No Sign Of Renovations Slowing Down

Almost three quarters (74 per cent) of Canadian homeowners are planning to improve their homes in 2021, says a survey by HomeStars. "Despite the pandemic, last year was incredibly busy for renovations as we've seen first-hand with our pros and homeowner service requests and there's no sign of it slowing down anytime soon," says Shir Magen, CEO of HomeStars. "With all this extra time at home, Canadians are investing in their spaces by making repairs, adding functionality, or simply to 'spark joy' in the new normal we're living in." The survey found that the most popular projects this year will be outdoor work including landscaping and decks, with 54 per cent of homeowners planning to improve their outdoor space. In second place came bathroom renovations at 32 per cent, followed by kitchens at 23 per cent. Basement renovations and appliance repair/replace round out the top five at 17 and 12 per cent, respectively. In regard to anticipated spend, small repairs (those under $1,000) and large jobs over $50,000 were the least popular. The top budget range was $1,000 to $10,000 for 46 per cent of respondents (essentially the cost of an annual family vacation).