Canadian Government Auctions – An Overview

Thursday, February 8, 2018

If you’re involved in auction activities, no doubt you would know the golden rule. This ‘golden rule’ is simply this. Attend as many events as you possibly can. You need to do this, because not all auctions will have the kind of bargains you’re looking for. The more you attend, the better the odds are in getting what you want for the price you want it.

Canadian government auctions are a great way to diversify your auction participation. Whether you’re based in the States or Canada, this is an opportunity for you to get involved with proven money saver auctions.

The Canadian economy is big. As a matter of fact, Gross Domestic Product exceeds $ 1,2 trillion. Even more important to note, the government is a big participant in this economy. This obviously then leads to a great deal of Canadian government auctions held around the country where a number of different government owned and seized goods are sold.

The Canadian government has a federal, provincial and local city level. Auctions take place on all of these. If its federal auctions you’re looking for, you’re starting point is the Crown Asset Distribution. This is a federal agency tasked with disposing all federal surplus goods. They have centres across Canada where a range of assets are sold. These are typical government surplus such as cars, trucks, Suv’s , laptops, computers, office furniture, telephones, etc.

If you don’t fancy federal auctions, perhaps you can consider attending provincial events. The ten provinces in Canada are:

Nova Scotia
New Brunswick
British Columbia
Prince Edward Island
Newfoundland and Labrador

As individual territories they conduct auctions from time to time. Also you will be able to find some juicy, potentially lucrative auctions on a City level. Many eager bidders have made good money, by attending events at cities like Saskatoon, Vancouver, Winnipeg, etc.

The auction method depends entirely on the relevant administration authority and can either be held by the agency themselves, outsourced to third party vendors (private auctioneers) or sold online.

Whatever the case, these auctions are a great way to get goods on the cheap.

Jake Johnson regularly writes on Canadian government auctions. His expertise relates to profiting at auctions through innovative techniques and strategies. Read more on finding profitable government auctions in Canada.

Leave a Reply