265 Rimrock Road, Suite 208 North York, ON M3J 3C6
9:00 AM – 5:00 PM Monday to Friday

Blog

Our blog

Latest News

Ontario’s economy is still pumping out jobs

August 14, 2024

Despite the impact of higher rates on the real estate and construction sectors, Ontario’s diversified and resilient economy still managed to create 22,000 new jobs in July. The national economy overall lost a few thousand jobs, with …

Read More »

If BOC rate cuts aren’t enough to get you out of a power of sale, call Tembo

August 9, 2024

When the Bank of Canada catastrophically messed up its reading on inflation by surging rates way too quickly, they put the housing market in a difficult position. Now, many Canadians who bought property at the height of COVID when rat …

Read More »

Tembo Financial Announces Promotion of Arlen Ekstein to Vice President of Sales & Marketing

August 1, 2024

Tembo Financial is pleased to announce the promotion of Arlen Ekstein to the position of Vice President of Sales & Marketing. In this new role, Arlen will oversee all sales and marketing activities for Tembo Financial, leading eff …

Read More »

The BOC’s rate cut frenzy begins

July 26, 2024

 On Wednesday, the Bank of Canada reduced its key interest rate to 4.5%, with Governor Tiff Macklem hinting at further reductions if inflation continues to decline. This move was anticipated by many economists following the easing of …

Read More »

Opportunities in an increasingly buyer friendly market

July 10, 2024

With interest rates having peaked, and sales volume declining, more and more prospective homebuyers are beginning to jump into the market. Good deals and reasonably prices are more common in traditionally red hot real estate markets a …

Read More »

Consolidate debts and improve credit scores with Tembo

June 14, 2024

Inflation and higher prices continue to prompt more Canadians to rely heavily on credit cards, loans, and lines of credit to manage their daily expenses. The increased interest rates are escalating debt servicing costs, causing even m …

Read More »

Tembo tips on renovations and moving in a market in flux

June 5, 2024

Thinking about giving your home a facelift with some renovations? It’s a decision many homeowners contemplate, but navigating through the process and ensuring your investment pays off can be daunting. Luckily, Tembo is here with …

Read More »

Tighter mortgage approvals now in place: the details and your options

June 5, 2024

Canada’s financial landscape is undergoing a significant change as the Office of the Superintendent of Financial Institutions (OSFI), the federal banking regulator, announces fresh restrictions on mortgage lending. Coupled with …

Read More »

Budget 24’s capital gains tax changes and their real estate impacts

May 5, 2024

The Federal Government’s recent budget has made waves with its spending, the size of its deficits over the coming years, and its tax changes. Increases to the Capital Gains Tax (CGT) were particularly contentious: Any capital gain r …

Read More »

Deloitte banks on rate cuts to help Canada dodge a recession

April 29, 2024

Deloitte Canada’s recent economic outlook report sheds light on the Canadian economic landscape, painting a nuanced picture of both the challenges we face and potential for new economic growth. Despite persistent headwinds such …

Read More »

Tax and spend federal budget bets heavily on housing

April 29, 2024

Tembo always keeps an eye on how policymakers are responding to housing issues. Politics may not always be the most popular topic, but politicians make the world. Given economic instability and interest rates back at long-term histori …

Read More »

On the cusp of rate cuts

March 31, 2024

A recent Reuters poll of reputable U.S. economists has a majority of them predicting that the Fed will begin cutting rates in June. Those polled believe the central bank is waiting on additional data outlining the state of inflation a …

Read More »

Contact us to experience the Tembo Difference