The federal home renovation tax credit has helped stem the decline of home renovations in B.C. according to a new survey by RBC Financial Group.

According to the survey conducted by Ipsos-Reid, about 65% of B.C. homeowners plan to renovate their homes over the next two years, down from 69% in 2008.

But the figures could have been worse.

The survey found 66% of B.C. renovators plan to take advantage of the federal government’s home renovation tax credit this year. Just over half (52%) said they have renovated more because of the tax break.

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