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These real estate agents in Burlington, Ontario have the most reviews among sellers.
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Average priced home: $808,000
Average annual income: $50,500
Distance to Toronto (in minutes): 52
Not only is Burlington in a fair distance to bigger cities like Toronto and Hamilton, but it is also one of the most vegan-friendly cities in Ontario. Home to the infamous Kelly’s Bake Shop and Lettuce Love Café, there are many different places to grab a bite to eat and afterwards enjoy a relaxing stroll by the water. Whether you are looking for a detached home, townhome, or condo, Burlington has it all. There are plenty of reputed public schools in the area for kids of all ages, as well as activities to enjoy together as a family, such as having a picnic and enjoying a hike at Mount Nemo Conservation Area or Cherry Hill Gate. See a list of top real estate agents in Burlington to find the best properties in the area.
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A mortgage is a type of loan that is used to buy a home. The repayment of the mortgage to the lender (bank) is typically made monthly or bi-weekly. The payments are a blend of the interest due on the mortgage and the repayment of the principal on the loan. Learn more about mortgage
The down payment is the amount of money you will pay upfront to obtain a mortgage, this can range from 5% to 20% of the home's purchase price. Learn more about down payment
An interest rate is charged with your mortgage since you are borrowing money from the lender. The smaller the amount you borrow, the lower your interest payments will be regardless of the rate of interest being charged.
The mortgage term is the length of time you are locked into the mortgage contract (interest rate, payment frequency, etc). Typically this ranges from 1 to 5 years. The amortization period is the total length of time over which you plan to pay off your mortgage. Typically this is 20 to 30 years.