27 Sep 2011

Canada housing picture slows but remains strong

Global financial instability has led to a market slowdown for Canada's real estate picture, but on the whole – and compared to other countries – housing conditions are solid, a new report reveals.

Market research firm Scotiabank recently released its Global Real Estate Trends report which analyzed the real estate conditions in nine countries throughout the world. Canada was one of three that had positive year-over-year home price growth. The others were France and Switzerland.

Still, there were signs of weakening in Canada's real estate market.

"In the majority of the major markets we track in North America, Europe and Australasia, inflation-adjusted home prices declined on a year-over-year basis in the second quarter of 2011," said Adrienne Warren, real estate specialist for Scotiabank. "While Canada's hot housing market also has begun to cool, it remains a notable outperformer."

She went on to say that a weak jobs market may prevent some people from buying homes during the remainder of the year, but thanks to exceptionally low interest rates, home affordability should remain strong.

Speaking of affordability, Jiffy Self Storage takes pride in offering spacious storage units for a low price. It's part of the reason why we've been consistently voted the winner of the Consumers' Choice Award for business excellence. 

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Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

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