37
$314,900
#219 – 1442 Blackwood Street
White Rock · Residential
1 bd
1 ba
610 sqft
$516/sqft
Built 1973
MLS® R3148628
Sutton Group-West Coast Realty
Pre-approval · White Rock
What does a mortgage pre-approval in White Rock actually ask for?
The median asking price in White Rock is $1,249,250. At that price the minimum down payment is $99,925, 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
$1,249,250
Minimum down payment
$99,925
Qualifying payment
$7,691/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 White Rock buyer
A $1,249,250 asking price puts the minimum down payment at $99,925 under the federal rules, and twenty percent at $249,850. Financing the remaining $1,149,325 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 $7,691 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $236,646. The census median household income in White Rock is $73,000, which is about $163,646 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 $99,925 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 White Rock home
| Median asking price | $1,249,250 |
| Minimum down payment | $99,925 |
| Twenty percent down | $249,850 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $7,691 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 White Rock
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in White Rock
30
$505,000
#104 – 15991 Thrift Avenue
White Rock · Residential
2 bd
1 ba
875 sqft
$577/sqft
Built 1991
MLS® R3142012
eXp Realty of Canada, Inc.
27
$599,000
#208 – 1441 Blackwood Street
White Rock · Residential
2 bd
2 ba
1,242 sqft
$482/sqft
Built 1988
MLS® R3136843
RE/MAX Heights Realty
17
$4,298,000
14371 Sunset Drive
White Rock · Residential
5 bd
3 ba
3,363 sqft
$1,278/sqft
Built 1964
MLS® R3117825
Sutton Group-West Coast Realty
29
$1,755,000
#705 – 1342 Johnston Road
White Rock · Residential
2 bd
2 ba
1,321 sqft
$1,329/sqft
Built 2025
MLS® R3133117
Macdonald Realty (White Rock)
40
$4,999,000
14220 Marine Drive
White Rock · Residential
4 bd
4 ba
3,768 sqft
$1,327/sqft
Built 2008
MLS® R3125205
Hugh & McKinnon Realty Ltd.
New
38
$1,375,000
#2102 – 1501 Foster Street
White Rock · Residential
2 bd
2 ba
1,130 sqft
$1,217/sqft
Built 2022
MLS® R3157984
Angell, Hasman & Associates Realty Ltd.
New
24
$349,900
#104 – 1588 Best Street
White Rock · Residential
1 bd
1 ba
705 sqft
$496/sqft
Built 1995
MLS® R3158080
Century 21 Coastal Realty Ltd.
Newly Listed
40
$735,000
#403 – 1551 Foster Street
White Rock · Residential
2 bd
2 ba
1,246 sqft
$590/sqft
Built 2005
MLS® R3154752
Momentum Realty Inc.
New
40
$510,000
#209 – 1378 George Street
White Rock · Residential
2 bd
2 ba
1,309 sqft
$390/sqft
Built 1993
MLS® R3157352
Stonehaus Realty Corp.
Newly Listed
40
$1,749,000
1246 Oxford Street
White Rock · Residential
4 bd
4 ba
3,264 sqft
$536/sqft
Built 1983
MLS® R3154556
Nu Stream Realty Inc.
13
$580,000
#104 – 1441 Blackwood Street
White Rock · Residential
2 bd
2 ba
1,144 sqft
$507/sqft
Built 1988
MLS® R3135352
RE/MAX City Realty
See all White Rock listings (442 active listings)
Pre-approval in cities near White Rock
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 White Rock
What income does a lender test a median-priced White Rock purchase against?
A $1,249,250 purchase with $99,925 down leaves $1,149,325 to finance. At the qualifying rate of 6.49% over 25 years the payment is $7,691 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $236,646. The census median household income in White Rock is $73,000. 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 White Rock?
At the $1,249,250 median asking price, the federal minimum is $99,925, and twenty percent is $249,850. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $99,925 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.
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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.