40
$2,899,999
19782 150 Avenue
Pitt Meadows · Residential
8 bd
6 ba
3,212 sqft
$903/sqft
Built 1975
MLS® R3128817
RE/MAX LIFESTYLES REALTY
Pre-approval · Pitt Meadows
What does a mortgage pre-approval in Pitt Meadows actually ask for?
The median asking price in Pitt Meadows is $878,950. At that price the minimum down payment is $62,895, 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
$878,950
Minimum down payment
$62,895
Qualifying payment
$5,461/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 Pitt Meadows buyer
A $878,950 asking price puts the minimum down payment at $62,895 under the federal rules, and twenty percent at $175,790. Financing the remaining $816,055 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 $5,461 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $168,031. The census median household income in Pitt Meadows is $104,000, which is about $64,031 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 $62,895 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 Pitt Meadows home
| Median asking price | $878,950 |
| Minimum down payment | $62,895 |
| Twenty percent down | $175,790 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $5,461 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 Pitt Meadows
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Pitt Meadows
24
$499,900
#317 – 19236 Ford Road
Pitt Meadows · Residential
2 bd
1 ba
1,223 sqft
$409/sqft
Built 1990
MLS® R3137857
Royal LePage Elite West
40
$578,000
#21 – 12276 189A Street
Pitt Meadows · Residential
2 bd
2 ba
954 sqft
$606/sqft
Built 1988
MLS® R3148956
Royal LePage Elite West
22
$1,049,000
19347 117B Avenue
Pitt Meadows · Residential
3 bd
2 ba
1,702 sqft
$616/sqft
Built 1973
MLS® R3134507
Royal LePage Elite West
34
$1,189,000
11761 190 Street
Pitt Meadows · Residential
4 bd
2 ba
2,223 sqft
$535/sqft
Built 1981
MLS® R3151897
eXp Realty
36
$1,098,000
#144 – 19451 Sutton Avenue
Pitt Meadows · Residential
4 bd
4 ba
1,920 sqft
$572/sqft
Built 2022
MLS® R3152010
RE/MAX Performance Realty
Newly Listed
8
$1,169,900
19852 116a Avenue
Pitt Meadows · Residential
4 bd
2 ba
2,257 sqft
$518/sqft
Built 1974
MLS® R3157968
RE/MAX LIFESTYLES REALTY
23
$739,000
#224 – 19673 Meadow Gardens Way
Pitt Meadows · Residential
3 bd
2 ba
1,149 sqft
$643/sqft
Built 2007
MLS® R3139900
Evergreen West Realty
31
$499,000
#104 – 19673 Meadow Gardens Way
Pitt Meadows · Residential
1 bd
1 ba
770 sqft
$648/sqft
Built 2007
MLS® R3152047
Royal LePage - Wolstencroft
40
$2,999,000
15145 Harris Road
Pitt Meadows · Residential
3 bd
3 ba
3,030 sqft
$990/sqft
Built 1984
MLS® R3137333
Macdonald Realty
39
$1,425,000
18907 118b Avenue
Pitt Meadows · Residential
5 bd
3 ba
2,457 sqft
$580/sqft
Built 1994
MLS® R3146910
RE/MAX All Points Realty
40
$1,599,000
18833 124a Avenue
Pitt Meadows · Residential
7 bd
5 ba
3,300 sqft
$485/sqft
Built 2014
MLS® R3153708
Sutton Group-West Coast Realty
See all Pitt Meadows listings (150 active listings)
Pre-approval in cities near Pitt Meadows
Mortgage pre-approval in Surrey
$1,049,000 median asking price
Mortgage pre-approval in Vancouver
$1,398,000 median asking price
Mortgage pre-approval in Richmond
$1,020,000 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
$950,000 median asking price
Pre-approval questions in Pitt Meadows
What income does a lender test a median-priced Pitt Meadows purchase against?
A $878,950 purchase with $62,895 down leaves $816,055 to finance. At the qualifying rate of 6.49% over 25 years the payment is $5,461 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $168,031. The census median household income in Pitt Meadows is $104,000. 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 Pitt Meadows?
At the $878,950 median asking price, the federal minimum is $62,895, and twenty percent is $175,790. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $62,895 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.
Pitt Meadows homes for saleNarrow Pitt Meadows homes by featurePitt Meadows market reportNew listings in Pitt MeadowsPitt Meadows 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.