24 Jul 2012

Study: Different stages of life control where and how Toronto residents live

Attitudes on living are changing in the Greater Toronto Area as residents are entering different stages of their life. According to a joint study conducted by the Royal Bank of Canada and Pembina Institute, 81 percent of respondents said they would give up a larger home for better access to transit and less time spent driving.

Purchasing a small home could force Toronto residents to need to find a place for some of their belongings. By investing in affordable self storage in Toronto, families will know the things they can't fit in their houses are in secure storage.

"Location and life stage matters when deciding the type of home you live in and where you live," said Claude DeMone, director of client strategy for home-equity financing for RBC. "Affordability remains a key consideration for many homebuyers but this extends beyond just the purchase price, as a better location can help cut commuting costs, reduce home servicing expenses and save on your household budget."

The survey also found 70 percent of respondents age 60 or older would rather live in walkable or compact neighborhoods than suburbs that are spread out.

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.

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