OTTAWA, ON - Canada Mortgage and Home Corporation said an estimated 1.7 million households in 10 major centers invested in renovation projects during 2011.
According to CMHC's Renovation and Home Purchase Survey, approximately 37% of homeowners, down from 42% in 2010, undertook renovation projects. CMHC added, however, that the estimated average cost of renovations in 2011 was $13,709 compared to $12,972 in 2010.
Of the 10 major centers surveyed, CMHC said the highest percentage of homeowner households that renovated in 2011 was in St. John's, NL, 43%; followed by Quebec, 42%; and Winnipeg, 41%.
Rich Christianson is Associate Publisher and Editor at Large of Woodworking Network. During his 25+ years covering the wood products industry, Rich has toured hundreds of manufacturing plants throughout North America, Europe and Asia. His reporting has covered everything from the state of the industry and impact of wood imports to technology and environmental issues. In his current capacity he is responsible for editing the daily Woodworking Network Update newsletter and coordinating events including the annual Cabinets & Closets Conference & Expo and Canada’s biennial Woodworking Machinery & Supply Expo.
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