Blog & News: Real Estate Market Blog

Renovation Spending Reaches $22.8 Billion Across 10 Major Centres June 29, 2011

OTTAWA, June 29, 2011 — An estimated 1.9 million households, surveyed in 10 major centres, indicated they completed renovations last year, a slight decrease from the 2.1 million households that completed a renovation in 2009. This represents 42 per cent of homeowner households (down from 50 per cent in 2009), according to the Renovation and Home Purchase Survey released today by Canada Mortgage and Housing Corporation (CMHC). The average cost of renovations was $12,972.

For more information view the full report here.



  Real Estate Informer Email Newsletter For the latest residential market information and statistics including useful tips for Buyers and Sellers, subscribe now!

First Name*
Last Name*
Email Address*
  
Quick Real Estate Search in the Vancouver-Tri-Cities Corridor:
Houses in Vancouver Townhomes in Vancouver Condos in Vancouver
Houses in Burnaby Townhomes in Burnaby Condos in Burnaby
Houses in Coquitlam Townhomes in Coquitlam Condos in Coquitlam
Houses in Port Moody Townhomes in Port Moody Condos in Port Moody
Houses in Port Coquitlam Townhomes in Port Coquitlam Condos in Port Coquitlam
Houses in New Westminster Townhomes in New West Condos in New West
Copyright © 2013 - David Reimers. All Rights Reserved. | Privacy Policy | Terms of Use


The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® Reciprocity logo and detailed information about the listing includes the name of the listing agent.

This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

Contact the Web Developer