4 Nov 2011

Downsizing trend to continue

As has been recently reported, there's been a growing trend of homeowners downsizing in the Greater Toronto Area, as empty nesters sell their homes for the more quaint confines of a condominium. This trend is expected to continue in 2012, according to a new housing forecast.

During the Canada Mortgage and Housing Corporation's annual Housing Outlook Conference, Shaun Hildebrand, senior market analyst for the GTA, said downsizing will not only continue in 2012 but in the years afterward as well, as more and more baby boomers enter their retirement years.

As a result of this, there may be an increase in the number of Canadians looking for storage units to house their belongings.

Hildebrand also discussed how housing housing would perform in general next year.

"The market will feel somewhat slower than previous periods of high activity as buyers practice more restraint in light of slowing economic fundamentals," said Hildebrand. "Low interest rates will help keep a decent sales pace, but expect resistance to price increases as more supply enters the market."

Jiffy Self Storage offers cheap storage space no matter how limited unit availability may be.

Be Sociable, Share!

Related Articles [3]

2017 Trends For Collectibles: What To Know

June 29th, 2017
Since time immemorial, people have been collecting things, whether because they are simply interested in the item being collected, or because they feel that the collectible...

Renting storage space in Canada different than United States

April 25th, 2013
The self storage industry is quickly becoming one of the most popular industries in North America. Although the United States has approximately 46,500 self storage companies...

Canadian union in opposition to construction of local casino

April 2nd, 2013
Tim Maguire, the president of CUPE Local 79, the union representing the City of Toronto's employees, recently asked the City not to not to support a casino in the...

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.

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL