Annual Calgary Home + Design Show comes to town at the perfect time

Alberta's home renovations sector is booming.

The Calgary Home + Design Show is back for its 34th year.

Seems like a match made in heaven.

Brought about by ongoing economic uncertainty, more Albertans are looking for ways to upgrade their space rather than their place. According to Statistics Canada, investment on residential renovation in the province has increased by 3.8 per cent over the first six months of 2015 to $3.1 billion.

Canadians are choosing to invest in home renovations over new home purchases

Canadian renovation activity is on the rise as the economic lull in the real estate market has left some homeowners reluctant to move, instead opting to update.

In a recent report, Scotiabank senior economist Adrienne Warren found spending on home additions, new installations and replacement of equipment rose six per cent year-over-year through the first half of 2015, with renovation spending up in most provinces and outlays on track to total $53 billion this year.

Warren said current homeowners looking to upgrade are seeing renovations as an attractive option, as industrial price inflation for many renovation-related construction materials, equipment and household goods – such as kitchen cabinets, appliances and furniture – remain consistent.

Why some Calgarians are choosing to stay put 

Our homes are our hearts. They are where we live, where we love, where we raise our families and where we make memories.

And as with all aspects of life, the heart wants what it wants. In many cases, this means a change.

However, instead of packing up our lives in boxes and moving to a new space, many Calgarians are opting to stay put and renovate instead, says Susan Rust of Susan Rust Interior Design.
Emotionally, many homeowners feel connected and sentimental to their existing home.

"They may have great friends and neighbours in the area and feel connected to the neighbourhood," said Rust.