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Canadian Mortgage Fraud! CBC Marketplace | KT CONFIDENTIAL EP207 | The Real Estate Podcast

In episode 207 of KT Confidential | The Real Estate Podcast, Adrian Trott and Ariel Kormendy discuss a recent CBC market place which goes undercover to reveal a more than concerning amount of fraudulent mortgages within the Ontario real estate market. This is such a big deal even TRREB has come out to make a public statement asking for CBC to release the names of those involved. Will CBC reveal the names of those involved? What should the repercussions be? How has this affected the current market? All of that and more on todays episode.

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Watch the CBC marketplace episode HERE

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00:32 – Intro
01:22 – Mortgage fraud
03:09 – Foreigners are targeted
05:14 – Fraudsters are everywhere. Beware
11:24 – The effect in the market
14:23 – Fines and punishment for fraudsters
15:09 – Forged documents
20:20 – Housing market stats
23:46 – Outro

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Want more real estate podcast discussions?

Watch it HERE
Listen to it HERE

Catch clips and highlights of the show HERE

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After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORSĀ®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.

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