Renovation boom with older homeowners aided by stay-at-home adult children, according to CMHC

TORONTO — It’s hard to downsize when your adult children are still living at home, a situation proving to be a key factor in the booming renovation market.
Canada Mortgage and Housing Corp. said in a report Tuesday that young adults staying home longer have persuaded parents in the 55-64 cohort to pour more money into their aging homes to create more space rather than put the house up for sale.  more details....

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