The Ontario housing market encountered unprecedented challenges in 2023, reminiscent of trends not seen since the 1990s. As we continue through a topsy-turvy year, the real estate scene in Toronto continues to be marked by a nuanced i …

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 …

Despite rates going up, inflation remaining high, and prices surging, the real estate market in Toronto and much of the GTA is still rock solid. While sales and listings are starting to fall, prices are still going up in the city. A r …

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 …

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 …

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 …

Two interesting and conflicting headlines on inflation and rate hikes came out recently. One suggests that the BOC will wait on rate hikes until later than expected to stimulate recovery, while another says that the BOC will hike ear …

Overall, we’re holding fast. August saw 90,000 jobs created across the country (when lockdowns are lifted, jobs come back, when they’re imposed – we lose employment). Our unemployment rate is at the overall historic …

Inflation took up a lot of the statement, as was expected. Let’s summarize what the BOC said. First, they acknowledged that the inflation rate exceeds their band. It’s not at a level they’re comfortable with. They th …

In this blog, Tembo will dig into the BOC’s latest major statement to the media and the public from mid July, to try to understand the Bank’s analysis of the macro-economic situation Canada finds itself in. What the Bank d …

The latest Canadian inflation figures are out and are the highest in a decade at 3.4%. Similar data release in the U.S. shows inflation rising above 4%. The increase in April set a new pandemic-era high for the third time in as many …