The recently introduced Home Renovation Tax Credit for 2009 was cited by 42 per cent of potential first - time buyers as either «very likely» or «somewhat likely» to impact their purchasing decision. (remonline.com)
Statistics Canada reports that spending on home repairs and maintenance increased 22 % in 2009 over the previous year, «likely due to the federal government home renovation tax credit program.» (canadianbusiness.com)
Canadian homeowners are less likely to renovate their homes now that the federal government has eliminated the popular home renovation tax credit, according to a new BMO - commissioned survey. (moneysense.ca)