What Home Renovations Actually Cost in the GTA Right Now

Renovation costs in Toronto have moved considerably in recent years. The ranges below reflect what our clients across the GTA are genuinely paying for quality work in 2026 — not internet averages that are either years old or sourced from markets nothing like ours.

Kitchens: $120K–$400K+

A fully renovated premium kitchen in Toronto typically lands between $120K and $250K, with high-end installations using stone slab backsplashes, integrated panels, back kitchens, and custom millwork commonly landing between $250K and $400K+.

Primary Ensuites: $60K–$200K+

A thoughtfully detailed ensuite starts around $60K; full spa-quality suites with stone slab walls, curbless showers, heated floors, and custom millwork run $150K–$200K+. Layout changes that involve moving plumbing stacks add meaningfully.

Basements: $150K–$500K+

A finished basement with a family room, guest suite, bath, and bar falls between $150K–$300K. Underpinning to gain ceiling height adds $100K+. A full basement apartment with egress, kitchen, and separate services can push above $500K.

Whole-Home Renovations: $500K–$2M+

For a typical 2,500–3,500 sq ft Toronto home, a gut renovation now averages $500–$800+ per square foot depending on scope. That puts most whole-home renovations between $1.2M and $2M — sometimes more when structural changes, additions, or underpinning are involved.

Additions: $400K–$1.5M+

A second-storey addition on a Toronto bungalow starts around $400K for a straightforward build, with larger or more complex additions running $800K–$1.5M+. Rear and side extensions are priced similarly on a per-square-foot basis.

What drives the big swings

• Site conditions. Older homes often surface structural, mechanical, or moisture issues once opened up.
• Finish level. Stone slab vs. tile, custom vs. semi-custom millwork, integrated vs. freestanding appliances — each materially changes cost.
• Soft costs. Permits, design fees, engineering, heritage submissions, and variances can add 10–20% depending on scope.
• Whether you stay in the home. Phased renovations often cost more than vacated ones due to extended schedules and containment.

How to get a real number

Internet averages are a starting point, not a plan. The only way to know what your renovation will cost is to have a qualified builder walk your home and prepare a preliminary budget against your actual scope and site conditions. That is exactly what our feasibility phase is designed to do.