40
$1,399,000
11238 250B Street
Maple Ridge · Residential
6 bd
4 ba
2,847 sqft
$491/sqft
Built 2023
MLS® R3132076
Oracle Realty Ltd.
Pre-approval · Maple Ridge
What does a mortgage pre-approval in Maple Ridge actually ask for?
The median asking price in Maple Ridge is $1,099,800. At that price the minimum down payment is $84,980, and a lender would test the balance at the federal qualifying rate rather than the rate you would pay. Here is what that works out to, and what a lender checks before any of it applies.
Median asking price
$1,099,800
Minimum down payment
$84,980
Qualifying payment
$6,791/mo
Estimated range · question 1 of 3
What is your gross household income?
Choose a range to start. Two more answers shape the estimate before any lender or credit check.
No credit check · About 1 minute See what you could qualify for
What the numbers ask of a Maple Ridge buyer
A $1,099,800 asking price puts the minimum down payment at $84,980 under the federal rules, and twenty percent at $219,960. Financing the remaining $1,014,820 and testing it at the qualifying rate of 6.49%, which is higher than the illustrative contract rate of 4.49%, produces a payment of $6,791 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $208,954. The census median household income in Maple Ridge is $105,000, which is about $103,954 short of the figure the payment implies.
A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $84,980 minimum possible. The premium is added to the mortgage.
Whether your own numbers clear that bar is a lender’s call, and it is a short conversation when your file is ready. See your estimated mortgage range and walk in with it assembled.
Minimum down payment on a Maple Ridge home
| Median asking price | $1,099,800 |
| Minimum down payment | $84,980 |
| Twenty percent down | $219,960 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $6,791 per month |
The minimum is five percent of the first $500,000, ten percent of any portion between $500,000 and $1,500,000, and twenty percent on anything above $1,500,000. The qualifying payment is arithmetic at an illustrative rate, not a quote.
What a lender is testing before any of this applies
- Income you can document. Pay stubs, a letter of employment, and two years of Notices of Assessment. Self-employed files need two years of T1 Generals.
- Debt you already carry. Balances, minimum payments, and limits, including the limit on a card you never use.
- A down payment with ninety days of history. Any large deposit inside that window needs a paper trail, and a gift needs a signed letter.
- Credit. A hard check, read alongside how long your history runs.
The full document list is on how to get pre-approved for a mortgage in BC.
Homes on the market in Maple Ridge
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Maple Ridge
40
$1,388,888
21528 Donovan Avenue
Maple Ridge · Residential
9 bd
6 ba
4,803 sqft
$289/sqft
Built 2016
MLS® R3151214
eXp Realty
New
40
$1,399,000
12462 231a Street
Maple Ridge · Residential
5 bd
3 ba
2,465 sqft
$568/sqft
Built 1993
MLS® R3158247
eXp Realty
New
22
$416,900
#303 – 22348 North Avenue
Maple Ridge · Residential
1 bd
1 ba
683 sqft
$610/sqft
Built 2026
MLS® R3158135
RE/MAX LIFESTYLES REALTY
Open House on Sat, 3pm–4pm
29
$1,299,900
#2 – 21092 Wicklund Avenue
Maple Ridge · Residential
5 bd
4 ba
2,317 sqft
$561/sqft
Built 2026
MLS® R3108097
eXp Realty
Open House on Sat, 2pm–3:30pm
40
$1,349,900
#2 – 12050 York Street
Maple Ridge · Residential
7 bd
4 ba
3,293 sqft
$410/sqft
Built 2026
MLS® R3106870
eXp Realty
Open House on Sat, 1pm–2:30pm
40
$1,349,900
#1 – 12050 York Street
Maple Ridge · Residential
7 bd
4 ba
3,293 sqft
$410/sqft
Built 2026
MLS® R3106869
eXp Realty
39
$1,480,000
13257 239b Street
Maple Ridge · Residential
6 bd
4 ba
3,929 sqft
$377/sqft
Built 2005
MLS® R3096943
Royal LePage - Wolstencroft
Newly Listed
27
$935,000
11663 Morris Street
Maple Ridge · Residential
3 bd
2 ba
1,896 sqft
$493/sqft
Built 1971
MLS® R3156517
eXp Realty
Newly Listed
Open House on Sat, 11am–1pm
29
$439,900
#109 – 12283 224 Street
Maple Ridge · Residential
1 bd
1 ba
650 sqft
$677/sqft
Built 2008
MLS® R3156441
Homelife Advantage Realty Ltd.
38
$1,349,000
11042 240 Street
Maple Ridge · Residential
6 bd
4 ba
3,440 sqft
$392/sqft
Built 2020
MLS® R3141434
Royal LePage West Real Estate Services
36
$724,000
#93 – 10151 240 Street
Maple Ridge · Residential
3 bd
3 ba
1,307 sqft
$554/sqft
Built 2014
MLS® R3141612
Royal LePage West Real Estate Services
See all Maple Ridge listings (991 active listings)
Pre-approval in cities near Maple Ridge
Mortgage pre-approval in Surrey
$1,048,000 median asking price
Mortgage pre-approval in Vancouver
$1,398,000 median asking price
Mortgage pre-approval in Richmond
$1,019,000 median asking price
Mortgage pre-approval in Burnaby
$890,000 median asking price
Mortgage pre-approval in Kelowna
$799,000 median asking price
Mortgage pre-approval in Langley
$949,900 median asking price
Mortgage pre-approval in Abbotsford
$824,900 median asking price
Mortgage pre-approval in Coquitlam
$952,450 median asking price
Pre-approval questions in Maple Ridge
What income does a lender test a median-priced Maple Ridge purchase against?
A $1,099,800 purchase with $84,980 down leaves $1,014,820 to finance. At the qualifying rate of 6.49% over 25 years the payment is $6,791 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $208,954. The census median household income in Maple Ridge is $105,000. Your own number will differ with your debts, your down payment, and your property taxes.
How much do I need for a down payment in Maple Ridge?
At the $1,099,800 median asking price, the federal minimum is $84,980, and twenty percent is $219,960. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $84,980 minimum possible. The premium is added to the mortgage. Closing costs sit on top of the down payment.
Does a pre-approval mean the mortgage is approved?
No. A pre-approval is a lender’s conditional statement about you. Final approval also depends on the specific property, which the lender appraises and, for a condo, reviews the strata documents on.
Can I get pre-approved before I choose a city?
Yes, and it is the usual order. A pre-approval is based on your income, debts, and credit rather than on a particular home, so the amount travels with you across BC. The down payment minimum changes with the price, not with the city.
Maple Ridge homes for saleNarrow Maple Ridge homes by featureMaple Ridge market reportNew listings in Maple RidgeMaple Ridge price dropsHome affordability in BCMortgage stress test
Listing data provided by the Greater Vancouver REALTORS® and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. MLS® and REALTOR® are trademarks of CREA. Asking prices come from the live MLS® feed through board reciprocity. Household income is the Statistics Canada census median for the city. Payment figures use an illustrative rate over a 25-year amortization and the federal qualifying rate. They are arithmetic, not a quote, and not an offer of credit. Ray Rasouli is a licensed REALTOR® with Real Broker B.C. Ltd. and is not a mortgage broker or a lender. Nothing on this page is financial advice, a rate quote, or an offer of credit.