JOURNAL ARTICLE

Foreclosures rising as higher mortgage payments kick in.

  • Published In: Business in Vancouver, 2025, n. 1882. P. 36 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: MAKAN, JAMI 3 of 3

Abstract

The article discusses the rising number of court-ordered sales and foreclosures in Metro Vancouver, attributed to a wave of mortgage renewals at higher interest rates following the pandemic-era real estate boom. In October 2025, the region saw 119 court-ordered sales, a significant increase from previous years, as homeowners face financial strain due to rising costs and unemployment. Experts indicate that many buyers from the 2021-2022 period will experience substantial increases in their mortgage payments, leading to potential defaults. While some investors view foreclosures as opportunities to purchase properties at discounted prices, there are inherent risks involved, including the condition of the properties sold as-is. Additionally, the article highlights that mortgage stress is particularly prevalent in British Columbia and Ontario, with missed payments on mortgages rising amid economic challenges. [Extracted from the article]

Additional Information

  • Source:Business in Vancouver. 2025/12, Issue 1882, p36
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • ISSN:0849-5017
  • Accession Number:189721944
  • Copyright Statement:Copyright of Business in Vancouver is the property of BIV Media Limited Partnership and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.