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Power of Sale Ontario Stops Foreclosures of Toronto Condos


Toronto, Canada -- (SBWIRE) -- 08/27/2014 -- At Power of Sale Ontario , the mortgage agents and lenders work closely with real estate lawyers to find the best ways of halting foreclosures in Ontario.

Is the Toronto condo market bubble going to burst? A good indicator is how many condos are owner occupied. The higher the owner occupied percentage the more stable the market will be. According to a new Canada Mortgage and Housing Corporation (CMHC) survey, almost one out of five condominium owners in Toronto and Vancouver have bought another unit in order to use as an investment.

The recently released 2013 Condominium Owners Survey indicates that 17.1 per cent of households surveyed are condominium investors – meaning they own a primary residence and a rental condo unit. A Toronto condo real estate agent estimates that foreign owners make up about half of the city’s condominium market. The Toronto Real Estate Board has also indicated that there is an oversupply of condos being built in Toronto, which could lead to a decrease in condo prices. All these factors indicate a condo housing bubble in Toronto that could lead to an increase of foreclosures or power of sales in Toronto.

This is where Power of Sales Ontario can help people facing foreclosure. They provide services include arranging a new mortgage, free consultations, arranging a real estate foreclosure lawyer or assisting people to sell their home. Client’s can save thousands of dollars in interest payments and even keep their home out of foreclosure.

The goal of Power of Sale Ontario is to help people keep their home, and stop a foreclosure . Those interested in a new mortgage or help with a foreclosure or power of sale you can find more information at the company’s website

If you have any questions regarding a power of sale or foreclosure, please email or call 416-499-2122. Ronald Alphonso is a mortgage agent, licence number M11001286.