No Comments

2021 Renovation Investment Report

Canadians invest in home renovations to improve quality of life, not to add value in current Canadian real estate market

  • Challenging Canadian housing market conditions put additional importance to home renovations since the start of COVID-19, both for those looking to stay and those selling
  • More than half of Canadians renovated their home in 2020 with the intention of living in it, with 29% renovating to enhance their lifestyle for non-essential reasons (aesthetic and/or recreational purposes) and 29% doing so for essential reasons (safety and maintenance)
  • Only 16% of Canadians said they renovated to increase the market value of their home in order to sell within in the next one to three years 

Read more….

 

Source: remax.ca

Comments (0)