Home Renovation Cost in Toronto

Renovating your home in Toronto can increase its overall value, give it a whole new look and make it more functional. However, it can be a challenging task figuring out the renovation cost more so with the 10%-15% increase in renovation prices in Toronto over the past year.

Therefore, you need professionals like CSG Renovation for detailed and accurate estimates and a guide for home remodeling expense averages in Toronto & GTA, making it easier to know exactly the cost to completely renovate a house. Call us today at (647) 428-0007 to determine the cost or for consultations and free estimates.

Average Home Renovation Budget in Toronto

According to our experience, the average cost of home renovation is between $44,000 and $75,000 based on the size and number of rooms. However, the home renovation budget tips vary across different categories, as shown in the list below:

• Minor Renovations: Cosmetic changes like changing the cabinets, tiles, and backsplash, painting the house and home automation upgrades commonly cost around $10,000.
• Major Renovations: This is more expensive and time-consuming as it includes tasks such as completely changing the kitchen and bathroom or designing and building them from scratch with an average cost of between $10,000 and $50,000+.
• Per Square Foot Cost: Renovation per square foot cost in Toronto varies depending on the type of renovation, but typically, the average cost for each square foot is between $100 to $200.

Home Renovation Cost Per Square Foot

One of the most common pricing methods used in full house renovations in the Toronto area is the cost per square foot. The cost to renovate a house in Toronto is divided into three categories:

• Basic Renovations: This is the most affordable option involving minor repairs like flooring replacement, updating fixtures and wall painting, costing an average of $60 – $100 per square footage of a home.
• Mid-Range Renovations: This entails more comprehensive remodels like a full kitchen and bathroom renovation and exterior updates with an average per square foot cost of $100 – $150.
• High-end Renovations: For high-end finishes, structural changes and complete gut renovations, you can expect to pay between $150 and $200 per square foot.

Detailed Guide on Home Renovation Cost in Toronto By Type

At CSG Renovation, we provide our clientele with a detailed breakdown of house reconstruction costs in Toronto based on the type of remodel. For example, we have single and multitask renovations which include:

• Flooring work starts from $7 per square foot. 
• Interior wall removal costs $1000/wall.
• Paint jobs start from $4 per square foot. 
• Window replacement with the cost depending on the size, type and number of windows. Aluminum or PVC window replacement starts from $800/window.
• The exterior facade and siding start from $25 per square foot based on the materials and scope of work.

Kitchen Renovation Costs

Kitchen renovations help improve a home’s functionality and overall resale value.

• Basic Kitchen Remodeling Expenses: This entails minor updates like adding new kitchen cabinets and countertops. The costs typically range from $10,000 to $25,000.
• Full Kitchen Remodeling Expenses: The cost ranges between $25,000 and $50,000+ and entails tasks such as adding new appliances, making structural changes and installing custom cabinetry

Bathroom Renovation Costs

Renovating a bathroom may entail a simple cosmetic upgrade or a complete overhaul based on your needs. 

• Basic Bathroom Remodeling Costs: This involves minor updates like tile replacement and new fixtures installation. The price ranges between $5,000 and $15,000.
• Full Bathroom Reconstruction Costs: It includes installing top-notch fixtures, custom finishes and new heating and cooling systems with an average cost of $15,000 to $30,000+.

Basement Renovation Costs

If you are considering fully utilising the space of your basement, then a basement renovation is all you need. 

• Basic Basement Cost of Renovation: This includes simple tasks like waterproofing and basic finishing, with costs starting from $10,000 to $40,000.
• Full Basement Cost of Renovation: A full basement remodel includes adding or removing walls, updating electrical and plumbing systems and installing new flooring with costs ranging between $40,000 and $60,000+.
  

Whole House Renovation Costs

This type of renovation of the house involves remodelling the entire existing space to enhance functionality, value and overall appearance. 

• Basic Cost of House Renovation: Typically entails moderate updates throughout the house with costs ranging from $100,000 to $200,000.
• Full House Reconstruction Costs: The cost range for major structural changes or a complete gut remodel is $200,000+ based on the size of the house and the project scope.

Bedroom & Living Room Renovation Costs

This renovation aims to make the bedroom and the living area more welcoming and comfortable spaces.

• Basic Bedroom & Living Room Cost of Renovation: The cost is between $1,500 and $10,000, and the tasks include basic cosmetic updates like updating fixtures, painting walls and replacing flooring.
• Full Bedroom & Living Room Cost of Renovation: The average price ranges between $10,000 and $25,000 for significant tasks like installation of new fixtures, updating plumbing and electrical systems,  installing new tiles and more.

“Investing in a home renovation in Toronto is about more than just cost; it’s about enhancing your quality of life and increasing your home’s value in one of the world’s most vibrant cities.” — Scott McGillivray

Key Factors Influencing Cost For Renovation for Homeowners

The cost of renovation is entirely determined by the following factors:

Size and Scope of the Whole Home Renovation Project

• Big and Complex Projects: The whole home renovation cost in Toronto or house reconstruction cost per square foot in Toronto ranges from $100 to $700,000+. However, a larger & more complex renovation process and project entailing structural changes such as removing or adding load-bearing elements or changing the space layout is more pricey.
• Small and Simple Projects: Small home renovation projects with minor tasks such as replacing fixtures and wall painting require less Toronto house cost of renovation.

Quality of Materials

• High-End Materials: High-end materials like granite countertops instead of laminate countertops and high-quality flooring materials like hardwood increase the renovation cost. 
• Low-End Materials: Using flooring materials like vinyl or installing marble countertops is cheaper, and thus, the overall renovation cost may not be as high. 

Labour Costs

• Complex Projects: Plumbing and electrical work, structural changes and remodelling of an older home require skilled craftsmen and are more likely to increase labour costs.
• Simple Projects: A renovation project that only entails cosmetic changes like painting and fixing minor wall cracks may not require as much labour contributing to a decrease in the overall cost factors. 

Building Permits and Regulations

• Permits for Small Projects: Building permits for small renovation projects such as flooring, painting, carpentry, or demolition may cost between $50 and $300.
• Permits for Big Projects: Permits for big renovation projects like bathroom or kitchen remodels or tasks like structural changes, plumbing and electrical work may be costly, ranging between $500 and $2,000.

Unexpected Expenses

• Structural Surprises: Discovering hidden damage or unexpected issues with the house’s foundation requires additional materials and work, which can lead to an increase in the renovation cost. 
• Changing Plans: Adding extra features like a log burner or changing the project scope can increase the cost of renovating a house in Toronto. 
• Emergency Repairs: They are often expensive because they require immediate attention, which can result in unexpected costs, thus influencing the overall cost of house renovation.

The Impact of Home Renovation on Resale Value

Home renovation in Toronto significantly impacts the resale value of a property. If the renovation improves the functionality and aesthetics of your property, such as HVAC conversion or kitchen and bathroom remodels, then the ROI tends to be higher. Therefore understanding the type of renovation that can bring high yields is vital. Trust CSG Renovation to walk you through the best types of remodels!

Home Renovations in Toronto That Might Not Pay Off 

Most renovations pay off, but it is good to have an idea of some that may not yield a high return on investment:

• Overly Personalized Renovations: Custom home projects that, for example, may involve converting a bedroom into a themed reading nook may not pay off.
• Luxury Updates: Some luxury finishes and updates like installing high-end appliances such as in-built fridges may not yield much.
• Neglecting Essential Repairs: Neglecting crucial repairs such as a leaky roof and focusing on superficial changes may reduce the value of your home, leading to a low ROI.

How CSG Renovation Can Help You Renovate Your Home

The final cost of Toronto home improvement projects can vary based on factors such as the house size, quality of materials, labour costs and the scope of the project. At CSG Renovation we offer homeowners accurate quotes tailored to your particular project. You can contact us at (647) 428-0007 for consultations and Toronto home renovation services. How much does it cost? A consultation is free!