How Quebec residents can protect themselves against online fraud
Technological advances in online shopping have changed our lives and made everyday tasks more convenient. Unfortunately, this progress has also given rise to some potential issues that can make us and our private information very vulnerable, including when it comes to renting real estate. Consumer deception is becoming increasingly sophisticated and more common.
Short-term rentals can be an attractive target for scammers trying to make some quick cash. For example, scammers can post fake rental housing ads using pictures of existing properties on real estate sites and deceive consumers into paying deposits to view the property.
Here are some steps you can take to avoid being scammed in a short-term rental transaction:
1. Any short-term rental listing must be accompanied by a number from the Corporation de l’industrie touristique du Québec (CITQ). To check a CITQ number, go to bonjourquebec.com and enter the number in the search bar.
2. Ensure that the rental listing you’re looking at has a general sales policy, which can be used as a sign of the landlord’s reliability.
3. Search for the property on other websites, and read other users’ comments on specific listings and hosts. Google and Facebook reviews can help you to carry out some basic background checks.
4. Consult a licensed real estate professional if you’re unsure about the leasing process or if anything seems amiss.
5. By searching for the listing address in a search engine, you can find out if the property is for sale or rent on real estate websites and, if necessary, contact the real estate broker responsible for the listing to verify the validity of the ad.
6. Check to see if the listed landlord is actually the true owner of the property by doing a land registry search.
7. Use a reputable rental site to search for listings and conduct inquiries.
8. Make any rental deposits or payments on a secure site, and pay by credit card or PayPal to ensure that you can easily trace the payment and have recourse in case of fraud. Don’t pay the full amount for the rental property before the agreed upon stay.
Bank of Canada drops overnight lending rate to 2.5% as economy shows signs of slowing
2025, september 19
Trade tensions with the United States weigh on economic growth, prompting rate cut Today, the Bank of Canada announced that it has cut the overnight lending rate by 25 basis points to 2.5%. This marks the first rate cut since March. With softness taking hold in the labour market and trade tensions with the US
Whether you’re heading on a quick weekend getaway or planning a cross-country trip, leaving your home unattended can come with its risks. From break-ins and burst pipes to power outages and package thefts, unexpected issues can arise when no one’s around to keep an eye on things. The good news? With a few simple precautions,
Understanding the Bank of Canada’s overnight lending rate: What it...
2025, august 08
Interest rates can shape the financial lives of Canadians in powerful ways. Whether it’s the monthly cost of a mortgage or the return on a savings account, most interest rates can be traced back to one key figure: the Bank of Canada’s overnight lending rate. In recent years, this benchmark has moved beyond financial circles
To deliver the best experiences, we use technologies such as cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Failure to consent or withdrawal of consent may adversely affect certain features and functions.
Functional
Always active
Storage or technical access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Préférences
Le stockage ou l’accès technique est nécessaire dans la finalité d’intérêt légitime de stocker des préférences qui ne sont pas demandées par l’abonné ou l’utilisateur.
Statistics
Le stockage ou l’accès technique qui est utilisé exclusivement à des fins statistiques.Storage or technical access that is used exclusively for statistical purposes.
Marketing
Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user on a website or on several websites with similar marketing purposes.