Six Million Dollar Home Renovation - Sign of the Times

Some were jealous and others were left gaspingimprovement and home renovations has been steadily
when word of the $6 million home renovation inincreasing for the past dozen years. In general, home
Vancouver hit the streets. each doorknob in the houseare aging, and most homeowners would much rather
cost $500 and each of the nine toilets were not onlyfix up their homes than to rebuild or buy new. Most
electronic, but each cost $4,000.renovations are done with the intentions of improving
The story of the renovation of the ultra-customizedthe quality of the living environment, not to affect the
home, along with over 300 attendees of the Greatervalue of the home.
Vancouver Home Builders' Association's homeThe $6 million home renovation is the story of a
renovation seminar, are signs that not all parts of thehusband and wife and their two aging children, who
economy are miserable.are each older than 20. The family wanted to restore
While other sectors of the economy have slowed, thetheir original house to its former glory, and then some.
$7 billion a year renovation industry continues to gainInteresting to see that so many real estate properties
ground, especially in the Lower Mainland where twoin Vancouver are being chosen for renovating instead
out of every three reno-dollars.of demolition. This is a trend that I don't see changing
Simpson, CEO of the Greater Vancouver Homeanytime soon.
Builders' Association, says that the market for home