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Understanding mortgage fraud in Canada: new protections and market dynamics
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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
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