Canada’s Housing Market 2020: Is Now the Best Time to Renovate?

The Greater Toronto Area has seen unprecedented rises in prices of homes, condos, and property in the past years. Seemingly overnight, the average price of a home in the GTA has exceeded half a million dollars, according to Global News. As a result, homeowners are stuck in what been called a “housing gridlock” that has prevented moves and spurred a sudden growth in the interest in renovation. Canadians Invest More in Renovations In lieu of the events of the past few years, we’ve seen a steady increase in the rate that homeowners invest in home renovation. Recent 2019 polls suggested that…