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…