Citizens Economy Reportβ€ΊConstruction Costs
Construction Cost Centre Β· 2026

What Does It Cost to Build in Canada?

Construction costs have risen 35%+ since 2021 β€” making it harder than ever to build new housing. Use these tools to estimate costs by city, compare building vs. buying, and track what's driving prices up.

Avg. cost/sq ft
$245
National mid-range 2026
Rise since 2021
+35.4%
Hard construction costs
Rise since 2020
+51%
Pandemic-era total
Concrete up since 2020
+55%
StatCan BCPI
Typical Toronto: ~1,800 sq ft
Quality finishes, standard appliances
Estimated hard construction cost
$450,000
$250/sq ft Γ— 1,800 sq ft Β· Toronto Β· Mid-Range
Range (low β†’ high)
$378,000 β€” $684,000
Excludes land, permits & soft costs

Cost Breakdown by Trade

Foundation & Excavation
$45,000
10%
Framing & Structure
$81,000
18%
Roofing
$31,500
7%
Plumbing
$45,000
10%
Electrical
$40,500
9%
HVAC
$36,000
8%
Insulation
$22,500
5%
Drywall & Plaster
$31,500
7%
Flooring
$36,000
8%
Exterior & Windows
$36,000
8%
Interior Finishes
$45,000
10%
πŸ“„ Get Your Custom PDF Report
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Your Report Includes
  • βœ“Cost estimate with trade-by-trade breakdown
  • βœ“Soft costs & fees detail
  • βœ“Build vs. Buy comparison
  • βœ“2021 β†’ 2026 cost trend for your city
  • βœ“Materials price tracker (lumber, steel, concrete…)
  • βœ“Sourced data & methodology
Your Settings
CityToronto, ON
Square footage1,800 sq ft
Finish levelMid-Range
Est. hard cost$450,000
Total (incl. soft costs)$576,000
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Construction cost data contributed by LandVault.ca

LandVault is Canada's land development and construction cost platform β€” built to help developers and builders succeed. It provides full project feasibility analysis including development charge schedules for 32+ municipalities, BCPI construction cost indexes by city, permit approval timelines, and construction financing cash flow models.

Visit LandVault.ca for detailed analysis β†’

Who's Responsible for the Housing Crisis?

High construction costs, zoning barriers, and development charges are policy choices. Rate the politicians and officials responsible for housing in your city.

Rate Your Local Officials β†’

Sources: Altus Group 2026 Canadian Cost Guide Β· CMHC Β· Statistics Canada Building Construction Price Index Β· WOWA.ca Β· CREA National Price Map July 2026. Hard construction costs only β€” excludes land, permits, development charges, HST, and soft costs. Figures represent mid-range single-family residential. Last updated July 2026. Full methodology β†’