Ontario's Best Kept Real Estate Secret

This website is Ontario's best kept secret. Ontariotaxsales.ca is where properties are sold by the municipality and not the bank. Tax properties on this site can be spot at prices far below what market value suggests. And this is because the municipality doesn't need to get a market value on these properties.

They only need to obtain the amount of taxes that are owed. But buyer beware, because these properties are sold at such steep discounts, they come with a major risk that you should be aware of. For example, you do not have the right to enter a property or you can't do a home inspection after purchasing.

And you may find people still living there at the home. The municipality is not obligated to evict people who may be living on the. If you want to go down this route, make sure you do your extensive research before any financial commitments are made.