Spending on renovations outpaces new home construction

More money was spent renovating homes in Canada than building new ones during the 12 months to the end of June, according to data compiled by the Bank of Montreal. “In the four quarters through [the second quarter], renovation activity outpaced investment in new residential construction $48.4-billion to $46.3-billion, as the latter has rolled over […]

Canadian real estate and housing boom may be ending, Scotiabank warns – Consult with a Vancouver Mortgage Broker

Canadian real estate and housing boom may be ending, Scotiabank warns ‘More subdued trajectory’ over coming years could impact jobs, renovation industry and consumer confidence, bank report warns. By: Susan Pigg Business Reporter, Published on Wed Apr 16 2014   Boom times are over for Canada’s housing sector and the impact of “a more subdued trajectory” will be […]