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Subprime goes to the Toronto condo market. By Stephen Punwasi, Better Dwelling: A few weeks ago, a real estate agent told me about his client. Relatively wealthy older dude, closed on not one but two townhouses he plans on flipping. After some questions regarding who financed such a deal, he explains it was a private lender.
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Do you agree? Why or why not? If government officials did not enforce regulation that was already on the books, do you think the new regulations being proposed in Washington will help prevent further.