The Year of Renovations: Trends and Tips for Canadian Homeowners

August 28, 2017

According to recent surveys, Canadians are increasingly investing in home renovations this year despite economic uncertainties. With nearly half of Canadian homeowners planning updates, renovations continue to outpace new housing construction as a primary market driver.

Provinces like Ontario and British Columbia are leading the charge with high renovation expenditures, while Alberta’s spending has reached record levels due to factors such as repairs following natural disasters and economic shifts. Experts suggest prioritizing energy-efficient upgrades and functional improvements to maximize long-term value.

Top Renovation Priorities

• Energy-efficient updates: HVAC, windows, and appliances
• Kitchen and bathroom remodeling for the highest ROI
• Maintenance and structural updates

Renovating your home? Remember to plan a budget and focus on projects that increase equity while appealing to future buyers.

Source: Absolute Mortgage Team