Average price, Burlington, all property types
$1,046,822As of October 2026.Source
Median price, Burlington, all property types
$892,000As of October 2026.Source
Months of inventory, Burlington (TRREB trend)
3.6As of October 2026.Source
Population of Burlington, and change since 2016
186,948 (up 2.0%)As of 2021 Census.Source
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Burlington has done something its neighbours have not: in one report’s numbers, its price benchmark edged up while Hamilton’s and the wider Hamilton and Burlington region’s fell. Steadier prices change what the room to borrow looks like.

Burlington’s $1,046,822 average and $892,000 median

TRREB’s October 2026 Market Watch shows 214 Burlington sales at an average of $1,046,822 and a median of $892,000. For the first ten months of 2026 the average was $1,071,566 and the median $934,000. Detached homes averaged $1,376,964 in October, with a median of $1,200,000, while 37 condo apartments averaged $658,858.

Supply is tight. TRREB’s trend measure gives 3.6 months of inventory, the lowest of the Halton municipalities in the table, and homes took 32 days to sell at about 97% of list price. Compare Oakville’s 4.9 months and 95%.

A different source tells a similar story. ViewHomes, republishing data from the Cornerstone Association of REALTORS, reported a Burlington benchmark of $879,800 for October 2026, up 0.3% on a year earlier, and an average of $1,051,747, up 2.2%. It called Burlington the only area in its Hamilton and Burlington region where both rose. The benchmark adjusts for the mix of homes sold, so it is the steadier guide.

A 43.3-year average age and what it means for borrowing

Burlington’s census population in 2021 was 186,948, up 2.0% from 183,314 in 2016, with an average age of 43.3 and about 1,004 residents per square kilometre. Growth was slower than Ontario’s 5.8% over the same years.

Some owners are close to retirement. If that is you, look at what each product does to your estate and your cash flow, including reverse mortgages, which are structured differently from a second mortgage.

A $75,000 loan and a $90,000 loan on two Burlington homes

Run the federal consumer agency’s 80% limit on two owners. The first example above shows a median-priced Burlington home with $233,600 of room, so a $75,000 loan fits easily. The second shows an owner at the average price with $800,000 owing. Equity is $246,822, yet room is $37,458, and a $90,000 loan overshoots it by $52,542.

Which owner you resemble depends mostly on when you bought and how much you have paid down. Put your own numbers into the calculator before talking to anyone.

A second report on tight supply

The ViewHomes report for the Cornerstone data counts 178 Burlington sales in October 2026, down 5.8% from a year earlier, with new listings down 13.8% to 330. Homes sold in 32 days, 23.8% faster than a year ago, and months of supply were 3.4, close to the three-month line that marks a seller’s market. TRREB measures supply at 3.6 months, a small difference caused by how each board counts.

Tight supply is good for resale confidence, which lenders weigh. It does not lift the 80% ceiling or shrink your first mortgage. Treat it as a reason for a lender to be comfortable, not as extra room. If you are comparing offers, ask each lender to show the appraised value it used, since the loan amount follows from that figure and not from the average price in a news report.

What Burlington owners pay on top of interest

Land transfer tax is charged on purchases, and we found no such line for registering a second mortgage on a home you already own. Budget for the lender fee, a broker fee, legal costs, an appraisal and the registration fee, all itemised on the Ontario page.

If the money is for work on the house, read second mortgages for renovations and compare with a home equity loan, which may cost less if a bank will lend.

No Burlington arrears figure, and the regional one

We found no published arrears figure for Burlington alone. Outside this page, CMHC puts Ontario’s arrears at 0.32% in the second quarter of 2026 and expects a rise through mid-2027, concentrated in the Greater Toronto and Hamilton Area and southwestern Ontario. Burlington is next door to Hamilton, but CMHC’s release does not name individual cities.

Verifying a licence for a Burlington file

Ontario private lenders deal with Level 2 mortgage agents and brokers, not with the public directly. Search the FSRA register for the licence number before you pass anything on.

Once your own Burlington numbers are drafted, ask for a licensed second opinion. For nearby markets, compare Oakville and Hamilton.

A Burlington home at the October 2026 median with a $75,000 loan

The $892,000 value is TRREB's October 2026 median price for Burlington, all property types, used as a stand-in for an appraisal. The $480,000 first mortgage and $75,000 loan are made up. The 80% ceiling is the one the Financial Consumer Agency of Canada describes.

Home value used
$892,000
80% of the home value
$713,600

$892,000 times 0.8

Room under the ceiling
$233,600

$713,600 minus $480,000

Combined loan-to-value with the loan
62.2%

$555,000 owed on $892,000

Equity left after the loan
$337,000

A $75,000 loan uses under a third of the room. There is no pressure to take the first offer.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

A Burlington home at the October 2026 average with a bigger first mortgage

The $1,046,822 value is TRREB's October 2026 average price for Burlington, all property types, as a stand-in for an appraisal. The $800,000 first mortgage and $90,000 loan are made up.

Home value used
$1,046,822
80% of the home value
$837,458

$1,046,822 times 0.8, rounded

Room under the ceiling
$37,458

$837,458 minus $800,000

Loan wanted
$90,000
Combined loan-to-value if the full loan were made
85.0%

$890,000 owed on $1,046,822

Amount the loan exceeds the room by
$52,542

Equity is $246,822, but the loan is $52,542 beyond a typical ceiling. A smaller amount or a different plan is needed.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

Questions people ask

Why do two sources give Burlington different average prices?

TRREB reported $1,046,822 for October 2026 and a Cornerstone-based report gave $1,051,747. Boards count different listing systems and sold dates. The gap is $4,925, small enough that either works as a rough guide. Neither replaces an appraisal.

Does a rising benchmark price mean I can borrow more in Burlington?

A benchmark adjusts for the mix of homes sold, so a 0.3% rise in October 2026 suggests values held. It does not change the 80% ceiling, and your lender will still value your own home. Treat steadiness as helpful, not as extra room.

How does Burlington's age profile affect borrowing choices?

The 2021 Census puts the average age at 43.3. That is a city average, not a rule for you. Owners nearer retirement may want to read about reverse mortgages, which work differently from second mortgages and have their own costs and risks.

What do Burlington condo owners average in TRREB's data?

TRREB's October 2026 table shows condo apartments in Burlington averaging $658,858, with 37 sales. The sample is small, so one month tells you little. A lender will look at your building and unit, not the average.

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Sources