The best (and worst) renovations to maximize your home value

In expensive but lagging markets such as Vancouver and Toronto, realtors say a home renovation could help more than ever to distinguish and sell your home.

Those housing markets were particularly stagnant in 2025 as economic uncertainty, inflation and higher interest rates kept buyers at bay. One study by the online housing platform HouseSigma found only 53 per cent of listed homes in the Greater Toronto Area were sold that year. That compares to 89.5 per cent of listed homes sold in 2021.