Can millennials afford to buy a home? And do they believe they ever will? A recent study conducted by Leger Marketing from real estate firm Royal LePage says yes, if they live in Atlantic Canada. According to the online survey of 1,00 …

The imposition of a foreign buyer tax, stricter and more comprehensive rules and regulations, higher interest rates, and higher taxes has upended the Toronto real estate market. What was once the most dynamic sellers’ market in the …

Strong and sustained real estate activity nationwide, coupled with high consumer spending and a reasonably strong Canadian economy means the latest bank earnings are hitting all time records. Recently released figures show essentially …

There are many decisions to make when beginning your search for a home in the current real estate market. Not only do you have to consider financial aspects such as your budget and mortgage costs, it is also important to consider the …

As Tembo previously reported in its newsletter and past blogs, the Toronto condo market is undergoing a massive upsurge in activity and dynamism. In the last 20 years, Toronto’s real estate sector has enjoyed tremendous growth in ac …

Despite a fall in sales and a slowdown in prices, the fundamentals underpinning the Toronto housing market remain strong. The impact of a recent rate hike and a slew of measures at the provincial level, largely a 15% foreign buyer tax …

How to save on moving costs Purchasing a new home in the current housing market already takes quite a toll on your finances. Considering all that is involved in moving from one place to the next, these costs can add up quickly. Howeve …

Tembo Financial offers equity advances so you can receive the proceeds of your sale before your closing date. This service helps homeowners purchase a new home faster, assist with moving costs, or even help pay for a vacation or new c …

Several forces have recently emerged to re-shape what was the most dynamic seller’s market in the history of southern Ontario. The first was the arrival of the summer season and a vast torrent of new government rules, initiatives, i …

On July 12th, the Bank of Canada confirmed what many had suspected for weeks; a 25 basis point increase in interest rates was confirmed, pulling the rate up to 0.75%. Weeks of pro-hike language and hinting gave the market plenty of ti …

According to the Globe and Mail, housing sales in the Greater Toronto Area plummeted by 50 per cent for the first two weeks of June compared to the same period last year. It has been difficult for students and recent graduates to find …

In a previous blog post, Tembo outlined current real estate trends which are benefitting buyers and shifting the market into a more balanced position. Whereas previously very high prices and price growth, massive demand, and low inven …