FORECLOSURE - Experience elevated downtown living in this beautifully updated 2-bedroom, 2-bath residence at Pacific Place Landmark II by Concord Pacific. Featuring a highly functional layout, floor-to-ceiling windows frame sweeping city views and flood the home with natural light. Thoughtful upgrades completed in 2018 include refreshed kitchen and bathrooms, sleek flooring, granite countertops, and quality finishes throughout. Enjoy ultimate privacy with separated bedrooms, plus a den/in-suite storage, laundry, and 1 parking stall. Exceptional amenities include an indoor pool, hot tub, gym, rooftop terrace, and meeting room. Steps to Yaletown’s renowned dining, the seawall, BC Place, shopping, transit, and entertainment. OPEN HOUSE Saturday August 22 from 12:30pm to 2:30pm
Data was last updated August 27, 2026 at 12:40 PM (UTC)
Area Statistics
Listings on market:
221
Avg list price:
$1,068,000
Min list price:
$52,000
Max list price:
$7,500,000
Avg days on market:
63
Min days on market:
1
Max days on market:
478
Avg price per sq.ft.:
$1,111.6
These statistics are generated based on the current listing's property type
and located in
Yaletown. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
There are many names for a Foreclosure home. Many people call it foreclosed home, foreclosure home, bank repossessed house, or Court Ordered Sale. They mean the same thing. So what exactly does foreclosure mean?
In its simplest meaning, the word foreclosure means to deprive a borrower (in default) of the right to redeem the mortgaged property. In a way, it’s like a divorce proceeding – the borrower and lender under a mortgage go their separate way.
Foreclosure home sale is very different from a regular home sale. If you need an experienced Vancouver Realtor to guide you through the process, please let me know.
What is the process of Foreclosure in BC Canada?
See below simplified steps in a Foreclosure proceeding to find out how foreclosure works in BC.
Demand letter.
Petition.
Order Nisi.
Judicial Sale.
Order Made After Application.
To see the detailed steps in a foreclosure proceeding. Please let me know.
Please note that this blog is for information only. Buyers & Sellers are advised to obtain independent legal advice before buying or selling a real estate property.
Here’s a simple guide on how to buy a Foreclosure Home in BC
Search Foreclosure Listings BC
Find a Realtor to write an offer.
Review the Schedule A with the Realtor. Schedule A contains clauses that specifically protect the lender. The buyers must be aware that they are accepting the property “as is” and must sign this schedule to have their offer accepted by the lender.
Acceptance of the offer. The offer may have conditions precedent, and it is advisable that the offer is left open for acceptance for a period of two or three days.
The hearing of the application for order approving the sale.
