Call us to explore your options and to make the best use of your housing equity. Don’t discount the potential of tapping into a second private mortgage with Tembo Financial. The first advantage is speed. We can seal the deal on …

Canadians generally maintain high and healthy credit ratings. The average credit rating in Canada is 672, which most credit bureaus consider to be good. Most Canadians fall within the broad range of 650 to 725. The average score in 20 …

TD Bank just released a Q&A document on the state of the housing market, zeroing in the recent cooling we’ve seen from higher rates. Here’s a summary of its findings for our Tembo readers. The first portion of the repo …

The narrative that the spate of big rate hikes we’ve seen will force central banks to back off on further increases continues to build. An internal CIBC note the Financial Post reported on suggests that we will see a 75 basis po …

So far, inflation in Canada peaked at 8.1% in June, falling to 7.6% in July. Higher inflation is driving more and more Canadians to lean on credit cards, loans, and lines of credit to make ends meet. With higher interest rates comes h …

The cooling market continues to put downward pressure on house prices, particularly outside of the GTA. Housing markets in rural, small town, and exurban Ontario, where the COVID fueled back to the land trend raised values most, are n …

Rates are going up everywhere. We’ve all seen how quickly the panicked Bank of Canada moved to hike the cost of money. In the U.S., the interest rate for a fixed 30 year mortgage is now approaching 6%, where not long ago it was …

The rise in interest rates has reshaped the market. The impact of such rapid and significant hikes has shifted the psychology of many buyers, and has pushed some developers to freeze their building plans. The situation could have evol …

The latest data from ratehub.ca shows that higher interest rates are pushing up mortgage stress test amounts by some $18,000 per borrower or couple. Stress tests are pushing up the costs of borrowing and are forcing many prospective b …

The BOC’s terminology for its 1% interest rate hike calls these big increases “front-loaded.” A massive increase now staves off the need for multiple rate hikes in the future. BOC Governor Macklem has used strong lan …

The Bank of Canada’s July 13th full artillery barrage reverberated across the community and in the international financial markets. Expectations of an inflation number of 8.3% to come, not seen since 1981, prompted the massive m …

We turn now to the U.S. to inform our readers of an emerging narrative suggesting that the traders who correctly predicted that the Fed would go hyper-hawkish on rates are now sensing the potential for rate cuts – due to the eco …