Renovation Spending Across 10 Major Centres Up by $2 Billion in 2007

OTTAWA, Ontario, May 22, 2008 — An estimated 1.5 million households in 10 major Canadian centres surveyed indicated they completed renovations last year that cost an average of more than $12,800, according to the Renovation and Home Purchase Survey released today by Canada Mortgage and Housing Corporation (CMHC).