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Nadine Yousif - BBC News, Toronto
Sat, February 18, 2023 at 3:20 AM EST·6 min read
Fraudsters appear to be targeting lucrative real estate markets in Canada, primarily Toronto, where the average home costs over $1.2m
A Canadian couple recently learned that their home was sold by fraudsters without their consent while they were out of town. Experts say theft of this nature is rare, but there has been a notable rise of similar cases in the country's most populous city.
Early this year, Toronto police said they wanted the public's help in catching two people who were involved in a complex fraud scheme.
The individuals, police said, had used fake identities to pose as owners of a home in the city. They then successfully sold the home, handing over the keys to the unsuspecting new owners.
The real owners of the home, meanwhile, had been out of the country for work since January 2022.
Read more
Thoughts?
Sat, February 18, 2023 at 3:20 AM EST·6 min read
Fraudsters appear to be targeting lucrative real estate markets in Canada, primarily Toronto, where the average home costs over $1.2m
A Canadian couple recently learned that their home was sold by fraudsters without their consent while they were out of town. Experts say theft of this nature is rare, but there has been a notable rise of similar cases in the country's most populous city.
Early this year, Toronto police said they wanted the public's help in catching two people who were involved in a complex fraud scheme.
The individuals, police said, had used fake identities to pose as owners of a home in the city. They then successfully sold the home, handing over the keys to the unsuspecting new owners.
The real owners of the home, meanwhile, had been out of the country for work since January 2022.
Read more
Thoughts?
