Vancouver homeowners least likely to renovate
Posted June 7, 2012 5:34 pm.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – Vancouver homeowners are the least likely to do renovations, according to a survey of the country’s 10 largest cities.
One-third of the people in Vancouver say they renovated last year.
The survey for Canada Mortgage and Housing Corporation says renovations in the biggest cities totalled $20.9 billion, down eight per cent from last year.
But the average cost of renovations rose six per cent to top $13,000.
Vancouver is also at the bottom when it comes to renovation intentions for later this year.