Toronto Housing Market Faces Wave of Distressed Sales as Power of Sale Listings Surge Nearly 100-Fold

The Greater Toronto Area is experiencing an unprecedented spike in distressed property sales, with Power of Sale listings surging from just five in September 2020 to 472 last month, according to analysis by the Globe and Mail.

The crisis intensified throughout 2025, with the year already recording 1,232 new Power of Sale listings by September—surpassing all of 2024. Current active listings have increased 59% from the same period last year, with some estimates suggesting that as many as 780 such properties now represent roughly 3% of all GTA listings.