Top-selling Sask. realtors faked paperwork to get mortgages approved for clients, police say
A fraud scheme involving fake documents used to qualify for a mortgage has been linked to two former Saskatoon real estate agents.
Kamanashis Deb is facing 17 counts of fraud and Debashis Deb is facing two counts. Royal LePage Varsity recognized the two realtors as top selling agents in September.
Police said the falsified documents were provided to three different Saskatoon banks under the names of their clients.
The documents included letters of employment, pay stubs and T4s.
The mortgage applications would not have been approved without the falsified documents, according to police.
Chris Guérette, CEO of the Saskatchewan Realtors Association (SRA), called the alleged actions “absolutely unacceptable.”
Kamanashis Deb’s SRA membership ended in December and Debashis Deb’s ended this month.
“These are two former realtors. They no longer are members of our association,” Chris Guérette, CEO of the SRA, told CTV News.
“But even despite all that, I think it still, unfortunately, in the public eye paints a negative brush on the entire industry … and I think that's really unfortunate because it's a profession with very high standards.”
Guérette said realtors must renew their licence each year and adhere to a code of ethics.
The investigation began two years ago, after police received a report that falsified banking documents were submitted with several mortgage applications.
Police said eight applications with false documents were discovered at one financial institution.
The other nine charges followed search warrants executed on Palliser Court, McClocklin Road and 8th Street East.
In January, Debashis Deb turned himself in at Saskatoon Police headquarters, where he was arrested.
Two months later, Kamanashis Deb did the same thing.
None of the allegations have been tested in court.
As the investigation unfolds, police say more charges could be laid.
MORE CASES OF FRAUD AMID A SELLERS MARKET
Chirag Mehta, the director of operations at True North Mortgage, said he’s seeing more mortgage fraud attempts.
“On the lender side, we’ve started seeing an influx of those fraudulent files. We were able to catch them and stop them in the very beginning of the process,” Meta told CTV News.
Mehta said he’s heard of realtors selling fraudulent documents, so clients can qualify for a mortgage.
“Some people may even charge a fee to get those documents, and then get paid from the lender as a commission,” he explained.
Mehta said mortgage fraud not only hurts the lender, but the entire real estate market by potentially increasing competition and property prices.
CTVNews.ca Top Stories
Hundreds of American firefighters arrive in Canada to help battle wildfires
Hundreds of American firefighters have recently arrived in Canada to help battle wildfires and more are on the way, Prime Minister Justin Trudeau said Wednesday.
Can face masks help protect you from wildfire smoke? Health expert explains
An official recommendation to wear a mask to protect yourself from wildfire smoke is being echoed by health experts as plumes of smoke make their way across parts of Canada, causing poor air quality.
Here's how major cities in Canada and the U.S. look blanketed by wildfire smoke
Photos show smoke-filled skies in cities across Canada and the U.S. as air quality warnings were issued in wake of the hundreds of wildfires from Quebec and Ontario.
'Very, very hard to breathe': Experts call wildfires a 'major public health concern' for Canada
As forest fires rage across the country, experts are sounding the alarm over the physical and psychological impacts of the wildfires and saying that they pose a serious public health issue, which individuals and governments need to acknowledge and act upon.
WATCH
WATCH | Rate hike 'may be the last straw' for some homeowners: mortgage broker
With the latest hike bringing Canada's key interest rates to levels not seen since 2001, one mortgage broker is warning that it may be 'the last straw' for some homeowners with variable mortgages.
Canadians more likely to support foreign interference inquiry than hearings: Nanos
Canadians are twice as likely to support a formal inquiry into foreign interference, as opposed to public hearings, according to new polling from Nanos Research for CTV News.
opinion
opinion | Eight takeaways from Prince Harry's seven hours on the witness stand
It's been a busy, tumultuous few days for Prince Harry, the Duke of Sussex as he took his place on the witness stand in his trial against the Mirror Group Newspapers. Here are royal commentator Afua Hagan's top takeaways from his two-day grilling.
Calgary mass killer Matthew de Grood seeks 'absolute discharge'
The man who was found not criminally responsible in the stabbing deaths of five people at a house party in Brentwood more than nine years ago is seeking more freedoms.
Trudeau shows no interest in compromising with Meta, Google over online news bill
Prime Minister Justin Trudeau is showing no interest in compromising with Meta and Google over a Liberal bill that would make them pay for Canadian journalism that helps the companies generate revenue.
Regina
-
Future uncertain for residents of bulldozed Regina homeless camp
The dwellings of around a dozen Regina residents experiencing homelessness were bulldozed after calls from the property owner.
-
Less than 50% of Indigenous students graduate from provincial schools, report says
Indigenous graduation rates are sliding in the province, according to Saskatchewan’s provincial auditor.
-
Regina city council asks for debt limit increase
Regina city council has asked its administration to pursue permission from the Saskatchewan Municipal Board (SMB) to increase its debt limit to $780 million.
Winnipeg
-
Trustee suspended over posts targeting LGBTQ2S+ community, division says
A Manitoba school trustee has been suspended over social media posts the division says targeted the LGBTQ2S+ community.
-
Continued closure of Fort Gibraltar causing changes for soon to be married couples
The closure of Fort Gibraltar following the collapse of an elevated walkway that sent 16 students and one teacher to hospital has left some couples scrambling to find a place to get married.
-
Crash with stolen vehicle sends two Winnipeg officers to hospital
A section of Main Street is closed on Wednesday morning following a car crash in the area.
Calgary
-
Council reconsiders decision to reject recommendations on affordability crisis
Calgary city council has reconsidered its decision to vote against recommendations made by an expert panel to address the city’s housing affordability crisis.
-
Man on mobility scooter hit by truck in northeast Calgary intersection
Police say a man on a mobility scooter has life-altering injuries after he was struck by a vehicle in a northeast Calgary intersection on Wednesday evening.
-
Hot, dry weather comes with cautions and a few benefits
Calgary was under a heat warning Wednesday with forecast high of 29C.
Edmonton
-
Albertans asked to conserve electricity Wednesday evening due to hot temperatures
Hot temperatures across Alberta prompted a grid alert Wednesday afternoon.
-
'A long time coming': Edmonton Catholics commit $3.2M to Indigenous reconciliation fund
The Archdiocese of Edmonton will spend $3.2 million on reconciliation initiatives with First Nations, Métis and Inuit people in the Alberta capital region.
-
'Major travel delays': Anthony Henday Drive bridge will be closed this weekend
Drivers are being asked to find another way or prepare for delays on the Henday this weekend, because crews need to close a bridge over the North Saskatchewan River.
Toronto
-
consumer,
consumer, | Toronto woman 'horrified' after losing $95,000 to romance scam
Romance scams have always been around, but they got worse during the pandemic, and fraudsters continue to use social media and dating sites to find victims.
-
Number of Ontario forest fires doubled compared to same time last year
Ontario has already experienced double the number of forest fires this year compared to the same six months in 2022.
-
Alleged Toronto anti-cyclist road rage incident caught on camera
Toronto police are investigating an incident of alleged road rage against a cyclist that was caught on camera.
Ottawa
-
NEW THIS MORNING
NEW THIS MORNING | Year-over-year home sales in Ottawa up 6 per cent in May
The Ottawa Real Estate Board says home sales were up six per cent in May 2023 compared to a year prior, marking the first year-over-year unit sales volume increase since early last year.
-
Special Air Quality Statement
Special Air Quality Statement | Wildfire smoke blankets Ottawa for a third day
Environment Canada has issued a special air quality statement for Ottawa, with the air quality at 10+ "very high risk" Wednesday morning. Conditions improved in the afternoon.
-
Plug-in air purifier blamed for row house fire in Craig Henry area
The Ottawa Fire Service says a plug-in air purifier is to blame for a fire on Craig Henry Drive Tuesday.
Vancouver
-
Out-of-control wildfire on Lower Mainland sees massive growth
A human-caused wildfire on the Lower Mainland has grown to an estimated 800 hectares and continues to burn out of control Wednesday, according to the BC Wildfire Service.
-
'You don't listen to renters': Vancouver Tenants Union disrupts housing announcement
Rental housing advocates interrupted an announcement by B.C.'s housing minister in Vancouver Wednesday morning to object to the provincial government's response to the affordability crisis.
-
Vancouver voice actors concerned about AI cloning voices without consent
Advances in artificial intelligence means software can generate accurate voice clones that sound just like the real thing, but that's putting some actors in a precarious position, including Vancouver's Bill Newton.
Montreal
-
Ontario man charged with first-degree murder in killing of Claudia Iacono outside Montreal salon
An Ontario man has been charged with first-degree murder in the death of Claudia Iacono, the daughter-in-law of Mafia associate Moreno Gallo, after she was gunned down at the wheel of her car in Montreal last month.
-
Woman, 55, dies after vehicle strikes 2 pedestrians in Cote-des-Neiges; second pedestrian seriously injured
A pedestrian has died after she and a fellow pedestrian were both hit by a vehicle Wednesday afternoon in Montreal's Cote-des-Neiges neighbourhood.
-
More evacuations in Quebec as record-breaking fires continue to burn
Quebec's wildfire season, which has forced thousands from their homes and left other communities on high alert, is the worst on record, officials said Wednesday,
Vancouver Island
-
Extended highway closure expected due to wildfire near Port Alberni
There's no end in sight for the closure of Highway 4 on Vancouver Island – the only highway leading to the communities of Port Alberni, Tofino and Ucluelet – due to a wildfire burning in the area.
-
Busload of B.C. students stranded by wildfire spend the night inside Vancouver Island high school
A busload of high school students were finally heading home to Nanaimo on Wednesday after they were stranded by a raging wildfire that forced them to spend the night inside a Port Alberni high school.
-
Speed and alcohol likely factors in fatal Nanaimo crash
A 33-year-old man from Nanaimo is dead after a single-vehicle crash south of the city Tuesday.
Atlantic
-
'This is not helping': Frustrated evacuees say official communication lacking in wildfire recovery
Frustration is building among some people from neighbourhoods hardest-hit by the fires near Halifax. CTV's Heidi Petracek reports.
-
Irving Oil weighing its options, including the possible sale of its assets
Irving Oil says it’s undertaking a “strategic review” with an eye to its future. In a release Wednesday, the company says it’s looking at a number of options, including the sale of its assets.
-
Halifax support workers strike impacting students and families
The father of disabled teen from Fall River, N.S. is calling on all sides to get back to the bargaining table and put an end to the Halifax area CUPE educational support worker strike.
Northern Ontario
-
Wildfire west of Sudbury prompts evacuation order, total active fires in northern Ont. grows to 54
A northern Ontario forest fire that started west of Sudbury on Sunday morning has grown to more than 1,000 hectares and has prompted officials to issue an evacuation order for the immediate area as the number of active fires in the region grows.
-
Spreading wildfires prompt northeastern communities to evacuate
Communities affected by wildfires in the region are evacuating for safety reasons. The province says there is significant danger as several out-of-control wildfires affect air quality and physical safety.
-
‘Incompetent’ northern Ont. doctor loses his license to practise medicine
A northern Ontario doctor has been stripped of his medical licence for conduct described as “disgraceful, dishonourable or unprofessional.”
London
-
VIDEO
VIDEO | 'Hate and discrimination have no place in any TVDSB schools': Investigation underway after pride flag torn down
Students at Sir Frederick Banting Secondary School in London, Ont. are being investigated after a video was posted online showing students tearing down a LGBTQ2S+ pride flag.
-
Special air quality statement remains in effect, rain possible over the weekend
As wildfire smoke blankets Ontario and eastern U.S., causing hazardous air quality and hazy skies, smoke in the Forest City is expected to remain until at least Thursday night.
-
City pitches new parking garage and extended free parking to aid downtown London, Ont.’s recovery
Since early in the COVID-19 pandemic, the Honk Mobile Parking App has offered two hours of free municipal parking in London’s core area business districts.