High prices, bidding wars, and bank scrutiny for mortgage approvals all make buying a home a massive enterprise. Yet another hurdle will soon be added to the mix. The federal government is working on a potential energy-efficiency rati …

MP Pierre Poilievre is the leading (and only) Conservative leadership candidate in the fallout of former Opposition leader Erin O’Toole’s removal. The bilingual Ottawa based MP who served as a junior Minister in the Harper …

55 recommendations were provided to the provincial government on Feb. 8th by the Housing Affordability Task Force. The provincial government convened the body in response to the tripling in average house costs for families over the la …

It’s official: Toronto is now Canada’s most expensive jurisdiction for real estate. A recent RBC real estate report shows that the latest data has Ontario’s capital city as edging Vancouver out in the average price o …

For just over $10 billion, the Chinese have completed the world’s largest airport just south of Beijing that can accommodate almost 200 million passengers a year (Pearson was at 35 million before COVID). The airport was complete …

A recent BOC survey of Canadian business shows that entrepreneurs are worried about supply chain issues, labour shortages, and ability to meet consumer demands – especially if high inflation persists and higher rates kick in. Ov …

Credit card debt in Canada soared to over $90 billion just before the onset of COVID-19, but has fallen to below $74 billion. More and more Canadians are increasing their savings or reducing and eliminating their credit card debts giv …

Given economic and financial realities these days, Banks can be hesitant to provide second mortgages or additional debt to self employed people. For years, Tembo has provided second mortgages to self employed clients who need access t …

What is bridge financing Bridge financing is a short-term lending option that helps homebuyers bridge the gap between their old and new homes when their closing dates aren’t aligned. It is also an excellent short-term solution for …

As home prices continue to rise across Ontario there is no surprise why homeowners are interested in tapping into their equity by means of home equity loans. A home equity loan from Tembo Financial is an easy and flexible way for Onta …

Canada’s economy added a net 153,700 jobs in November, well above analysts’ expectations of 35,000, while the unemployment rate dropped to 6.0 per cent, beating expert estimates of 6.6 per cent and edging closer to the Februar …

The Ministry of Finance has released an updated 5-year inflation mandate for the Bank of Canada – under the auspices of the Deputy PM & Minister of Finance Chrystia Freeland. The inflation target is unchanged at 2%, and econ …