A redemption period is the timeframe during which a property owner can reclaim property sold at a tax sale by paying outstanding taxes, penalties, interest, and associated costs. Provincial legislation sets redemption periods, which vary by jurisdiction but typically range from several months to several years. During this period, the tax sale purchaser's ownership isn't final—if the original owner pays the outstanding amounts, they retain the property and the purchaser receives a refund. The redemption period protects property owners from permanently losing homes due to temporary financial difficulties while giving purchasers eventual certainty about their acquisition.