Canadian Self Storage Info

General Overview Since our last update on the Vancouver market, there have been some small changes in some of the metrics we track. Below are the changes we have seen and where we feel the market is headed. Occupancies Our recent work within the City of Vancouver has shown a slight decrease in occupancies across most storage facilities. This is coupled with a decrease in the average stay of new customers. Some of this decrease may be related to some seasonality however some is due to changes in the real estate market and overall economy in the City of Vancouver. Rates On the whole, rate is Class “A” Facilities are still increasing. Some less modern Class “B” facilities have seen rates slip however some of this was due to incentives offered to help prop up occupancies. The increase in rental rates is expected to continue but may slow down as some new competitors come to market in the coming year. Development The development boom that started in late 2017 continues in The City of Vancouver. Although no new developments have been announced, some of the previously announced developments are getting underway. The Next facility opening will be NationWide Storage on E Pender which will open approximately 55,000 SF of storage in September of this year. This new supply should be readily absorbed by the numerous multifamily developments in the surrounding neighbourhood as well as the existing demand that is not currently satisfied with the Self Storage offerings at present. Transactions At present no new transactions have taken place in The City of Vancouver since Freeway Storage was sold in late 2018. Future Outlook The future of the Vancouver storage market seems to be good. At present, population growth and well as demographic changes point to continued increased demand for Self Storage. Although there are a number of developments underway, the continued population growth as well as the difficulties building storage in Burnaby will keep occupancies high in the City of Vancouver moving forward. Please feel free to reach out to me with any questions about this market Patrick@canadian-self-storage.ca Patrick Wood

We are two weeks away fro the CSSA Vancouver show. Hopefully you have registered by now so Sue can stop bothering me to get everyone registered. I will be giving two talks this year (Sorry that you have to listen me even more). My talks will be on BC Assessment, property tax and appeals and a Western Canada Market Update. if there are specific questions you might have about a sub market please email me ahead of time. Thanks for stopping by and see everyone in 2 weeks Patrick patrick@canadian-self-storage.ca

If you read my recent Alberta Market update (Alberta, the good the bad and the ugly) you’ll know that the overall storage market in Alberta is less than stellar.  So why has Storage Vault (SVI) bet big on this western province?  Full disclosure, I do personally have a small amount of Storage Vault Stock and in the past, although not since July of 2017, I have done Valuation work for the company.  Since 2016, Storage Vault has purchased no less than 38 facilities across Alberta.  Some facilities were mature and stabilized while a vast majority of them were in some type of lease up with a few of them having just opened their doors.  This in addition with their other existing assets in Alberta weights a larger portion of their portfolio to arguably the worst performing province from a storage point of view.  Here is a Link to my Alberta Market Update – https://canadian-self-storage.ca/2019/04/12/alberta-the-good-the-bad-the-ugly/ Some people would be concerned with this weighting in a portfolio and I’m sure there have been many in depth conversations in board rooms and over coffee about this.  Typically, any phone call I get asking about Storage Vault quickly leads to the question “what about their Alberta assets”.  This “problem” only got worse with the announcement of Storage Vaults purchase of Real storage, a company that had 11 facilities in Alberta including in the very troubled markets of Red Deer and Fort McMurry.  I have fielded numerous inquiries about this transaction and the Cap rate paid and have explain numerous times about the Alberta segment not being near stabilized from an occupancy and rental rate perspective.  The Numbers: A quick look at Storage Vaults press releases surrounding quarterly and year end reports dating back to 2017 shows strong increases in both revenue and NOI growth with 2018 ending in an 8.8% increase in NOI.  This is a result of growth in same store NOI as well as new acquisitions.  Based on this, Alberta is no longer as big of a “Problem” as once thought. https://www.storagevaultcanada.com/en/investor-news/storagevault-reports-fiscal-2018-annual-results-highlighting-significant-growth-in-noi-and-ffo-172-million-in-acquisitions-provi How/Why: So how is this possible?  Simply put its possible by running an efficient business, in good times and in bad.  Storage Vault are masters at this and run their operations incredibly efficiently.  The additions in Alberta have mostly been within areas that Storage Vault currently has operations and as they have been able to find large efficiencies even in difficult markets.  Why has Storage Vault bought so many properties in Alberta as of late?  Very simply, it’s one of the few places where storage facilities aren’t the hottest real estate asset class.  In most major markets across Canada, good quality self-storage facilities usually sell quickly for aggressive prices right now.  I know of a few deals in BC that Storage Vault was actively working on only to not be willing to pay the price the eventual purchaser did.  It should be noted that the companies who eventually purchased these assets were not current storage operators and paid prices that would be considered at the top or above the top of the market at the time of sale.   My take on the Alberta properties: Storage Vault has a wide range of facilities including brand new Class “A” facilities in the Major Markets of Calgary and Edmonton to smaller aging Class “B” facilities in secondary and tertiary markets.  As noted in my article on the Alberta storage market, the market for storage varies widely in Alberta and Storage Vault is subject to the same conditions in these markets as everyone else.  Having said this, I would say the facilities in Fort McMurray and Red Deer will lag behind the rest of the facilities in their recovery moving forward.  Reasons for this are detailed in the linked article.  Time Frame: I want to start off by saying that if I had a crystal ball, I wouldn’t be doing this for a living so this is my best guess but don’t go and bet the farm on this.  My feeling is Alberta will start to become fruitful for Storage Vault by Q3 2019.  The increases in revenue and NOI however may not show themselves in published results until Q4 2019 or Q1 2020.  Below is what will be the factors in this timing and what you should look out for to begin the recovery in Alberta and thus the increase in Storage Vault results out of Alberta. What to Watch for: The first major change that will start the turnaround of the Alberta market will be the new UCP government that was elected in mid-April 2019.  This new conservative government is pro economic development and has ambitions to help the Oil and Gas industry quickly.  This will help with employment and prosperity in some of the hardest hit areas of Alberta.  Lower unemployment and increased economic growth with help with the storage market recovery.  The next thing to watch for is the expected approval of the Trans Mountain Pipeline expansion in May of 2019.  This will further buoy the Oil and Gas sector in Alberta and more than likely spur some additional investment in the province.  The Upside: If we look at the recent acquisitions, we see a fair number (At least 6) were in some stage of lease up at purchase.  At present these lease up periods are stretching and may not arrive at stabilized occupancies until an economic recovery is well underway.  When these stores do reach a stabilized occupancy, this will greatly add to both revenues and NOI growth.  In addition, an economic recovery will also add to occupancy levels and rental rates at all the other Alberta properties further increasing revenues and NOI growth.  The Risk: Anyone who has spent time in Alberta knows that the economy there moves in Cycles Was it a Smart Bet? I think so.  Storage Vault is not in the Self-Storage industry for the short term.  In addition, they have a wide variety of storage assets across Canada that can support one area being less prosperous than another for a while.  Due to the economic downturn in Alberta, Storage Vault was able to acquire some prime assets at very attractive prices.  Alberta will turn around and these facilities will greatly increase in value. There will also be increases in revenue and NOI that will help Storage Vaults growth an bottom line.  Overall the Big bet on Alberta will pay off and I feel it will pay off more than expected.

Recently, I have been doing a great deal of work in the Lower Mainland of BC.  Part of this is the very hot market for storage and part is wanting to know what sleeping in my own bed for more than a couple of days a week feels like.  In this work I have come across a great deal of information put together by various levels of government on demographic trends in the area.  One of the most striking to me was the work put together by Metro Vancouver on the projected population increase in the area that was released in December 2018 – Link to Report Projected population growth: In this study, which is only for Metro Vancouver, there is a projection of 1 Million new residents by 2050 assuming a moderate growth trend.  If we add to this the expected population growth in the municipalities that are not included in “Metro Vancouver” we see a total of 1.25 Million new residents in the next 30 years.  At present, some if the growth metrics used in this analysis have already been shown to be conservative and I would expect this figure to be at least 1.5 Million new residents if not more. New Storage Demand: In the work noted above I have been doing a fair amount of demand analysis of the Vancouver market.  This work has led me to the conclusion that on the whole, The Lower Mainland demand from 3.75-4.25 Square Feet per Capita at present.  Some areas demand far more while others demand less but as an average, I feel this range is easily supportable.  A quick bit of math then shows us the estimated new storage demand in the Lower Mainland by 2050 to be between 5.63 Million and 6.38 Million Square Feet.  Where are we going build all of this Storage? Land Issues: At present, Industrial land is very scarce in a great deal of Metro Vancouver with prices in Vancouver proper reaching as high as 28-30 Million dollars for an acre of prime industrial land.  Price do fall as you move toward the Fraser Valley however these process have seen significant increases in the past 3 years as well.  Here is a link to a more in depth look at this issue in Vancouver: Vancouver may ‘literally run out of industrial space’ by the 2020s Development Issues: In some parts of Metro Vancouver, there are very big barriers to new Self Storage development.  In Vancouver, a large portion of the remaining industrial redevelopment land known as False Creek Flats has had Self Storage listed as a prohibited use as it does not generate the desired employment levels the city would like to see in the area.  In addition to this, the City of Burnaby is very averse to any new Self Storage development within their city and this has greatly reduced new facilities within Burnaby.  These development issues in conjunction with very high Development Cost Charges and Amenity Fees demanded by municipalities in Metro Vancouver make new development in the core areas difficult at best.  In the less densely populated areas of Metro Vancouver, these issues are less prevalent however, I would expect   Price Issues: Another issue to note in many parts of Metro Vancouver is the price of storage units at present.  In my discussions with operators over the past few months, it seems as though many markets in Metro Vancouver have seen slight occupancy declines.  This is not due to new facilities opening but rather, in my opinion, due to the prices that are being charged by storage facilities.  In some cases, I have seen 10 x 10 units above $400 per month.  This additional cost to someone is quite large and, in some cases, may be shortening the length of stay or causing people to look outside the core areas for storage.  This price sensitivity is new and may make some developments in the future that are counting on continued price increase more difficult to lease or to develop. Solutions: Unfortunately building a large amount of storage where land is cheap and development is easy won’t fix the coming demand issues in Metro Vancouver.  Customers simply will not drive long distances on mass and rates and absorption times would be terrible in this scenario.  So, what do we do?  I feel that a mix of solutions is always best. Moving forward, especially in areas that are more difficult to develop in, a strategy of mixed-use development with office and retail may be the best option.  We see this in many areas of the United states where population density is high and land for self-storage is difficult to acquire.  In addition to this, working proactively with municipalities to help them better understand the benefits of self-storage as well as the fact that it is a needed service by many of their residents should also help ease the development issues.  Please feel free to reach out with any questions you may have.  We are also looking to add some interviews with market participants to our Podcast in the coming months and would love to hear from anyone who is interested in being a guest. Patrick Wood patrick@canadian-self-storage.ca

General Overview: This article covers the storage market in the area referred to as Greater Vancouver.  The population of Greater Vancouver which includes the Municipalities shown on the map below is estimated at 2.55 million as of 2019.  Population growth in the Metro area has been robust with an annualized growth rate of 2.1 since the 2016 National Census and is projected to reach 3.6 Million by 2040. Rates: A survey of most major sub markets in the Metro Vancouver area show rates have at minimum held steady. Rates in the more highly occupied markets such as The City of Vancouver, Burnaby, North Vancouver and New Westminster have increased in Q1. Occupancies: Occupancies across Metro Vancouver are relatively high. An examination of Stabilized storage facilities shows occupancies from 75-98% and occupancies at Class “A” facilities range between 84-98%. In comparison to previous data a slight decline in average occupancies in non Class “A” facilities is seen while a slight increase in occupancy is seen in newer Class “A” facilities. Sales: Although there have been no sales of self storage facilities in the Metro Vancouver area in Q1 of 2019, we did see the sale of Free way storage late in 2018 and the slo Trans Canada Storage in Abbotsford just outside of the Metro Vancouver boundary closed in January 2019. Both of these sales were record setting from a Cap rate point of view and speaks to a continued downward trend of Cap rates in Metro Vancouver. At present, there are two self storage facilities listed in the Metro area although both appear to be re development opportunities that have current holding income in-place based on the Cap rates listed on the offering documents. Projects underway: In metro Vancouver there are numerous self storage projects currently underway. The City of Vancouver has 2 projects currently under construction with a minimum of 3 in final planning stages and at least 4 in some stage of planning. In North Vancouver, Maple Leaf Storage is in the final stages of construction of a facility and one other large facility is currently in the planning stages. At present, there are at least 3 facilities in the planning stages in Surrey with Fox Box storage having opened in late 2018. Richmond has one larger facility near completion with 2 other facilities in the planning stages. Langley has one extremely large facility working its way through the planning stages at present with a few other potential facilities being discussed. This is by no means an exhaustive list of what is currently happening in the Metro Market but rather a high level view. Future Outlook: At present, occupancies within Metro Vancouver are high and above what would be considered stabilized occupancy in many markets. In addition, rental rates continue to increase across most markets. The population growth in the area is very robust as well as employment and wage numbers continue to be strong. All of this points to a strong storage market in the Quarters to come.

At one point, during the boom in oil and the robust Canadian economy, Alberta was one of the leaders in occupancy, rental increases and new construction.  Today after a very protracted recovery, issues with getting pipelines built and a slowing Canadian economy, Alberta has become the problem child of the Canadian Storage Market.  Having said that, it’s not all bad. The Good: We are seeing good market activity including strong leasing, increasing rental rates and occupancy levels in some sub markets such as Lethbridge, Brooks, Medicine Hat, Wetaskiwin and Chestermere.  All of these markets have had new facilities either under construction, completed or in the late planning phases in the last few years and all of these markets seemed to have bucked the overall trend in Alberta.  This is mostly due to a diversified economy that is not dependant on Oil and Gas. Having said this, now is not the time to go rushing into these markets with a new facility as you have already been beaten to the punch. The Bad: Markets that are somewhat dependant on the Oil and Gas sector for office and administration jobs have been hit hard over the past five years and this continues to this day. Calgary as of March 2019 had the highest unemployment rate of any City in Canada and an office vacancy rate above 25% (Closer to 40% by some estimates). Although fairing a bit better, Edmonton has not seen a speedy recovery from the economic downturn caused by the fall of oil and gas prices in 2014 and carrying forward to this day. The storage market in Calgary has seen occupancies fall from the peaks of above 90% seen in late 2014 to the Mid 70% range in many previously stabilized facilities. In addition, new facilities have been having difficulty in their lease up phase. These occupancies issues have also caused a slight decrease in rental rates seen across the market. There are some areas that have not been hit as hard but have also seen decrease in rental rates and occupancies. The Ugly: The markets of Fort McMurray and Red Deer have seen occupancies fall off dramatically over the past 6 months. The Fort McMurray decline in occupancy can be directly attributed to the loss of residents after major fires swept through the City. Some estimates put the loss of residents as high as 10,000 people. In addition to this, the Oil and Gas sector which is the main economic driver in the City has been struggling for the past years thus reducing the number of non resident employees and in turn their need for storage. Red Deer has also been very hard hit with the downturn in the Oil and Gas sector as it was a major centre for Oil rig maintenance and related activities. As there are fewer oil rigs working, the demand for these services have been greatly reduced thus reducing employment as well. Until there is a rebound in this sector, both occupancies and rates will continue to suffer. Where so we go from here? At the end of Q1, we are starting to see two different stories emerge in Alberta.  The first story is not a happy one with occupancies stagnant if not falling, rental rates in slow decline and not a clear path forward to fix these issues.  This story is true in many of the Oil and Gas dependant areas of the province and will take some real work both provincially and federally to help fix these issues and make this story have a happy ending.  With an election looming in Alberta there is a possibility of some positive news coming in Q2.  The second story is of smaller markets that have diversified industries and show above average growth in both occupancies and rental rates.  In these markets, we are seeing some new facilities in the planning stages and some good storage numbers over the past year.  The same things that would be positive for the markets hard hit by the Oil and Gas slow down will be positive for these markets as well.  Overall we are cautiously optimistic for the storage market across Alberta for the remainder of 2019.

Today we cover why area surveys are important and why not to just take what a facility posts online at face value. Thanks for Listening Patrick

Where are Cap Rates HeadedThe first quarter of 2019 has been a wild one in the Canadian Self-Storage Industry.  We have seen large portfolio purchases as well as a number of one off purchases in Major population Centers that have set new records as well.  At present, these sales indicate a continued downward trend of Cap rates in the Canadian Self Storage market.  Sales that confirm this Downward trend began in Q4 of 2018 with the sale of the Self Storage Co. portfolio to Public Storage in Ontario at a Cap rate described as Sub 5% for four facilities with over 270,000 ft2 of rentable area.  The continuation of this downward trend was reinforced by sales of two facilities in the Lower Mainland of British Columbia and two sales in Ontario.  The first of the sales in Vancouver was of Freeway Mini Storage which closed in late November 2018 at a cap rate based on actual performance below 4.5%.  This sale even when stabilized to market levels yielded a Cap rate in the 5.5-5.75% range which for an older Class B facility with limited redevelopment potential is a record in Vancouver.  We also saw the sale of a Class “A” facility in Abbotsford BC that set a record for Cap rates in Secondary markets in Western Canada.  This sale of a facility that was not stabilized at the time of sale is reported to be at an actual Cap rate of 4.75% and has a stabilized rate in the 5.5-5.7% range.  In addition to the sales in British Columbia, Storage Vault Canada (SVI) acquired two facilities in Ontario for a combined purchase price of $10,460,000 at Cap rates that are best described by industry participants as at the low end of the current range given the size and location of the facilities.  In February of 2019, Storage Vault Canada announced the purchase of the Real Storage Portfolio (38 facilities in BC, Alberta, Manitoba and Ontario) for $275 Million dollars with a closing date later in 2019.  The real storage portfolio consisted mostly of facilities in secondary markets with a few assets located in Primary markets such as Toronto Edmonton and Calgary.  Analysis of this sale indicates a Cap rate below 4.75%.  Given the secondary market locations of the majority of the assets in this portfolio as well as factoring a portfolio premium for the bulk purchase of the group of assets, this transaction points to falling Cap rates in all markets and a Cap rate after factoring out the portfolio premium of between 5.25% and 5.75%.  Off Market Sales In the first quarter of 2019 we have been involved in a couple of off market sales in BC and in Alberta.  These sales took place in February and March and we both as a result of unsolicited offers to purchase.  Considering the fact that the facilities in these transactions were not for sale and that an above market price may have been paid for the facilities to entice the owner into selling the asset, we are still seeing some downward trends in Cap rates.  Both of these transaction would are in markets that would be considered secondary markets. Sales Negotiations In addition to the above listed off market sales, we have been involved in negotiations on two Class “A” facilities as consultants and independent third parties assisting in valuation.  Neither facility has yet to come to the point where both parties are happy with a price however, the price range of these negotiations also indicate that Cap rates have progress downward from 2018. Reason for Downward Trend There are a few reasons that we can see for the continued downward trend in Cap rates in Q1 of 2019.  At present and discussed in our Q3 2018 Cap rate article, the arrival of outside money into the self storage space has forced what was once a very insular community to either pay prices based on lower Cap rates than they are typically use to or, sit on the sidelines while the new players acquire assets that are available.  This has caused a continued compression of the overall market Cap rates for self storage.  In addition to outside pressures on Cap rates, we have seen a fall in Bond Yields over the past 4 months and this has signaled that lending rates will hold steady if not fall slightly moving forward.  Below is a chart showing the decline in the Government of Canada 5 year Bond.  We have also been told from a few clients that at present they are seeing lending rates slightly favourable to the rates they were offered in Early to Mid 2018.  A reduction in the cost of Capital will allow lower Cap rates to be paid while still providing a good return on investment thus allowing for lower Cap rates to be used on purchases.  The final thing allowing Cap rates to continue to fall is the compression of Self storage Cap rates when compared to Light Industrial product.  We are currently working on a full analysis of this trend for a feature in April however the high-level takeaway is that the Self-Storage asset class is slowly being perceived as less risky by investors and lenders than in the past thus allowing Cap rates of self storage to move closer to that of Light Industrial Assets. What’s Ahead Although we do not have a crystal ball, the trend of declining Cap rates appears to be here at least in the short term.  Recently, the bank of Canada has changed its guidance from a rising rate environment to one where rates will remain stable for at least the next few quarters in Canada.  With out this upward pressure on interest rates, we would expect the current trend to continue moving forward. Please feel free to email with any questions you may have. Patrick@canadian-self-storage.ca Patrick

In this article we will discuss Third Party Management in the Canadian Self Storage space.  Who does it, what it is, and should you consider it?  In recent years, there has been a dramatic increase in the number of new storage operators entering the Canadian Self-Storage space.  These new entrants range from small Class B facilities in secondary and tertiary markets to large new Class A facilities in primary markets such as Vancouver, Calgary and the Greater Toronto area (GTA).  As these facilities are owned by people who do not have experience in the storage industry, there has been an increase in the use of Third-Party management companies especially by these new storage operators. What is Third-Party management? Simply put, Third-Party Management is when an outside company handles all of the management responsibilities for a facility so an owner can be hands off.  The most recent management contracts I have seen are charging rates between 5-7% of EGI with a different fee structure for new facilities during lease up periods. Who are third Party Mangers? In the Canadian Market, there are two categories of companies at present.  The first is storage owners who also offer management services and the second are companies that exclusively manage storage facilities without any ownership.  Typically, the companies that own storage as well as offer management services have the end goal of acquiring the facility at some point down the road and this should be kept in mind when negotiating any contract. What should you expect? When you hire a Third-Party manager, you should expect that your facility will be run in a professional manner.  Its common practice for the owner of a facility to be given at a minimum monthly reports on the performance of the facility as well as any information surrounding larger maintenance expenses and any on-going issues in the facility.  What to look out for In my experience, contracts in the Third-Party space can vary dramatically from company to company and there are some things to be aware of.  Make sure you are happy with the terms of the contract such as the ability to terminate the contract, any first right of refusals and any language surrounding participation in profits from a penitential sale.  In addition, make sure you have consulted an accountant and probably a lawyer about the contract and how it may be treated in regard to the Active vs Passive income issues with the CRA.  Some contracts dictate that all employees are the managers which could potentially leave you vulnerable to be considered a passive business in the CRA’s eyes. If you have any questions related to how Third-Party management could help you out or if you would like to be introduced to some of the leading Third-Party managers in the country, please feel free to reach out to me and I can point you in the right direction. Patrick Patrick@Canadian-Self-sotorage.ca

Today we cover Appraisals. What they are, who needs them and how we do them. We also touch on how we evaluate your numbers and whats is involved in stabilizing a facility. Please feel free to reach out with any Appraisal related questions Patrick patrick@canadain-self-storage.ca

Today we take a look at Feasibility Studies, what they are how we do them and why you need one. Please feel free to Email me with any questions or if I can help you out with a Feasibility study. Keep an eye out for our market area products coming real soon. Patrick patrick@canadian-self-storage.ca

Today we discuss the rise of the Mega Self-Storage facility in Canada. Recently we have been seeing proposals for more facilities over 150,000 Square Feet of rentable space. We discuss some of the issues and give our suggestions on how to undertake one of these projects. Please feel free to email me at patrick@canadian-self-storage.ca with any questions you might have. Thanks Patrick Wood

The announcement came at 7:00 Am EST…..I know this because my phone started ringing about 10 minutes later from east coast Clients. Time zones are not a thing when you live in Toronto. This sale is very important as it sets a new benchmark for portfolios in Canada as well as for valuation in the Self-Storage Industry as a whole. We will be examining this transaction more in depth as more details are released in the coming weeks so please check back for that. If you are thinking about a sale or a refinance and want to discuss what this transaction might mean for your Value please feel free to reach out to me at patrick@canadian-self-storage.ca or give me a call at 250-516-5696 Patrick Link to Press Release: https://globenewswire.com/news-release/2019/02/06/1711273/0/en/StorageVault-to-Acquire-38-Store-Real-Storage-Portfolio-for-275-Million.html

Happy New year everyone.  We are back from the holidays and a big office move that took about two (three) weeks longer than expected.  I think by now I have gotten back to everyone that has called an email and sorry for the delays on that (Pro Tip, don’t move offices over the Christmas holidays, it never works out well).  If not please reach out again and I will get back to you right away. This is going to be a quick look at what’s instore for 2019.  I’ve had some time over the break to get some articles and Podcasts done and set aside as well as make some progress on some long awaited projects we have in the works.  We are very excited for what’s instore for 2019 and thank you for your continued support. Coming up we have Podcast on area surveys, properly planning for expense increases, the move to unmanned or partially manned facilities in 2019, the property tax landscape in 2019 and where we see the market moving this year.  In addition, we will be introducing our information packages on different markets and our education services for institutional partners including lenders, developers and investment groups.  We hope to be able to move the information and education available in Canada forward greatly in 2019 as we feel like this is lacking in our country.  In addition to these services, we currently have clients looking to buy and sell storage as well as clients with some very interesting self storage investment opportunities that we have worked on that we would like to help people get involved in.  Please feel free to contact us with any questions you might have or if you would like to discuss any self storage opportunities we could help you with. Were excited for 2019 and hope you will follow along with our year.  We will be in Vancouver, Las Vegas, Red Deer and Toronto for CSSA events and will keep everyone updated about other events we will be attending. Thanks Patrick 250-516-5696 patrick@canadian-self-storage.ca