Good news in the Ontario housing front. Following a hot January real estate market in Toronto and in Ontario as a whole, latest reports from Canada Mortgage and Housing Corporation show an increase of 49% for total Ontario housing starts in February to a seasonally adjusted rate of 38,000 units.
Rental activity at Toronto’s Jiffy Self Storage follows on the heals of this trend as Toronto real estate market shows signs of heating up again.
Vacant storage units in Toronto are going to be scarce this this spring and summer and occupancies in self storage may reach an all time high. Businesses and families contemplating self storage should reserve early to get the right size for their storage needs. Due to increased occupancies forecasted this year, self storage pricing in Toronto GTA will definitely increase as we get closer to summer.