News of the day: Sewer problems backup housing starts, vendor take-back mortgages, economic growth opportunity, stock sell temptations, declined loan and more

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Crews with Henry Heyink Construction work May 20, 2025 on a $2-million sewer separation project at College Avenue North and Essex Street in Sarnia.Federal and provincial governments continue to promise hundreds of thousands of new homes, but those homes require roads, pipes, pumping stations and treatment facilities long before anyone can move in. Photo by Tyler Kula/Postmedia

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It’s Thursday, June 25. Here are the top stories we’re following today.

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Housing developer Tom Jarvis has spent more than five years trying to break ground on a 900-home development in Springwater Township, north of Barrie, Ont. The project survived planning hurdles and rezoning battles, but its biggest obstacle wasn’t local opposition or weak demand; it was a lack of municipal sewer capacity.

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 A man hand put us dollar money bag into scales on table with green nature as background. Savings, investment, loan for plan in the future. Vendor take back mortgages are not the norm, but are an alternative in a slow housing market where financing can be hard to come by. Photo by Indysystem/Getty Images

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In a housing market where many buyers continue to sit on the sidelines, can home owners take a page out of the commercial property playbook to get deals over the line?

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A Deloitte logo is pictured on a sign outside the company's offices in London on September 25, 2017. Deloitte’s recent report notes that while the Canadian economy is stagnating, it’s not contracting. Photo by DANIEL LEAL-OLIVAS/AFP/Getty Images

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As U.S. trade frictions continue to be the top risk to Canada’s economy, a new report from Deloitte Canada says the “real opportunity” for growth lies in a combination of government investment and boosting businesses’ confidence to get capital flowing.

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Traders work on the floor of the New York Stock Exchange during afternoon trading in New York City. Traders work on the floor of the New York Stock Exchange during afternoon trading in New York City. Photo by Michael M. Santiago/Getty Images files

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From locking in gains to a price plummet there are lots of good reasons to sell, writes Peter Hodson. But is it always wise?

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report credit score banking borrowing application risk form document loan business market concept - stock image A higher score is worth having, but pairing it with a healthy debt load and stable income is what helps get applications approved. Photo by Scyther5/Getty Images

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A score is only one of several things a lender weighs when reviewing an application. Here’s how to improve your chances.

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