Brampton： Canada's Shocking Mortgage Fraud Capital Exposed #Housing
Episode Stats
Summary
Brampton, Canada is the fraud capital of Canada. It s been an open secret in the mortgage industry for a long time that there is rampant document fraud going on. That s coming home to roost, but it s not politically popular to talk about.
Transcript
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All of that's legitimate. All that was discussed by the globe. What was not discussed because it's
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not politically popular is the fact that Brampton is the fraud capital of Canada, right? We knew
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this. I mean, I'll tell you an anecdote. I met with the CEO of a private mortgage insurer.
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This is a decade ago. And even back then, I was concerned with mortgage document fraud. And I said,
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how are you guys thinking about this? And I kid you not, the first thing he said to me is, look,
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we know all about Brampton. This is what he said to me. So it's been an open secret in the mortgage
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industry for a long time. There is an issue with mortgage document fraud. I would encourage all of
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your listeners and viewers to look up CBC, just type in CBC undercover mortgage document fraud.
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It was from 2024, I believe. Fascinating undercover research by CBC on the pervasiveness
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of fraud in certain areas. And Brampton was kind of the epicenter. So look, I've been talking about
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this forever on Twitter. I get a lot of flack for it. It's an open secret in the mortgage industry
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that there was rampant document fraud. That's coming home to roost as well, but it's not