More homeowners opt for renovations
More Canadian homeowners are choosing to renovate this year, but are spending less to do so, according to a May 2017 survey by CIBC. Homeowners will spend $11,800 on average in 2017 – the lowest in three years – the survey found.
Housing sales, starts head in different directions
Housing sales in Canada have plunged reports the Canadian Real Estate Association while starts of new homes have ramped up 13 per cent from a year ago, according to Canada Mortgage and Housing Corporation.
Canada’s social ladder stumbles on housing costs
Canada’s global ranking on the Social Progress ladder would likely be higher if not for housing costs, according to an international survey of 100 countries.
First buyers turn to bank of mom and dad
As Canadian house prices increase, more young first-time buyers are turning to the ‘bank of mom and dad’ for help with the down payment.
Some renovations pay off. Others not so much.
Renovation spending in Canada is $12 billion a month pace and the typical consumer is dropping more than $13,000 into the effort, according to Statistics Canada and TD Bank.
Canadian home sales drop sharply in May
According to statistics released by The Canadian Real Estate Association (CREA), national home sales posted a sizeable decline in May 2017.
Combatting the underground economy requires partnership
The CRA has produced several tools that can be used by anyone concerned about the underground economy to raise awareness of its impact and to reduce participation.
KITCHENS & BATHS:
and Ditch the Tub
The NKBA reveals top 10 trends for kitchens and bathrooms.
INNOVATIONS FOR BRICK PERFORMANCE: There’s a Lot More to Brick than Brick
Five renovators. Five very different markets. Five opinions.
COMMON CENTS CONSTRUCTION:
A Peek into the Future
This is not the construction industry you once knew. Four essential elements driving business growth.
Severe Weather and New Home Construction
Small, inexpensive changes can prevent significant damage.
TOOL TALK: What Makes a Cordless Drywall Screw Gun Shine?
Tool guru Jon Eakes takes an in-depth look at three models.
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