Question 1

What is the typical home price in Burlington, Ontario?

Accepted Answer

The MLS® Home Price Index benchmark price for Burlington was $850,800 in October 2026, +0.3% vs last year (GTA: -4.3%). The benchmark tracks a typical home, so it moves less than averages do when a few big sales land in one month. Source: Toronto Regional Real Estate Board (TRREB) Market Watch, Burlington, October 2026.

Question 2

How many homes sold in Burlington last month?

Accepted Answer

214 homes sold in Burlington in October 2026, with 417 new listings. Source: Toronto Regional Real Estate Board (TRREB) Market Watch, Burlington, October 2026.

Question 3

How long does it take to sell a home in Burlington?

Accepted Answer

Homes that sold in Burlington in October 2026 took 32 days on average, and sold at 97% of asking. Source: Toronto Regional Real Estate Board (TRREB) Market Watch, Burlington, October 2026.

Question 4

How many homes are for sale in Burlington right now?

Accepted Answer

There were 712 homes for sale in Burlington at the end of October 2026, or 3.6 months of inventory: how long it would take to sell them all at that month's pace if nothing new were listed. Fewer months means homes are selling faster than new ones arrive. Source: Toronto Regional Real Estate Board (TRREB) Market Watch, Burlington, October 2026.

Question 5

Does Burlington have a municipal land transfer tax?

Accepted Answer

No. Burlington has no city land transfer tax, so buyers here pay only Ontario's (Toronto is the only Ontario city with its own). On a home bought for $850,800 (Burlington's October 2026 benchmark), Ontario's land transfer tax is $13,491. First-time buyers can get up to $4,000 of it refunded. Source: Ontario Ministry of Finance land transfer tax rates, October 2026.

Question 6

What is the property tax rate in Burlington?

Accepted Answer

Burlington's 2026 total residential tax rate is 1.015281% of a home's MPAC assessed value (city, Halton Region and education together). MPAC still assesses on January 1, 2016 values, which are roughly 60% of today's prices, so a home that would sell for $850,800 pays about $5,183 a year, as a rough example for a typical home. Your own bill depends on your MPAC assessment. Source: City of Burlington 2026 tax rates; MPAC, 2026.

Question 7

What is the Bank of Canada interest rate right now?

Accepted Answer

The Bank of Canada's policy rate is 2.50% (up 0.25 on October 28), and banks' prime rate is 4.70%. The next decision is December 9, 2026. Source: Bank of Canada, November 4, 2026.

Question 8

What is the posted 5-year mortgage rate in Canada?

Accepted Answer

The big banks' posted 5-year fixed rate is 6.19%, as reported by the Bank of Canada. Most borrowers are offered less. Source: Bank of Canada, November 4, 2026.

Question 9

What are the neighbourhoods in Burlington, Ontario?

Accepted Answer

TRREB reports Burlington in 18 areas: Alton (Alton Village), Appleby (Elizabeth Gardens), Bayview (Aldershot), Brant (Downtown), Brant Hills, Freeman, Headon (Headon Forest), LaSalle (Aldershot), Mountainside, Orchard (The Orchard), Palmer, Rose (Millcroft), Roseland, Rural Burlington (Kilbride, Lowville), Shoreacres, Tansley (Tansley Woods), Tyandaga, Uptown. The names in brackets are what locals usually call them. Source: Toronto Regional Real Estate Board (TRREB) community map, October 2026.

Question 10

Which Burlington neighbourhoods cost the most and least?

Accepted Answer

By MLS® Home Price Index benchmark in October 2026, the highest were Rural Burlington ($1,847,800), Tyandaga ($1,147,700), Shoreacres ($1,103,000), and the lowest were Tansley ($564,300), Uptown ($600,000), Freeman ($641,400). Benchmarks differ partly because the mix of homes differs: areas with more townhouses and condos come out lower. Source: Toronto Regional Real Estate Board (TRREB) MLS® Home Price Index, October 2026.

Burlington questions, answered