In a recent assessment of the economic and financial impacts of COVID-19, the Bank of Canada released its estimation that the national economy would decline by just under 8% in 2020, and then rebound in 2021, re-attaining the pre-COVI …

The news is very good. According to the Toronto Regional Real Estate Board, June saw a 12% increase in average selling prices compared to June, 2019. This is very good news considering our stock market was battered a few months ago, t …

Applying for a deposit loan in Ontario can be very simple! Tembo Financial is able to give you the funds you need for a deposit on a new purchase while your home is on the market or already sold.  Applying for a deposit loan requires …

If you are currently in a situation in which your mortgage lender is putting you through power of sale, read this blog to see the easy steps to take to stop your power of sale and sell on your own terms.  At Tembo Financial we are …

FOX Business U.S.A. recently released an interesting article discussing some of the latest COVID-19 inspired housing purchasing and renovation trends in the U.S. Tembo safely assumes that underlying consumption shifts in Canada will m …

Tembo has never seen the big banks offer mortgage rates this low. Ever. Well before the COVID-19 crisis, mortgage debt was at absolute rock bottom historic lows, now we are seeing those rates dip even further down. A quick glance at r …

The federal housing agency released a special edition Housing Market Outlook report on Jun 23rd. The report is real, honest, and raw, it ignores the stability we still see in the market and makes a tough but not at all improbable seri …

Applying for a deposit loan in Ontario can be very simple! Tembo Financial is able to give you the funds you need for a deposit on a new purchase while your home is on the market or already sold. Applying for a deposit loan requires f …

A story in the Toronto Sun caught Tembo’s eye. The topic? The resilience of Toronto real estate against historically unprecedented odds. Brynn Lackie, a Toronto Sun reporter, titled their piece in a June 14th op-ed: “Pande …

Much like we defined a second mortgage in a previous blog post , a third mortgage is one that comes after the first and second charge on a home. Generally, third mortgages are rare, but they are not impossible to get. Tembo Financial …

A mortgage is a large transaction that and a commitment that you must make.  It is important to choose a lender that is right for you!  Here are some tips in choosing the right lender for your lifestyle:  Choose someone you trust:a …

After many months the Ontario government has finally announced that it is getting people back to work and opening more recreational activities  by moving forward with a regional approach to Stage 2 of reopening the province.  In cl …