Episode 6
Understanding mortgage fraud in Canada: new protections and market dynamics
Ontario Mortgage & Real Estate Insights Podcast · Sandy MacKay, Steve Hamoen
June 28, 202417m 44s
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Show Notes
This episode delves into mortgage fraud in Canada, its scope, impact, and various types. It highlights real estate title fraud, a new Ontario law against predatory lending, and tips for prevention. Additionally, it covers rising housing costs, updates on mortgage rates, and Toronto's condo market surge.
(0:00) Introduction and overview of mortgage fraud
(0:46) The scope and impact of mortgage fraud in Canada
(1:22) Types and motivations behind mortgage fraud
(2:53) Real estate title fraud and its prevalence
(3:42) New Ontario law to protect homeowners from predatory lending
(4:56) Red flags and prevention tips for mortgage fraud
(6:02) Sponsor: Home Equity Bank's commitment to preventing fraud
(6:42) Rising housing costs and inflation impact in Ontario
(12:00) Update on fixed and variable mortgage rates
(12:59) Surge in Toronto condo listings and market dynamics