"Fake Chinese income" mortgages fuel Toronto Real Estate Bubble: HSBC Bank Leaks
PHOTO ILLUSTRATION: THE BUREAU INVESTIGATES TORONTO METHOD MORTGAGE LEAKS.The whistleblower, a Canadian business school graduate, was staggered by the suspicious home loans he discovered in 2022 when he joined a mortgage approval team in a small HSBC branch on the outskirts of Toronto. He knew of suspicions surrounding Chinese capital in British Columbia real estate, but had never witnessed shady lending while working at an HSBC branch in Campbell River, a bucolic town on the coast of Vancouver ...
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