Are You Renovating Your House…Or Avoiding Your Inner Demons?
Some people believe that if they bury themselves in a big home renovation project, the Big Scary Stuff can’t get them.
Some people believe that if they bury themselves in a big home renovation project, the Big Scary Stuff can’t get them.
One day, out of the blue, my dad decided to turn our back porch into a screened-in back porch with a big cathedral ceiling. We didn’t need a screened-in porch with a big cathedral ceiling. No one had asked for one. The existing porch worked just fine and wasn’t even that old. He’d never even mentioned the project until the day the work crews showed up.
The project dragged on forever, but my extremely impatient and cheap father never complained about the delays or the money once, which was beyond weird. Then it dawned on me and my siblings: Dad was convinced that as long as the porch was under construction, our mother, who had late stage cancer, wouldn’t die. We thought he was nuts. Maybe he was. But the fact is that Mom enjoyed many afternoons on that beautiful, completed screened-in porch before she left us.
There is something in our human nature that leads us to believe that as long as we are in the middle of a huge, complicated project that takes all our time and focus, nothing big and scary can happen: We are just too darned BUSY.
This belief is demonstrably, laughably wrong, yet we cling to it.
The ultimate example of this is the strange case of Sarah Winchester, the widow of the man who manufactured the Winchester rifle. She believed that as long as her home was under construction, the ghosts of those killed by Winchester rifles could not haunt her. Her home was under construction for about 40 years, right up until the day she died.
Be it cancer, ghosts, guilt or a relationship gone bad, you or someone you know has probably tried to keep it at bay with a massive home renovation project. Here are some of the most commonly seen forms of what I refer to as the Winchester Effect:
Your company is on its last legs. There have already been three rounds of layoffs. You, a highly-placed employee, has survived them all, but who knows when the blood-letting will stop. Does this prevent you from hiring contractors to put in a massive 40-by-80 foot swimming pool with a gazebo, outdoor kitchen and wide-screen TV pavilion? It does not. You think that as long as you are spending and planning and living like a highly-placed executive with a stable, well-paying job, you will remain one. Who would possibly fire a person in the middle of such a project?
Pro tip: Your company would, that’s who. Unless you are expecting the mother of all severance packages, this is just a bad idea that will result in a giant muddy hole in your backyard that you can’t afford to fill in. Make living as frugally as possible your new big project.
You are constantly involved in one home renovation project after another. You’re not methodically tackling one room at a time. You are maniacally reconstructing the whole shebang, from roof to cellar, as soon as the last project is done. Just like Mrs. Winchester.
What you’re really doing is creating enough mental static so that you can’t think about all the shady deals, the crappy relationships, the abandoned goals and dreams. You have the financial wherewithal to clutter up your brain with the sound of Sawzalls and nail guns. Who can think honestly and openly about committing massive securities fraud when you’re sleeping in a bedroom that’s been hermetically sealed to keep out construction debris? No one.
Pro tip: To paraphrase Buckaroo Banzai: no matter where you put the new kitchen, there you are. Instead of another gut reno, donate your construction budget to a relevant charity and stop being a horrible person. In the dark, when the bandsaws stop and the nail guns are silent, it’s just you and your guilty conscience and MAN is that thing noisy.
You are half of a disaffected couple that has decided that, in an effort to come together on a project—since the “marriage” project just isn’t as much fun as you thought it would be—you will buy and renovate a historic home. Well, my friend, you will be praying for just a simple, garden-variety crappy marriage the first time you tear down a horse-hair plaster wall and see the knob-and-tube electrical system that dates to the 1940s.
Pro Tip: Your marriage will not survive this house project so just sell the house now as is and pay for daily couple’s counselling. Compared to the house restoration, the marriage restoration will be about one-trillionth cheaper and it might actually work.
Your neighbors are attractive, wealthy and intelligent, their children are polite and their pets do not shed. You hate them all. Your life is a shambles baked into a hot mess. It is nothing like theirs, but your house can be! So you’re building a huge three-car garage with an in-law apartment above it, just like your neighbour’s.
Pro tip: Copy cat construction won’t make you feel like any less of a failure. Worse, you’ll attract the neighbours’ pity—they know you own only one car and don’t have in-laws. Stop construction and remember this: no family is as perfect as they appear through their picture window.
You embark on a massive home renovation project when someone you love falls ill, convinced they cannot die until you’re done.
Pro tip: Sounds crazy, but what do I know?
Early indications from several big regional real-estate boards suggest March was overall another down month.
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Early indications from several big regional real-estate boards suggest March was overall another down month.
OTTAWA–The nascent recovery in Canada’s housing market has become a casualty of the trade dispute with the U.S.
The latest national home-resale data are due out Tuesday, but early indications from several big regional real-estate boards suggest March was overall another down month as many prospective buyers exercised caution.
The recent weakness in home sales has dimmed the previously brighter outlook for the property market coming into 2025, when buyers were encouraged by the Bank of Canada’s aggressive interest-rate cuts.
“The chills the U.S. trade war has sent through participants in the housing market are getting frostier,” said Robert Hogue , assistant chief economist at Royal Bank of Canada.
Hogue said resales are down materially in a number of markets two months running, and home prices in several markets are coming under pressure as inventories rise. And although Canada was spared additional levies when President Trump unveiled so-called reciprocal tariffs on dozens of countries earlier this month, no meaningful rebound is likely so long as trade uncertainty lingers, he said.
Home buyers in Toronto, Canada’s most populous city and the country’s financial hub, aren’t turning up for the usual spring pickup in property-market activity.
Sales in the Greater Toronto Area slumped 23.1% in March from a year earlier, as new listings for the region jumped close to 29%, according to the Toronto Regional Real Estate Board. That marked the worst month of resales since 1998.
The board’s chief information officer, Jason Mercer , said many potential home buyers were likely taking a wait-and-see approach given the economic worries as well as a pending federal election. “Homebuyers need to feel their employment situation is solid before committing to monthly mortgage payments over the long term,” he said, adding that ownership has become more affordable and prices in the area fell about 3.8% year on year in March.
Uncertainty is also weighing on the housing market in Calgary, the biggest city in oil-rich Alberta. The city’s real-estate board said realtors reported a 19% drop in sales of existing homes from last year, with a similar trend of improving supply and a sharp increase in the average number of days that homes were on the market.
On the West Coast, home sales registered in the metro Vancouver area of British Columbia were the lowest for March since 2019, falling 13.4% on a year earlier and coming in close to 37% below the 10-year seasonal average, while active listings continued to rise.
There are some areas of resilience. The Quebec Professional Association of Real Estate Brokers said total sales in the province were up 9% year on year in March. Still, RBC’s Hogue estimated Montreal sales in March were down about 15% from December seasonally adjusted, effectively rolling back the advance since the end of last summer.
The most recent national data for the country, from the Canadian Real Estate Association, showed resales dropped 9.8% month over month in February, when homebuyers may also have been put off by harsh winter storms in parts of the country. That marked the sharpest fall since May 2022 and brought the level of sales to their lowest level since November 2023, snapping signs that activity had been picking up in recent months.
Rishi Sondhi , an economist at Toronto-Dominion Bank, in a recent report estimated the country was tracking toward a double-digit quarterly decline in Canadian home sales and a mid-single-digit drop in Canadian average home prices for the first three months of 2025. That is much weaker than a pre-Trump inauguration forecast made in December that projected a loosening in federal mortgage rules, lower interest rates and continued economic growth would fuel a modest gain in sales and prices.
Central-bank officials are set to decide Wednesday on monetary policy, but they have signaled a cautious approach to rates as they balance the prospect of tariffs stoking price pressures against the likelihood that they will dampen demand and weigh on the economy. That could mean the Bank of Canada will pause after seven straight cuts to its policy rate.
Housing is a hot topic for party leaders campaigning ahead of the April 28 election, with both the incumbent Liberal Party and opposition Conservatives proposing tax cuts and incentives to encourage buyers and builders.
The outlook for new homes has also dimmed with the tariff threat. The value of residential-building permits issued in February fell 2.9% from a month prior, adding to a retreat in January that took back some of the surge in intentions in the final month of last year, Statistics Canada data last week showed.
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