More homeowners using cash to fund renovation projects

(Source: The Star)

Fewer Ontarians are planning renovations over the next two years compared to a year ago, according to a survey.

The recession is likely one reason, with consumers having less disposable income. But a federal renovation tax credit may also have encouraged some of those consumers to complete projects this year, instead of in the future.

Read Tony Wong’s full article “Fewer Ontarians planning home renovations: Survey” in the Toronto Star (October 21, 2009).

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