At an international crime conference this week, law-enforcement experts and investigators gathered and announced Canada is becoming a global trendsetter in mortgage fraud.

They stateed that even though credit card and mass marketing fraud are still “a huge concern” for Canadians, consumers need to pay particular attention to the rapidly rising potential for real estate-oriented fraud cases, said crime and risk management expert Chris Mathers. “(Mortgage fraud) is an absolute epidemic, a huge problem in the developed countries, especially here in Canada,” said Mathers, who is taking part in the International Fraud Investigators Conference in Toronto. “And I don’t see it changing anytime soon.”

The conference, which hosts police officers, detectives, consumer specialists and consultants from around the world, will spend the next four days addressing the world’s most pressing fraud issues and exploring ways to tackle them.

Identity fraud is the main issue when it comes to mortgage fraud and all Canadians need to be aware when they are purchasing their home and when dealing with mail. Make sure you destroy all those credit card mails and other mass mails as these can get you into trouble.

Speak with Sue Pimento a Mortgage Broker in Ontario for your Toronto Real Estate Mortgage.