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Ever wonder what your fellow Canadians are doing when it comes to home improvements and real estate spending? Now, we've got answers. Recently, HomeStars shared key findings in their first-ever renovation report. From home trends to snapshots of typical Canadian homes, it all gets broken down for you.
Renovations
You'll Be Surprised by the Latest Home Improvement Trends in Canada
September 24, 2019
Ever wonder what your fellow Canadians are doing when it comes to home improvements and real estate spending? Now, we've got answers. Recently, HomeStars shared key findings in their first-ever renovation report. From home trends to snapshots of typical Canadian homes, it all gets broken down for you.
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A Real Fixer-Upper
1/11A Real Fixer-Upper
1/11Photo Credit: Getty Images
According to <a href="https://homestars.com/" rel="nofollow noopener noreferrer" target="_blank">HomeStars</a>, 57 per cent of Canadian homeowners completed between one to two small repairs on their homes in the last calendar year, while another 36 per cent finished between three to 10 repairs. In terms of money spent, 24 per cent shelled out somewhere in the ballpark of $5,000 and $20,000. <br><br> Related: <a href="https://www.hgtv.ca/cleaning-and-organization/photos/how-to-fix-leaky-faucet-home-nuisances-1917918/" rel="noopener noreferrer" target="_blank">How to Fix a Leaky Faucet (And 10 More Quick Home Repairs)</a>RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaA Real Fixer-Upper
PHOTO 1 of 11READ LESS -According to <a href="https://homestars.com/" rel="nofollow noopener noreferrer" target="_blank">HomeStars</a>, 57 per cent of Canadian homeowners completed between one to two small repairs on their homes in the last calendar year, while another 36 per cent finished between three to 10 repairs. In terms of money spent, 24 per cent shelled out somewhere in the ballpark of $5,000 and $20,000. <br><br> Related: <a href="https://www.hgtv.ca/cleaning-and-organization/photos/how-to-fix-leaky-faucet-home-nuisances-1917918/" rel="noopener noreferrer" target="_blank">How to Fix a Leaky Faucet (And 10 More Quick Home Repairs)</a>Photo Credit: Getty Images
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A Total Overhaul
2/11A Total Overhaul
2/11Photo Credit: Getty Images
Out of the homeowners who braced themselves for much larger home projects, 57 per cent did only one or two major <a href="https://www.hgtv.ca/bryan-baeumler/photos/bryan-baeumler-says-to-ask-before-starting-a-renovation-1926093/" rel="noopener noreferrer" target="_blank">renovations</a>, with 26 per cent spending an average of $5,000 to $20,000. Of those, 77 per cent of all homeowners reported that they had cash on hand for covering materials and contractors.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaA Total Overhaul
PHOTO 2 of 11READ LESS -Out of the homeowners who braced themselves for much larger home projects, 57 per cent did only one or two major <a href="https://www.hgtv.ca/bryan-baeumler/photos/bryan-baeumler-says-to-ask-before-starting-a-renovation-1926093/" rel="noopener noreferrer" target="_blank">renovations</a>, with 26 per cent spending an average of $5,000 to $20,000. Of those, 77 per cent of all homeowners reported that they had cash on hand for covering materials and contractors.Photo Credit: Getty Images
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Dishing out the Dough
3/11Dishing out the Dough
3/11Photo Credit: Getty Images
This year, it turns out Alberta was the province with the highest percentage of home renovations costing more than $50,000. Find out <a href="https://www.hgtv.ca/real-estate/photos/where-to-buy-house-canada-2019-1925822/" rel="noopener noreferrer" target="_blank">where you should buy a house in Canada in 2019</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaDishing out the Dough
PHOTO 3 of 11READ LESS -This year, it turns out Alberta was the province with the highest percentage of home renovations costing more than $50,000. Find out <a href="https://www.hgtv.ca/real-estate/photos/where-to-buy-house-canada-2019-1925822/" rel="noopener noreferrer" target="_blank">where you should buy a house in Canada in 2019</a>.Photo Credit: Getty Images
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Digging Into Finances
4/11Digging Into Finances
4/11Photo Credit: Getty Images
According to the report, the majority of Canadians – 88 per cent, to be exact – thoroughly research price points before hiring home service professionals for major renovations. Not sure when to hire the job out? Check out <a href="https://www.hgtv.ca/renovations/photos/house-renovations-that-require-a-professional-mike-holmes-1919407/" rel="noopener noreferrer" target="_blank">these projects that <em>always</em> require a professional</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaDigging Into Finances
PHOTO 4 of 11READ LESS -According to the report, the majority of Canadians – 88 per cent, to be exact – thoroughly research price points before hiring home service professionals for major renovations. Not sure when to hire the job out? Check out <a href="https://www.hgtv.ca/renovations/photos/house-renovations-that-require-a-professional-mike-holmes-1919407/" rel="noopener noreferrer" target="_blank">these projects that <em>always</em> require a professional</a>.Photo Credit: Getty Images
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Bathroom Woes
5/11Bathroom Woes
5/11Photo Credit: Lauren MillerSource: lauren-miller.com
When broken down room-by-room, bathrooms won the battle (at 24 per cent) among Canadian homeowners when it came to major home renovation plans in the next 12 months. Just be sure to take heed of these <a href="https://www.hgtv.ca/bathrooms/photos/bathroom-renovation-mistakes-1919991/" rel="noopener noreferrer" target="_blank">major mistakes to avoid when renovating your bathroom</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaBathroom Woes
PHOTO 5 of 11READ LESS -When broken down room-by-room, bathrooms won the battle (at 24 per cent) among Canadian homeowners when it came to major home renovation plans in the next 12 months. Just be sure to take heed of these <a href="https://www.hgtv.ca/bathrooms/photos/bathroom-renovation-mistakes-1919991/" rel="noopener noreferrer" target="_blank">major mistakes to avoid when renovating your bathroom</a>.Photo Credit: Lauren MillerSource: lauren-miller.com
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Kitchen Shake-Up
6/11Kitchen Shake-Up
6/11Photo Credit: Lauren KolynSource: laurenkolyn.com
Coming in a close second at 20 per cent, kitchens are next on many homeowners' renovation to-do lists. Concerned about money? Fear not, because it's totally possible to <a href="https://www.hgtv.ca/kitchens/photos/bryan-baeumler-save-money-kitchen-remodel-1921882/" rel="noopener noreferrer" target="_blank">save money on your kitchen remodel</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaKitchen Shake-Up
PHOTO 6 of 11READ LESS -Coming in a close second at 20 per cent, kitchens are next on many homeowners' renovation to-do lists. Concerned about money? Fear not, because it's totally possible to <a href="https://www.hgtv.ca/kitchens/photos/bryan-baeumler-save-money-kitchen-remodel-1921882/" rel="noopener noreferrer" target="_blank">save money on your kitchen remodel</a>.Photo Credit: Lauren KolynSource: laurenkolyn.com
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A Piece of History
7/11A Piece of History
7/11Photo Credit: Lauren KolynSource: laurenkolyn.com
More than half of Canadians (62 per cent) live in a home built between 1950 and 1999. Check out these <a href="https://www.hgtv.ca/renovations/photos/bryan-baeumler-tips-old-home-1911241/" rel="noopener noreferrer" target="_blank">must-know tips for renovating an old house</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaA Piece of History
PHOTO 7 of 11READ LESS -More than half of Canadians (62 per cent) live in a home built between 1950 and 1999. Check out these <a href="https://www.hgtv.ca/renovations/photos/bryan-baeumler-tips-old-home-1911241/" rel="noopener noreferrer" target="_blank">must-know tips for renovating an old house</a>.Photo Credit: Lauren KolynSource: laurenkolyn.com
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Detached Homes
8/11Detached Homes
8/11Photo Credit: Lauren MillerSource: lauren-miller.com
A whopping 79 per cent of Canadians live in a detached home. But, don't fret: there are plenty of ways to <a href="https://www.hgtv.ca/shows/save-my-reno/photos/expansive-urban-oasis-1923784/" rel="noopener noreferrer" target="_blank">turn a narrow semi-detached home into an expansive urban oasis</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaDetached Homes
PHOTO 8 of 11READ LESS -A whopping 79 per cent of Canadians live in a detached home. But, don't fret: there are plenty of ways to <a href="https://www.hgtv.ca/shows/save-my-reno/photos/expansive-urban-oasis-1923784/" rel="noopener noreferrer" target="_blank">turn a narrow semi-detached home into an expansive urban oasis</a>.Photo Credit: Lauren MillerSource: lauren-miller.com
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A Cool Million
9/11A Cool Million
9/11Photo Credit: Tracey AytonSource: www.traceyaytonphotography.com
Of those polled, 91 per cent live in homes worth less than one million dollars. So that should help make you a little less envious when reading about <a href="https://www.hgtv.ca/real-estate/photos/worlds-most-expensive-homes-who-owns-them-1910668/" rel="noopener noreferrer" target="_blank">the world's most expensive houses – and who owns them</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaA Cool Million
PHOTO 9 of 11READ LESS -Of those polled, 91 per cent live in homes worth less than one million dollars. So that should help make you a little less envious when reading about <a href="https://www.hgtv.ca/real-estate/photos/worlds-most-expensive-homes-who-owns-them-1910668/" rel="noopener noreferrer" target="_blank">the world's most expensive houses – and who owns them</a>.Photo Credit: Tracey AytonSource: www.traceyaytonphotography.com
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Spending Forecast
10/11Spending Forecast
10/11Photo Credit: Getty Images
With regards to the spending forecast, the survey found the majority of homeowners plan to spend as much or more on their homes in the next year as they did in the last. Millennials are the most vocal in the group, with 74 per cent saying they will spend just as much money on both small and major projects. That being said, it appears that <a href="https://www.hgtv.ca/real-estate/photos/why-63-of-millennial-homebuyers-regret-buying-their-home-1931809/" rel="noopener noreferrer" target="_blank">63 per cent of millennial homebuyers regret buying their homes</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaSpending Forecast
PHOTO 10 of 11READ LESS -With regards to the spending forecast, the survey found the majority of homeowners plan to spend as much or more on their homes in the next year as they did in the last. Millennials are the most vocal in the group, with 74 per cent saying they will spend just as much money on both small and major projects. That being said, it appears that <a href="https://www.hgtv.ca/real-estate/photos/why-63-of-millennial-homebuyers-regret-buying-their-home-1931809/" rel="noopener noreferrer" target="_blank">63 per cent of millennial homebuyers regret buying their homes</a>.Photo Credit: Getty Images
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Staying Put
11/11Staying Put
11/11Photo Credit: Getty Images
All of these stats make a whole lot of sense when paired with the fact that Canadians are planning on staying in their homes for the foreseeable future – in fact, only a mere nine per cent are considering selling in the next 12 months. If you happen to be a part of that small percentage, <a href="https://www.hgtv.ca/real-estate/photos/how-long-take-to-sell-home-in-canada-1930417/" rel="noopener noreferrer" target="_blank">here's how long it'll take to sell a home in these 20 Canadian markets</a>.RenovationsYou'll Be Surprised by the Latest Home Improvement Trends in CanadaStaying Put
PHOTO 11 of 11READ LESS -All of these stats make a whole lot of sense when paired with the fact that Canadians are planning on staying in their homes for the foreseeable future – in fact, only a mere nine per cent are considering selling in the next 12 months. If you happen to be a part of that small percentage, <a href="https://www.hgtv.ca/real-estate/photos/how-long-take-to-sell-home-in-canada-1930417/" rel="noopener noreferrer" target="_blank">here's how long it'll take to sell a home in these 20 Canadian markets</a>.Photo Credit: Getty Images
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