Find Ontario Power of Sale Properties Before Anyone Else

What is a power of sale property?

It's a home being sold by the lender after the owner defaulted on the mortgage — Ontario's most common mortgage enforcement remedy. The lender lists it on the open market, usually "as is," and any surplus after the debt goes back to the homeowner.

How is power of sale different from foreclosure?

In a power of sale the lender only sells the home and the owner keeps any leftover equity; in a foreclosure the lender takes the property itself. Our homeowner guide has a full side-by-side comparison.

Can anyone buy a power of sale property?

Yes — they're on the MLS and sold through agents like any other home, with the same financing. The paperwork differs (as-is terms, the owner's right to redeem before closing), so read our walkthrough on buying a power of sale property before you offer.

Are power of sale properties cheaper?

Often somewhat — but not because lenders give them away. The law requires lenders to sell at market value; the savings come from condition, bare-bones presentation, and fewer competing buyers. We break down where the real discount comes from.

Is this service free to use?

Yes. Browsing is free, and a free account adds saved searches with email alerts when new power of sale listings match your criteria.

How often are listings updated?

Daily, from 3 active data sources across Ontario, with sold and withdrawn listings removed so you only see live opportunities.

More questions? Read the full FAQ