Rental scams becoming increasingly complex and costly as demand for housing reaches a fever pitch
The time is now for Canada’s rental industry to take decisive action to safeguard renters against increasingly hard-to-detect scams.
- The time is now for Canada’s rental industry to take decisive action to safeguard renters against increasingly hard-to-detect scams.
- Awareness of the threat of rental scams has spread far beyond the rental industry as increasingly complex scams make headlines across the country.
- For 2022, the Better Business Bureau ranked rental scams as the #7 riskiest scam in Canada , the first time rental scams have made the top 10 list, with 4 out of 10 Canadians who are exposed to rental scams losing money.
- Canadian renters are becoming increasingly aware of this dire situation as rental scams become nearly unavoidable in the current market.