I don't see specific language to foreclosures in there, but your laws are likely different in Canada. If that's the case, your renters are very lucky.
I know two different people who were renting and were evicted by law enforcement with three days notice. They had no rights as renters and were not entitled to any of their money back except for the security deposit (which neither got). Neither had any idea that their landlord wasn't making mortgage payments nor were they aware there was a risk of foreclosure on the property they were living in. Its not very easy to find a place to rent for a family of four in three days.
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