Reno boom!

Canadians are on track to spend $53 billion on renovation projects this year. Scotiabank recently reported that spending on renovations was up by six per cent as Canadian homeowners seize the opportunity presented by historically low interest rates to enhance the comfort and enjoyment of their home, while boosting its value. Many are doing a “reno and roll”: rolling the cost of their renovation into their low-rate mortgage. The end result is an upgraded home using the lowest cost funds.  If you’ve owned your home for a few years, chances are, with some expert refinancing advice, you too could launch your own ‘reno & roll’ project. Talk to the team at MiMortgage.ca and get started on building a smart financial plan for your dream renovation in 2016!