Payment methods used for house remodeling projects in Canada 2017

Published by Statista Research Department, Sep 26, 2024
This statistic shows the payment methods used for house remodeling projects in Canada as of April 2018. During the survey, 80 percent of the Canadian homeowners stated that they paid using cash or savings for their house remodeling project.

Payment methods used for house remodeling projects in Canada in 2017

CharacteristicShare of respondents
Cash/savings 80%
Credit card that can be used anywhere 28%
Home equity line of credit 16%
Cash from home mortgage refinance 7%
Credit card for a specific store only 7%
Showing entries 1 to 5 (5 entries in total)
Created with Highcharts 7.2.2Share of respondents80%80%28%28%16%16%7%7%7%7%Cash/savingsCredit card that can be used anywhereHome equity line of creditCash from home mortgage refinanceCredit card for a specific store only
0%5%10%15%20%25%30%35%40%45%50%55%60%65%70%75%80%85%90%

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Source

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Release date

August 2018

Region

Canada

Survey time period

March 5 to April 24, 2018

Number of respondents

7,771 respondents

Age group

18 years and older

Method of interview

Email survey

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