Foreclosures List in BC
  
Abbotsford Homes
Abbotsford Condos and Townhomes
BC Northern Homes Single Family
BC Northern Homes with Acreage
BC Northern Condos and Townhomes
Burnaby Homes
Burnaby Condos and Townhomes
Chilliwack Homes
Chilliwack Condos and Townhomes
Cloverdale Homes
Cloverdale Condos and Townhomes
Coquitlam Homes
Ladner Homes
Langley Homes
Maple Ridge Homes
Mission Homes
New Westminster Condos and Townhomes
North Delta Homes
North Delta Condos and Townhomes
North Surrey Homes
North Surrey Condos and Townhomes
North Vancouver Homes
North Vancouver Condos and Townhomes
Richmond Homes
Richmond Condos and Townhomes
South Surrey White Rock Homes
Sunshine Coast Homes
Surrey Homes
Surrey Condos and Townhomes
Vancouver East Homes
Vancouver East Condos and Townhomes
Vancouver West Homes
Vancouver West Condos and Townhomes
West Vancouver Homes
Whistler Homes
Whistler Condos and Townhomes
Here is a list of the latest foreclosures in BC.
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Micky's Market Minute - September 2024
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In this month’s Micky’s Market Minute, we’re taking a closer look at these current trends in the Lower Mainland’s real estate market:
✅ Buyer Caution Due to Higher Borrowing Costs
✅ Growing Inventory and Balanced Market
✅ Stable to Slightly Lower Home Prices
I’ll also provide my take and advice on the current market.
To get all these details, check out this video.
Overnight lending rate falls to 4.25% as Bank of Canada makes third consecutive cut
Canada’s central bank has made a third cut to its overnight lending rate this year, lowering borrowing costs for existing and aspiring homebuyers yet again.
In its scheduled September 2024 announcement, the Bank of Canada dropped the target for the overnight lending rate by 25 basis points to 4.25%.
In July, Canada’s Consumer Price Index rose 2.5% year-over-year, increasing at the slowest pace since March 2021. Continued easing of inflationary pressures were a contributing factor of the Bank’s decision to lower interest rates by another 25 basis points.
“Our decision reflects two main considerations. First, headline and core inflation have continued to ease as expected. Second, as inflation gets closer to target, we want to see economic growth pick up to absorb the slack in the economy so inflation returns sustainably to the 2% target. Inflation continues to reflect the push and pull of opposing forces. Overall weakness in the economy continues to pull inflation down. But price pressures in shelter and some other services are holding inflation up,” said Tiff Macklem, Governor of the Bank of Canada, in a press conference with reporters following the announcement.
“If inflation continues to ease broadly in line with our July forecast, it is reasonable to expect further cuts in our policy rate. We will continue to assess the opposing forces on inflation, and take our monetary policy decisions one at a time,” he continued.
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