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. KORRIE-SUE MARSHALL 338-9000 mam-SUE MARSHALL 338-9000 . .e.......e..q....6q.eoe.66.e.qq.6q REAL ESTATE "gtshmrr' “mm Spock)” DEBBIE ZARDO industry. That w. i the message Ontario Home Builders' Assocra delivered to a government standing c mittee investigating the black market. Customers asking renovation con' tors to work for cash is a common oc say anothe home the G According to OHBA statistic the home renovation market ar the new home market has 20: rence 1ncreast growth ol my in the industry Nh Home renovations go underground Renovation spending to increase and round JU ith l; Ste Renovation Rfi2f4tilhf A awry/re A, , ,CODOITHC it Tgage a xonal Re ased tod mod to n tocaHoet, usiom , Fourteen percent of contractors happens on almost every job and '.r 43% say it happens often. In new construction, buyers try to avoid ST by buying as a "resale" - a the builder has built for "himself". phen Kaiser, president of OHBA, Jet ROULA KRUMME jc conditions have combined rnment policies to fuel the l thriving underground econo- home building and renovation That “n M the message the ome Builders' Association , a government standing com- "rtt":trtxhpretmeyo-st:xxrtatet loam!“ In 338-9000 Location b7Ld<eshoveRdw " spending is projected to 1994, according to Canada taro ftndit H om Doetttruyunlossyousoottttsooott THOUSANDS OF , , t SPENT ON Location" novation contrac MOST IMPORTANT DECISION... many Imp“ nl one under and 00 eouu KWMME 336-9000 A 11 're cur or on being insensitive to the condition of the housing industry during the depression. Tighter rent controls, he maintains, have killed construction of new rental stock and renovation of existing units. Changes to the building code increased the cost of construction while the non-profit housing program subsidizes units that compete with market housing. And while the gov- ernment has pursued these policies, it has overstated the health of the industry in each budget forecast. my and a 4.5% increa lion. The province housing markets recovery that fuels mg the ti Based on the 1991 survey results, the largest renovation spenders fall into two age groups - aged 35 to 44 and 45 to 54. These two groups accounted for more than half of all renovation spending in 1991. _ growth itu U pre anon. ia) aising the buvinsz l fire Il he l) noun KRUMM'E 338-9000 the nc 11 o blames the itive to the hikt )wer rnment of creating this cs carry the twin effects t of products and reduc- t "Increasing taxes in an underground econo- like throwing Easoline in will benefit from strong and a solid economic employment and income nos the government to the condition of during the depressi Ale style km 1 retreat or