21 Jul 2011

Ontarians hit hard by cost of living, according to RBC poll

While Canada as a whole has been able to weather the global financial crisis effectively, the cost of living may be taking its toll, particularly in Ontario.

In a new survey released by the Royal Bank of Canada, to cut costs approximately 60 percent of Ontarians are comparison shopping, 50 percent are following a budget more closely and 30 percent are driving less frequently. One in five are cutting back on expenses by using their credit card less often.

“Ontario residents have been hit hard by the rising cost of food and fuel and are making changes to deal with this new financial reality,” said Vince Isber, regional vice-president for RBC.

Isber went on to say that Ontarians can budget their money by establishing a financial plan, but a majority of locals – 56 percent – don’t feel confident in their money management skills. What’s more, Ontario residents are carrying on average $13,000 in debt, the RBC poll indicates.

Money can be saved through a variety of methods, one of them being by eliminating spending temptations. For instance, by putting a seasonal vehicle in a storage unit – such as a boat or jet ski – Torontonians will spend less on gas. 

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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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