Cash-out Refinancing For Renovations

According to Statistics Canada, spending on residence renovations elevated by 66% from February 2021 to June 2021. The increase in spending is most likely going as a end result of, with more time spent at home, householders could use the money they saved not traveling on home improvement projects. In 2019, 57% of homeowners in Canada had completed one or two small tasks or repairs in their houses. During the same year, 36% of Canadians had finished between three and ten DIY projects.

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