Foreclosures List in BC
  
Abbotsford Houses
Abbotsford Condos and Townhouses
BC Northern Houses Single Family
BC Northern Condos and Townhouses
Burnaby Condos and Townhouses
Chilliwack Houses
Chilliwack Condos and Townhouses
Cloverdale Houses
Ladner Houses
Ladner Condos and Townhouses
Langley Houses
Maple Ridge Houses
New Westminster Condos and Townhouses
North Delta Houses
North Delta Condos and Townhouses
North Surrey Houses
North Surrey Condos and Townhouses
North Vancouver Houses
Richmond Houses
Richmond Condos and Townhouses
South Surrey White Rock Houses
Sunshine Coast Houses
Surrey Houses
Surrey Condos and Townhouses
Vancouver East Houses
Vancouver East Condos and Townhouses
Vancouver West Houses
Vancouver West Condos and Townhouses
West Vancouver Houses
West Vancouver Condos and Townhouses
Whistler Houses
Whistler Condos and Townhouses
Here is a list of the latest foreclosures in BC.
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Price Reduced Properties in the Lower Mainland
Condos Under 700k
Townhouses Under 900k
Homes Under 1.1M
Here are some current properties in the Lower Mainland by category that have had the biggest reductions in price.
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If you have any questions, please feel free to call/text 604.780.2770
New Mortgage Rules Make Homeownership More Affordable for Canadians
As of August 1, 2024, the federal government introduced changes to support homebuyers, particularly Millennials and Gen Z. First-time homebuyers purchasing new builds can now access 30-year insured mortgage amortizations, reducing monthly payments and making it easier to afford a home.
Additionally, as of December 15, 2024, several major reforms will take effect:
The price cap for insured mortgages will rise from $1 million to $1.5 million, helping more Canadians qualify for mortgages with less than 20% down. 30-year amortizations will be available to all first-time homebuyers and buyers of new builds, including condominiums. This expansion will incentivize new housing supply, addressing the country’s housing shortage and making homeownership more accessible.
These reforms are part of a broader housing strategy that includes the Canadian Mortgage Charter, which enables insured mortgage holders to switch lenders without undergoing a new stress test at renewal. This promotes competition among lenders, ensuring more Canadians can access better mortgage deals.
In addition to these housing measures, the government has introduced the Renters’ Bill of Rights and the Home Buyers’ Bill of Rights to protect Canadians from unfair practices, ensure transparency in leases and sales, and simplify homebuying procedures. With $5 billion available through the Canada Housing Infrastructure Fund, the federal government is working with provinces and territories to make housing fairer and more accessible for all Canadians.
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