How to Avoid Power of Sale in the Greater Toronto Area

There’s a lot of coverage today about the cooling GTA market and new mortgage qualification criteria. Many homeowners are unable to continue tapping into their equity and are struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your … Continued

Short Sale vs. Foreclosure

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure? In some provinces of Canada, Power of Sale is used instead of the more lengthy and expensive foreclosure route. If you live in a province where foreclosure is more common, here … Continued