Canadians are ready to start spending again

TORONTO — A new survey reveals that four in 10 Canadian homeowners are planning some type of renovation this year, and they plan to spend more money on those projects. The poll, conducted for CIBC by Nielsen, found that 40% of Canadian homeowners plan to renovate their home in the next 12 months, a figure comparable to last year’s findings, when 39% planned to make renovations. The average expenditure will be $19,754, up 29% from CIBC’s 2013 poll, when the average was $15,300.

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