The number of default mortgage properties listed for sale in Brampton so far this year doubles the total in neighbouring Mississauga, with one real estate market analyst saying more \u201cmortgage distress\u201d is yet to come.<\/p>\n
A \u201cpower of sale\u201d can happen when a homeowner defaults on their mortgage, leading to the lender selling the property in order to recover any outstanding debts.<\/p>\n
These types of sales have seen some homes in Mississauga, Brampton and across the Greater Toronto Area selling for huge losses, including one sold for more than $1.7 million in Brampton a few years ago that traded hands last month at a nearly $750 loss.<\/p>\n
The home on Gulfbrook Circle in Brampton was bought in February 2022 for $1,715,000<\/a>, and listed multiple times in 2025 with an asking price of $1,429,000, and later lowered to $1,199,900.<\/p>\n The detached property was listed again in August for $969,900 and sold last month for 968,000.<\/p>\n Brampton had 45 active power of sale listings on Oct. 8, while Mississauga had 28, according to data on powerofsalelistings.com<\/a>.<\/p>\n And while Toronto has the most active power of sale listings currently on the market with 179, Brampton has had the most new power of sale listings so far this year with a total that doubles the amount of new default mortgage listings in Mississauga.<\/p>\n Canadian real estate watcher John Flynn posted data from the Matrix multiple listing service on X, saying there have been 406 new Brampton power of sale listings in 2026 compared to 203 in Mississauga.<\/p>\n The post was shared by GTA market hawk @ShaziGoalie, who said the story of default mortgage listings in the city \u201cis still unfolding.\u201d<\/p>\n \u201cAnd here\u2019s the scary part\u2026I don\u2019t think we\u2019ve hit peak mortgage distress yet,\u201d he said in the post.<\/p>\n We started posting \u201cPower of Sale of the Day\u201d back in late 2022.<\/p>\n Four years later, look at these numbers.<\/p>\n Brampton: 406 And here\u2019s the scary part\u2026<\/p>\n I don\u2019t think we\u2019ve hit peak mortgage distress yet.<\/p>\n This is still unfolding.<\/p>\n \u2014 Shazi (@ShaziGoalie) October 6, 2026<\/a><\/p>\n Data released by Equifax earlier this year showed the number of delinquent mortgages in Ontario were up in 2026, while Brampton has the highest rate in the country \u2013 more than twice the Canada-wide average<\/a>. The numbers showed mortgage delinquencies jumping 52 per cent in Ontario during the first quarter of 2026, with missed payments up to 0.36 per cent from 0.24 per cent year-over-year.<\/p>\n In Brampton, delinquent payments hit 0.64 per cent in Q1 of 2026, up from 0.6 per cent at the end of 2025, according to reports.<\/p>\n Pressures adding to the high rate of delinquent mortgages in Brampton could include many homeowners renewing properties purchased during the pandemic era at significantly higher rates, declining home value and prices, rising unemployment, and homeowners who stretched affordability during the peak market.<\/p>\n
Mississauga: 203
Hamilton: 162<\/p>\n