Calgary Foreclosure Sales Report - Mar 24, 2019


Detached Foreclosures

25 Active Listings
17 Sold in the Past 30 Days
$224 Per Square Foot - Average Sold Price

Attached Foreclosures

42 Active Listings
15 Sold in the Past 30 Days
$209 Per Square Foot - Average Sold Price

Apartment Condo Foreclosures

48 Active Listings
12 Sold in the Past 30 Days
$233 Per Square Foot - Average Sold Price

Banks are not motivated sellers of foreclosed homes.

Foreclosure Supply is controlled by banks and mortgage companies. It is against the best interests of the banks and mortgage companies to increase the supply beyond the demand. If lenders flooded the market and drove down prices that action would damage the value of the mortgages they still hold on similar properties. It would take a major financial market meltdown before Canadian Banks and Canadian Mortgage Companies became forced sellers of real estate. A rare event, but never say never....


The Court of Queens Bench are not motivated sellers of pre-foreclosure homes.

The Court is working on behalf of the home-owner. The Court will turn the property over to the bank after all home-owner equity is used up. Penalties, interest on interest and legal fees add up quickly. At that point, the courts evict the former home-owner and legal title transfers to the bank.


Foreclosures that appear to be a good deal, in general, are priced appropriately for the condition they are in. The really bad ones offer at most an opportunity to build what's called Sweat Equity. That means you do the work required instead of paying a tradesperson. But you don't need to limit yourself to looking at just foreclosures. Sweat Equity opportunities can be found in the much larger pool of regular MLS® Listings.


Our VIP Home Finder System does the work for you. We set up a custom search based on your filters to weed out properties not matching so you get the newest and best property matches emailed to you automatically. Try it here.

Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.