A tax sale home stems from unpaid property taxes. After taxes are in arrears for at least two years, and a Tax Arrears Certification has been registered on the property for a full year, the municipality can legally sell the property to recoup the unpaid taxes.
The municipality carefully regulates tax sales. In Ontario, some rules and regulations must be followed in purchasing and selling tax sale properties.
Here are a few of the key points in municipal tax sales rules.