A recent BOC survey of Canadian business shows that entrepreneurs are worried about supply chain issues, labour shortages, and ability to meet consumer demands – especially if high inflation persists and higher rates kick in. Ov …

Credit card debt in Canada soared to over $90 billion just before the onset of COVID-19, but has fallen to below $74 billion. More and more Canadians are increasing their savings or reducing and eliminating their credit card debts giv …

Given economic and financial realities these days, Banks can be hesitant to provide second mortgages or additional debt to self employed people. For years, Tembo has provided second mortgages to self employed clients who need access t …

What is bridge financing Bridge financing is a short-term lending option that helps homebuyers bridge the gap between their old and new homes when their closing dates aren’t aligned. It is also an excellent short-term solution for …

As home prices continue to rise across Ontario there is no surprise why homeowners are interested in tapping into their equity by means of home equity loans. A home equity loan from Tembo Financial is an easy and flexible way for Onta …

Canada’s economy added a net 153,700 jobs in November, well above analysts’ expectations of 35,000, while the unemployment rate dropped to 6.0 per cent, beating expert estimates of 6.6 per cent and edging closer to the Februar …

The Ministry of Finance has released an updated 5-year inflation mandate for the Bank of Canada – under the auspices of the Deputy PM & Minister of Finance Chrystia Freeland. The inflation target is unchanged at 2%, and econ …

Many Ontario homeowners are juggling multiple credit card and loan payments. With home prices and the costs of goods steadily increasing, it appears that household debt will continue to rise. A debt consolidation loan with Tembo Finan …

As a private mortgage lender in Ontario, there are a number of reasons why clients seek private mortgages. Many Ontario homeowners have accumulated equity in their homes and they look for solutions to tap into this equity. An easy sol …

It’s hard to say, but it’s the truth. BOC Governor Macklem’s refusal to raise rates until the Spring of 2022 is simply an admission that the BOC is trapped. If it raises rates, our economy will face more strain and m …

Given the BOC’s recent signals that QE is over and that rates will be going up earlier than previously expected, the media narrative is showing signs of change. We’re now seeing more and more articles talking about a marke …

Two interesting and conflicting headlines on inflation and rate hikes came out recently. One suggests that the BOC will wait on rate hikes until later than expected to stimulate recovery, while another says that the BOC will hike ear …