Curious about what remodeling costs and estimates are like in Canada? A new study is providing more insight into what it’s like to remodel homes across the border. According to information from the Remodeling Sentiment Survey conducted by Moen Faucets, Canadian homeowners are more likely to dedicate themselves to remodeling their home instead of relocating to a new home as an alternative.
Over 80 percent of the 1200 Canadian homeowners that participated in the survey were able to report at least one home improvement project that they had worked on within the past year. This is a similar percentage to information from previous years, where 65 percent of participants reported the completion of additional home improvement tasks. 78 percent of individuals who were surveyed said that they plan to work on one or more home improvement projects in the next six months.
Moen had some additional information to provide. The value of these home improvement projects started increasing over a year ago based on information from the survey. Canadian homeowners spend around an average of $16,350 on their home improvement projects based on the estimates from the past 12 moments. This is in comparison to the $15,830 that was estimated for the previous year.
Most Canadian homeowners are planning on spending more on their remodeling projects in the upcoming six months than they had originally planned around a year ago. They expect to spend the most money on their kitchen remodels. However, although they expect that they will spend the most on remodeling their kitchen, the estimated price for these remodels hasn’t changed; most believe that they will spend around $2000.