A survey conducted for The Globe and Mail has found that Canadians are spending more money on their homes and garden than at any point in the last 20 years.
The survey, conducted by the Fraser Institute’s Centre for Public Policy, found that a quarter of Canadians are still paying more for their home than they used to, up from 23 per cent in 2005.
That’s compared to 16 per cent of Canadians in the 1970s, and 12 per cent 30 years ago.
As part of its analysis of the survey, the institute asked Canadians about their spending habits.
The research found that over the last year, Canadians are buying an average of $15,000 more for the average size of their home, a 4.7 per cent increase from last year.
This is even though home ownership rates have remained relatively flat, according to the survey.
In fact, the number of people with a mortgage has doubled since last year and has grown by 10 per cent, with half of those households spending more than they did a year ago.
However, that’s still a relatively modest amount compared to other measures of household income.
A recent Statistics Canada report on home ownership, however, revealed that while Canadians are paying more than ever for their homes, they are still spending less than they were before.
In 2015, a total of $18.4 billion was spent on home repairs, maintenance, and repairs on the home.
That number rose to $21.4 per household in 2016, the year before the survey began.
For the past three years, the average Canadian household had spent $28,800 on a home renovation, according the survey results.
As the study found, that includes $23,400 spent on the purchase of a home in the past year.
However that figure does not include the cost of home maintenance and repair, or any additional cost for repairs that the survey doesn’t include.
A spokesperson for The Fraser Institute told The Globe that the average cost of buying a home has risen by just 4.1 per cent over the past five years.
This figure includes inflation, the fact that home prices have been increasing at an average annual rate of about 10 per of inflation since 2006, and the fact there have been more people in the workforce.
The spokesperson said that the increase in the average price of a single-family home in 2016 was partly driven by an increase in sales prices, which has led to more Canadians choosing to buy a home.
“The price of new home construction is a significant factor driving this increase,” the spokesperson said.
The increase in price also comes as the number and size of new residential construction projects have soared in recent years.
According to the government’s latest data, the median number of homes built in Canada rose from 7.2 per cent at the end of 2016 to 8.2 percent at the beginning of 2018.
As of this year, there were over 1.1 million new residential homes built across Canada, with an average price tag of $1.6 million.
According the survey data, Canadians have also been buying more expensive homes in recent months.
In 2016, home sales rose 9.6 per cent from the year prior, and average home prices increased 6.7 percent.
At the same time, average prices have fallen over the course of the past 10 years.
By contrast, average home values in the provinces of Alberta and Saskatchewan have both increased by almost 12 per and 8 per per per cent respectively over the same period.
While the increase on the residential side has been more dramatic, it hasn’t been as dramatic as the increase seen in the housing market overall.
According The Globe’s survey results, a third of Canadians say they are more concerned about the economic environment than the housing crisis in the United States.
Another quarter of respondents said they are less concerned, but still feel a sense of anxiety.
The Angus Reid Institute conducted a survey in June 2018 with 1,872 Canadian adults aged 18 and over, and has a margin of error of plus or minus 3.5 percentage points 19 times out of 20.
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