10 May 2013

Toronto condo market not faring as well as expected

Canada's housing market is showing signs of improvement; however, some analysts are concerned that there has been a lack of construction jobs. According to The Canadian Press, there were 174,858 units constructed in April, which was a significant decrease compared to the 181,146 recorded in March. Sal Guatieri, a senior economist with BMO Capital Markets, told the source that many analysts viewed housing as a drag on the economy earlier this year, despite the fact that the market is cooling off.

One of the areas that has experienced the biggest damage is Canada's condo sector. According to the Financial Post, condos currently account for about 75 percent of the construction in Toronto. Canadian Imperial Bank of Commerce deputy chief economist Benjamin Tal suggested that low-rise homes will most decrease in demand less than the condo market, which could be a good sign. 

Toronto consumers who might be moving into a low-rise home or condo might need a Toronto self storage space to keep their items organized before or after the process.

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.

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