A Joanne Lee-Young piece in Postmedia suggests that might be the case. Here is her lede:
The prospective buyers of a $2.46 million Richmond home put down a $120,000 deposit. When they were turned down at three major national banks for financing to complete the deal, an employee at RBC Royal Bank of Canada and a real estate agent at Richmond-based Metro Edge Realty advised them to exaggerate and/or fake assets in China in order to qualify for a mortgage here, according to a notice of civil claim filed in B.C. Supreme Court. None of the allegations in the claim have been proven in court...
The real estate company concerned has denied each and every allegation.
The bank concerned has declined comment.
It will be most interesting to find out what comes out in court.