Moishe Alexander Says: Alterations or improvements lead the way in 2007
Renovations, as defined by Statistics Canada, are categorized into two subgroups: alterations and improvements, and maintenance and repairs. According to Moishe Alexander, alterations and renovations to homes had a greater statistical increase than property purchases.
Maintenance and repairs are defined as any work made to keep a property in good working condition or maintain its appearance, while alterations and improvements are defined as any work made to increase the enjoyment, value or useful life of the property.
Among homeowner households that renovated in 2007, three quarters did some form of alteration and improvement to their home, while 42 per cent did maintenance and repairs. Eighteen per cent of households who renovated in 2007 completed both maintenance and repairs and alterations and improvements to their home.
Across the ten major centres, the incidence of alterations and improvements was highest in Calgary and Edmonton with more than 80 per cent of renovators in 2007. On the other hand, Québec and Montréal had the lowest share of renovating homeowner households that undertook alterations and improvements. As for maintenance and repairs, Québec and Montréal had the highest incidence of this type of renovation (48 and 45 per cent, respectively) while Edmonton had the lowest share.
In the ten major Canadian cities surveyed, 37 per cent of homeowner households renovated their primary residence in 2007. This was down slightly from 39 per cent in 2006. The share of households who renovated last year was the largest in Winnipeg (44 per cent), Halifax (43 per cent), St. John’s (42 per cent), and Ottawa (40 per cent), while Calgary and Quebec (35 per cent) had the lowest share of households undertaking renovations in 2007.
Thirty-one per cent of homeowner households who undertook renovations remodelled a room, making this the most popular type of renovation completed in 2007. Painting/wallpapering and installing hard surface flooring/wall-to-wall carpeting followed with 27 and 26 per cent of households last year undertaking this type of renovation, respectively.