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📲 𝐁𝐨𝐨𝐤 𝐀 𝐂𝐚𝐥𝐥: https://calendly.com/alexdunbar 🔔 𝐅𝐑𝐄𝐄 𝐃𝐎𝗪𝐍𝐋𝐎𝐀𝐃𝐒 Ultimate Buyers Guide: https://bit.ly/Free-Ultimate-Buyers-G... Ultimate Sellers Guide: https://bit.ly/Ultimate-Sellers-Guide It Started: $500 Million in Mortgage Fraud EXPOSED at Canadian Bank This video delves into a significant development in the Canadian real estate market, focusing on potential mortgage fraud and questionable income documentation practices involving a major Canadian bank in Ontario. A whistleblower from HSBC's mortgage approval department has revealed alarming details about mortgage applications that raised red flags, such as part-time workers with substantial incomes from remote positions based out of China. This includes examples like a part-time hairdresser reporting an income of over $500,000 and another individual declaring a $700,000 annual income while still having a $10,000 student loan debt. The video explores the background of the whistleblower, who moved from Campbell River, BC, to Aurora, Ontario, and noticed patterns of discrepancies that prompted further investigation. Despite raising concerns internally, the lack of significant action led the whistleblower to go public with the findings, highlighting systemic issues within the banking sector and the need for a broader conversation about the impact of foreign capital on Canadian real estate. The discussion extends to the implications for real estate markets across Canada, including Vancouver and the Fraser Valley, and the role of foreign income in justifying mortgage approvals during the pandemic. With at least $500 million in questionable mortgages identified, the video calls for transparency and accountability in mortgage lending to ensure the integrity of Canada's real estate market and affordability for all Canadians. ____ 📷 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦: / clientfirstcollective ⚫️ 𝐓𝐢𝐤𝐓𝐨𝐤: https://www.tiktok.com/@dunbarrealest... 🔵 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤: / clientfirstcollective 🔴 𝐘𝐨𝐮𝐓𝐮𝐛𝐞: https://bit.ly/Living-in-the-Lower-Ma... 🌐 𝗪𝐞𝐛𝐬𝐢𝐭𝐞: https://discoverhomesfirst.com/ ► 𝐄𝐦𝐚𝐢𝐥: alex@realestatehelp.com 📞 𝐏𝐡𝐨𝐧𝐞: 604-314-5418 Get Your FREE Lendlord Account https://lendlord.io/alex-dunbar 𝐉𝐨𝐢𝐧 𝐎𝐮𝐫 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐆𝐫𝐨𝐮𝐩 𝐟𝐨𝐫 𝐅𝐢𝐫𝐬𝐭-𝐓𝐢𝐦𝐞 𝐇𝐨𝐦𝐞 𝐁𝐮𝐲𝐞𝐫𝐬 🚀 https://bit.ly/CanadianFTHBGroup 🔔 𝐅𝐑𝐄𝐄 𝐑𝐄𝐒𝐎𝐔𝐑𝐂𝐄𝐒 ► 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞: https://bit.ly/ImproveCredit-Score ► 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫: https://bit.ly/Flow-Mortgage-Calculator ► 𝐆𝐞𝐭 𝐏𝐫𝐞-𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐝: https://bit.ly/get-pre-approved-here Surrey REALTOR Langley REALTOR Alex Dunbar #canadianrealestate #canadianmortgage #canadianhousingmarket The opinions expressed herein are solely that of Alex Dunbar, not Real Broker or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.