5 Jun 2012

Suburban Toronto home sales on the rise

Sales in the Greater Toronto Area (GTA) continue to be high after a red-hot streak in 2012, but recent trends have shown many buyers headed to the suburban parts of the city rather than the downtown areas, according to Moneyville.ca.

Referred to as "905" properties due to the area code, sales of homes in suburban Toronto were strong in the month of May, thanks mainly to an increase in resale listings. In previous months, most were hanging onto their homes rather than selling, which was making the market very tough for buyers. The lack of listings meant demand was far outstripping supply, in turn driving up prices.

According to the news source, 10,850 homes in Toronto were resold in May, with 6,720 in the "905" region. In addition to the much higher prices for downtown homes, analysts believe buyers are flocking to these houses to avoid the high land transfer tax in the city proper.

Those considering a move to Toronto may want to look into self storage facilities to hold onto their items until they're properly settled. With prices high, homeowners should be sure to choose a facility with affordable Toronto self storage rates.

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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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