As many as 56 per cent of Canadians embarking on renovations are choosing to stay in place instead of selling their home, according to a recent poll. A recent CIBC poll found that 61 per cent of people planning to renovate admit they don’t have a detailed budget. (DREAMSTIME) Christine Davies and her husband were in their east-end Toronto home for about six years before deciding to pull the trigger on a massive renovation. With two young children and a house “literally falling apart,” Davies says, the couple needed an upgrade but didn’t want to move up in the city’s pumped-up…
Housing Prices Prompt Canadian Homeowners to Renovate Instead of Buying a New Home
A poll released by CIBC reveals that Canadian homeowners are renovating their properties to stave off buying new homes. Almost 50 per cent of Canadians are planning to repair or improve their home this year, up from 37 per cent in 2016. Of those choosing to renovate, over half are doing so to avoid jumping into Canada’s tumultuous housing market. “One of the interesting things that was found in the CIBC poll is that particularly in the GTA, some of the Canadians who really felt that they wanted to choose to stay in their home wanted to renovate as opposed to jumping into the housing market. More than…
Best Quote…
Although it is a common perception that it’s necessary to obtain 3 quotes prior to hiring a renovator, it is more important to determine that the quote you receive encompasses all the details of the renovation. In order for you to make an informed choice, renovation quotes need to be similar in the details; otherwise, you could choose a lesser quote but end up paying more in the end as not all items were initially accounted for. There are many questions to be answered and your renovation quote should reflect those. There is value in paying someone for the time…