A power of sale in Canada is a legal process used by a lender to sell a property when the homeowner defaults on their mortgage. Unlike foreclosure, where the lender takes ownership of the property, a power of sale allows the lender to sell the property to recover the outstanding mortgage balance. Typically, the property is sold at or near market value, and any remaining funds after paying off the mortgage and associated fees are returned to the homeowner. This process can be distressing for homeowners, as it often results in the loss of their property.