The Truth about Buying Calgary Foreclosures

The Truth about buying foreclosures in Calgary Alberta Canada

The flow chart below answers many questions about buying foreclosures in Alberta.

  • What is the difference between a bank owned foreclosure and a judicial sale?
  • What is the average sale price to list price for foreclosures in Calgary?
  • Do foreclosure sellers supply Real Property Reports and Condo Documents?
  • Are all foreclosures listed on the MLS System?
  • Are banks and courts really motivated to sell off the foreclosures?
  • Are appliances included with foreclosed property sales?
  • Can you add buyer conditions to an offer to purchase a foreclosed home?
  • Will the banks and courts give you a counter offer if they don't like your offer?

Buying Foreclosures in Calgary is a bit different than buying a non foreclosure. Once you understand the process you can decide for yourself if chasing foreclosures is with the effort.


Have a look at this chart and call us to talk about any parts you want more information on.


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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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.