Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Regulator tracks rise in mortgage fraud complaints in B.C. as house prices jump
According to The Province,
A review of B.C. regulatory filings points to a growing number of mortgage fraud cases involving fake incomes, phoney offshore collateral, and false tax information in schemes allegedly connected to real estate professionals operating in B.C.’s growing shadow banking sector.
The detail is here.
Foreign investors ignoring Calgary, Montreal real estate markets
According to The Globe and Mail,
Calgary has a glut of unsold condos, so earlier this year, with a tax on foreign buyers in Vancouver and another looming in Toronto, real estate developer Brad Lamb decided to take a chance on China.
Sales representatives with the Juwai.com Chinese real estate portal had been pestering Mr. Lamb to advertise with them. He posted listings for developments in Calgary and Edmonton to see if he could drum up foreign interest.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
