Toronto area mall project will be part-crowdfunded

Crowdfunding has become a popular way to finance all kinds of businesses and projects -- and now it has reached Canadian real estate.

The Financial Post reports that a shopping mall in Mississauga will be partly financed through crowdfunding. Its one of the first projects of its kind to raise funds this way.

The funding platform NexusCrowd says it’s the first in Canada to directly link with institutions at the development stage and is now allowing investors to put a minimum of $10,000 into the project. 

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