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Vancouver’s real estate market just took another shocking turn. For the first time, we’re seeing not just buyers losing deposits or developers walking away from stalled condo projects — but developers themselves losing their own multimillion-dollar mansions to foreclosure. In this video, I break down the latest foreclosure cases involving Thind Properties and their owner, whose $17M worth of luxury Vancouver homes have now been forced into court-ordered sales. We’ll look at: The Surrey, Burnaby, and Richmond developments that went into foreclosure. How one nearly completed high-rise project in Brentwood left buyers trapped in limbo. Why a developer’s $14.5M mansion sold for just $13.6M in a foreclosure auction. The shady tactics around rental income and foreclosure delays. The collapse of luxury presale projects like the River District community — and what that signals for Vancouver’s high-end market. 👉 This isn’t just about one developer. It’s about the bigger picture of Vancouver’s housing slowdown: presale condo sales are down 37%, luxury buyers have exited the market, and even well-established developers are struggling to survive. If mid-sized developers are losing mansions, what happens next for smaller builders? Whether you’re a buyer, seller, or investor, this story matters — because it shows just how fragile the Vancouver housing market has become in 2025. 🔔 Subscribe for weekly Vancouver real estate market updates, data breakdowns, and behind-the-scenes stories the mainstream news doesn’t cover. Get in touch: BOOK AN APPOINTMENT: https://calendly.com/olegrealestate/3... Email: [email protected] Website: https://www.myvancouverproperty.ca 📌 Download my FREE First-Time Home Buyer Guide: https://myvancouverproperty.ca/guide Related videos: ▶️ Vancouver Luxury Market Collapse: How Millionaires are going broke → • Vancouver Luxury Market COLLAPSE: How Mill... ▶️ Vancouver Developers PANIC: $93M Foreclosure & Empty Condos → • Vancouver Developers PANIC: $93M Foreclosu... #vancouverrealestate #vancouvercondos #VancouverHousingCrisis #MarketCrash #DeveloperStruggles #CanadianRealEstate #realestatenews