Thursday to recoup around $600,000 in unpaid property taxes.
Twenty-eight properties, including 11 condo suites, will go under the hammer following failures to pay taxes from 2012 to 2015.
reports that the starting prices for each property will be the unpaid taxes plus five per cent.
However, the process does not usually end with owners losing their homes or business premises. Bidders pay the taxes but then owners can clear the debt within a year and pay the successful bidder six per cent interest, without losing their property.
That happens 99.9 per cent of the time, according to financial services director Esther Lee.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Victoria Mines, Duntroon, Saint-Sauveur, Shuniah, Devlin
An auction will take place in