The Financial Consumer Agency of Canada explains that a budget is a plan that helps you manage your money and avoid getting into financial trouble. Budgeting is a key tool in financial stability because it creates boundaries, isolates …

In our last post we discussed how condominium living is the only option for those who have a home budget of less than $500,000.  With the average Toronto condo costing over $415,000 this is the only option for first-time homebuyers. …

Condos are now the only affordable option for the average first-time homebuyers in Toronto.  According to a recent survey by Re/Max, those planning to buy their first home in the Greater Toronto Area expect to spend $455,000 on avera …

You’re considering renovating your home but are concerned whether or not your investment will pay off when you sell.  Though you can never be sure exactly how much of your investment you will get back, kitchens and bathrooms remain …

Moving can be stressful and expensive but Tembo Financial is here to help.  Moving expenses can be a nightmare especially after you have just taken on a new financial responsibility.  It is vital that you choose a reputable moving c …

According to a recent analysis by CIBC, only 2.2% of mortgages are given out by alternative institutions other than banks and credit unions.  However, that statistic is up from recent years and continues to grow as more and more Cana …

Tembo Financial has been featured in a blog! Bruce M. Firestone, PhD, recently discussed Tembo’s unique and innovative financing service on his blog: Prof Bruce. After viewing Tembo Financial’s newly released commercial, (Click he …

The search for your new home purchase is not always easy. Some people find themselves searching for months until they’ve found the perfect community to suit them in the next step of their lives. Evidently, a new home purchase is a h …

There are many financing options to consider when renovating your home. Whether you are renovating to save energy, improve safety, build an additional room, increase the resale value, or just for a change of scenery – Tembo Financia …

According to an article from The Globe and Mail, Canada’s mortgage debt has more than doubled in the past decade, to nearly $1.3-trillion even though South of the border, the U.S. economy is looking up. Unemployment is down, wages a …

Most people get overwhelmed when thinking about financial planning and security. Since it can be a quite complex situation, people tend to avoid it but it is only a matter of establishing a foundation and building up from there. Here …

Canadians are increasingly spending more money to update their houses over purchasing new ones. The Financial Post notes that renovation spending reached $68 billion in 2014 with expectations of growth at 3 per cent annually in 2015 a …