A new report by the Canadian Real Estate Association shows real estate markets in Toronto and Calgary are booming, while other cities and parts of the country may be starting to cool off.
Most point to Canada's current real estate market as one of the hottest in the world, but the current boom is being driven by several high-profile cities. Overall, home sales in Canada were up 11.5 percent in April compared to a year earlier, reports Reuters. However, several cities were more responsible for this rise than others.
Toronto continues to be the most consistent city in terms of high sales, with a 14.5 percent increase in April, beating the national average. Yet it was Calgary that saw the biggest surge in growth compared to the previous year, with a 30.3 percent uptick.
Meanwhile, the real estate market has cooled off in Vancouver, which was previously enjoying rapid gains. Sales fell 13.2 percent in April, and prices were down nearly 10 percent as well.
Those moving to Toronto or any other city may want to look into self storage facilities to help them get settled. Renting a storage unit at an affordable self storage facility in Toronto can be a great way for new homeowners to store their items, rather than moving everything in on one hectic day.
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 prizes.
