With higher home prices and mortgage interest rates squeezing Canadians’ budgets, more homeowners are looking to renovate their homes instead of moving. On average, Canadian homeowners said they spent $12,300 on home renovations in the last 12 months, according to the HomeStars 2023 Reno Report. Meanwhile, in the year ahead, Canadians estimate they’ll spend slightly less — $10,264 — due to economic conditions, according to the report. “Canadians are still optimistic about renovations in general. Only one in three homeowners we surveyed were putting renovation plans on hold this year due to the increase in interest rates,” HomeStars CEO Shir…