Canadian home renovation spending down

Moneyville: Section Lineup Real Estate
29 June, 2011 5:29 PM
by Tony Wong

Canadian home renovation spending down

Tony Radocchia says business is down about 20 per cent this year over last year for his Woodbridge-based Ambia Windows and Doors Inc., as high household debt and affordability are taking a toll on the renovation sector.

Canadians are spending more on average for renovations, but fewer of them intend to renovate in 2011 than in 2010.

moneyville realestate

Brandon Lee
Cell. 416-471-0353, Salesperson
HomeLife Bayview Realty Inc. Brokerage
General Manager, OKOREA
Ontario Korean Real Estate Association

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