11 May 2012

Canadian housing prices continue to rise

Prices on Canadian real estate continue to rise, as the most recent report from Statistics Canada shows an overall jump of 0.3 percent in the month of March.

For the twelfth-straight month, prices for Canadian housing rose. The 0.3 percent increase was ahead of a 0.2 percent jump expected by analysts, according to Reuters. The figure was also a full 2.6 percent higher than March of 2011, outpacing a 2.3 percent year-on-year gain in February.

Some cities saw a bigger price increase than others. The city of Toronto is widely acknowledged as the hot real estate market of the moment, and the numbers back that up, as the city rose 0.6 percent in price for the month. Several other cities cooled off – namely the British Columbia city of Victoria, where prices dropped 0.7 percent.

The rising cost of buying a home can mean buyers end up with a place smaller than they were expecting. One way to counteract this is by renting a self storage unit to hold the things that don't have a place for in the home. This is a great replacement for a garage or basement, which buyers may not be able to afford if they're shopping within a city.

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.

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