Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How do I protect my down payment from wire fraud when buying in Saskatoon?

Confirm your lawyer's trust account wiring details by phone, using a number you already have on file rather than one from an email, before you send any down payment funds, since a spoofed email with altered banking instructions is the most common way buyers lose a deposit.

Your lawyer, typically $800 to $1,500 for a residential file, holds your deposit in a trust account and closes the purchase through Information Services Corporation, and any last-minute email claiming their banking details changed should be treated as suspicious until you verify it by calling the office directly.

Never wire funds based on instructions received only by email, and be especially cautious around your possession date, when fraudsters know a large transfer is imminent and time their fake instructions to match.

If something feels off, call your lawyer's office using a number from their letterhead or website, not a number provided in the suspicious message itself, before you send anything.

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