Ontario Tax Sale Property Forum
Tax Sale Forum => Questions and Answers => Topic started by: taxsale on May 11, 2006, 11:45:49 PM
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Hi everyone,
I'm new here and I wanted to ask a question. How often do tax sales come up in a particular area? Is there a cyclical pattern?
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Sorry, no pattern or cycle to this. Go back to the tax sale listings on the home page and you will see the listings going back to 2004. If you can make some sense out of it please let us all know.
Essentially, a municipality will go to a tax sale process if, as, and when it has at least one (preferrably more due to the costs of advertising) properties that are delinquent in tax payments and it wants to force a collection on. They don't have to do it at any particular time, and obviously if there are no delinquent accounts then they won't. In a large municipality such as Toronto, or Hamilton which have hundreds of thousands of tax accounts the chances are that they will have sales on a regular basis. For the very small rural municipalities, they might not have a sale again for another dozen years, again depending on who owes and how tardy they are.
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Thanks for your reply.
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You will notice different patterns of activity during the year. Generally, fall and spring are great times for cleaning old accounts and will notice an increase in properties. Some cities / regions will offer tax sale properties once a year at the same time. But Frank is right, it is completely random so you never know when that greatt property will become available.
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Thanks Rob