Mortgage Fraud in Canada: What It Is and How to Avoid It Mortgage fraud – deliberately providing false or misleading information in a mortgage application – is a growing concern in Canada. It occurs when borrowers (or industry insiders) misrepresent facts like income, debts, or identity to get approved for a loan or for better terms they wouldn't qualify for honestly. In today's hot housing market, the pressure to qualify for large mortgages is high. Unfortunately, this has led to a rise in fraudulent applications: Equifax reports mortgage fraud is 30% higher than pre-pandemic levels. (While one report noted a dip…

The ongoing trade tensions between the United States and Canada have created significant challenges for businesses across various sectors. However, these disruptions also present unique opportunities for entrepreneurs and companies in Vancouver, BC, to diversify supply chains, explore new markets, and establish strategic partnerships. By leveraging Vancouver’s position as a trade hub and collaborating with Mexico, businesses can mitigate risks and capitalize on emerging trends. At Kraft Mortgages Canada Inc., we understand that economic shifts like these can influence business decisions, including financing, investments, and expansion plans. This blog explores the trade war’s impact, Vancouver’s economic landscape, Mexico’s role as a…

Explore the intricate world of private mortgage lending in British Columbia, where unique opportunities await both borrowers and lenders. This insightful article provides an in-depth analysis of the BC mortgage landscape, highlighting key borrower opportunities that can transform your financial outlook. Additionally, it examines crucial lender considerations, ensuring informed decision-making in the private mortgage sector. Whether you're a borrower seeking alternative financing or a lender exploring new ventures, understanding the dynamics of private mortgage lending in BC is essential for success.