Following in the footsteps of UK’s Zopa and the U.S.’s Proper, Canada’s own CommunityLend is set to launch some time in Fall 2007. If you check out prosper.com for example, you can get some handsome rates of return if you’re willing to lend someone a bit of money. Even lending to someone with an AA credit rating can net you 12.5% return. I would expect that both lender and borrower gain some advantage here as they avoid the spreads from the middle-man (the banks). Instead the middle-man is a website that probably charges some low rate fee in addition to collecting revenue from advertising.