Mortgage fraud caught on camera: Undercover investigation (Marketplace) 

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

@@Believer292 Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns.

@@james.atkins88 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

@@hunter-bourke21 Sure, the financial advisor that guides me is “Julia Ann Finnicum” and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.

@@james.atkins88 I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks

they are in it mate

They all are in on it … Every thing seems to be to line someone else’s pockets… from the president to the Canadian Gov. To lenders, banks.. you name it theres a scam but we have to fight the “war on drogs” 😂 they distract the common people with an opioid epidemic, and this supposed war that can’t be won when there really is a war to be had💯 it’s bait and switch with a little smoke and mirrors the governments supply the illegal substances to the streets and allow it to cross the border every single day.. and every once in a while, they “catch“ somebody so it doesn’t raise suspicion. They have been caught smuggling stuff in corpses of dead military personnel, and so many other ways it’s ridiculous. but this is all to distract away from the real white-collar crimes that are going on that make the rich richer and the poor poorer. Between traffic tickets, and this weird war on droogs they claim is going on it’s enough to keep people distracted, and away from the real criminals that are getting away with murder in a financial sense. all of the substances that they have scheduled actually have a medical benefit and were used as medicine at one time. MMJ was made illegal because it was threatening the paper industry as well as the alcohol industry. That was the only reason. cocaine is still used in medicine today and opiates are just another form of heroin but that’s where our focus should be according to everyone’s government, which absolutely isn’t the case. c0caine is still used in medicine today & 0piates are just another form of her0!n & that’s where our focus should be according to everyone’s government, which absolutely isn’t the case. People need to wake up and realize what’s truly going on but unfortunately the average reading level of let’s say the United States is seventh grade so we can’t expect more than 30-40% of the population to comprehend what is actually happening in the world let alone do something about it. The amount of people that are intelligent enough to put the puzzle pieces together is not enough to stop what is happening

@@patfrederick7327 They do nothing unless some Christian Pastor or Catholic Priest gives a thumbs up. All strings are puppeted by the Church in Canada

@@patfrederick7327 Yes, and my advice is always to be wise to this in the back of your mind.

@@patfrederick7327 You are wiser than me. I have been burned so many times and have wounds and great loss in my life to prove it.

Not hard when the bank knows you stumbled into their "sweet gig". They really should report that crap to whatever banking regulation authority certifies financial institutions in Canada.

You know why they won't

Totally agree here.

Mortgage brokers are licensed so they can lose their license if got caught. Bank mortgage specialists are employed and once got caught they will be just find employment in another bank. And there are many banks there.

@@BurntTransistor They can't because then they'd be held liable for potential impacts on those individuals from revealing their identity.

​@@junyu3453not true. Bank mortgage specialists are self-employed but licensed through the bank. They too could be charged and lose their license

90%

It’s a Ponzi scheme where greed exists at every level, the buyers can choose to go with smaller more affordable but they too want to take the highest return so will gamble the highest.

@@gurveersingh6468 95%

@@kurts3779 please say 99.99%😀

@@ashk5488 all they have to do is match the income reported to that reported to CRA but then banks will now be under scrutiny and nobody would be happy about that.

should have this same anger to government

At the end of the day, you can’t be preyed upon if you know elementary math. If you make $150k, it shouldn’t matter if you get approved. You should know if you can make the payment or not based on your budget.

@@j.dowland5405 exactly, the “victims” are playing brain dead

As a realtor in Calgary I absolutely agree with you !! I have been selling real estate since 1996 and we need to weed out the crooks to gain more credibility to the ethical agents !! More accountability NEEDS to be done !!! 😡😡😡

@@kyledennis2564 If that's the case, why bother hiring these crooked professionals to facilitate the transaction?

It is when your economy is only based on real estate

@StonkSlayd thats basically how the 2008 crash happened

I would say 99% punjabis are doing this . Just walking around surrey , the “mansions “ you see are housing punjabis who live there and can’t even speak English . Very obvious of how the system is being abused . Now Canadians will never be able to afford a home .

Glad this investigation showed all country men were involved but some figured it out first. The risk comes from families and communities that won't be able to pay or afford these in the long term and hope they won't based on history.

Work harder

Can only be inflated if people can be found ? lol

In Manitoba too and they are cause the housing crisis.

These guys are doing God's work. Rent is higher than mortgage payments. Sometimes people with bad credit and a good job need a break. These guys are doing God's work. You are a narc

@@mattchernawsky9160 Matt smoke another one ok.

@@Bugsy0333 just trying to get houses with bad credit and a good job. Ur a narc

@@mattchernawsky9160 No house for druggie. You keep renting.

@@mattchernawsky9160 "I NEVER NARCD ON NOBODY"🤣

Here here. Realtors are pointless. It’s their grip on the MLS that keeps them in business.

Yep! In no other profession you got 100% raise during covid.

I gave up a home inspection business because I got sick of realtor's underhanded activities. They are no better them a used car salesman.

@@1486230 100%

@@1486230 5% of a house value for what amounts to not much more than a facebook post?????.....

Thank you !

They dont care! They work for people who have a vested interest in keeping the machine moving

How can you find anything when you refuse to look??

same words, I have heard 8 months ago.

Longtime thing

Are you implying that makes it acceptable?

means our system failed to find out about serious matters such as this, sooner!

@@Bojaxs I denied

What race? 😮

@@ratedr9672 the scammer race lol

@@ratedr9672 indians

They all making money

And the government knows and supports it.

Thats the problem

@@missmarya747 only buyer is at risk, broker and realtor are out as soon as mortgage is funded, banks transfer the risk to CMHC, buyers risk loosing downpayment and credit for a long time.

@@changinglive7 What if they are paying 20% down payment, which is the case in most of these fraud mortgages?

Really?

@@henrymalacho4837 almost, shes talking about how the housing bubble began, but it isnt the reason why it was a disaster for "everyone" aka the financial crisis. the subprime mortgages were sold with aaa mortgages as mortgage back securities that investment firms pushed to their clients. this is what caused banks to almost fail until the bailout which tanked the economy, which led to "a disaster for everyone".

Too little to lars

🎉yes you are right for 100%

This is an important comment that I wish they mentioned in the piece. Especially considering how reactive people are nowadays. Thank you for pointing it out.

It's common though in South Asian and Black communities. When black people are rejected for mortgages, they say it's racism - no, you weren't qualified. Then they get these homes through fraudulent means and can't keep them.

@@joyfulrealtor the foreclosure rate for Canada is the lowest in the world. Banks/B Lenders know this and this is why they turn a blind eye to it. Very rarely will you see anyone from an immigrant community foreclosing on a house. They will take up a 2nd job, lease their basements anything possible to maintain the payments.

@A.J. Sina “this level of fraud” has existed for decades.

Because of the insane interest rates it has slowed to a stop agents and mortgage brokers are doing whatever it takes to make a living and put food on the table

really? So it is ok if the banks are systematically blocking immigrants of having a property on the basis of lack of credit history? even though they make enough and by any projections, their income will keep on growing in the future. But since they are immigrants, they should not own better properties than native canadians right?

@@ironhell808 thats crazy to here, what lake were you on?

@@ironhell808 :( boy racism and xenophobia (no matter which one it is) is a hell of a drug and they seem to like it in their kool-aid

@@Shimakaze2487 Whatever! You're seriously going to wholesale believe some stranger on yootoob? Being gullible makes you look dumb.

Canadian realtor board are low testosterone

They must be paying off the government. No wonder we had such a huge housing bubble here in Canada. Thankfully prices are crashing now.

all banks are involved not just Scotia

All banks who employ brokers are involved in this, why would they need brokers when they have bankers doing the same thing in their branches, it is basically a data entry job paying huge commissions for being creative

@@m.b5777 Good point.

@tusharnayyer951 you are awesome.

gov doesn’t care. bank blindly take papers and done! start with real estator then mortgage brokers..

They know, Realtors are scammers. Simple. Don't let them make money with your property!

Destroying communities in record breaking time! Then lying to the public about the cause of the damages! Canada is under siege and you don't hear them talking to Canadians about that!!

Here's a concept, why not buy a house that's within your means!?! Why are people spending over a million dollars on a house. Don't know if it's the realtor or the buyer's own ignorance.

Government just wants their cut, they don't want to actually work.

RECO - Real Estate Council of Ontario. Not a federal agency. Call your MPP not your MP and tell them what you think.

yea this couple walked away from their $40k deposit because they bought at the peak and regretted it

@@m.b5777 and going back to India so they can get away from the rest of the problems

@@m.b5777 exactly they are doing everything possible to put the blame on the Realtor and his contact. Meanwhile the truth is they’re regretting their decision from February 2022.

@@garyphull2819 scumbag realtor detected.

doesn't change the fact that the agent actively aids and encourages. By the comments its almost as if agents were "unwilling victims". What a load. "Aw the poor victim agents".

Its coming - through Equifax - already being done in the US. Paystubs everything will eventually be linked to CBureau

@@philweir3108 that’s only established in U.S at the moment. Canada’s equifax employment verification is nowhere near as robust.

What did the agent suggest?

@Sean Downey this is not anything like what was taking place in the US. The banks/mortgage companies were legally selling subprime mortgages. They were not checking people's income, they were just making money with mortgages. The mortgages started below prime and then the lenders could raise them to whatever interest rate they wanted.

@Sean Downey Yes, you're right about 2008 in the 'States.

@Sean Downey It's already here, prices crashed over 30% where I live in Canada. My agent says probably another 50% to fall.

@Sean Downey Yes, that is exactly why it happened.

Exactly. I always wonder why no updates bout these stories ever happen.

I agree in regards to this type of reporting, but I also believe that a good "house cleaning" is needed in several of their other departments to better represent the interests of the majority of Canadians......

Even a broken clock is right twice a day ... doesn't mean I would want to own one. The CBC is broken, beyond repair and not worth $1.3 BILLION/yr to spew their leftist propaganda

😂😆 Government funding Thier own "News"

Now do politicians

they are just ten years late to the party here, that is my issue, they barely covered the BC elections, but ya this one is a banger and makes up for a bunch of their recent failures

It is when it is so biased. 30 minute episode targeting one community and one brokerage. Meanwhile all others sit back and watch the drama unfold.

They will not get away with it!!!!!

The thing is the owner of the realtyis part of the fraud, he isnjust acting ckean in front of the camera!

Of course, if house pricing is on the rise, who can wait 3 months?

Exactly, why to take the burden of regulators if they are not doing even 10% of thier jobs.

They did claim to suspend 7 brokers in 5yrs so there is your millions of dollars well spent, while 700 more may have entered the market.

@@changinglive7 Exactly! If this is an open secret, then more should have been done.

Exactly! Almost makes me feel like they are in on it!

Cause success comes with risk

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yGq5BPz7sQo.html

Really?

Looks like a repeat from 2008 which was called real estate meat factories..or something to that effect. I agree with you 100% - it's the government system (judicial system included) that allows, through sweet deals and other corruptive measures, for the shady crooks' predatory actions.

True, we are looking to buy home in near future and although our agent is a professional, she recently said something like you can get a specific amount (which we are looking for) in mortgage loan but the lender requires an offer so that they know are purchasing a particular property. In short, we are not getting pre-approved but we can get that rate once we have put the offer.. That's just asking for trouble, We are planning to hold off buying for now until we have some more savings. If you can't afford it don't buy it simple, don't make things harder for yourself. People who bought a house in February of this year are crying right now because they bought overpriced houses on variable loans which they couldn't afford. I hope those house flippers are suffering right now, they deserve it.

Send the info to regulators and hopefully regulators are not crooked

@@Prabh892 what Regulators?? They are just highly paid Admin jobs ? How often do you hear of all kinds of misdoings at the banks, has been going on for over 30yrs and will go one unless the govt stops buying bank mortgage debts and stops employing brokers altogether. Brokers are nothing but data entry clerks, they collect data from buyer and input into the banks system, the only reason AI has not replaced them is because AI will not be “creative”, banks rely on the brokers to be “creative” otherwise the same job can be done by the banker sitting inside the branch.

No mortgage broker in the history of Canada has gone to jail for mortgage fraud

Same happening here in lower mainland B.C from years.

Exactly lol!!!!

True .

0

True but the real fraud is the cost of homes and the amount banks charge for interest

2000 price level.. lol you wish

I am a licensed Realtor in the US (for 16 years) and I know HUNDREDS of Realtors and mortgage brokers and can count on ONE HAND the number who I even suspect might facilitate fraud like this. It is not nearly as common (at least not in the US) as they make it sound. SO yes, this is a terrible practice, but it's also disgusting how CBC is misrepresenting the industry by suggesting that 20% of professionals do this kind of thing routinely. It's just not so. Many of these folks will end up in JAIL for this...

Even if there wasn't corruption, which there is plenty, as someone with a finance background I can tell you that financial regulators are some of the most incompetent saps around. Why would someone accept a junior job as a financial regulator for 50K a year when they can make 200K a year to start as a quant for a hedge fund firm? The result is that the worst finance majors become regulators, although I don't believe paying them 200K a year to start is a solution either.

Yes but the world leaders have made a decree that nobody goes to jail so now what

that’s antisemitic

I sold my home and had all of my proceeds stolen the agent then filed a bankruptcy sent info to deceased person who had the same name in another state not notifying of bk court dates and walked away with $240,000 and my home i reported them and nothing was ever done

But the buyer will go to jail too, he is part of the fraud. At the end of the day his signature is on the paper and you can't claim they had no idea about the process when the broker is soo transparent.

amen to that. It is an abomination that no one got jailed over the 2008 thing.

Sorry to hear this. Was it also Homelife? Were u able to take back ur deposit?

And people that can't afford a house finally being able to buy one. Is that good or bad?

@@notnotnownow9622 If it stops genuine buyers from getting a home at real value pricing, what do you think

@@alanmcclelland5245 Do you really think it's a long line of buyers out there today?

@@notnotnownow9622 at +6%, it's willful financial suicide.

@@nokintendo9132 Everybody's situation is different.

What is his name?

If you consider paying tens of thousands more in illegal fees and overextending yourself with larger mortgages advantages, then go for it. It will all be fine and dandy until the foreclosure takes place......

@@friedrichrubbleheim9917 Dont kid yourself. nobody's gonna get foreclosed. when the economy will start to hurt real bad central banks will inject cash and prop the market up and the penalties and fees and higher interest that these criminals, smarter than you and I, paid will be offset by the capital gains. sure they'll be a few losers but most of those will run away like bandits and we will be left standing with our sausage in our hand.

Don’t a worry. When this unwinds it will be epic. It’s just getting legs now. Mortgage rates at 6% or more are going to wipe out most of Brampton, Mississauga and Milton. That will be the spark the sets the whole thing on fire. I will be sitting with a bowl full of popcorn in an easy chair watching it all unfold from 30,000 feet. Things are going to happen you can never dream of over the next few years. When you think it can’t get worse it will. Housing will get pounded and pounded and slapped again. Ohhhhh mama

@@friedrichrubbleheim9917 These are the first mortgages to fail. There will be many like thin in 2023 as rates rise.

As they say in the legal world, ignorance does not prove innocence. If people are dumb enough to forge documents and participate, they deserve to deal with the consequences.

@@on2thenextthing completely with you on this - end of the day , being gullible is their own fault . Also when you are coming from some other country , you want to make a new clean start .. surely there must be a better way of starting life in Canada than becoming an accomplice in activities that can be classified shady even with plain common sense

Of course they knew. It always works to play victim cards. They all knew but took a chance. They are as guilty as the realtors and the mortgage brokers.

mostly rich people of poor countries come to Canada. Their poor can't even afford basic necessities. The only exception are refugees and those who come here on spousal sponsorships

Will attempt explaining the scenario here - young couple featured in the video would probably have been working out of Bangalore , where pretty much everyone does a high paying tech job - they could have easily spent their lives in India - if you adjust the savings based on cost of living , they would have easily saved twice as compared to here .. however , social media has created a great deal of dissatisfaction amongst people , specifically 25-35 age group . When a person from Bangalore sees feed about Canada through their friends , all they see is fall Colours , first snow , details about free health care , free primary education etc etc - they don’t see the daily struggles that people here have to go through - as a result they decide to move out of the country . Coming to Canada would have been best decision for them had they been earning less in India .. if someone makes more than 85k Cad equivalent combined in India they should not even think about moving out

I was thinking the same thing also

As someone who has crossed the ocean both morally and literally. The problem in those countries is corruption and rule of law. You can live a great life but if you ever run into any problem (medical, criminal, whatever) you are finished. There is no security of food, rent, religion. Even the very air is toxic. Its the life of cattle, when someone decides to target you, there is literally nothing you can do, unless you want to be the butcher. Some people just choose not to be monsters and that is why they leave. Others just want to roll in their ill gotten wealth. Canada is not going to let you in unless you are loaded (wink wink) into one of those two classes. So yeah these people can afford to buy these houses and the banks are happy to jack up housing prices. When you kick new immigrants that are already down on their luck what are they going to do? Some withdraw into a life of ramen noodles others go big and roll the dice on million dollar homes.

@@mstrmndindia Well let's see...India population density 430 people per square kilometer. Canada density: 4 (28 if you fit everyone within 200 miles of the U.S. boarder). I would take my chances here if I were them.

What is your source? I have a hard time believing every person in the Indian community knows 10 people who got homes period, let alone via mortgage fraud.

I know atleast 6 to 8 persons

I had Indian tenants. Nice people but even as a landlord they played me a little. A scammer from India robbed my parents their retirement savings. I’m sorry, but I’m not surprised by what you’re saying. Yeah this country needs to do more to protect us.

At this rate let's let's just point the finger at every other minority. Who's to say that Indians and the Chinese must all be doing fraud... Fraud is happening in all demographics. I guess all hardworking Canadians of a different color may have done mortgage fraud. I guess there is no hard working Canadians after all..

It's not just Indian immigrants, I've heard the same from Koreans, Chinese, etc. Often this isn't to help people buy homes they could otherwise not afford (they can afford them), rather, it is to alter income to dodge taxes like the "Speculation and Vacancy Tax" in BC, where they would have to pay if they didn't earn their money here.

Hi Perry everyone is playing with the fire 🔥 on the expense of good and honest everyday people and Canadian laws are not stiff enough this is a big Wake up 🆙 call ☎️ Durga red phone ☎️

Same here. We refused to go this route suggested by a realtor.

I tried many times to get mortgage and was declined. So I bought landloards houses instead

They better kick out their tenants fast early in the school year and sell before their Trigger rates/points are hit and mortgage rates rise more and prices/values plummet even more. The longer they wait the faster the millions in paper evaporate faster than they went up in the first place

8 I have seen 16 student truck drivers in house

@@mickiiip1050 when home prices were rising private lenders had no problem lending people downpayment for 8-12% interest. The mortgage brokers arranged it and on paper made it look like it was a gift which came from a family member . Once the mortgage is approved the banks don't check of a second mortgage is registered against a property. So the broker would ask his lawyer buddy to register the 2nd mortgage after a week of the bank registering theirs. Everyone from lawyer to broker to bank employees get huge commissions Prices were rising fast so after 2 years the broker would refinance and pay off the 2nd mortgage. Of course he would get more commissions from refinancing

@@mickiiip1050 I don't really understand what you're asking, some buyers are going to private individuals to get a loan for the downpayment on the properties.

Realtors don’t want this to happens as it’s big commissions for them..!!!

It’s the banks and the government that is in on it. Lol the news shows how Scotia bank is so upset about this… absolute baloney. It’s time for the housing market to come down and that’s why this is being presented now. We are the sheep in this game.

I think that’s the point why people do this, because many work their lives only to pay someone else’s mortgage or their yearly income and never own a home. If so called “fraud” is the only way to obtain a home, then go for it. It should not have any gate keeping by institutions who have an “image” of the ideal homebuyer. If you have the money, the means and good credit, then let them own the house. When a bank stops you from enjoying what others have that you can have yourself, you find a way around this to obtain it too. Every rich person and position and bank employee is manipulator for cash, simple facts. You see, if everyone can own a home, no one needs to rent to pay someone else’s mortgage. Once people can afford or actually gain entry to buy a home, no ones overpriced 40 year old home will be bought unless at decent market value. When the bank realizes they’re not creating debt you can’t afford and leave you homeless, they actually have to work for money. Hence why only those with homes or those who profiteer from home sales will not want this because they can no longer manipulate the market and the prices. Sure these guys may charge a bit more but you actually get a home!

@@ironhell808 What? That's your takeaway? 🤯

@@hakasonma8588 That's ridiculous. This is how you end up with a massive economic crash when you let people buy homes they can't afford and interest rates makes them default on loans.

Bank employees cannot be too creative because of certain regulations inside the branches, that is why the banks rely on brokers to do their dirty work for them, otherwise anybody who has a bank account should be able to go get a mortgage at their branch, but they want to play a bigger gamble and buy a much bigger property so they go to these brokers. Usually most brokers have worked at banks and know how to get around the system.

It's unfortunate because there are a lot of good realtors out there as well as mortgage agents. There's like 70,000 licensed realtors in the GTA. People have choices!! But they always seem to be drawn to whoever will tell them what they want to hear... It's a sad part of the industry on the buy and sale side... people get all starry eyed, ignore the red flags and don't look at alternatives.

@@ironhell808 yeah lots of people are doing this on social media. They make content how you can make money by flipping houses. So they do it cheaply and fast and the end result looks nice but still has many problems.

Good for you! Being honest and having integrity is a rare trait these days. The world just keeps going downhill thanks for many things, dishonesty totally among them! Stay honest

Why? Is it because you want your prices to be high? Want to feel better than others who cannot afford homes? So that someone else can pay you mortgage and you live essentially rent free or on yearly income? What people like you seem to fail to understand is that some people work hard their whole lives only to pay someone else’s mortgage or are never allowed to own a home because of the bank. So if people like this have to exist (of course to make their own profit) then let them! I know I myself would use one of these methods as I have been looking for this myself and my family. Sadly, I don’t know any. If anyone does, kindly let me know. At the end of the day if the bank can’t help you get home ownership, then someone else will. It’s pretty simple math. I know of other services and products Canada labels as “fraud” or “illegal” in order to let them controlled (manipulated) markets flourish and keep the pocket books in the hands of a few only. Hence why people will always risk “breaking the law” even if law abiding citizens because once you have played by the rules only to gain nothing, essentially you will shift over to these methods to achieve the same way even owner and rich person gains money, through manipulation. It’s funny only those who own homes whine about this, same way those “license holders” cry about “unregulated markets” at the end of the day the consumer has the last say how their money will be used. So why expect everyone to live under you guys when they work hard and can own a home even if the bank won’t allow it? Then again, anyone who has a credit card would be a hypocrite and liar if they said the bank, rep or company did not just tell them we’ll get you approved, just give it a shot. So if the bank will push credit cards on you and approve you through “household income” then someone should be allowed to be offered a chance at owning a home in the same fashion...

@@hakasonma8588 Dude you need to stop supporting fraud, I've seen multiple comments of yours supporting it. You are talking only about first time home buyers, what about people who own 2-3 investment properties committing fraud to purchase those houses? Laws exist for a reason, maybe you should do little bit of research on why these laws exist and what are the ramifications if not followed? It's not pretty simple math. You have one dimensional perspective to this problem, the whole country will get screwed over. Do you know the crux for 2008 real estate crash? Please do research before you comment anymore.

@@hakasonma8588 it's funny that even after watching this video you can't figure out who to contact to be part of the fraud

@@hakasonma8588 so you want to encourage fraud because everyone can’t afford for their own home. Great!

@@hakasonma8588 nope that’s what got the US in trouble in 2008

😂 Nailed it.

If the house market is going up, we will not see this...😅

Exactly

Corruption imported from India to Canada! Yayyy!!..We might even have scam call centers here in Canada and dont even know it!!.

A simple solution would just be for banks to obtain consent from borrower to confirm their incomes directly from CRA as the banks do for credit check, but this will interfere with the Ponzi scheme all the parties are enjoying, realtors, brokers and banks would be doing much less if they were to actually follow the rules.

100% true...I know enough people who own millions in assets, driving luxury vehicles, high income cash businesses, declare no income to CRA and collecting maximum Canada child benefits and/or GIS payments meant for low income families. Meanwhile flashing their scam money on us taxpayers who actually fund their lifestyles, telling us jobs suck. Governments and CRA failed miserably or putting a blind eye to this scam.

@@changinglive7 I think banks don’t care because poor CMHC picks up their housing default risk. Very recently, banks supported buyers who were over bidding for homes by raising valuation. That air in the balloon too is probably backed by poor CMHC.

@@OscarSanchez-rh9br They are part of the public service. All earnings are tax paid. Lots of potential trouble in wrongdoings. Efficient or not is a different issue. Policy making in Canada is being led by non-subject matter experts and that in itself is a big issue.

We know the demographic responsible too

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yGq5BPz7sQo.html

Best part is guaranteed a lot of the banks know the documents aren’t legit. Ppl are fooled to think otherwise