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House renovationsCityNews
•Business
Business & Economics
74% Informative
Experts say Canadians are increasingly turning to financing options to fund their home renovation projects.
The risks of taking out a loan for such projects include taking on debt, which homeowners need to be sure they can afford to repay based on their income level and career stage.
Homeowners starting a reno project should be prepared for both expected and “not-so-fun surprise” costs.
For Singh , that potential payoff is the key factor he discusses with clients when considering financing options for a project. “Is the renovation they are doing going to add value to their property?” he said. “Because if it’s not adding value to the property, and they’re not going to get that money back when they’re looking to sell their house, it might not be worth it.” This report by The Canadian Press was first published Feb. 27, 2025 . Sammy Hudes , The Canadian Press .
VR Score
74
Informative language
71
Neutral language
57
Article tone
informal
Language
English
Language complexity
44
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
1
Source diversity
1
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