CANADA (WWN).- Canada Mortgage and Home Corporation said an estimated 1.7 million households in 10 major centers invested in renovation projects during 2011. According

to CMHC's Renovation and Home Purchase Survey, approximately 37% of homeowners, down from 42% in 2010, undertook renovation projects. CMHC added, however, that the estimated average cost of renovations in 2011 was $13,709 compared to $12,972 in 2010.