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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 …

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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 …

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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 …

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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 …

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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 …

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The Fed goes dovish

March 31, 2024

In recent days, stocks and the financial world have been abuzz with discussions surrounding recent announcements made by the Federal Reserve, particularly regarding inflation, interest rates, and economic growth projections. As a priv …

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Real estate market outlook for the year

March 6, 2024

The Ontario housing market encountered unprecedented challenges in 2023, reminiscent of trends not seen since the 1990s. As we continue through a topsy-turvy year, the real estate scene in Toronto continues to be marked by a nuanced i …

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Stop Power of Sale and Defaults with a Tembo mortgage!

January 18, 2024

We at Tembo want to introduce a brand-new proprietary term for the vast world of real estate: “stigma equity.” Our President and CEO Arryn Greenspan’s extensive experience helping clients led him to coin the term, based …

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Will rates fall in 2024?

January 12, 2024

The end of 2023 saw the Bank of Canada maintaining its benchmark interest rate in the last three decisions, prompting a significant shift in market discussions from potential rate hikes to the anticipation of rate cuts. Tembo is notin …

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High Mortgage spending is Slowing Canada’s Economy Down

December 21, 2023

Canadians are spending 8.1% of their disposable income on mortgage payments, whereas U.S. consumers are allocating roughly 4% for theirs. This difference in consumer spending In the realm of Canadian economics, the dynamics of mortgag …

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The recession we’ve been waiting for is here

November 14, 2023

The Canadian economy is facing some challenges, and recent data from Statistics Canada suggests that we might be entering a technical recession. We’ve been writing about the possibility of this for years – literally. Tembo’s pos …

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Consider a private 1st private mortgage or a credit consolidation loan with Tembo

November 14, 2023

Tembo Financial has long been the trusted name for countless clients throughout Ontario, specializing in second and third private mortgages. Over the years, we’ve been able to provide our a clients with their 2nd and 3rd mortgag …

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