Daniel Foch on YouTube
The Toronto Forced Sales up 1,100%: What You Need to Know (Record Foreclosures)
Published August 11, 2026
Topics: Toronto, Power of Sale
About this video
Toronto Power of Sale Listings Hit Record Share: What It Means for Prices, Lenders, and Buyers
Receive Toronto power of sale listings by e-mail: https://powerofsale.carrd.co/
Browse foreclosures across Canada: https://realist.ca/tools/cap-rates?sortMetric=cap_rate&sortDirection=desc&metricSource=realist_estimate&deals=power_of_sale%2Cmotivated%2Cvtb&distressOnly=1
Power of sale/forced sale listings in Toronto reached a record 3.8% of all new listings in July, the highest July share in at least a decade and the highest percentage the speaker could find in over 20 years of data, up from under 0.5% in 2021 and about 2% last year. Using TREB data compiled via listings that disclose “power of sale” (likely undercounting, capturing about two-thirds), the speaker says lender-driven listings are rising while overall new listings and active inventory are down, increasing the share of distressed supply and potentially accelerating downward price discovery. Most distressed files are tied to individual private lenders rather than banks, often second/third mortgages, and many power of sale listings may not complete sales. The episode also covers timelines, court backlogs, buyer due diligence, pricing dynamics, and tools to find motivated listings.
00:00 Power of Sale Surges
00:31 How the Data Is Counted
01:04 Private Lenders Driving Distress
02:44 Supply Down Distress Up
03:36 Tools to Find Listings
04:35 Why the Share Is Rising
07:14 Listings vs Completed Sales
09:06 Renewals Refi Traps Ahead
12:10 Court Backlogs and Lead Signals
15:06 Buying Risks and Due Diligence
17:08 Do Deals Really Exist
19:44 Market Impact and Discounts
21:24 Links and Viewer Questions
#canadarealestate #torontorealestate #foreclosures
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