Real Estate Scams Unravelling

Ontario’s real estate mess isn’t just falling prices anymore — the scams are surfacing – with private lenders losing their shirts, real estate brokerages getting shuttered, and the financial regulator stepping up enforcement efforts. #ontariorealestate #torontorealestate #canadarealestate Links: ‘I would like my money back’: Ontario woman worried $150K invested in private lending is gone: https://www.cp24.com/local/durham/2026/02/06/i-would-like-my-money-back-ontario-woman-worried-150k-invested-in-private-lending-is-gone/?utm_campaign=trueAnthem%3A%20Trending%20Content&utm_source=twitter&taid=6986021fba85ed00014b9f81&utm_medium=trueAnthem FSRA suspends Ontario mortgage agent after forged insurance applications: https://www.mpamag.com/ca/mortgage-industry/industry-trends/fsra-suspends-ontario-mortgage-agent-after-forged-insurance-applications/564089 RECO suspends, freezes accounts of Mississauga real estate brokerages after finding $2.7 million ‘unlawfully’ disbursed from trust accounts: https://www.thestar.com/real-estate/reco-suspends-freezes-accounts-of-mississauga-real-estate-brokerages-after-finding-2-7-million-unlawfully/article_97f73848-3c8d-4896-9a51-689dd46e13f7.html Real Estate Council of Ontario suspends four Save Max brokerages over misappropriated funds: https://www.theglobeandmail.com/investing/personal-finance/article-save-max-brokerages-suspended-over-misappropriated-funds/ ‘You only find out who is swimming naked when the tide goes out’: Pearls of Warren Buffett wisdom on his last day in charge: https://fortune.com/2025/12/31/you-only-find-out-who-is-swimming-naked-when-the-tide-goes-out-pearls-of-warren-buffett-wisdom-on-his-last-day-in-charge/ Attractive Returns for Your Tomorrow: https://magentacapital.ca/investments/investors/ New Ontario rules target private mortgage lenders: https://www.theglobeandmail.com/real-estate/article-tougher-licensing-coming-ontario-private-mortgage-lenders/ Market Watch Archive: https://trreb.ca/market-watch-archive/ 'Escape hatches are gone': Power of sale listings surge in Toronto: https://financialpost.com/real-estate/toronto-power-of-sale-listings-surge RECO finds $2.7M trust account misuse at Save Max brokerages: https://realestatemagazine.ca/reco-finds-2-7m-trust-account-misuse-at-save-max-brokerages/ RECO freezes Scarborough brokerage’s accounts after $580,000 shortfall discovery: https://realestatemagazine.ca/reco-freezes-scarborough-brokerages-account-after-580000-shortfall-discovery/ iPro Realty Ltd. closure effective August 19, 2025: https://www.reco.on.ca/news/ipro-realty-ltd-closure-effective-august-19-2025 Save Max Real Estate Opens Doors for Entrepreneurs Without License to Join Real Estate Industry Opportunity to Operate and Function as a Real Estate Franchise for non-licensed professionals: https://financialpost.com/globe-newswire/save-max-real-estate-opens-doors-for-entrepreneurs-without-license-to-join-real-estate-industry-opportunity-to-operate-and-function-as-a-real-estate-franchise-for-non-licensed-professionals RECO takes regulatory action involving four Save Max brokerages: https://www.reco.on.ca/news/reco-takes-regulatory-action-involving-four-save-max-brokerages Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.