The recent changes made to Canada’s mortgage rules is in response to the some of Canada’s heated real estate markets.  As a result, Canada’s home buyers will now face larger down payment requirements for homes over $500 000. Th …

As per our last post on selling your home in the spring, here are some tips for buying a home in the spring: Know exactly what you need and start looking early.  Since it is the spring, buyers have summer on the mind therefore meanin …

Despite the weather we’ve been experiencing in Toronto, spring is just around the corner—only a month away according to the calendar—which is a key time to sell and buy.  Here are some tips for selling your home in the Spring: …

In light of Spring break for universities and colleges coming up next week and March Break for elementary and secondary schools just around the corner, Tembo would like to discuss your home while you’re on vacation.  For many peopl …

As a continuation of our previous article “Deciding Where To Live” many may be wondering what factors are at play when deciding where to start a family.  Wherever you chose to start your family, is typically where you want to sta …

Typically homebuyers chose where they are generally going to live based on family, friends, and careers.  However, more specifically how do people decide where to start their home search?  Some things to consider are the commute you …

As we have said many times, purchasing a home is one of the most important purchases you will ever make.  With it being such a huge investment, it is vital that you know exactly what you are getting.  Knowing the ins and outs of you …

Now that you have saved money and made home ownership a serious goal, you are now well on your way to one of your most exciting purchases.  It is very important to first figure out what you can afford.  Your home should not have a n …

To get a better idea of what you can and can not afford you should ask yourself these questions: What is your annual household income before taxes? What are your debt payments? How much do you have for a down payment? How much time wo …

As stated in one of Tembo’s previous posts, the average national sale price is expected to hit $448,700 this year.  This is an increase of 1.4% year-over-year which is a major decrease from the 8.4% year-over-year Canada experience …

The Canadian Real Estate Association (CREA) recently stated that they expect average national home prices to increase by 1.4% in 2016 to an average cost of $448,700 with Ontario leading the other regions at an increase of 2.9%.  Thou …

The average home price in the Greater Toronto Area (GTA) has increased by 10%. GTA Realtors reported nearly eight thousand residential transactions through the Toronto Real Estate Board (TREB) MLS in August of this year. This is nearl …