H o u s i n g

M a r k e t

I n f o r m a t i o n

RENOVATION AND HOME PURCHASE REPORT

Canada

Mortgage

and

Housing

Corporation

Table of Contents

Date Released: 2010

2

Households who performed renovations in 2009

Over $25.8 billion was spent on renovations in 2009 across ten major surveyed centres1
Fifty per cent of households in ten Canadian markets renovated their home in 2009.
Figure 1

According to CMHC’s Renovation and Home Purchase Survey, an estimated 2.1 million households in surveyed centres indicated they had completed some form of renovation in 2009. This represents a 27 per cent increase in the number of households that completed a renovation in 2008. Fifty per cent of homeowner households across the surveyed centres completed renovations in 2009, up markedly from 40 per cent in 2008.

5

Households who intend to renovate in 2010

7

Households who purchased a home in 2009

9

Households who intend to purchase a home in 2010

11 Methodology

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1

The ten major centres covered are: St. John’s, Halifax, Québec, Montréal, Toronto, Ottawa, Winnipeg, Calgary, Edmonton, and Vancouver

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Renovation and Home Purchase Report - Major Market Highlights - Date Released - 2010

Households who performed renovations in 2009
ONE OUT OF TWO HOMEOWNER HOUSEHOLDS RENOVATED THEIR HOME LAST YEAR. Across the ten surveyed centres, 50 per cent of homeowner households renovated their primary residence in 2009. This was up markedly from 40 per cent in 2008. The share of households who renovated last year was the largest in St. John’s (59 per