Renovations Beat Out Home Sales

After a year of the pandemic, Canadian homeowners are more likely to plan renovations than buy and sell their current property or purchase an investment home, despite an active housing market, says a Scotiabank poll. Six in 10 are planning to renovate in the next two years, with backyards, kitchens, and bathrooms topping the list. Among those planning renovations, one in four are looking to start in the next six months.