Blog Article

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 http://www.cmhc-schl.gc.ca

Posted by Kevin Somnauth, CFA

SudburyMortgageBrokers.com…For your Sudbury Mortgage

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

  1. I know this is really boring and you are skipping to the next comment, but I just wanted to throw you a big thanks – you cleared up some things for me!

  2. world news says:

    The way I see it with the ever changing news its hard to keep up to date on current facts. Most of these commenters arent taking into effect the change of the global economy and how much of a different it has on news technologies / medical growth / economic / political issues. But anyways nice read, defiantly enjoyed your post. Found your blog on google search engines btw… most people always wonder how people are finding them.

  3. So this is what we have come to in this country. We are unwilling or unable to finance properly the single most important component of our health care system, so we doctors will now kowtow to the rich and throw crumbs to the others. Kind of a metaphor for modern America, eh? I suspect it will get even worse. Soon physicians will abandon primary care altogether. It is what America, by the incentives it presents to us, wants us to do.

  4. Can I just answer what a pain relief en route for come across superstar who essentially knows what theyre talking concerning on top of the internet. You unquestionably recognize how to bring an concern to glow and make it important. Extra public need to study this and recognize this side of the story. I cant consider youre not extra well-liked since you positively contain the gift.

  5. I like this website presented and it has given me some sort of inspiration to have success for some reason, so keep up the good work.

  6. I like this writing. I wasnt really looking for your blog to tell you the truth but i somehow found it and i gotta say I have no regrets about it. Please keep writing wonderful content such as this blog entry. Thanks.

  7. Not easy to say thank you, me english not so good – but these really good. Good read to practice English.

  8. Excellent post. I want to thank you for this informative read, I really appreciate sharing this great post. Keep up your work. . . .

  9. That is some inspirational stuff. Never knew that opinions could be this varied. Thanks for all the enthusiasm to offer such helpful information here.

  10. Wonderful post – and solid domain by the way!

Comments are closed.