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House Hansard - 277

44th Parl. 1st Sess.
February 7, 2024 02:00PM
Context: House Hansard - 277 - Feb/7/24
Mr. Kevin Vuong (Spadina—Fort York, Ind.)
  • Feb/7/24 3:17:57 p.m.
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Mr. Speaker, whistle-blower information from HSBC documents shows rampant mortgage fraud by people using fake high salaries from fake jobs in China to get mortgages and buy houses in Canada. How is it possible for a person with no income to buy four houses? These frauds fuel real estate bubbles and the information supports FINTRAC findings on Chinese money laundering in Canadian real estate. How can the Prime Minister make housing more available and affordable when fraudsters are buying up multiple homes? Why is the government ignoring the damage created by money laundering and mortgage fraud in Canada?
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