Advertisement

Real estate brokers suspended for using bogus bids to drive up Quebec home prices

Click to play video: 'Home buying optimism high among young Canadians according to Royal LePage survey'
Home buying optimism high among young Canadians according to Royal LePage survey
RELATED - Young adults have not given up on home ownership, according to the Royal LePage survey ‘2024 Demographic Survey: Next Generation of Buyers'. Global News Morning speaks with Adil Dinani of the Dinani Group of Real Estate Advisors about what's driving home buying optimism among the next generation of buyers. – Aug 22, 2024

Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.

Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.

She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.

The two brokers were suspended in May 2023 after La Presse published an article about their practices.

One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.

Advertisement

Sponsored content

AdChoices