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 …

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 …

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 …

 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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …