Real Estate Broker & Mortgage Broker

Ontario Power of Sale & Receivership Index: Monthly Readings on Mortgage Distress in Ontario

Updated 2 October 2026. Next update: early November 2026. This page is a permanent, monthly-updated reference on mortgage distress in Ontario – power of sale listings, arrears, insolvencies and receiverships – compiled from public sources and from the files I see as a Mortgage Broker and Real Estate Broker working distressed property across the province. Journalists, lenders and researchers may cite it with attribution to Gurpinder Gaheer, BA Hons, MBA, gaheer.com, with a link to this page.

Key facts at a glance

Power-of-sale listings in Ontario: at a 24-month high as of mid-2026, up about 59% year over year (MLS listings flagged as power of sale, tracked weekly).
Bank mortgages 90+ days in arrears (Canada): 14,061 in May 2026, the highest count in more than a decade; Ontario leads the increase (Canadian Bankers Association data).
Mortgage renewal wall: roughly $200 billion of Ontario mortgages renew in 2026; 2.1-2.4 million Canadian households renew across 2025-2026, many facing 15-40% payment increases.
Business insolvencies in Ontario: at a 17-year high in 2026 (Office of the Superintendent of Bankruptcy statistics); receiverships of condo, rental and office projects are the visible edge.
Where the files concentrate: Brampton, Durham Region (Oshawa, Whitby, Ajax), Hamilton, Barrie/Simcoe, Windsor and the pre-construction condo stock in Toronto, Vaughan and Mississauga.

Current readings (October 2026)

Power of sale listings: 24-month high; +59% year over year; cottage, farm and commercial power-of-sale listings now appearing alongside residential.
Arrears: 14,061 bank mortgages 90+ days past due in May 2026 (Canada), a decade-plus high; Ontario accounts for the largest share of the increase. RBC reported GTA 90-day delinquencies at 0.39% versus 0.30% nationally earlier in the cycle.
Ontario mortgage delinquencies: up roughly 52% year over year; business restructurings up about 30%.
Insolvencies: Ontario business insolvencies at a 17-year high; consumer insolvency volumes at their highest rate since 2009 (Equifax).
Receiverships in the news: Scarborough’s Town Centre Place project; downtown Edmonton’s City Centre complex ($140M+ debt); multiple GTA condo projects where it now takes four or five lenders to finance a single tower.
Search demand (Google, Ontario, monthly): “power of sale ontario” ~390, “foreclosure ontario” ~390, “power of sale houses in brampton” ~590, “receivership” ~1,300, “mortgage renewal denied” family ~850 impressions a quarter on this site alone – demand for help is rising with the listings.

How to read these numbers

Power-of-sale listings lag defaults by three to six months (15-day default period, 35-day redemption window, then a Statement of Claim, possession and listing), so today’s listing count reflects the renewals and job losses of last winter. Arrears lead listings; renewal volumes lead arrears. With the 2026 renewal cohort still rolling through and lenders declining renewals on properties that no longer appraise, the listing count should keep rising into 2027 before it turns. Receiverships are the commercial mirror of the same cycle, driven by construction loans written in 2021-2022 maturing into a market without pre-sales or take-out financing.

Method and sources

Power-of-sale listings: weekly count of active Ontario MLS listings marked as power of sale, bank sale or lender sale, by region.
Arrears: Canadian Bankers Association monthly mortgage arrears data; Equifax Canada and RBC Economics reports on delinquency rates.
Insolvencies and receiverships: Office of the Superintendent of Bankruptcy statistics; Ontario Superior Court Commercial List and Insolvency Insider case notices.
Renewals: Bank of Canada and CMHC estimates of mortgages renewing in 2025-2026.
File data: anonymised observations from distressed files handled through gaheer.com (power of sale, non-renewal, receivership, probate).