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Stories Tagged - bathrooms
News
Sept. 05, 2017 | Kathleen Renne
Home improvement
Alberta's most popular renovation projects
Canadians spent nearly $53 billion on renovations throughout 2016, according to Statistics Canada. And throughout the first quarter of this year, Canadians have already spent more than $12 billion on renovations.
According to ATB Financial's Economics and Research Team, home renovations in Alberta alone hit "a record high" of $1.78 billion during the first three months of 2017.
So, just where are Canadians – and Albertans, specifically – spending their renovation dollars?
Canadians spent nearly $53 billion on renovations throughout 2016, according to Statistics Canada. And throughout the first quarter of this year, Canadians have already spent more than $12 billion on renovations.
According to ATB Financial's Economics and Research Team, home renovations in Alberta alone hit "a record high" of $1.78 billion during the first three months of 2017.
So, just where are Canadians – and Albertans, specifically – spending their renovation dollars?
News
July 27, 2017 | Geoff Geddes
Renovation returns
Will a home makeover make you money?
There are many motivations for renovating a home: expanding the space, upgrading the look or even making the neighbours jealous. While they're all valid, the hope to enrich a house's value along with its appearance is one reason that's often cited. And though there's nothing wrong with that on the surface, it's important to dig deeper to see if a higher home value is really in the cards before taking the renovation plunge.
"It really depends on the type and purpose of the renovation," said Greg Macdonald, president and founder of Sage Appraisals in Calgary and a 23-year veteran of the appraisal business.
"I stress to people that the cost of improvements won't always equal the increase in market value. Developing your basement might give you a 50- to 75-per-cent return and the payoff for landscaping is minimal. With certain unique items, like pools, your return will be next to nothing."
There are many motivations for renovating a home: expanding the space, upgrading the look or even making the neighbours jealous. While they're all valid, the hope to enrich a house's value along with its appearance is one reason that's often cited. And though there's nothing wrong with that on the surface, it's important to dig deeper to see if a higher home value is really in the cards before taking the renovation plunge.
"It really depends on the type and purpose of the renovation," said Greg Macdonald, president and founder of Sage Appraisals in Calgary and a 23-year veteran of the appraisal business.
"I stress to people that the cost of improvements won't always equal the increase in market value. Developing your basement might give you a 50- to 75-per-cent return and the payoff for landscaping is minimal. With certain unique items, like pools, your return will be next to nothing."
News
Nov. 13, 2015 | Rachel Naud
Renos vs. moving
Why some Calgarians are choosing to stay put
Our homes are our hearts. They are where we live, where we love, where we raise our families and where we make memories.
And as with all aspects of life, the heart wants what it wants. In many cases, this means a change.
However, instead of packing up our lives in boxes and moving to a new space, many Calgarians are opting to stay put and renovate instead, says Susan Rust of Susan Rust Interior Design.
Emotionally, many homeowners feel connected and sentimental to their existing home.
"They may have great friends and neighbours in the area and feel connected to the neighbourhood," said Rust.
Our homes are our hearts. They are where we live, where we love, where we raise our families and where we make memories.
And as with all aspects of life, the heart wants what it wants. In many cases, this means a change.
However, instead of packing up our lives in boxes and moving to a new space, many Calgarians are opting to stay put and renovate instead, says Susan Rust of Susan Rust Interior Design.
Emotionally, many homeowners feel connected and sentimental to their existing home.
"They may have great friends and neighbours in the area and feel connected to the neighbourhood," said Rust.
News
July 26, 2015 | CREBNow
Canadians ante up for home renos
Renovations outpacing new home construction
Canadians spent more on improving homes in 2014 than they did on building new ones, according to a new report by real estate consultant Altus Group.
Spending in Canada reached an estimated $67.8 billion in 2014, reported Altus. In comparison, Canadians spent just $48 billion on new home construction during the same year.
While the number represents a 3.2 per cent increase over 2013, it pales in comparison to the 8.7 per cent annual averages that were seen from 2000 to 2007. Over the last seven years, renovation spending has levelled off to an average increase around three per cent.
Canadians spent more on improving homes in 2014 than they did on building new ones, according to a new report by real estate consultant Altus Group.
Spending in Canada reached an estimated $67.8 billion in 2014, reported Altus. In comparison, Canadians spent just $48 billion on new home construction during the same year.
While the number represents a 3.2 per cent increase over 2013, it pales in comparison to the 8.7 per cent annual averages that were seen from 2000 to 2007. Over the last seven years, renovation spending has levelled off to an average increase around three per cent.
