This statistic displays different ways which homeowners plan to fund future renovation projects in Canada, as of May 2019, broken down by payment method. Some 58 percent of survey respondents stated that they plan to use cash or savings to fund their next home improvement project.
How homeowners plan to fund future renovation projects in Canada as of May 2019
Characteristic
Share of respondents
Cash or savings
58%
Will borrow to cover costs
34%
Other/don't know
8%
0%5%10%15%20%25%30%35%40%45%50%55%60%65%
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Canadian Imperial Bank of Commerce. (June 4, 2019). How homeowners plan to fund future renovation projects in Canada as of May 2019 [Graph]. In Statista. Retrieved May 10, 2025, from https://www.statista.com/statistics/932832/how-homeowners-fund-renovation-projects-canada/
Canadian Imperial Bank of Commerce. "How homeowners plan to fund future renovation projects in Canada as of May 2019." Chart. June 4, 2019. Statista. Accessed May 10, 2025. https://www.statista.com/statistics/932832/how-homeowners-fund-renovation-projects-canada/
Canadian Imperial Bank of Commerce. (2019). How homeowners plan to fund future renovation projects in Canada as of May 2019. Statista. Statista Inc.. Accessed: May 10, 2025. https://www.statista.com/statistics/932832/how-homeowners-fund-renovation-projects-canada/
Canadian Imperial Bank of Commerce. "How Homeowners Plan to Fund Future Renovation Projects in Canada as of May 2019." Statista, Statista Inc., 4 Jun 2019, https://www.statista.com/statistics/932832/how-homeowners-fund-renovation-projects-canada/
Canadian Imperial Bank of Commerce, How homeowners plan to fund future renovation projects in Canada as of May 2019 Statista, https://www.statista.com/statistics/932832/how-homeowners-fund-renovation-projects-canada/ (last visited May 10, 2025)
How homeowners plan to fund future renovation projects in Canada as of May 2019 [Graph], Canadian Imperial Bank of Commerce, June 4, 2019. [Online]. Available: https://www.statista.com/statistics/932832/how-homeowners-fund-renovation-projects-canada/
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