Over the past few years, Toronto's condo industry has experienced a significant boom, however, the sales aren't faring as well as analysts expected. According to Daily Commercial News, a report conducted by the Greater Toronto Realtors revealed that sales were down 17 percent and the average price fell by approximately $2,000.
"With months of inventory high from a historic perspective, it makes sense that the average selling price for condos edged lower over the past two quarters," Jason Mercer, Toronto Real Estate board president said. "However, March results were much more positive compared to the first quarter as a whole, with the average condo selling price up by two per cent annually for the GTA."
According to the Globe and Mail, one of the main questions Toronto residents are asking themselves is whether or not to put money down on a home or to buy a condo. The first thing to consider is which housing option fits in their budget.
Homeowners who are looking to downsize from a home to a condo might want to look into renting a Toronto self storage space if they can't find room to keep their extra belongings.
Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.