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Renovation Spending Across 10 Major Centres Up by $2 Billion in 2007

OTTAWA, Ontario, May 22, 2008 ? An estimated 1.5?million households in 10?major Canadian centres surveyed indicated they completed renovations last year that cost an average of more than $12,800, according to the Renovation and Home Purchase Survey released today by Canada Mortgage and Housing Corporation (CMHC). ?Close to $19.7?billion was spent on renovations in 2007 across the ?

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Source: CanEquity Mortgage News

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