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A Friday morning report from the city's auditor general says false claims linked to a TTC fraud scandal now total more than $500M. More than five per cent of all TTC employees a€” some 600 people a€” are embroiled in an ongoing fraud scandal, the citya€™s auditor general says. An annual report from auditor general Beverly Romeo-Beehler released Friday morning reveals for the first time the large scale of the investigation that was announced last year, now saying the false claims totalled more than $5.1 million. Toronto police announced the alleged fraud last year after it was uncovered through the TTCa€™s integrity hotline. Police said the alleged scheme involved employees at local orthotics store Healthy Fit providing receipts for services that were never received or inflating costs for insurance claims submitted by TTC employees to the transit servicea€™s insurance provider, Manulife Financial.

Ross said the TTC a€?will recover stolen moneya€? from the employee, Healthy Fit or Manulife. In total, the auditor generala€™s office received 575 complaints in 2015, representing 800 different allegations, the annual report says. Not including the single $5.1 million in the TTC case, actual losses totalled $286,000 and another $77,000 in potential losses.
British Columbia is introducing a new tax aimed at curbing foreign buyers from entering the Metro Vancouver real estate market. Finance Minister Mike de Jong, who flanked Clark at the news conference, said recent housing data helped persuade the government to impose the 15-per-cent tax on property transfers.

Last month, the Real Estate Board of Greater Vancouver said its benchmark price for detached properties in Vancouver had risen above $1.5 million. The president of the Greater Vancouver real estate board, meanwhile, accused the government of acting too quickly. When the auditor generala€™s office conducted its own investigation, it found the complaints were actually legitimate.

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