Reno vision - MoneySense

Reno vision

Are you among the 40% of Canadians planning a home reno? What you should know and more in the daily roundup.

  • Four in 10 Canadian homeowners are planning major home renovations in the next two years, according to a new poll for Scotiabank. A full one-third said they’ll redo their kitchen while 16% will renovate a bathroom. The majority plan to save up the cash to get the job done while others will use a line of credit. Read the “Home renovation reality check” from the February/March issue of MoneySense for tips on how to plan a smooth reno. While you’re at it, try the bank’s Home Energy Savings Calculator. It’ll suggest money-saving, eco-friendly upgrades and calculate the break-even point for you.
  • The average wedding and honeymoon in Canada costs $32,358, according to Wedding Bells magazine. Some 38% of newly engaged couples are willing to go into debt to finance the big day, according to TD. The bank has some ideas on where and how to save in this infographic.
  • Check out Golden Girl Finance’s 5 things you’re paying too much for—and one you probably aren’t.