital gains above $250,000 are included at a 66.7% rate. Proper tax planning and record-keeping are essential — especially for investors with multiple properties. Read our capital gains tax guide for details.