Odin Says ...
| Brief Home Renovation Figures |
Nov 04, 2009
'Home office' by Jeremy Levine Design, licensed under the Creative Commons Attribution 3.0 Unported License The Canada Mortgage and Housing Corporation statistics for 2008 are out. The following are the highlights concerning home renovations for the year: - Total money spent on all home renovations throughout the country: $21 billion.
- Average cost of renovation per home: $13,000. This figure is higher the older the dwelling.
- 40% of homes were renovated in one way or another, 25% of which involved room remodeling.
For 2009, these figures are expected to rise, despite the bad economic times, due to the federal Home Renovation Tax Credit.
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About 'Odin Says' Articles
These articles are written by Seek Odin staff. We invite our members to make what they want of them. In no way do they express any official's or professional's views. Rather, they are a product of our lifetime experiences as long-time Montreal citizens.
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