17 Jul 2013

Home prices on the rise in Toronto

A recent report from Royal LePage showed that home prices in Toronto are expected to increase 2.5 percent in 2013, as rising mortgage rates and a low inventory continue to push prices upward. 

Toronto is expected to be one of the leaders in price gains in Canada. Those buying a home in the area, and looking to ease stress on moving day, should look into self storage

"Those hoping their predictions of a bursting bubble and cataclysmic drops in home values will come true are out of luck again," Royal LePage President Phil Soper told The Toronto Star.

Homes in the greater Toronto area are expected to reach $511,500 by the end of the year, up from nearly $500,000 last year and $466,352 at the end of 2011. Sales, however, are expected to fall 4.5 percent in 2013 compared to the year before. 

Besides budget priced Toronto self storage spaces, Jiffy Self-Storage is now offering air conditioned Jiffy Workspaces/Offices with internet, light and power for small businesses and for business persons having outgrown their Toronto  small office home office (SOHO). There are a limited number of these workspaces available so contact Jiffy before all the spaces are gone.

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