The Foreclosure Process in British Columbia, Canada

While we have not experienced anywhere near the level of foreclosures that the US did

, my feeling is that they will slowly start to rise in Vancouver and the Lower Mainland. The reason being that a certain percentage of borrowers who did take out sub-prime loans in Canada might be facing unemployment. Without an equity cushion to fall back on, these borrowers will be unable to make their payments.

The Foreclosure Process in British Columbia, Canada

By: Greg Mitchell

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