on the “Market Insight” section or see attached PDF.
· 37 per cent of homeowner households (approx. 1.7 million households in 10 major centres) undertook renovations in 2011. This represents about 200,000 fewer households, a slight decrease from 42 per cent in 2010.
· Only $21 billion was spent on renovations in 2011 across the 10 major centres surveyed, compared to $22.8 billion in 2010. The estimated average cost of renovations undertaken in 2011 was $13,709, an increase from $12,972 in 2010.
· Renovation intentions for 2012 are similar to the 2011 results. About 38 per cent of respondents indicated that they intend to spend $1,000 or more on home renovations by the end of 2012.
· Renovation intentions for 2012 are strongest in St. John’s, where 48 per cent of consumers indicated they plan to undertake renovations costing $1,000 or more. This is followed by Winnipeg (44 per cent) and Halifax, Ottawa and Edmonton (42 per cent each). The proportion of potential renovators is lowest in Vancouver (34 per cent), Montréal (37 per cent) and Toronto and Calgary (both at 38 per cent).
· Overall, the share of households that intend to buy a primary residence in 2012 is five per cent. Home buying intentions are strongest in Edmonton (7 per cent), Québec and Calgary (both at 6 per cent) and St. John’s and Montréal (5 per cent each). Purchase intentions in all other surveyed centres are at
four per cent.
· 37 per cent of homeowner households (approx. 1.7 million households in 10 major centres) undertook renovations in 2011. This represents about 200,000 fewer households, a slight decrease from 42 per cent in 2010.
· Only $21 billion was spent on renovations in 2011 across the 10 major centres surveyed, compared to $22.8 billion in 2010. The estimated average cost of renovations undertaken in 2011 was $13,709, an increase from $12,972 in 2010.
· Renovation intentions for 2012 are similar to the 2011 results. About 38 per cent of respondents indicated that they intend to spend $1,000 or more on home renovations by the end of 2012.
· Renovation intentions for 2012 are strongest in St. John’s, where 48 per cent of consumers indicated they plan to undertake renovations costing $1,000 or more. This is followed by Winnipeg (44 per cent) and Halifax, Ottawa and Edmonton (42 per cent each). The proportion of potential renovators is lowest in Vancouver (34 per cent), Montréal (37 per cent) and Toronto and Calgary (both at 38 per cent).
· Overall, the share of households that intend to buy a primary residence in 2012 is five per cent. Home buying intentions are strongest in Edmonton (7 per cent), Québec and Calgary (both at 6 per cent) and St. John’s and Montréal (5 per cent each). Purchase intentions in all other surveyed centres are at
four per cent.
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