Foreclosures List in BC, Lower Mainland House Price Averages, and Trade War Effects on Bank of Canada Lending Rate and Home Sales Tax

Micky Kandola - The Realtor With Soul

Team 3000 Realty

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Foreclosures List in BC

 

Abbotsford Houses
Abbotsford Condos and Townhouses
BC Northern Houses with Acreage
BC Northern Houses Single Family
BC Northern Condos and Townhouses
Burnaby Houses
Burnaby Condos and Townhouses
Chilliwack Houses
Chilliwack Condos and Townhouses
Cloverdale Houses
Cloverdale Condos and Townhouses
Coquitlam Houses
Coquitlam Condos and Townhouses
Ladner Houses
Ladner Condos and Townhouses
Langley Houses
Langley Condos and Townhouses
Maple Ridge Houses
Maple Ridge Condos and Townhouses
Mission Houses
Mission Condos and Townhouses
N. Delta Houses
New Westminster Condos and Townhouses
North Surrey Houses
North Surrey Condos and Townhouses
North Vancouver Houses
Port Coquitlam Condos and Townhouses
Port Moody Houses
Richmond Houses
Richmond Condos and Townhouses
South Surrey White Rock Houses
South Surrey White Rock Condos and Townhouses
Squamish Houses
Squamish Condos and Townhouses
Sunshine Coast Houses
Sunshine Coast Condos and Townhouses
Surrey Houses
Surrey Condos and Townhouses
Tsawwassen Houses
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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If you have any questions, please call/text 604-780-2770.



Canadian home sales take a tumble in February as tariff anxieties keep buyers at bay: CREA

 

Homebuyers stayed on the sidelines in February 2025, leading to a significant drop in home sales across the country, according to the latest market report from the Canadian Real Estate Association (CREA).

With the ongoing trade war between Canada and the United States, market activity slowed to its lowest level in over a year.

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1 in 10 homeowners with a mortgage renewing this year are exploring downsizing, relocating and rental income options

 

More than a million Canadian mortgages will come up for renewal this year. Though interest rates have been on the decline for the last several months, many borrowers are bracing for an increase to their monthly payment – an adjustment that could be quite steep for some households.

According to a recent Royal LePage survey, conducted by Hill & Knowlton,1 more than half (57%) of Canadians who are renewing the mortgage on their primary residence in 2025 expect their monthly mortgage payment to increase upon renewal (35% expect it to increase slightly and 22% expect it to increase significantly). Meanwhile, 25% say their monthly mortgage payment will remain about the same – within $100 of their current payment amount – and another 15% expect their monthly payment to decrease upon renewal.

“When it comes to post-pandemic mortgage renewals, many Canadians have avoided the worst-case scenario of having to sell their homes due to the inability to cover the cost of their mortgage, thanks to solid employment trends and declining interest rates,” said Phil Soper, president and CEO, Royal LePage. “Nevertheless, some will face a substantial rise in their mortgage costs, putting added pressure on their household finances. Many in this situation are exploring options to lower their monthly fees, such as extending their amortization period; a tactic which has proven popular.”

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Lower Mainland House Price Averages

 

Abbotsford Houses

Burnaby Houses

Coquitlam Houses

Langley Houses

Maple Ridge Houses

Mission Houses

Richmond Houses

Surrey Houses

Vancouver Houses

Click the links above to view graphs showing the average detached home prices for some Lower Mainland cities.

If you found this article of value, please feel free to share it on your social media.

If you have any questions, please call/text 604-780-2770.



‘Pervasive uncertainty’ caused by trade war prompts Bank of Canada to drop overnight lending rate to 2.75%

 

On March 12th, the Bank of Canada announced that it had lowered the target for the overnight lending rate by 25 basis points to 2.75%. This marks the seventh consecutive decrease to rates since June 2024. 

In its announcement, the Bank acknowledged that the Canadian economy had started the year on good footing. Now, with a trade war underway with the United States, the country is expected to see slower economic activity and increasing inflationary pressures in the months ahead, justifying the central bank’s decision to reduce its policy rate yet again. 

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Is your home still ‘the one’? How to decide between renovating and relocating

 

At first, your home may have felt like true love – the perfect match, full of excitement and possibility. But as time goes on, the honeymoon phase can fade. Maybe you’re craving more space, a shorter commute to work or school, or modern features that other homes seem to have. If you’re feeling restless, you might be wondering, “Is it time for a fresh start, or can this relationship be saved with a little TLC?”

Deciding whether to move to a new home or renovate the one you’ve got is no small decision — it’s a mix of emotions, finances, and practicality all rolled into one. Think of it like the HGTV classic Love It or List It: weighing the pros and cons of both options to figure out what truly fits your family and lifestyle. 

This guide will help you determine if your home is still “the one” or if it’s time to move on.

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