On October 1st the Canadian federal government announced that an update of NAFTA had been achieved and that trade negotiations with the U.S. and Mexico had concluded. Caption: Prime Minister Justin Trudeau and Minister of Foreign Affa …

Before 1945 most of the GTA was farmland. Large suburban cities, Mississauga, Vaughan, Maple, Brampton were either small towns, non-existent, or farmland. Toronto was largely relegated to what most now consider the city’s downto …

Numbers reveal a positive August for GTA real estate and welcome figures for an industry that had a relatively cool summer selling season. In Toronto, sales increased by 8.5% and prices were up 4.7% from a year ago. The average price …

Unemployment hasn’t been this low in over 40 years, having now hit 5.8% nationally. Ontario and BC lead Canada, with 5.4% and 5% unemployment respectively. In hard hit Alberta, suffering from a collapse in oil prices, unemployme …

In this week’s blog, Tembo Financial will outline how interest rates are set in Canada and the United States.  Rate setting by the Bank of Canada (BOC) and the Federal Reserve (Fed), most impact Canadian and GTA real estate.  …

Sales had their best month in over 14 years as growth hit 18% from June 2017 figures. Prices rose almost 3%, with the average home now exceeding $800,000. Listings also declined, tightening supply and beginning a trend which will bene …

The Bank of Canada to increased rates at its decision meeting on Wednesday, July 11th. The central bank increased its key rate to 1.5 per cent from 1.25 per cent. The forces that favoured an increase in the cost of money outweighed th …

   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 …

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 …