As Canada’s housing market continues to evolve, so too do the priorities of its homeowners. The 2025 Canada Mortgage and Housing Corporation (CMHC) Mortgage Consumer Survey offers fresh insight into what Canadians value in their homes, and the renovation trends paint a compelling picture of a population actively reshaping their living spaces to meet new personal, financial, and environmental needs.A Nation of RenovatorsAcross the board, Canadians are investing heavily in home renovations. More than half (55%) of mortgage consumers surveyed had completed renovations in the past three years, and an even larger share (74%) plan to renovate in the next five years. These numbers reflect not just a desire to improve living conditions, but a shift in how homeowners perceive value in housing.Refinancers led the renovation wave, with 66% having completed recent renovations and 77% of this demographic planning more, followed closely by renewers and first-time buyers. Repeat buyers also showed strong renovation activity, with 68% intending to renovate in the coming years.Customization Is a PriorityThe top reason Canadians renovate, according to the survey, is to customize their homes to meet their needs and preferences. This motivation was cited by a substantial portion of respondents across all consumer profiles, from 47% of first-time buyers planning renovations to a striking 64% of repeat buyers.This could include creating a dedicated home office, adapting for greater accessibility, reconfiguring a kitchen, modernizing aging infrastructure, or other key improvements and customization, showing a focus on aligning living spaces with day-to-day realities.Increasing Property Value Remains a PriorityNot far behind customization, increasing the value of the home remains a major driver, showing how Canadians continue to view homeownership as an investment. Around 35% to 44% of all groups cited this as a reason to renovate. As affordability challenges persist and interest rates fluctuate, many homeowners see renovations as a way to bolster long-term equity, especially those who plan to refinance or sell in the near future.Energy Efficiency and Sustainability on the RiseSustainability is becoming a defining priority for Canadian homeowners, with energy efficiency now a key driver of renovation decisions. Between 24% and 33% of mortgage consumers cited making their homes more energy efficient as a reason to renovate, reflecting a growing drive to future-proof homes. Popular upgrades include LED lighting, smart thermostats, new windows and doors, and HVAC improvements. On average, among respondents who did energy-efficient renovations, 63% of recent renovation spending was devoted to energy efficiency, with growing awareness that these upgrades not only lower costs but also enhance climate resilience and long-term home value. Notably, 78% of those who made energy-efficient upgrades reported savings on their energy bills, and 93% were satisfied with the outcome, underscoring the practical value of going green. These trends show that for many Canadians, green living is becoming an expectation.The Rise of Secondary SuitesAnother standout trend is the popularity of secondary suites, either for family members or as rental income opportunities. With housing affordability under strain, secondary suites offer both flexibility and financial relief, making them a strategic choice for multigenerational households and income-minded homeowners alike.More than one in four mortgage consumers (28%) already have a secondary suite, and around 1 in 10 of those without one plan to add one. Among first-time buyers, one in five cited the presence or potential for a secondary suite as a key reason for purchasing their home, while up to 32% renovated to add a suite for family or rental income. 32% of refinancers and 24% of renewers did the same. Canadians are using these suites to accommodate multigenerational living, generate rental income, and offset mortgage payments. 60% of suite owners collect rent from the space. Safety and Maintenance Awareness Growing A growing number of Canadians are also tackling essential repairs and maintenance, reflecting an increased awareness of long-term housing resilience. Fixing safety issues ranked particularly high for first-time buyers (31%) and refinancers (33%); practical improvements appear to be top-of-mind for many.Housing Priorities and Emerging Consumer ExpectationsThe 2025 CMHC Mortgage Consumer Survey offers a clear window into the shifting values and expectations shaping future housing demand. Canadians are placing growing importance on their homes not just as places to live, but as strategic financial assets. Renovations that enhance property value, such as kitchen or bathroom upgrades, and the creation of income-generating secondary suites are increasingly seen as essential investments rather than optional improvements.At the same time, there is a notable rise in demand for housing that aligns with environmental values. Sustainability, energy efficiency, and resilience to climate-related risks are becoming standard considerations, influencing both renovation decisions and long-term homeownership goals. From solar retrofits to improved insulation and flood protection, Canadians are looking for housing that performs better over time, economically and environmentally.The survey reflects a broader trend; homeowners want properties that are adaptable, financially productive, and reflective of personal and societal priorities.