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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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