A report published by CIBC earlier this year revealed that nearly half of Canadian homeowners plan to renovate their homes this year – a great way to add value to their existing homes while creating jobs in the industry and boosting our economy.
The poll showed that 42 per cent of Canadians are planning home renovations, and plans to spend an average of $17,000 on sprucing up their homes with some basic maintenance like painting, flooring, general repairs and replacing appliances.
Kitchen and bathroom renovations are still a popular renovation focus, lagging only behind outdoor landscaping this year, and not by much.