Heddle Real Estate - Royal LePage State Realty Brokerage

By Shannon Broome-Bennett
Posted Tuesday, Feb 17, 2026 12:40 pm

Power-of-sale listings spike across Ontario, piling pressure on housing market

Power-of-sale listings are rising across Ontario, signalling mounting financial strain among some homeowners and adding pressure to an already weak housing market.

When a homeowner can no longer pay the mortgage, the lender can take ownership of the property and sell it.

John Pasalis, president of Realosophy Realty, says rising mortgage arrears are a key signal behind the trend. While not every homeowner who falls behind will ultimately lose their property, arrears tend to precede power-of-sale activity.

According to CMHC, mortgage delinquency rates have climbed from 0.13 per cent in the first quarter of 2020 to 0.24 per cent in the third quarter of 2025.

“When the 90-day arrears are very low, you have very few power of sales,” Pasalis said. “When it increases, you definitely see a big increase.” ... [READ MORE]

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