Since 1977, I’ve been navigating the complexities of the mortgage industry, handling my first Durham Power of Sale at Avco Finance. Decades later, the biggest misconception remains the same: homeowners believe they have months to catch up. They are wrong.
In Ontario (2026), the law hasn’t changed—it has simply gotten faster. Under the Mortgages Act, you have exactly 15 days of default before a lender can trigger the process. There is no judge and no trial; just a notice in your mailbox that starts the clock on losing your home. If you are at Day 10, you are already out of time. Watch this full episode of Durham Power of Sale to learn how to freeze the clock and protect your equity.