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On Average, Households Across Ten Major Centres Spent More Than $11,000 on Renovations in 2006

OTTAWA, Ontario, June 14, 2007 — Approximately 1.5 million households in 10 major Canadian centres surveyed1 indicated they completed renovations last year, costing an average of more than $11,000, according to the new Renovation and Home Purchase Survey2 released today by Canada Mortgage and Housing Corporation (CMHC). “More than $17.3 billion was spent on renovations last year …

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Source: CanEquity Mortgage News

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