fraud Archives - Mortgage Rates & Mortgage Broker News in Canada

Housing affordability challenges raising risk of mortgage fraud

Mortgage fraud falling overall, but rising among first-time buyers

March 31, 2025 No Comments

Mortgage fraud is trending lower in Canada after peaking last year, but new data from Equifax shows first-time buyers are increasingly behind the remaining risk.

Two Quebec real estate brokers suspended for using fake bids to drive up prices

September 11, 2024 No Comments

Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.

Mortgage Digest: CMHC halts dividend payments to boost rental housing

September 5, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

The growing risk of mortgage fraud and how to protect clients

June 27, 2024 1 Comment

Helping to safeguard clients against fraud has become an important component of a mortgage broker’s toolkit, and for good reason.

Experts say title and mortgage fraud are fast growing in Canada and homeowners should take steps to protect their properties — and their identities. A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette Experts say title and mortgage fraud are fast growing in Canada and homeowners should take steps to protect their properties — and their identities. A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette

Homeowners, realtors should take steps to protect against title fraud: experts

March 17, 2024 1 Comment

It’s been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you’re in default and now owe money comes as a shock.

Latest in Mortgage News: Are fixed mortgage rates about to take another leg higher?

August 3, 2023 No Comments

There’s speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further.

Housing affordability challenges leading to increased risk of fraud

March 28, 2023 No Comments

With higher prices and interest rates putting the dream of homeownership further out of reach studies suggest Canadians are more comfortable inflating certain details of their mortgage application — a form of fraud that could have serious legal ramifications.

Opinion: S&P Overstates Broker Fraud Driver

March 21, 2018 2 Comments

A few weeks ago, S&P said Canadian bank risk was rising, and it blamed mortgage brokers in the process. The rating agency wrote: “…The growing

Fighting Mortgage Fraud

September 24, 2013 23 Comments

Special to CMT, By Karen Beattie, NEXSYS Financial Mortgage fraud in Canada has increased by a staggering 50% in recent years, according to Equifax. While accounting

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