In a past blog post we touched on the topic of Loan to Value. Loan to value is the amount of money that you owe on your property, divided by the amount that your home is worth. There are many ways to determine the value of a property. …

Tembo would like to share some quotes from key stakeholders in the financial, real estate, and banking sector on the medium term to longer term impacts of COVID-19 on the real estate and rental markets. These quotes were pulled from a …

In April, 16.6K seasonally adjusted sales were completed across the country according to the Canadian Real Estate Association (CREA). The last time we saw sales fall to these kinds of low levels was December 2008 – in the immedi …

Private lenders are able to lend you money just like the regular banks would, however, the criteria and way that they lend will be different.  Rather than having a set rule for criteria, private lenders are generally more flexible ab …

During this hectic time in our lives, it’s important to take a second to your self and relax. Living with others for a long period of time may be difficult for some, and being alone for an extended period can also be hard on peo …

During this time while everyone is at home and meetings have become virtual, we have noticed a few steps to take in order to ensure that you are prepared for your virtual meetings!  Clean the area which is in the view of the webcam. …

Preparing your home for an open house is extremely important. It shows potential buyers what they can do with the space upon move in. In today’s day, with all tours being virtual, there are some key points to note while listing your …

During stressful times it is easy to fall behind on bill payments. With many jobs laying their employees off, and the uncertainty that we are living in, it is easy to put off paying your bills. Falling behind on bill payments will imp …

How to apply for the Canada Emergency Wage Subsidy (CEWS) If you own a business and employ workers that has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 12 weeks, retroactive from Ma …

The province of Ontario has unveiled basic principles and conditions to the public which will be used to guide the incremental re-opening of the Ontario economy and society as we have effectively reached and will soon pass over the pe …

During the rapidly growing pandemic, it is important to see what we can do to help the community that we live in. Support Small Businesses: Small business owners are currently suffering. Show your support by donating to their busines …

Housing in the GTA and southern Ontario is holding steady despite all of the pressure that the outbreak of COVID-19 is unleashing on our society. Hundreds of thousands of Canadians have taken advantage of the mortgage deferral program …