- François Dupuis, Vice-President and Chief Economist • Joëlle Noreau, Senior Economist
Renovations transitioning from a nomadic way of life to a more settled one
Quebecers are known to be the Canadians who move house most often as summer approaches. But now they seem to have found a way to change their decor without changing their address, based on growing renovation spending in recent years. Are Quebecers switching from a nomadic lifestyle to a more settled one? It’s hard to say; but there are many reasons for carrying out renovations, and the sums of money involved are considerable. The factors supporting this activity are still with us, and chances are that Quebecers will keep renovating in the years to come, and that the monetary value of renovation spending will keep rising in 2014 and 2015, eventually surpassing $16B annually.
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