What I’m Seeing Behind Ontario’s 59 Percent Surge In Power Of Sale Listings And Why More Families Are Quietly Losing Their Homes
Across Ontario, power‑of‑sale listings have spiked, with GTA data showing about a 59 percent year‑over‑year jump and Reddit stats flagging 285 power‑of‑sale listings in April 2026, the highest level in two years. News outlets are warning that as arrears rise, lenders are moving more aggressively to power of sale, and experts expect distressed listings to keep climbing through the year. What breaks my heart is reading comments from Ontario families who only realize how far behind they are when the power‑of‑sale language hits the listing or lawyer’s letter. This is exactly the point where I step in as a mortgage broker to review every option—refinancing, switching lenders, restructuring payments—so we can often create a path to stay in the home before the bank forces a sale.
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