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Apr 01, 2017

The investors who bet on a real estate boom – and lost

Canada’s booming property market has spawned a cottage industry of small lenders that operate on the fringes of the mortgage business, providing money to home buyers and developers who can’t borrow from traditional sources. But some of these lenders are raising funds by promising individual investors a safe, reliable path to real-estate income – when the reality is a high level of risk. http://www.theglobeandmail.com/report-on-business/mortgage-investment-corporation-canada-real-estate/article34526694/