Ways to finance a home renovation in Canada

Author: External Author | | Categories: Home Renovation Mortgage , Mortgage Broker , Mortgage Industry , Mortgage Renewal

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Since the COVID-19 pandemic entered our lives last spring, Canadians have been spending a lot more time at home—and in many cases, it’s inspired both indoor and outdoor renovation projects. New consumer research suggests 23% of Canadians have completed a renovation in the past year and an additional 21% are considering a renovation in the near future. The shift to backyard visits may have made a new deck or freshly landscaped patio more appealing, and in some cases, remote work or virtual school has highlighted the need for a space that functions as a home office. Others are noticing overdue cosmetic updates or are using this time to complete repairs around the house.

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Original Article Source Credits: MoneySense, https://www.moneysense.ca/

Article Written By: Erin Pepler

Original Article Posted on: 3rd May 2021

Link to Original Article: https://www.moneysense.ca/spend/real-estate/ways-to-finance-home-renovations/



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