Bloomberg What’s the cost of having to raise money quickly by selling London real estate? Almost 15 percent based on the sale of two properties on Oxford Street, the UK’s busiest shopping thoroughfare, since Britain voted to leave the European Union. Aberdeen Asset Management Plc’s UK Property Fund accepted a 15 percent price cut to sell a building on ...

  Bloomberg Developers now are making sure they reach a higher level of sales before they begin construction on Toronto condominium projects, contrary to the housing bubble that unfolded in the city in the 1980s, Canada Mortgage & Housing Corp. (CMHC) said. Work began on 79 percent of condo buildings only after developers pre-sold at least 70 percent of the ...

  AP Laura Jordan came home from work one day to find herself locked out. She had missed two mortgage payments, and the company servicing her loan had changed the locks without warning. In a ruling this month, the Washington Supreme Court found that action illegal — a decision that clears the way for a federal class-action case that Jordan ...