8 Mar 2011

Once again, housing starts increase in Toronto

It’s becoming somewhat redundant, but there’s more good news to report in the Ontario housing market. On the heels of a prosperous January for housing starts in the Toronto area, the Canada Mortgage and Housing Corporation reports that total housing starts increased by 49 percent to a seasonally-adjusted annual rate of 38,000 in February.

“The condominium segment is shaping up to be the engine of growth for the construction industry in Toronto this year,” said Shaun Hildebrand, CMHC’s senior market analyst for the Greater Toronto area. “The rising number of condo starts and completions reflects a growing preference for this housing type among first-time buyers, downsizers and renters.”

Because the CMHC says condo sales are also high among those who are downsizing, it’s likely that more Toronto storage units will be purchased, as homeowners use alternative locations to store their belongings after moving into tighter quarters.

Housing starts have been on an upward trend for several months now in Toronto, but market analysts expect the real estate market will tail off as the year progresses due to tighter mortgage restrictions and diminishing demand.

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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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