Canadian tax foreclosures?
Question:
Answer:
Forget federal and provincial. That stuff either goes to the bank or the trustee.
There are occasional municipal foreclosures, but usually, anybody that is willing to give up their property for taxes owing didn't have much of a property to begin with.
The stories you are hearing about "Buy an Island!" or "million dollar ranch" are mopre fantasy than reality.
No such thing in this country. Bankruptcy trustee will sell the house and pay out what is owing to creditors. If you want a cheap fixer upper, your best bet is to buy a busted former grow op house. They are cheap and if you are a carpenter, you can make money.
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