We are experiencing higher than normal call volumes which is affecting our wait times. If you would prefer, please send us an email inquiry to service@oaken.com.

We are experiencing higher than normal call volumes which is affecting our wait times. If you would prefer, please send us an email inquiry to service@oaken.com.

Help save Zhelevo


Oaken Financial

November 26, 2020
Oaken Update

At Oaken, we’re not embarrassed to be thought of as “tree-huggers”. You can see it in our name and our logo. Trees, and oak trees in particular, represent strength and stability and these are key attributes you can find at Oaken.

In recent months there is one particular Red Oak tree in Toronto’s west end that has been in the news. Known by the locals as Zhelevo , it is named after a tree in a Macedonian folk tale. Our Zhelevo is estimated to be 300 years old and is one of the oldest trees in the region.

And while Zhelevo may not exactly be a spring chicken, it is not uncommon for Red Oaks to live for 450 years or more. Nevertheless, time could soon be running out for this magnificent tree.

Saving Zhelevo for future generations

Even though the tree could well live another hundred years or more, the privately-owned house where Zhelevo is located is currently for sale and the concern is that new owners could have the tree removed. That’s because the tree’s massive limbs have completely spread over the house and it was recently discovered that the roots are causing damage to the home’s foundation.

To protect the tree and preserve it for future generations, the City of Toronto has agreed to purchase the property. The plan is to remove the house and turn the entire property into a public space. The catch is that the City must first fundraise $430,000, and that amount must be raised by December 12, 2020.

How you can help

Unfortunately, the goal is still about $200,000 short of the target and with only weeks to go, we’re here to spread the news about this worthy goal. In addition to a financial contribution to the fund, Oaken is actively promoting the campaign on our social media and in our newsletter.

If you’d like to learn more about the efforts to save Zhelevo or even donate to the fund, please see the City of Toronto website.

Oaken’s Minutes2Money contest update

Have you been playing Oaken’s Minutes2Money contest? And if not, then why not? You could win a share of $4,500 in total prizes including a $2,000 GIC for our first prize winner. To learn more head on over to the Oaken Minutes2Money website to register and get playing today. But you’d better hurry as the contest ends December 17, 2020!

For those that have been playing, the following secret codes have been revealed so far. Be sure to use these codes to increase the number of entries you can earn and increase your odds of winning.

• PersonalFinance
• Oaken


Oaken celebrates 7 years

November marks Oaken’s 7-year anniversary and we owe it all to you! Thank you for your support and we look forward to continuing to help you plant for your future for many more years!

These 5 apps can help you save money

There are a lot of apps out there that claim they can help you save money. To help you get a better understanding of how these apps work and which ones might be best suited for you, personal finance expert Barry Choi discusses some of his favourites.
Read more here.

Creating a budget that works for you

All personal budgets are not equal. Here’s how to develop a budget that is realistic and based on your needs.
Read more here.


Legal Terms & Conditions

The information, materials and opinions contained in this Blog are provided for your information only. This Blog does not constitute legal, financial or other professional advice and you should not rely on it as an alternative to specific advice based on your particular circumstance.

This blog contains links to third party websites. These links are provided for information and convenience; Oaken does not endorse the content of any third party website, and it makes no representation or warranty as to the information on such third party sites. By clicking on any link to a third party site, you leave Oaken’s website and do so at your own risk.

Oaken disclaims all liability for any damage or loss that results from your access to or reliance on information contained in this Blog or any third party site.


Oaken Financial - Author bio