Over half of Canadian homeowners are planning renovations after a year of the pandemic

After a year of the pandemic, Canadian homeowners are more likely to plan renovations than buy and sell their current property or purchase an investment home, despite an active housing market, a Scotiabank poll revealed.¬†Six in ten Canadian homeowners are planning to renovate in the next 2 years, with backyards, kitchens and bathrooms topping the […]

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National Caregiver Day: New Study Shows COVID-19 Increasing Demands on Canadian Caregiver

Today, on National Caregiver Day, we recognize the eight million Canadians who are caring for their family and friends. Bringing awareness to the crucial role caregivers’ play, while shedding light on their unique challenges and unmet needs. This year, supporting Canadian caregivers is more important than ever as the COVID-19 pandemic has created additional pressures, […]

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Canadians invest in home renovations to improve their quality of life, not to add value to their home

A new report by RE/MAX Canada is shedding light on shifting consumer trends in home renovations and the perceived return on investment (ROI), as impacted by COVID-19 and historically tight market conditions. The RE/MAX 2021 Renovation Investment Report found that more than half of Canadians renovated their home last year for personal/non-ROI purposes, with three-in-ten (29 per cent) choosing to […]

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2020 Housing Market Strength During COVID-19 to Continue into 2021 and Beyond

Mortgage Professionals Canada (MPC) released its annual report on the State of the Residential Mortgage Market. Canada experienced a turbulent year in 2020 as a result of COVID-19, but shifts in home-use habits and low interest rates contributed to the resulting strong market activity all across the country. The report was written by MPC’s Chief Economist Will Dunning, incorporating […]

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