Facing a Power of Sale in Ontario? You Can Still Stop It.
Served a Notice of Sale? You have a redemption window to reinstate or pay out your mortgage and keep your home. We approve on equity and fund in as little as 24–72 hours.
🏠 How much can you access to clear arrears?
Served a Notice of Sale? You still have a window to act.
In Ontario, lenders almost always enforce a defaulted mortgage through power of sale under the Mortgages Act — not foreclosure. The important part for you: there is a statutory redemption period during which you can bring the mortgage back into good standing and stop the sale. If you have equity, we can refinance or arrange a new loan to do exactly that, fast.
The Ontario power of sale timeline
From the documents you receive to the sale itself — and exactly where the redemption window sits.
Default (≈15 days)
After about 15 days of missed payments, the lender can begin enforcement.
Notice of Sale
The lender serves a formal Notice of Sale Under Mortgage on you and other registered parties.
35-Day Redemption
A minimum 35-day window to pay the arrears plus costs (reinstate) or the full balance (redeem) and stop the sale.
Listing & Sale
If unresolved, the lender can list and sell the property to recover what’s owed.
Surplus to You
Any sale proceeds beyond the debt and costs are returned to you — unlike foreclosure.
General information only, not legal advice. The redemption period and process are set by Ontario’s Mortgages Act; consult a lawyer about your specific notice.
Reinstate or redeem — we move at notice speed
You can usually stop a power of sale two ways: reinstate the mortgage by paying the arrears plus the lender’s legal costs, or redeem it by paying the full balance. Either way, time is everything — the 35-day clock is short. We arrange second mortgages, refinances, and private financing built for exactly this, approving on your equity and funding in days. Just received your notice? Don’t sign anything with a stranger who contacts you first — apply with a licensed broker.
Serving homeowners across Ontario, Alberta & Saskatchewan — including Toronto Mississauga Brampton Hamilton London Ottawa and many more.
Related arrears help
Not quite your situation? Jump to the right page.
Mortgage Arrears Overview
Every arrears situation and how home equity solves it.
See the overview →Property Tax Arrears
Clear unpaid municipal taxes before a tax sale.
Learn more →Income Tax / CRA Debt
Pay off CRA debt and liens from your equity.
Learn more →Stop Foreclosure
Reinstate or pay out before judicial sale (AB & SK).
Learn more →Can your equity clear your arrears?
Move the sliders to see how much you could access — and whether it covers what you’re behind.
Include missed mortgage payments, property tax arrears, CRA debt, and any other amounts you need to catch up.
Your options compared
When you’re in arrears, doing nothing is the most expensive choice.
Do nothing
- Penalties & interest keep growing
- Legal action proceeds
- Risk of losing the home
- Major credit damage
Sell the home
- You lose your home
- Rushed sale = lower price
- Moving costs & disruption
- May still owe a shortfall
Bankruptcy / proposal
- Severe credit damage (up to 7 yrs)
- Trustee involvement
- Doesn’t always save the home
- Last resort if no equity
Equity solution
- Keep your home
- Arrears paid, sale stopped
- Funded in days, fully digital
- Credit can start to recover
The solutions we use to clear arrears
The right fit depends on your equity, your existing mortgage, and how fast you need to move.
Second Mortgage
Pay the arrears without disturbing a good first-mortgage rate. Fast, equity-based approval.
Home Equity Loan
Clear arrears and consolidate other debt in one shot, secured by your equity.
Refinance
Roll the arrears into a new mortgage and reset your payments around your situation.
Private Mortgage
When time is critical, private lenders approve almost entirely on equity — often in days.
Trusted by homeowners across Ontario, Alberta & Saskatchewan
★★★★★ 5.0 average — real Google reviews from CreditReboot clients
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Honest guidance, not just a transaction
We arrange financing up to 80% loan-to-value and leave meaningful equity in place as a buffer. Every cost — interest rate, lender fee, broker fee, legal and appraisal — is disclosed in writing before you commit. And if a loan isn’t the right answer, we’ll tell you. Sometimes a payment arrangement with your lender or municipality serves you better.
From crisis to recovery
Missed payments, mounting penalties, legal action looming.
Arrears paid, sale stopped, one manageable payment. Credit starts to recover.
Back on track and eligible to refinance to prime A-lender rates.
Learn more
Helpful reading from our team while you decide your next step.
The 35-day clock is ticking. Let’s stop the sale.
Apply online and we’ll review your equity and arrange financing to reinstate or pay out your mortgage — often approved in as little as 24 hours. No obligation, no upfront fees.
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