Power of Sale Basics What Homeowners Need to Understand Fully

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2026-11-13 13:34:43 -

For most Ontario homeowners, a mortgage is a long-term promise: regular monthly payments in exchange for the right to live in the home and eventually own it outright. When those payments stop, the lender has legal tools to recover what it is owed, and the most common one in Ontario is the power of sale. A power of sale is the lender's right under the Mortgages Act to sell the property after a...

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