25 Jul 2012

RBC: Condos benefiting from booming market

Condominiums are becoming a more popular housing option in Canada, according to recent research from the Royal Bank of Canada, and the increased interest in condos in Toronto does not necessarily mean prices for the housing option will keep growing.

The booming condo market in Toronto can mean many things, one of which, is that people will be soon moving to condos in the city. With more couples, individuals and families moving, there will be an increased need for portable storage containers in Toronto.

Although the condo market is strong, economist Robert Hogue noted in the report that the market will begin to cool because the prices for single family homes are beginning to fall, with fewer condos being built in the coming months. 

“The historic condominium apartment boom in the Toronto-area market is not necessarily a sign of excess or of a bubble,” according to the report. “While it may not be due to a bubble bursting, nonetheless, we expect that buyer demand for condos will cool going forward.”

Currently, interest in condos is believed to be at its peak, according to the report, as increasing interest rates and tighter mortgage insurance bringing down demand.

Jiffy Self Storage, a leader in Toronto storage solutions, is currently running a contest on their website for a free iPad 3. Visitors to the site simply need to match a few Canadian landmarks and they'll be entered to win the iPad or one of several other prize

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Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

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