The CBC investigation on mortgage fraud that was aired on October 14, 2022, has shown how rampant mortgage fraud is within Canada. The real estate and mortgage industry is self-regulated in many parts of the country. Realtors and Mortgage Brokers that blatantly engage in fraudulent activity are rarely held accountable. Only 7 Ontario real estate agents/brokers have been disciplined in the last 5 years. This has contributed to an overheating housing market, pricing out many law-abiding Canadians from ever owning a home. By signing this petition, we will put pressure on the Federal and Provincial Governments to: 

• Impose stricter penalties for mortgage fraud and misrepresentation,
• Revoking licenses and criminally charging perpetrators, 
• Requiring provinces and territories to require the real estate and mortgage industry to be regulated by an external entity rather than self-regulation, 
• Performing under-cover stings by the real estate bodies and law enforcement to ensure compliance, 
• Requiring CRA to provide notice of assessments, T4s, T4As, and T5s directly to lenders to prevent documents from being manipulated, and 
• Establishing a national database for banks and lenders to document fraudulent activity detected and backlisted brokers. 

Please sign and share this petition to make your voices heard!