Power-of-sale listings in the Greater Toronto Area hit a two-year high in April, with over 300 recorded across Ontario due to falling home prices and a sluggish market. Many homeowners owe more on mortgages than their properties' worth, leading to increased distressed sales. Rising unemployment, higher debt, and mortgage renewal challenges contribute to this trend. Investors who bought multiple properties during the boom are particularly vulnerable. Private lenders account for two-thirds of cases, and bulk-condo sales of distressed assets are expected to rise.