Real estate scams are on the rise in the GTA, where home prices have skyrocketed.

 

Real estate scams are on the rise in the GTA, where home prices have skyrocketed. Scammers have sold at least 30 homes without the knowledge of the owner. 


  • Title frauds are often used in which fraudsters use fake IDs to pose as homeowners; Land title searches are used to list the property. 
    • Real estate agents are used to list the property, and once the deposits are in the account, the scammers take the money and leave. 
  • An obvious red flag to look out for is that fraudsters use different email addresses and phone numbers from homeowners. 
    • Real estate agents are advised to verify identity, emails, and phone numbers to confirm the homeowner's identity before listing. 

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