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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 

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Source: remax.ca

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How Will the Newfoundland & Labrador Real Estate Market Fare?

Is there a pandemic occurring in Atlantic Canada? A look at the region’s housing data may convince any observer that Canada’s east coast was not experiencing a public health crisis. Despite the severity of COVID-19, the area has seen both its economy and the real estate sector grow to levels unseen before.  The Newfoundland and Labrador real estate market finished 2020 on a high note, and it kicked off 2021 with the same gusto.  Read more . . .

Source: remax.ca
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St. John’s Real Estate: The Housing Market That is Topping the Charts

At the start of 2020, few would have anticipated that St. John’s real estate would be one of the hottest Canadian housing markets by the end of the year. Twelve months later and the nation’s east coast is witnessing exponential growth in its housing sector. Commercial development, population growth, and a rebounding economy are contributing to the area’s booming real estate market. And this could be a main headline in Canadian real estate news for many years to come.  Read more. . .

Source: blog.remax.ca