While businesses across Canada have felt the effects of the COVID-19 pandemic, one industry has bounced back faster than expected. The home renovation industry has been surging over the past year, with the main driver of this boom being the pandemic itself. With Canadians forced to spend more time at home due to travel restrictions and lockdown orders, they’ve had the opportunity to focus on what might be improved within their homes.
If you’re considering a career as a home renovation technician, your skills will be in demand in the coming years as Canadians continue to invest in home renovation projects. Read on to discover more about the trends dominating Canada’s home renovation industry, and the impact that this growth may have on your future career.
Professionals with Home Renovation Training Have Been in Demand Since the Pandemic
Even before the pandemic hit, home renovations were hitting record highs across Canada. With the initial arrival of COVID-19, many home renovation projects were put on pause as Canadians cut their spending in anticipation of an economic downturn. However, as the months dragged on, more and more Canadians either opted to move ahead with their renovations or decided to begin new projects that they hadn’t considered prior to the pandemic.
If you want to become a home renovation technician, it’s important to note that about one in two Canadians are either planning to or have already completed a home renovation during the pandemic. Today, the home renovation industry is experiencing a major resurgence, and the prolonged uncertainty surrounding the pandemic has only made growth in this industry more certain.
Why Canadians Want to Begin their Renovations Now
The COVID-19 pandemic imposed more restrictions on the free movement of Canadians than ever before. Many professionals found themselves working from home, their children attending school online, and their vacations cancelled. However, for those with home renovation training, these new obstacles provide more opportunities for revenue.
Homeowners are placing increasing importance on creating a home that they want to spend more time in–whether that means upgrading their home office, putting in a new patio, or adding an extra wing to their home for recreation. In fact, 80% of Canadians cited comfort as the main reason for undergoing a home renovation. Canadians want their homes to be as livable as possible, and with the extra time that the pandemic has afforded them, they’re able to sit down and think about the renovations they want to invest in.
The Benefits of Home Renovations
While the pandemic placed greater value on the home space, this isn’t the only reason that Canadians are investing in home renovations. Many are also looking to make home improvements as a means to increase their property values. More and more Canadians are investing in real estate due to the current affordability of the market, and many see home renovations as a great way to increase the value of their homes while real estate is cheaper. With a home upgrade, property owners are sure to see greater profits in the future, making home renovations more valuable than ever before. If you’re considering getting into the home renovation business, the time has never been better to begin your training!
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