How to find Foreclosures in Ontario

[Quin Green]

Hi!

I am new to real estate investing!  I was hoping someone could help guide me in the right direction on how to acquire foreclosures in Ontario Canada?

Cheers,

Quinton

[Roy N.]

@Quin Green

If you are going to be chasing mortgage sales, then it behooves you to follow the Ontario Gazette (Royal Gazette) and the classifieds section of the local newspaper for properties headed to mortgage sale.

When an interesting property comes up, attend the auction - if for no other reason than learn the upset price and learn if it sells. If the property does not sell at auction, then it will typically end-up on MLS a few weeks later. If you know the upset price from the auction, it will be a helpful comparison to the listing price and will give you guidance on how low your offer can be and still get a response.