For five years running, HomeStars has released its anticipated annual Reno Report based on a national survey of Canadian homeowners who have renovated in the past 12 months. It also looks to the future and intentions to renovate in the next year.
“We are seeing quite a few new and emerging trends in 2023 – from weather-related emergency repairs to the future of multi-generational living,” says Shir Magen, CEO of HomeStars. “While overall spending is down from last year, due to inflation and rising interest rates, the majority of homeowners surveyed are still planning to renovate.”
The report also examines Canada’s favourite home design aesthetic, most desirable home location in the country, the demise of the fixer-upper, sustainable renovations, neighbour disputes over renovations and more.
Highlights include:
For additional findings on laneway homes, smart home features and how trust impacts hiring service providers, visit the 2023 HomeStars Reno Report here.