Sales and prices are down Stats from January of this year paint a difficult picture for GTA real estate. The Toronto Real Estate Board outlined that sales stats fell 22% to just over 4,000 units in January 2018. Unit sales were …

Why Tembo matters now more than ever Higher interest rates, insurance premiums and rising moving costs, new stress tests and tighter bank scrutiny and the extremely low availability of rental units in the GTA make Tembo’s services m …

   Apart from recent increases in interest rates by the Bank of Canada which Tembo predicted in our last blog, a big piece of recent real estate news deals with the rental market in Toronto, which is going through important changes …

Interest Rate Increase Is Imminent Prepare for another increase in interest rates on Jan. 17th, the date of the Bank of Canada’s next monetary policy announcement (decision on rates). It is Tembo’s prediction that the possibility …

New Year’s Blues For Toronto Real Estate And Our 2018 Market Prediction Stress Tests Now Online Jan. 1, 2018 marked the beginning of a much tougher regime of stress tests on first time homebuyers, putting more pressure on them to pr …

The Federal Reserve hikes rates and what that means for Canadian real estate On Wednesday of this week, Federal Reserve Chair Janet Yellen, in her final act in the job, raised the benchmark interest rate from 1% to 1.25%. President Tr …

Bank of Canada holds its ground despite surging economy Yesterday the Bank of Canada held firm and its very recent change in tone and policy by confirming it would hold its benchmark interest rate to 1%. The Bank increased rates twice …

Ontario Election 2018 – What’s in it for real estate? In this blog post, Tembo Financial Inc. will analyze the election platform for the Progressive Conservative Party (PCs) and will outline what the official opposition is proposi …

Is Affordable Housing A Human Right? Prime Minister Justin Trudeau seems to think so, and recently declared that the federal government would make “adequate housing” a right in Canadian law. At the same time, the Prime Minister an …

Labelled as the “lazy and entitled” generation, Millenials have seen their share of criticism. But revel in this – a recent study shows that millennials are better at saving than their parents, the baby boomers. According to …

In a promising sign that the traditionally positive seasonal effects of Fall on the real estate market are once again kicking in, October sales of homes in Toronto rose over 12% from September figures. The increase will be well receiv …

After having been walloped by a combination of new taxes, higher interest rates, tougher financing rules, and a massive glut of housing listings, the Toronto housing market showed positive signs of resilience and recovery by posting a …