Renovations boom in response to high prices
With high prices and, in parts of the country, concern about job security and the economy, renovations are booming. Quebec-based building materials retailer Rona says sales were up 6 per cent at existing stores in the last quarter of 2014 and 10 per cent from the same period a year earlier. Western Canada was responsible for 30 per cent of the sales, spending $290 million with Quebec and Ontario making up the rest. Rona’s boss told Global News that the business had not seen a downturn in the Alberta market, where it operates the Totem chain.