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Renovation Nation: Canadians use their
home equity to feather their nests
January
2006
(NC)-More than a decade ago, trend-spotters began to tell
us about the future trend of "cocooning". They predicted that decorating
magazines, home renovation businesses and luxury home fashions and
furnishings would see a big boom.
And they were right! Canadians have come home en masse:
to work, to play, to socialize and to retreat. Not surprisingly, they are
re-shaping their homes to accommodate their new passion for home life.
Canada has become the renovation nation, with sales in home improvement
expected to reach $38 billion this year, an amount that is growing at
approximately 10% each year.
One of the things fuelling renovation fever is today's
attractive financing. Mortgage rates are at historic lows, and Canadians are
leveraging the equity in their homes to finance the upgrades.
If you're considering an expensive renovation, a mortgage
professional like one of the 800 plus Mortgage Intelligence consultants
across the country can analyze your situation and outline your financing
options. Garden gazebo, rejuvenated kitchen or whatever your dream is, why
not make it a reality?
Information provided by Mortgage Intelligence. For more
information: www.mortgageintelligence.ca
or 1-877-308-4892 | 
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