The 32nd Victoria Fall Home will feature a wide variety of exhibitors from the home construction and renovation. Submitted

Fall home show opens doors to latest trends

Home expo runs Friday through Sunday at Pearkes Recreation Centre

Location. Location. Location.

That is one of the reasons why Saanich’s Pearkes Recreation Centre continues to host the Victoria Fall Home Expo, now in its 32nd edition.

The show, running Friday through Sunday, features 115 exhibitors from the home building and renovation industry.

“It’s central to all of Victoria,” said Darcy Hope of Evergreen Exhibitions, who manages the show. “Everything feeds towards it.” Other reasons include its size, availability and user-friendliness, he said.

Hope expects the show will attract anywhere between 10,000 and 15,000 visitors. As in years past, the majority of visitors will be homeowners somewhere between the ages of 35 and 65 with men and women represented equally. They will be able to learn about the latest trends in home construction and renovation from 115 vendors, most from the Greater Victoria region. Products on display range from traditional home items, boutique items, and many items only available at trade shows. Visitors can also check out a Tesla Model X, an all-electric, luxury SUV.

He estimates the show itself will generate about $2 million in business for the home construction and renovation industry over the course of the actual show. Looking over the next two years, Hope estimates that the show could generate about $50 million in business for the home construction and renovation industry.

This figure points to the financial prowess of an industry that has experienced perhaps nothing less than a Golden Age in recent years. According to 2016 statistics from the Canadian Home Builders’ Association, the investment value of new homes, renovations and repairs exceeded $138 billion. The industry also employs 800,000 Canadians.

According to a 2017 CIBC report, 48 per cent of Canadian homeowners plan to repair or improve their home this year, up from 37 per cent in 2016. But the same report also suggests that homeowners are becoming more frugal, spending an average of $11,800, the lowest figure in three years.

But this national figure does not show regional variation. While Ontario residents lead the way by planning to spend an average of $16,000 in renovations, British Columbians follow with $13,200.

This apparent slow-down in home renovations has happened against the backdrop of rising household debt and housing prices that have remained at record highs across Canada.

High housing costs can deter home renovations because it might leave people with less money in their pockets, said Hope. On the other hand, the strong real estate market has also historically benefited the home construction and renovation industry. “As long as people are buying and selling homes within their means, they will want to do something,” he said.

Not surprisingly, companies that stage shows like the Victoria Fall Home Expo have benefited too.

“It has been a boost for our business,” said Hope.

Just Posted

Give fish in Millstream Creek a step up

Groups hope to build fish ladder on Atkins Road culvert

New Student Ranger Program to start this summer

Goldstream Provincial Park is one of the sites the program will take place

Westshore basketball team wins bronze at provincials

U14 Warriors won tournaments this season against older squads

New club started for miniature horses in Sooke

Small animals are ‘incredible pets’

Pipeline project protesters stage morning event outside CRA office

Intersection is also busy with ongoing construction activity, caution advised for drivers

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

NHL playoffs weekly roundup

Maple Leafs look to stay alive tonight as they face elimination against Boston on home ice

Electric vehicles more affordable than you think: BC Hydro

Myths blocking road to electric vehicle adoption

Kinder Morgan bungled pipeline public relations: poll

The survey suggests 58 per cent of Canadians believe the company is to blame for poor perceptions

Plane makes a surprise landing on the Coquihalla

Social media was alive Sunday night with pictures from Coquihalla commuters.

Royal baby: It’s a boy for Kate and William

The Duchess of Cambridge has given birth to her third child, a boy weighing 8 pounds, 7 ounces.

Trump says North Korea agreed to denuclearize. It hasn’t.

Trump is claiming that North Korea has agreed to “denuclearization” before his potential meeting with Kim, but that’s not the case.

Suspect in deadly Waffle House shooting still being sought

Police say Travis Reinking is the suspect in a shooting at a Waffle House restaurant Sunday in Nashville that left four people dead.

G7 warned of Russian threats to western democracy

Ukraine foreign minister Pavlo Klimkin warns G7 of Russian war against Western democracy

Most Read