29 May 2013

Many seek affordable storage in Toronto to brace for real estate market slump

According to Bloomberg, David Madani, economist at Capital Economics in Toronto, is not making any sweeping predictions about the future of the real estate market just yet, as the downturn has "just begun."

Jim Flaherty, finance minister, has historically restricted lending standards for mortgages over worries the real estate market in Toronto and Vancouver were being overextended. Already, the debt-to-disposable-income ratio has broken previous records, reaching a ratio of 165 percent. As a result, many economists in Canada think cooling in construction starts is a good thing, as reported by Bloomberg.

The Canadian Mortgage & Housing Corporation recently released data revealing a decline in housing starts in April – the first time a decline has occurred in the first quarter. As supply tightens and demand remains elastic, many potential buyers could confront delayed closings. For many, self storage is a viable option.

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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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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