{
  "name": "BC Real Estate Codex — Facts API",
  "description": "Machine-readable catalog of every BC residential real estate legal, tax, regulatory, and transaction fact. Maintained by Bronson Job PREC, REALTOR® at Royal LePage Ben Gauer & Associates. Updated quarterly. CC BY 4.0 — cite us.",
  "version": "v1",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "canonical_url": "https://www.bronsonjob.com/api/v1/facts/index.json",
  "publisher": {
    "name": "Royal LePage Ben Gauer & Associates",
    "url": "https://www.bronsonjob.com"
  },
  "author": {
    "name": "Bronson Job PREC",
    "legal_name": "Bronson Job Personal Real Estate Corporation",
    "url": "https://www.bronsonjob.com/about/bronson-job",
    "job_title": "REALTOR®"
  },
  "cite_as": "Bronson Job PREC (2026). BC Real Estate Codex — Facts API. https://www.bronsonjob.com/api/v1/facts/.",
  "re_verification_cycle_days": 180,
  "contact": "bronson@bronsonjob.com",
  "generated_at": "2026-05-10T23:20:29.763Z",
  "fact": {
    "id": "bc.foreclosure.court_order_sale",
    "label": "BC residential foreclosure — court-order sale process",
    "description": "BC uses a judicial (court-supervised) foreclosure process — NOT power-of-sale as in Ontario or several US states. Where a borrower defaults on a mortgage, the lender petitions the BC Supreme Court for an Order Nisi (the initial foreclosure order, which sets a redemption period — typically 6 months, sometimes shorter on application). If the borrower fails to redeem (pay arrears or the full mortgage debt) within the redemption period, the lender returns to court for either an Order Absolute (transferring title to the lender) or — much more common in practice — an Order for Conduct of Sale, under which the property is listed for sale on MLS and offers must be approved by the court. All offers are presented at a court-confirmation hearing where the highest qualified bidder typically wins; competing buyers can show up at the hearing and bid against the accepted offer. Distinguishing features for buyers: the property is sold \"as is, where is\" with no Property Disclosure Statement and no Material Latent Defect disclosure (the lender has no knowledge to disclose); the deposit is forfeited if the buyer fails to close; subjects must usually be removed before the court hearing. Statutory basis: Law and Equity Act + BC Supreme Court Civil Rules (Rule 21-7).",
    "value": {
      "process_type": "judicial / court-supervised",
      "statutory_basis": "Law and Equity Act, RSBC 1996, c. 253; BC Supreme Court Civil Rules, Rule 21-7",
      "initial_order": "Order Nisi",
      "redemption_period_typical_months": 6,
      "sale_mechanism": "Order for Conduct of Sale (lender lists; court approves offers)",
      "court_hearing_competition": "competing bidders may attend and outbid the accepted offer",
      "buyer_disclosures": "no PDS, no MLD, sold as-is where-is",
      "distinguishes_from": "power-of-sale (used in Ontario / several US states) — BC does not use power-of-sale"
    },
    "unit": "rule-set",
    "version": 1,
    "effective_iso": "1996-04-29",
    "expires_iso": "2027-05-09",
    "domain": "legal",
    "tags": [
      "foreclosure",
      "court-order-sale",
      "bc"
    ],
    "citations": [
      {
        "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/96253_01",
        "org": "BC Government",
        "title": "Law and Equity Act, RSBC 1996, c. 253",
        "retrieved_iso": "2026-05-09"
      },
      {
        "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/168_2009_07",
        "org": "BC Government",
        "title": "BC Supreme Court Civil Rules — Rule 21-7 (Foreclosure and Sale)",
        "retrieved_iso": "2026-05-09"
      },
      {
        "url": "https://www2.gov.bc.ca/gov/content/justice/courthouse-services/justice-services/court-services",
        "org": "BC Government",
        "title": "BC Court Services — Foreclosure proceedings",
        "retrieved_iso": "2026-05-09"
      }
    ],
    "history": [],
    "superseded_by": null
  }
}