Foreclosures
  
Nov 2020 Abbotsford Detached
Nov 2020 Burnaby Attached
Nov 2020 Burnaby Detached
Nov 2020 Chilliwack Attached
Nov 2020 Chilliwack Detached
Nov 2020 Coquitlam Attached
Nov 2020 Coquitlam Detached
Nov 2020 Commercial
Nov 2020 Land
Nov 2020 Langley Attached
Nov 2020 Langley Detached
Nov 2020 Maple Ridge Attached
Nov 2020 Maple Ridge Detached
Nov 2020 Multifamily
Nov 2020 New West Attached
Nov 2020 New West Detached
Nov 2020 North Vancouver Attached
Nov 2020 North Vancouver Detached
Nov 2020 Northern BC Attached
Nov 2020 Northern BC Detached
Nov 2020 Okanagan
Nov 2020 Pitt Meadows Detached
Nov 2020 Port Moody Detached
Nov 2020 Richmond Attached
Nov 2020 Richmond Detached
Nov 2020 Shuswap
Nov 2020 Surrey Attached
Nov 2020 Surrey Detached
Nov 2020 Vancouver Attached
Nov 2020 Vancouver Detached
Nov 2020 West Vancouver Detached
Above is a list of foreclosures in the Lower Mainland and beyond.
There are some great deals to be had for either your own home or as a rental property. Check them out at the links above.
NOTE: Some of you have been asking for listings for Vancouver Island. I've spoken to a number of realtors on the Island and have not found one who is interested in participating. If you know of a realtor willing and able to contribute, please have him/her contact me.
The Top 5 Money Matters Discussed at Dinner Tables During the Pandemic
As the pandemic continues to raise health concerns and strain family finances, many Americans are having more serious — and more frequent — talks at the dinner table.
A new survey from nonprofit organization Life Happens polled more than 2,000 adults about how the coronavirus has affected their financial behavior. It found people are more comfortable talking about money matters now, with only 40% feeling uncomfortable with the topic compared with 45% feeling that way in January.
Nearly 7 in 10 (69%) also say they want to be even more open with their partners about finances. More than two-thirds (67%) say the pandemic has been a financial wake-up call.
Here are the topics we’re talking about most. All of them rank ahead of topics like politics, which was cited by 25% of survey respondents. More than a quarter (27%) of families are having conversations about emergency savings, and 45% are working on building their emergency funds because of the coronavirus, the survey found.
Emergency funds can help provide a safety net for all kinds of situations, from unexpected car repairs to the expenses of a pandemic. More than a quarter of the adults surveyed (29%) are also having discussions about their current financial status, Life Happens reports.
The best way to keep tabs on your financial status is to track your expenses and build and maintain a strong budget. Three in 10 people (30%) also say they are discussing life insurance in the wake of the pandemic. Life insurance can be a great way to protect your family if something were to happen to you. You’ll want to understand the differences between term (for a specified period) and whole life (permanent) coverage, particularly when it comes to the costs.
Not surprisingly, current health issues are a major topic of conversation, with 32% of respondents saying they raise the subject. Many people are still fearful of visiting hospitals, dentists and doctor’s offices for treatment unrelated to the coronavirus. Telemedicine, the practice of video conferencing between doctors and patients, is one potential way to address those health concerns.
A full third (33%) of households are discussing wills and inheritance during the pandemic, according to the survey results. Taking care of this important planning for your family doesn’t have to be grisly or complicated.
When will Rates go up?
There's a new sheriff in town at the Bank of Canada. Tiff Macklem recently took over as governor for Stephen Poloz, and he has already been much more transparent on what he sees for future rate increases.
The Bank of Canada will be using "forward guidance" to inform when they will be increasing rates and indicating that they will not be raising rates until capacity is absorbed and inflation hits a "healthy" target of 2% on a sustainable basis. The Bank estimates that this could take two-years if not longer. Their most pessimistic views of the economic recovery see that interest rates will remain low for a very long time.
The response to this has been interest rates at various lenders dropping into record low territory. No one is quite sure when rates will go up and this has meant that borrowers are benefiting with a very low cost of borrowing.
For example, if you were to have borrowed on a mortgage and amortized the payment over 30-years you would have been paying more in interest than the principal for at least the first two years. Today, you are paying more towards the principal on day one.
Governor Macklem said in the press conference that what he wants Canadians to take away from the Bank of Canada’s actions is “Canadian interest rates are very low and will remain very low for a very long period”. The reopening of the Canadian economy is well underway. Economic activity hit bottom in April and began expanding in May and accelerated in June. About 1.25 million of the 3.0 million jobs that were lost in March-April, were added in May and June.
We're going to be hearing about record year-over-year job gains for months, and the economy will still not be fully recovered. Enjoy the low cost of borrowing!
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