Tax Sale News

New to tax sales? Click here

Subject: OTS during the COVID-19 pandemic

To all OTS members:

To safeguard the safety of the members of our team, we have moved to a skeleton staff.

We will continue to provide our members with Title Search Summaries^TM and Title Search Updates^TM.   There may however, be delays or disruptions to our weekly newsletters.

We thank you in advance for your understanding, and we hope that you will remain healthy and safe.

Best regards,

The OTS Team

 __________________________

We Have No Featured Listings

We Have Members Only Listings in:

• Tyendinaga (Hastings County)
  

______________________________

Free extension of your membership

We expect that there will be few, if any, new tax sales listed for the duration of the state of emergency in Ontario, for the following reasons:

1. At a tax sale, tenders must be opened at a place that is open to the public.  However, it would be difficult, if not impossible, to conduct a tax sale in a place that is open to the public, while still complying with social distancing requirements.
   Under the Municipal Act, 2001, treasurers are given the discretion to do what in their opinion is necessary to ensure a fair and orderly sale.  Treasurers have been exercising this discretion by postponing or canceling their upcoming tax sales.
   
   
2. Normally, a municipality can postpone a tax sale for up to 90 days from the date that was originally advertised.  On March 17, 2020 the government of Ontario proclaimed a new Regulation that freezes the timelines for tax sales.  This gives municipalities more time, should they choose to postpone their tax sale.  According to the new regulation, if, for example, the emergency were to last for 60 days, a municipality would have 90 days + 60 days in which to hold the  re-scheduled tax sale.
   
   

What this means for you as an OTS member:

When the Province officially ends the emergency, we’ll extend your membership for free, matching the duration of the emergency.  For example, if the emergency last for 60 days:

• If you’re an annual member, we’ll add 60 days on to your membership, free of charge
• If you’re a monthly member, and you maintain your membership throughout the emergency, we’ll give you 60 free days for free when the emergency has been lifted
  
  
  In the meantime, we invite you to look at some of the sections on our website that maybe you haven’t taken an in-depth look at before, such as Tax Sale Results.

______________________________


On SurplusProperty.ca

10 properties in Greenstone
No Minimum. Make an offer!

_______________________________

Instantly learn about new tax sale listings, cancellations and more:
Follow Ontario Tax Sales (OTS) on Twitter

Like Ontario Tax Sales (OTS) on Facebook