Despite all of the massive rate hikes unleashed on the economy by the Bank of Canada, the national inflation rate remained unchanged at 6.9% in October; the same level it was in September. If we consider the 7% inflation rate in Augus …

The news is still sinking in and has reverberated across the political spectrum, the real estate community, and the environmental movement: Ontario is proposing to build 50,000 homes in the Greenbelt. The decision is another episode i …

The Bank of Canada has taken the lowest interest and mortgage rates in Canadian history and in a manner of months, sent them skyrocketing at the fastest pace on record. The Bank of Canada completely underestimated and dismissed the ex …

Equifax Canada just released the latest survey numbers on credit card balances, and the picture isn’t rosy. The average credit card balance across Canada is just over $2,100. This may not seem like much, but Canadians generally …

In this blog post, we’re going to go over some of the recurring questions we get from folks who are interested in looking at the benefits and opportunities of a Tembo private second mortgage. 1. What do I need to be approved? Th …

The Bank of Canada surprised many when its Oct. 26th rate hike decision came in with less intensity than the market expected. Instead of a 75 basis point increase, the BOC opted for a slightly more placid 50 basis point increase. The …

On Wednesday, October 26th, the Bank of Canada will make its next interest rate decision. We’re now 8 months into arguably the fastest and most intense rate hiking cycles in the history of Canadian finance. The BOC has taken rat …

Having access to debt is critical in our society, and the way to unlock it is with a healthy credit score. Many young people and university students are inundated with offers of credit cards that they readily accept without fully gras …

Call us to explore your options and to make the best use of your housing equity. Don’t discount the potential of tapping into a second private mortgage with Tembo Financial. The first advantage is speed. We can seal the deal on …

Canadians generally maintain high and healthy credit ratings. The average credit rating in Canada is 672, which most credit bureaus consider to be good. Most Canadians fall within the broad range of 650 to 725. The average score in 20 …

TD Bank just released a Q&A document on the state of the housing market, zeroing in the recent cooling we’ve seen from higher rates. Here’s a summary of its findings for our Tembo readers. The first portion of the repo …

The narrative that the spate of big rate hikes we’ve seen will force central banks to back off on further increases continues to build. An internal CIBC note the Financial Post reported on suggests that we will see a 75 basis po …