3 Mar 2011

Wine cellar sales booming in Canada

There are plenty of storage units that can be rented in the Greater Toronto area, but there's a growing trend among many Canadians to build storage units of their own.

According to the Vancouver Sun, there's been an increase in purchases of wine cellars, as people are plunking down as much as $60,000 to house their collections.

Peter Durst, sales consultant for the Toronto-based Rosehill Wine Cellars, told the paper, "The wine cellar construction boom has continued to grow, especially in Canada. The idea of a wine cellar appeals to many people and has many benefits. It can be a showcase or pure personal storage."

The paper says $60,000 is not the typical price to build such a cellar, as they usually run between $6,000 and $12,000. But that's still a steep price to pay.

Wine is a hot commodity in Canada. According to ISWR, a U.K-based research firm, wine sales nationwide are expected to grow 19 percent by 2014 compared to a worldwide growth rate of 3.2 percent. Further, according to the study, Canadians will consume approximately 14.6 million cases of locally-produced wine in the next four years.

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