6 May 2011

Existing home sales in Toronto drop

The state of Toronto’s economy has received a steady stream of good news over the past several months, but it may be in the midst of a spring swoon.

According to a recent report released by the Toronto Real Estate Board, there were approximately 9,041 existing home sales in the month of April. That’s a near 20 percent drop in sales compared to the same month last year.

Despite the decline, Bill Johnston, TREB’s president, said it should not serve as a sign of what’s to come.

“Expect the pace of sales to remain robust through the spring, as the economy expands and home buyers continue to benefit from affordable home ownership opportunities,” said Johnston.

But a report from the Conference Board of Canada is not as optimistic. According to its Metropolitan Outlook study, Toronto’s economic output will shrink 2.8 percent over the next five years, perhaps leading to fewer people purchasing storage units due to less discretionary spending. The firm said that the drop off in Toronto’s economic productivity will be due, in part, to the government’s stimulus spending winding down.

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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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