A CIBC Poll released just last month asked Canadian homeowners about their renovation plans for 2017. They found that 48% planned a reno or update this year, up from 37% in 2016.
In British Columbia, the average amount budgeted for the reno was $13,200, indicating most people are planning cosmetic and maintenance work, as opposed to full-on renovations.
But an interesting fact was that fully 56% of those responding said they were choosing to renovate instead of selling and moving to a new home.
If you are weighing your options, please give me a call first. I can give experience-based advice on the renos that work and those that can never pay back.
