Toronto Power of Sales & Bank Foreclosures: VIP Access

Smart investors and savvy homebuyers know that buying a distressed property is one of the fastest ways to build equity. When a property is sold under "Power of Sales," the lender is primarily interested in recovering their debt, not necessarily holding out for the highest emotional price.

This creates a unique opportunity for you to acquire real estate in Downtown Toronto, Mississauga, Brampton, and the wider GTA at a price that leaves room for significant profit or instant equity.

The Difference Between Power of Sales and Bank Foreclosures

In Ontario, the term "Foreclosure" is often used loosely, but the legal process is usually a "Power of Sale."

• Power of Sales: The most common method in Ontario. The lender sells the property to pay off the mortgage debt. The homeowner still technically owns the title until the property is sold, and any surplus money goes back to the homeowner. These deals move quickly.
• Foreclosure: The lender takes full title and ownership of the property. This is a longer, more complex legal process and is less common in the GTA.

Regardless of the legal term, our team tracks both types of distressed listings to ensure you see every opportunity available.

"Stop Searching Manually: Let the Deals Come to You"

Scouring the internet every day is exhausting, and by the time you see a "great deal" online, it is often already conditionally sold.

Stop competing with outdated information. When you join the RE/MAX Plus City VIP List, our system scans the market continuously. We filter out the noise and send you only the high-potential listings that match your criteria the moment they become available.

Ready to find your next investment? Scroll up and join the list today.