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London, Ont., nearly completed development placed in receivership

Work has ceased on Applewood Marketplace, a residential and commercial development in London, Ontario.Lindsay Lauckner Gundlock A nearly complete mixed-use residential rental and retail project has gone into receivership in London, Ont., as its lender alleges construction delays blew an initial construction budget of $18 million and that dozens of entrepreneurs are claiming millions for …

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The best mortgage strategies in a rising interest rate environment

With rates rising, buyers and homeowners need to carefully consider what their best mortgage options might be.valentinrussanov Eitan Pinsky and his wife were still settling into their newly purchased $4 million home when the Bank of Canada raised its benchmark interest rate by one percentage point to 2.5% at the mid-July. For the Vancouver couple …

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