Ontario’s real estate market is showing a notable distribution of Power of Sale listings across several major cities. Based on the year-to-date 2026 figures in the accompanying chart, Brampton leads the province’s top 10 municipalities, with 406 new Power of Sale and bank sale listings. Mississauga ranks second with 203 listings, followed by Hamilton with 162.

These figures highlight areas where buyers, real estate investors, and property professionals may want to pay closer attention. Power of Sale properties can present opportunities to purchase real estate, but they also require careful research, financial planning, and due diligence.

Top 10 Ontario Municipalities for Power of Sale Listings

The chart identifies the following municipalities as the top 10 locations for new Power of Sale and bank sale listings in 2026.

Source: Figures shown in the supplied chart. The reporting period, data provider, and listing classification should be confirmed before publication.

Brampton Leads Ontario With 406 New Listings

Brampton ranks first by a significant margin, with 406 new listings. This is almost twice the 203 listings reported in Mississauga and represents approximately 28% of the combined total across the 10 municipalities.

For buyers and investors, Brampton may be a useful market to monitor for potential opportunities. However, a high number of Power of Sale listings does not automatically mean that properties are discounted or that buyers will achieve better returns.

Property type, location, condition, asking price, comparable sales, and competition all affect the value of an individual opportunity. Buyers should review each property on its own merits rather than assume that every Power of Sale listing offers a bargain.

Mississauga and Hamilton Also Report High Listing Numbers

Mississauga ranks second with 203 listings, while Hamilton ranks third with 162. Together, these cities and Brampton account for 771 listings, or approximately 54% of the top 10 municipalities shown in the chart.

These three markets may be worth monitoring because they account for more than half of the reported listings in this group. Still, the numbers do not establish why the listings occurred or whether local financial pressure is increasing. That would require additional data, such as historical comparisons, overall listing volumes, completed sales, and mortgage enforcement statistics.

Other Ontario Markets to Watch

Several other municipalities also appear in the top 10.

Oshawa

Oshawa recorded 114 listings. Buyers may wish to compare properties across different neighbourhoods and price ranges, with particular attention to property condition and the cost of any required repairs.

Toronto C01

Toronto C01 recorded 106 listings. This is a specific Toronto market area, not the entire City of Toronto. Buyers should confirm the property’s exact location and compare it with similar properties in the same neighbourhood.

Barrie

Barrie recorded 100 listings. Buyers considering this market should assess local comparable sales, carrying costs, maintenance requirements, and the property’s potential resale or rental value.

Vaughan

Vaughan recorded 94 listings. As with other municipalities, the number of listings alone does not establish whether a property represents good value. Location, property type, and purchase price remain key factors.

Richmond Hill and Markham

Richmond Hill recorded 85 listings, while Markham recorded 83. Buyers should compare each property’s asking price with recent comparable sales and consider any restrictions, repair requirements, or other conditions that may affect the purchase.

London East

London East recorded 82 listings. Buyers should verify the precise market area represented by this label before comparing these figures with city-wide statistics or data from other sources.

What Is a Power of Sale Property?

A Power of Sale is a legal process that can allow a lender or mortgagee to sell a property after a borrower defaults on a mortgage, subject to applicable legal requirements.

In Ontario, Power of Sale is a common form of mortgage enforcement. It differs from a foreclosure process, in which ownership may transfer through a court process.

A lender selling a property generally seeks to recover the amount owed under the mortgage. The property is not necessarily being offered below market value. Its price depends on market conditions, the property’s condition, and the circumstances of the sale.

The term “bank sale” is also used in real estate marketing. However, not every listing described as a bank sale is necessarily a Power of Sale property. Buyers should verify the legal nature of each transaction.

Are Power of Sale Properties a Good Investment?

Power of Sale properties may suit buyers who understand the risks and can assess the full cost of a purchase. Some listings may offer value, but the opportunity depends on the individual property.

Potential benefits include:

• More properties to review: Buyers can compare additional opportunities within their target market.
• Potential value opportunities: Some properties may be priced competitively, depending on their condition and circumstances.
• Investment potential: A property may suit a renovation, rental, or resale strategy if the numbers support it.
• Negotiation opportunities: The seller’s process and terms may affect how a transaction can be structured, although negotiation is not guaranteed.

There are also important risks. A property may require substantial repairs, have limited inspection access, or be sold under terms that differ from a typical resale transaction. Buyers should review the agreement of purchase and sale carefully and obtain independent legal advice.

What Buyers Should Check Before Purchasing

Before making an offer on a Power of Sale property, buyers should complete a thorough review.

1. Compare the asking price with recent sales. Review comparable properties in the same area. Do not rely only on the listing price or the seller’s stated value.

2. Assess the property’s condition. Arrange a professional inspection where permitted. Estimate repair and renovation costs before deciding what to offer.

3. Review the legal documents. Ask a real estate lawyer to review the sale terms, title, and any relevant conditions. Some transactions may include restrictions or provisions that affect the buyer.

4. Confirm financing. Speak with a mortgage professional about financing, the required down payment, and any conditions that may affect approval or closing.

5. Calculate the total investment. Include closing costs, legal fees, taxes where applicable, repairs, insurance, utilities, and ongoing carrying costs.

6. Assess the exit strategy. If you plan to rent or resell the property, use realistic rental estimates or comparable sales. Include vacancy, maintenance, financing, and transaction costs in your calculations.

What These 2026 Figures Mean for Ontario Buyers and Investors

The supplied chart reports 1,435 new listings across the 10 municipalities. Brampton accounts for the largest share, followed by Mississauga and Hamilton.

These figures provide a starting point for identifying markets to investigate. They do not, on their own, show whether Power of Sale listings are increasing across Ontario, whether prices are falling, or whether distressed properties are selling below market value.

To understand the wider trend, buyers and investors should compare the figures with previous periods and review the number of Power of Sale listings as a share of all new listings in each municipality. They should also examine sold prices, days on market, property types, and the terms of individual transactions.

Final Thoughts

Power of Sale properties can create opportunities for informed buyers, but the right purchase requires more than finding a listing with a bank-related label.

Brampton leads the top 10 municipalities in the supplied 2026 chart, with Mississauga and Hamilton following. Oshawa, Toronto C01, Barrie, Vaughan, Richmond Hill, Markham, and London East complete the list.

For buyers and investors, the next step is to identify suitable properties, compare them with recent sales, assess the risks, and confirm that the purchase makes financial sense.

Looking for Power of Sale properties in Ontario? Work with a real estate professional who can help you identify relevant listings, assess comparable sales, and evaluate each opportunity before you make a decision.