11 Oct 2011

Housing starts dip in Toronto during September

The number of homes beginning construction in the metro-Toronto area in September declined markedly on a monthly basis, the Canada Mortgage and Housing Corporation reports.

Both multifamily and single-family home starts decreased from August, which may indicate the GTA's real estate sector is slowing down somewhat. More than 10,000 single-family residences began construction in September, while slightly more than 22,000 multifamily properties broke ground.

Overall, the rate of housing starts reached its lowest point in 2011. However, an analyst with CMHC doesn't seem too concerned by this development.

"The moderation in new home construction was welcomed following prior levels that were higher than expected population requirements", said CMHC senior market analyst for the GTA Shaun Hildebrand. "Housing development in Toronto should stabilize near current levels as strong demand for condo ownership and rentals offsets challenges associated with low density land supply."

Construction crews tend to have numerous tools and other items lying around when working on the job site. Should they decide to get a storage unit to store these objects, they could ensure no high-priced tool gets lost.

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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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