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Canadian Home Renovations…Some Interesting Facts

CMHC published some statistics about Canadian home renovations.  Here are a few notes:

  • Over $25.8 billion dollars was spent on home renovations in Canada in 2009
  • Approximately 50% of Canadian households renovated their home during 2009 (40% of Canadian households renovated their home during 2008)
  • Approximately 33% of home renovations were to remodel a room in 2009 (this was the most popular Canadian home renovation in 2009)
  • Approximately 59% of St. John homeowners renovated their home in 2009 (St. Johns had the highest ratio of home renovations in Canada in 2009)
  • Over 50% of home renovations were done to simply add vale to the home (this was the number one reason why home renovations were done in Canada)
  • 69% of home renovations within Canada during 2009 were contracted to a professional
  • The average Canadian home renovation in 2009 cost $12,100.
  • 98% of Canadian homeowners have some intent to do a home renovation in 2010

For the full report visit

Posted by Kevin Somnauth, CFA…For your Sudbury Mortgage

160 Responses to “Canadian Home Renovations…Some Interesting Facts”

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