Greater Toronto’s soaring prices got a lift from mortgage fraud at a major bank. Earlier this month investigative journalist Sam Cooper and The Bureau, revealed whistleblower allegations of a massive mortgage fraud scheme at HSBC Canada’s Greater Toronto operations. RBC acquired the bank shortly after the alleged incidents occurred, with the government approving the sale just a few weeks ago. Now a Canadian lawmaker wants an investigation into the issue and for the country’s largest bank to set aside $100 million for any resulting fines.
