6 Nov 2012

Canadian housing market slowing

According to Canada Housing and Mortgage, the Toronto housing market recovery is slowing down and is not likely to fully recover until the second half of 2013. Condominium sales have continued to decline, averaging $358,741 in October, down 2 percent from a year ago, the Toronto Star reported.

Any Toronto area homeowner looking to free up space in their home should consider Toronto self storage as an inexpensive way to store their valuables.

“I believe the slowdown we’re seeing has largely been caused by the tightening of financing rules and is a short-term shock which is basically going to take some people out of the market for a year [until they can save up a bigger down payment]," Brad Lambl, a realtor and condo developer, told the news source. “The single family home market is another thing. There’s not a lot of new supply coming there (unlike the GTA condo market where about 50,000 new units are under construction), so prices will continue to rise.”

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.

Be Sociable, Share!
Comment

Related Articles [3]

How To Create Space In Your Shop With Self-Storage

March 20th, 2015
Your storefront is for one thing: showing products to customers! You want customers to see your available merchandise, and the more store space you have, the more you can...

Benefits of Self Storage When You’re Moving

October 17th, 2014
One of the unwritten rules of moving is that there will be a period of time during the process where some or all of your possessions will have no permanent place to stay....

The underrated benefits of self storage

July 30th, 2013
When most people think of self storage units, they think of a place where they can keep their valuables, primarily when they are involved in a home move. However, there are...

Leave a Comment






Recent Posts

Blog Categories

Archives

Subscribe to RSS Feeds
Essential SSL