Below-Market Opportunities
Understand how Power of Sale works in Ontario — and how to find and navigate these unique buying opportunities safely.
Find power of sale and distressed properties in Brampton, Mississauga and the Greater Toronto Area. Power of sale homes often sell below market value, creating opportunities for buyers and investors. Harbir Gill helps clients navigate power of sale purchases safely and successfully across the GTA.
In Ontario, when a homeowner defaults on their mortgage, the lender has the right to sell the property to recover the debt without going to court. This is called Power of Sale and is unique to Ontario law.
Lenders want to recover the outstanding mortgage balance quickly — not maximize profit. This creates opportunities for buyers to acquire properties at 10–20% below market value.
These properties are sold as-is, where-is with no warranties. The lender provides minimal disclosure. A thorough home inspection before going firm is absolutely critical.
Power of sale listings appear on MLS like regular listings. Having an agent with access to off-market and pre-listing opportunities gives you a significant competitive edge.
Lenders move fast and impose strict timelines. You need an agent who knows how to structure competitive offers, navigate reduced disclosure, and protect your interests throughout.
Contact Harbir for access to current GTA Power of Sale and distress property listings — including properties not yet publicly on MLS.
View Current Distress Listings →