Renovate or Expand Your Home: Why 2025 is the Year to Do It

With the housing market slowing across Ontario, more homeowners are staying put. This creates one of the best windows in years to renovate or expand your home. If you’ve been waiting for the right time to update your space, 2025 is it.

1. Builders and Contractors Have More Availability

When new builds slow down, skilled trades and reputable builders open their schedules for renovation work. This means less waiting, more flexible timelines, and top-quality workmanship that used to be booked months out. You can get your project started sooner than you might expect.

2. Competitive Pricing and Better Value

Fewer large-scale developments mean more competition for renovation projects. This is good news for homeowners. Labour and material costs have stabilized, giving you a rare opportunity to get more value for your money without compromising quality. You can achieve your dream renovation at a reasonable price.

3. Boost Your Home’s Value Before the Market Rebounds

Real estate always moves in cycles. Renovating during a market slowdown means you’re adding square footage, style, and function—all before property values climb again. When the market recovers, your upgraded home will be worth significantly more. This is a smart investment for your future.

4. Access to Experienced Builders and Developers

Even large homebuilders and developers are taking on private renovations right now. This gives homeowners access to high-level building experience and custom design expertise normally reserved for new construction projects. You can benefit from their knowledge and skills, ensuring your renovation meets your expectations.

5. Stay Where You Love, But Upgrade Everything

If moving doesn’t make sense, renovating is the best way to transform your current home into the one you’ve always wanted. You can add a sunroom, finish your basement, open your main floor, or upgrade your exterior—all without the stress of buying or selling in a slow market. It’s a chance to create the perfect space for you and your family.

6. The Emotional Benefits of Renovating

Renovating your home can also bring emotional benefits. A fresh, updated space can improve your mood and enhance your daily life. Imagine walking into a beautifully designed kitchen or relaxing in a newly finished basement. These changes can make your home feel more comfortable and inviting.

7. Sustainable Renovations

Consider incorporating sustainable practices into your renovation. Energy-efficient appliances, eco-friendly materials, and smart home technology can reduce your carbon footprint and save you money on utility bills. Not only will you enjoy a modernized home, but you’ll also contribute to a healthier planet.

8. Planning Your Renovation

Before starting your renovation, take time to plan. Consider your needs and preferences. What spaces do you want to update? What features are most important to you? Creating a clear vision will help guide your project and ensure you achieve the results you desire.

9. The Importance of Choosing the Right Builder

Choosing the right builder is crucial for a successful renovation. Look for a contractor with a solid reputation and experience in the type of work you need. Ask for references and check online reviews. A trustworthy builder will communicate openly and keep you informed throughout the process.

The Bottom Line

The slowdown in the housing market has created an ideal environment to start your renovation project. Experienced builders are available, prices are competitive, and you’ll add lasting value to your home. Don’t miss this opportunity to create the home of your dreams.

Build With Confidence — Build With Markway Homes

At Markway Homes, we bring over 50 years of combined family experience to every project. From renovations and additions to custom homes, we’ve built our reputation on honesty, quality, and craftsmanship.

If you're ready to take the next step, contact us today to discuss your renovation plans. Let’s take advantage of this rare opportunity to build smarter and create the home you’ve always wanted.