over this past year, the number of job postings has shot up by over 35%. And renovations of kitchens, baths and basements account for a considerable portion of that rise.
Toronto, Ontario, Canada (PRWEB) January 04, 2012
Canada's home construction industry has faced an alarming and steady decline since the start of the global economic recession late in 2008. In fact, numbers released just this past month by the Canada Mortgage and Housing Corporation pointed to a 13% stop in new home building across the country.
There is one bright spot in the housing construction market, however: home renovations.
Renovations On The Rise
It would appear that while many homeowners are reluctant or unable to sell their existing homes, much less build new ones - more and more are opting to make their current homes live up to their needs and expectations. Nowhere is this trend more evident than on the homeowner and contractor matching website, HandyCanadian.com.
HandyCanadian.com, which helps connect top-rated contractors, including plumbers, home builders, handymen and more, has experienced a tremendous influx of job postings since its official launch in 2006. In fact, the site has just reached the milestone of over 30,000 jobs posted - all told, these projects' budgets nearly adding up to an estimated $1.5 billion dollars worth of business for its members. What's more, the site has seen a noticeable spike in job postings between 2010 and 2011.
"In the past 3 years, we've received over 22,000 job postings alone, with an average budget of $45,000," said Handy Canadian Inc.'s Max Sheppard. "While we did see a dip in postings at the height of the economic downturn between 2009 and 2010, over this past year, the number of job postings has shot up by over 35%. And renovations of kitchens, baths and basements account for a considerable portion of that rise."
The Numbers Don't Tell The Whole Story
However, the statistics at HandyCanadian.com don't tell the whole story. The job postings actually only represent a small portion of the economic activity that the site generates. Because most consumers use the site to locate contractors for their projects using its contractor directory tool, the full scope of the HandyCanadian.com's financial impact is immeasurable.
With 10,192 contractor members, 13,452 screened reviews and nearly $1.5 billion in posted projects, Handy Canadian is Canada's #1 consumer source for finding reliable contractors and home improvement advice. HandyCanadian.com offers professionals who can perform a bathroom renovation, kitchen renovation, new addition or roofing, plumbing and electrical services and much more. Consumers can post desired home improvement projects and receive free cost estimates and expert advice from top-rated local general contractors, electricians, plumbers, handymen and home renovation companies waiting to compete for home improvement, home repair, or new construction projects.
To learn more about the company, visit: http://www.HandyCanadian.com
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