DIY - Canada - December 2015
The DIY home renovation market in Canada is one that is growing and is projected to stay on a stable path in the coming years. Prospects for continued growth look good as the emerging generation of new DIYers, which will be heavily influenced by Millennials who are likely to become home owners in the next several years. High household debt and rising house prices in major urban centres in Canada will benefit the DIY market, as homeowners are cautious with their next big housing move, putting off a new home to instead invest their time into undertaking renovations themselves.
This report looks at the following areas:
- High household debt and house prices are affecting the DIY market
- Millennials moving into prime DIY years
- Big-box home centres dominate DIY retail landscape
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