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Burlington · Halton Region

Mortgages in Burlington, compared across lenders

We compare banks, credit unions and monoline lenders for your Burlington purchase, renewal or refinance, and explain the trade-offs in plain English.

We help Burlington households buy, renew and refinance by comparing banks, credit unions, trust companies and monoline lenders. In September 2026 the median Burlington sale was $905,500, across 146 sales (Cornerstone Association of REALTORS, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.

Burlington in numbers

These are the latest published figures we could check for Burlington, each with its source and date. They describe the market, not your mortgage.

Home sales, September 2026

Median sale price
$905,500
Average sale price
$1,064,663
Sales
146
Months of inventory
3.6

Months of inventory is how long the homes listed for sale would take to sell at the recent pace of sales. Single-family homes (the board's category, which leaves out semi-detached): 77 sales, median $1,190,000.

Source: Cornerstone Association of REALTORS, Burlington Monthly Indicators, September 2026, Burlington service area, all residential properties (data as of 2 October 2026). Checked October 2026.

Residential property tax rate, 2026

Total rate, urban area
1.015281%

Made up of City general 0.461570% + City urban service area 0.066536% + Halton general 0.173991% + Halton police 0.138835% + Halton basic waste 0.018476% + Halton enhanced waste 0.002873% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.

Source: City of Burlington By-law 24-2026 (2026 tax levy), Schedules A to D, passed 21 April 2026. Checked October 2026.

Renting, October 2025

Average two-bedroom rent
$1,656 a month
Vacancy rate
3.6%

A year earlier the rent was $1,632 and vacancy 2.4%. The survey covers purpose-built rental apartments in private buildings of three or more units.

Source: CMHC Rental Market Survey, Table 1.0, published 11 December 2025, Hamilton CMA (census metropolitan area). Checked October 2026.

Households, 2021 Census

Households that own
75.1%
Median household income (2020)
$110,000

City of Burlington (census subdivision 3524002): 73,180 households, population 186,948. Income is for 2020, the year before the census.

Source: Statistics Canada, 2021 Census of Population, Census Profile, City of Burlington (census subdivision 3524002). Checked October 2026.

GO Lakeshore West line to Union Station

Scheduled time
52 min

GO train stations: Aldershot, Burlington and Appleby. The time is for the weekday 6:40 and 7:10 a.m. trains from Burlington station, which skip some stops after Clarkson.

Source: GO Transit schedule, table 01 (Lakeshore West line), effective 26 October 2026. Checked October 2026.

What's different about borrowing in Burlington

  • Burlington is in Halton Region, so a purchase pays Ontario's land transfer tax and not Toronto's. Our land transfer tax calculator shows the amount.
  • Burlington's 2026 residential property tax rate is 1.015281% of the home's assessed value in the urban area, counting the City, Halton Region and education lines (City of Burlington By-law 24-2026, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
  • A two-bedroom apartment in the Hamilton census metropolitan area (CMA), which includes Burlington, rented for $1,656 a month on average in October 2025, up from $1,632 a year earlier (CMHC, checked October 2026). Vacancy was 3.6%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
  • In the 2021 Census, 75.1% of households in the City of Burlington owned their home, and the median household income in 2020 was $110,000 (Statistics Canada, checked October 2026).
  • The GO Lakeshore West line stops at Aldershot, Burlington and Appleby. Weekday morning trains from Burlington station are scheduled to reach Union Station in 52 minutes (GO schedule effective 26 October 2026, checked October 2026). If you will commute, put the fare in your budget next to the mortgage payment.

Outside Toronto you pay Ontario's land transfer tax only — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.

Who we help in Burlington

We help Burlington households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.

On a rural property with a well and septic system, lenders may ask for a water test and a septic inspection. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.

Questions from Burlington borrowers

Can I get a bank mortgage on a rural property in Burlington?

Usually, yes, for a home on a residential-sized lot. Lenders may ask for a water test and a septic inspection, and some limit how much land they will lend on. We check that before you make an offer.

Do I pay Toronto's land transfer tax in Burlington?

No. Burlington is in Halton Region, so only Ontario's land transfer tax applies.

Illustrative, not a quote: on the September 2026 median Burlington sale of $905,500, Ontario's tax is $14,585, or $10,585 if you qualify for the full $4,000 first-time buyer refund (Cornerstone Association of REALTORS median and ontario.ca brackets, checked October 2026).

This is our arithmetic. 0.5% of the first $55,000 is $275, and 1% of the next $195,000 is $1,950. Then 1.5% of the next $150,000 is $2,250, and 2% of the last $505,500 is $10,110.

Your lawyer works out the exact amount at closing.

My renewal is coming up. Should I compare offers?

Yes. Your renewal letter is one offer. At the end of the term you can switch lenders without a prepayment penalty, and if staying is the better deal, we say so.

Nearby: Oakville · Hamilton · Milton

General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.

Sources

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Talk to a broker about your Burlington mortgage

Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.

You can also call us at (416) 371-2077.

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We use these details to call you back about your mortgage, and store them in Canada. If we introduce you to a partner broker, we tell you first and share only what you have given us here. See our privacy policy. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722. A pre-approval or quote is subject to lender approval.