Some Canadian Self-Storage Operators Expand Despite Challenges
(Pictured: Apple Self Storage in Toronto, Ontario, Canada.) Much like the U.S. self-storage market, the Canadian market is handicapped by limitations on development, and the industry faces saturated markets. Other obstacles for developers include the varied building codes and guidelines, which are non-existent in some regions and strict in others. Despite such setbacks, the market continues to expand, and self-storage is finding a footing in rural areas and small towns where it was once unknown. A handful of Canadian operators continue to add to their portfolios. Apple Self Storage, which has this location in Toronto as well as another in Aurora, Ontario, has two expansions and a couple of sites in early-stage development.