5 Apr 2011

Low interest rates a motivator for first-time home buyers in Canada

As the Greater Toronto area has shown a steady increase in the number of people moving to the area and buying storage units and homes over the past few months, a new report may explain why.

According to a report issued by RE/MAX, low interest rates appear to be among the most significant factors for why there has been an increase in home sales throughout much of the country.

Elton Ash, regional vice president for the real estate company in West Canada, said this finding is an indication home sales will likely be swift in the spring.

“Consumer confidence is climbing in conjunction with economic performance,” Ash said. “The mood is cautiously optimistic as first-time buyers enter the market.”

Ash’s market, Western Canada, saw the most significant increase in home sales, but the Greater Toronto area fared well also, with sales 5 percent higher compared to last year.

Other possible reasons for why more people are flocking to the Toronto area is its overall liveability. Taking factors like education, infrastructure, home prices and environment into account, Economist magazine found Toronto to be the world’s fourth most liveable city of the 140 that were considered.
 

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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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