Q&A

Home & neighbours

I own a condo, and am struggling to make the mortgage payments. What if I fall so far behind I can’t catch up?

I’ve already missed one mortgage payment. Does that mean the bank can just take my condo? I can barely even afford my strata fees.

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This website explains in a general way the law that applies in British Columbia, Canada. The information is not intended as legal advice. The cases we refer to reflect real experiences, but names have been changed. See our full disclaimer.

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We are grateful to work on the unceded traditional territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish) and səlilwətaɬ (Tsleil-Waututh) Nations, whose Peoples continue to live on and care for these lands.