Poll: Canadians spending $$$ on renovating over moving
Are you planning on moving into your dream home, or spending money to renovate your current home? Survey says: renovate! A CIBC poll released this month indicates Canadian homeowners will spend an average of $17,000 this year on home renovations. One Toronto resident tells us why she’s one of the renovators like the many surveyed for the poll.
Highlights of the Poll
|$1 to $4,999||19%||14%|
|$5,000 to $9,999||23%||20%|
|$10,000 to $14,999||16%||15%|
|$15,000 to $24,999||14%||18%|
|$25,000 or more||16%||18%|
Why renovate in the first place?
What are homeowners planning to renovate?
|Basic home maintenance (painting, flooring, general repairs, replacing appliances)||64%|
|Landscaping (including outdoor deck)||32%|
|Replacing windows or doors||20%|
|Home repairs due to weather damage this past year||13%|