11 Jun 2013

Housing starts rise in Toronto

The latest repot from the Canada Mortgage and Housing Corporation showed that housing starts in the Toronto metropolitan area came in at 34,386 in May, up from 33,777 in April. 

The increase bodes well for the housing market as a whole, specifically buyers looking for a new home. Those considering a home move in the Toronto area should look into how self storage can help streamline the moving process. Units are available to make a home move easy and stress-free. 

Experts attributed these increase to the resilient condominium sector, as condo construction starts were up 22 percent in May on a month-over-month comparison. 

"With the condo apartment construction market opening the year on a softer note, the backlog of condo units sold for the most part in 2011, but not started, resulted in stronger numbers in May," Ted Tsiakopoulos, Ontario regional economist for CMHC, told the Toronto Star.

As for Canada as a whole, home starts hit 200,000 in May, up from nearly 176,000 in April. 

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.

Be Sociable, Share!

Related Articles [3]

4 Tips For Fireproof Document Storage

March 3rd, 2017
We all have valuables that we would be devastated to lose in a fire. Some of them are keepsakes, some of them are worth a lot of money and some of them are important legal...

Why It's Important To Get Your Winter Tires

December 20th, 2016
As soon as temperatures drop below seven degrees Celsius, it's time to swap out your all-weather, or your summer, or whatever tires you have on your car and opt for winter...

2 Tips For Choosing The Right Packing Supplies

February 12th, 2016
Having a pre-prepared list of all of the packing supplies you will need to move your belongings into a storage unit or a new home will make the move much less stressful. For...

Leave a Comment

Recent Posts

Blog Categories


Subscribe to RSS Feeds
Essential SSL