Is the closing timeline different when buying a power of sale property compared to a regular purchase in Ontario?

It can be, and it is worth asking about specifically rather than assuming it will match a typical resale closing. Because the lender selling the property is often motivated to complete the sale efficiently, and because the property has usually already been sitting through a period of default and process before it even reaches the market, timelines in power of sale transactions can sometimes be shorter or less flexible than what a buyer negotiating with an individual homeowner might expect.

This has practical knock-on effects: a compressed timeline puts more pressure on arranging financing quickly, completing whatever inspection or due diligence you intend to do, and getting legal review finished before you are contractually committed. It can also limit your ability to negotiate an extension if something takes longer than expected, since the lender's flexibility may be more limited than an individual seller's would be.

Ask directly, early in the process, what closing date and conditions are being proposed, and make sure your financing and legal review can realistically be completed within that window before you sign anything.