A recent report indicates wages in Ontario are not keeping up with the rate of inflation, leaving residents with less money to spend.
The Canadian Press reports wages in Ontario were up just 0.1 percent in March, according to the latest report by Statistics Canada. Meanwhile, the inflation rate was 1.9 percent across the country, meaning Ontarian salaries are not matching the increased cost of living.
Other provinces didn't have this problem, and saw wage gains that actually outpaced the rate of inflation considerably. Saskatchewan, Newfoundland and Alberta wages rose by 5.9 percent, 4.7 percent and 3.8 percent, respectively.
Ontarians with less money to spend may be considering moving into a smaller apartment in order to save on rent. One way to do this effectively is to rent a self storage unit on the side in order to hold some of their items. This can allow them to target smaller apartments while still holding on to all of their possessions. Fortunately, there are affordable Toronto self storage rates available for those who look into them.
Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.