In today’s Canadian real estate market, keeping people’s identities safe and speeding up transactions are top priorities. A new tool making waves is called Interac Verified. It brings together trusted data sources and official documents, making identity checks smoother and more reliable for everyone involved.
Buying or selling a home, renting, or guiding multiple deals every year all demand solid security. Traditional methods—like sending copies of IDs or asking clients to show documents in person—can drag things out and let mistakes creep in. Interac Verified changes that by offering an online, secure way to confirm who you are, cutting delays and reducing human error.
This service allows Canadians to create a reusable digital credential using their bank login (at a participating institution), a government-issued ID, and a biometric photo. Once set up, this credential can be shared securely with whoever needs it. That means no more repeatedly sending sensitive documents back and forth.
The credential stays valid for up to a year and only shares the information that’s needed—like proving someone is over 19 without revealing their exact birthdate. It’s encrypted, stored on your device, and shared only with your permission. That helps reduce fraud and keeps personal data more private.
FCT, a major Canadian firm that offers title and real estate services, has teamed up with Interac to embed this credential into its digital real estate tools. That means agents, lenders, lawyers, and buyers can all use one trusted system to verify identity throughout a sale, refinance, or rental process. It’s a big step forward for faster and more secure transactions.
With fraud on the rise and rules around identity growing stricter—such as FINTRAC, KYC, and anti‑money‑laundering regulations—tools like Interac Verified are no longer optional. They help everyone in the real estate process stay compliant, build trust, and keep things moving without unnecessary hold‑ups. In short, it’s a must‑have tool for anyone buying, selling, renting, or managing real estate in 2025.