January Foreclosure List
  
Abbottsford Detached
Burnaby Detached
Maple Ridge, Pitt Meadows Attached
Port Coquitlam, Coquitlam, Port Moody Detached
Surrey, North Delta, Cloverdale Attached
Abbottsford Attached
Burnaby Attached
Langley Attached
Langley Detached
Maple Ridge, Pitt Meadows Detached
Mission Attached
Mission Detached
North Vancouver West Vancouver Attached
North Vancouver West Vancouver Detached
Richmond Attached
Richmond Detached
Surrey Delta Cloverdale Detached
Tsawwassen, Ladner Attached
Tsawwassen, Ladner Detached
Vancouver East Attached
Vancouver East Detached
Vancouver West Attached
Vancouver West Detached
Westminster Attached
Why Fixed Mortgage Rates Likely Won't Follow the Bank of Canada Cuts
In recent weeks, the Bank of Canada’s rate cuts have stirred hope that mortgage rates, especially fixed rates, might begin to fall. However, homeowners and investors should know that fixed rates don’t necessarily follow these central bank cuts.
While it's true that variable rates are directly impacted by the BOC rate announcements, fixed rates are influenced by different factors i.e. the bond markets in Canada and the US. So fixed rates may stay steady, remain near current levels or even fluctuate up and down.
Understanding the forces that keep fixed rates steady can help Canadians make more informed mortgage decisions in this evolving market.
BC Home Flipping Tax in 2025
Starting January 1, 2025, profits from selling a taxable property in BC are subject to a new tax if the property was purchased less than 730 days before the sale. This rule applies regardless of the seller's location. A taxable property includes residential properties, properties zoned for residential use, and rights to acquire such properties, like pre-construction assignments.
Exceptions include deemed dispositions, mortgages, leases, gifts, or transfers without a change in beneficial ownership. For example, selling a property purchased on May 1, 2023, before June 1, 2025, would trigger the tax, while sales after this period would not. Exempt property locations are excluded.
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