HomebuyingDoes it ever make sense to buy a cottage before you buy a house?
Cottages are often cheaper than homes in major cities, and provide excellent rental opportunities.
Compare the best mortgage rates in Burlington. Show off your savvy.
Find the best rate in just seconds.
Compare mortgage rates in Burlington.
Mortgage rates in Canada are near record lows right now, and Burlington is no exception. If you’re a homebuyer in Burlington, it’s smart to compare rates at LowestRates.ca — we let you see the best offers from over 30 brokers and banks in the city, together and all in one place.
Focus On
Burlington housing.
If you think home prices in Burlington have surged over the past couple years, that’s because they have. Average prices are up nearly $150,000 since 2014, and now hover right around $700,000. Affluent neighbourhoods like Shoreacres, Orchard, Tyandaga, and Roseland have shown particularly strong price increases.
The Burlington economy continues to impress, which may lead to house price gains in 2017 if mortgage rates stay low.
Average Home Prices in Burlington
| Date | Home Prices |
|---|---|
| Q1/13 | $514,918 |
| Q2/13 | $517,097 |
| Q3/13 | $525,355 |
| Q4/13 | $500,264 |
| Q1/14 | $559,833 |
| Q2/14 | $554,987 |
| Q3/14 | $551,989 |
| Q4/14 | $569,864 |
| Q1/15 | $573,212 |
| Q2/15 | $604,101 |
| Q3/15 | $590,535 |
| Q4/15 | $615,858 |
| Q1/16 | $646,552 |
| Q2/16 | $693,451 |
| Q3/16 | $701,573 |
About Burlington.
Burlington is home to more than 175,000 people, according to the most recent census. At the western end of Lake Ontario, the city boasts a vibrant waterfront and some of the region’s best attractions, including Canada's Largest Ribfest and the Sound of Music Festival.
The climate in Burlington is pretty good too, thanks to the tempering effect of the lake and the Niagara Escarpment. Add in a charming downtown, and a strong job market and it’s little wonder why Burlington ranked #2 in MoneySense Magazine’s “Best Places to Live 2016” city comparison.
Mortgage news
Homebuying Read the Story
EconomyAre Canadians slowing their spending in preparation for a recession?
More than half of Canadians said there’s at least a “somewhat likely” chance of a recession this year in a recent survey for Bloomberg News.