Understanding the Cost Per Square Foot to Build a Custom House in Toronto 2024

Discover Toronto’s 2024 custom home building costs with Kingsgate Luxury Homes. Expert insights on cost per square foot

The Cost to Build a New Home in Toronto in 2024

Home builders should expect to pay an average of $1,000,000 to $1,200,000 to build a decent-standard 3,000-square-foot Custom home in Toronto. This includes all labor and materials, city fees, and permits. Of course, the more high-end the finishes and extras, the more expensive the cost to build.

Just as each home buyer is unique, so is each home. When we consult with our clients, we provide a line-by-line breakdown of each expense, starting with digging the foundation and extending to installing the hardware on the front door. As a general rule of thumb, expect to pay between $300 and $400 per square foot with Kingsgate Luxury Homes, which is below market due to our extensive connections and bulk purchase pricing.

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Cost Breakdown: Building a Custom Home in Toronto

We provide a comprehensive cost breakdown customized for constructing a 3,000-square-foot custom home in Toronto. Our analysis incorporates a price range of $300 to $400 per square foot, with an average of $350 per square foot. This range caters to both low-budget and above-average homes. Please note that all data is derived from regular cost calculations, and customization may impact the breakdown. Feel free to reach out for a personalized estimate for your Toronto home build, with no obligation attached

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We provide a comprehensive cost breakdown customized for constructing a 3,000-square-foot custom home in Toronto. Our analysis incorporates a price range of $300 to $400 per square foot, with an average of $350 per square foot. This range caters to both low-budget and above-average homes. Please note that all data is derived from regular cost calculations, and customization may impact the breakdown. Feel free to reach out for a personalized estimate for your Toronto home build, with no obligation attached

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Components Average Budget % Starting Cost
Demolation/Excavation
4%
$42,000.00
Footings/foundation
6.5%
$68,250.00
Framing
17%
$178,500.00
Roofing Cover
6%
$63,000.00
Doors / Windows
6.5%
$68,250.00
Soffit / Facia / Eaves
3%
$31,500.00
Rough in Electrical
3%
$31,500.00
Rough in Plumbing
3%
$31,500.00
Rough in Heating
4%
$42,000.00
Basement Floor
2%
$21,000.00
Insulation / vapor barrier
5%
$52,500.00
Heating Equipment
2%
$21,000.00
Drywall
5%
$52,500.00
Paint/prime
4%
$42,000.00
Interior doors / casing
3%
$31,500.00
Flooring
7%
$73,500.00
Cabinets/counters
4%
$42,000.00
Finish Electrical
2%
$21,000.00
Finish Plumbing
2%
$21,000.00
Siding
7%
$73,500.00
Decks and railings
4%
$42,000.00
Totals
100%
$1,050,000.00

Hard Costs of Custom home

The cost of building a house encompasses a wide array of components and variables, dependent on factors such as site location and condition, project size, design style, and construction materials used. Hard costs, which include expenses associated with the physical construction of the building such as framing, roofing, and finishing, as well as fixed equipment like HVAC systems, are a vital consideration.

The technical hard cost of constructing a house, from the initial site work on a vacant lot to the final product, includes:

  1. Land development
  2. Foundation
  3. Framing
  4. Exterior finishing (such as siding and roofing)
  5. Interior rough-ins (like plumbing and electrical)
  6. Interior finishing (such as drywall, flooring, and cabinetry)
  7. Landscaping (including driveway and deck)

The mentioned costs encompass all labor, machinery, and materials required to complete the project. Given that the most common dwelling type in Toronto GTA is the Single-Detached Wood Framed House, this article focuses primarily on this type of dwelling.

Soft Cost of Custom home

The costs detailed above pertain solely to construction expenses. However, it’s crucial to incorporate other ancillary costs into the project budget. Soft costs encompass indirect construction fees and charges, including:

  1. Legal Fees
  2. Building Permit and Development Charges
  3. Architectural Design
  4. Engineering
  5. Site Survey
  6. Taxes
  7. Project Management Fees
  8. Insurance

These soft costs are essential to consider for a comprehensive project budget and should not be overlooked when planning a construction project.

The cost of new custom home permits in Toronto, based on City of Toronto Development Charges, is approximately between $10,000 to $20,000 for a single-family detached home. However, many Toronto houses undergo review by the Committee of Adjustment for minor variances, which may lead to higher permit costs due to additional documentation. We can help you navigate this process efficiently.

Other Expenses

Appliances

Appliances can be very subjective according to taste. You want an appliance that suits your home. You wouldn’t want to buy a $100,000 La Cornue Range for a basic starter home. Expect to spend, on average, around $20,000 on appliances in a newly constructed modern home in Toronto in a solid middle-class neighborhood. For a luxury home in an upscale neighborhood, expect to pay over $50,000.

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Exterior Hardscape and Landscaping

Again, price ranges can run the gamut, from simple lawns to expansive stone and wood masterpieces with water features and elaborate lighting. The more machinery, workers, and materials needed, the more expensive the job. Prices can run the gamut from a few thousand to several hundred thousand.

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Disconnections

Many homeowners don’t consider these types of costs when considering the cost of building a new home. However, these tertiary fees are undertaken before building, which is why new construction in the city can be expensive. 

The house originally on the lot where your new home is being built was connected to public utilities: hydro lines, main water lines, drain services, and gas. Disconnecting these services from the older home costs money. Additionally, installing temporary hydro lines on a protected panel during the construction of your home comes with a cost. Expect to pay around $20,000 for these services. 

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Common Add-On Expenses

During construction, it’s common for clients to ask for modifications to their original plans. These are impossible to predict and vary from client to client. However, when new permits need to be pulled, the expense can amount to many thousands of dollars. Common extras we see are:

  • Repositioning hydro poles and removing trees do so
  • Adding extra water lines to the basement for a bar
  • Adding security games
  • Running a sound system throughout the home
  • Extending the exterior pool
  • Adding an indoor pool
  • Adding a ‘safe’ room
  • Adding an interior elevator
  • Adding/expanding an in-home office… and many more.

Reasons to Build a Custom Homes With Kingsgate Luxury Homes

With all these expenses, you could be forgiven for asking yourself, why choose to build a new home with Kingsgate Luxury Homes?

If you look at the homes that occupied Toronto lots before our new homes too their place, the difference is night and day. We use the most energy-efficient, durable, and aesthetically pleasing materials in contemporary designs, which we mix with a classic aesthetic to create timeless homes. We also utilize the maximum square footage allowable, often petitioning to expand the zoning restrictions in the area, adding finished basements.

Because of all these improvements to the housing stock, we dramatically increase the median prices of homes in the area, adding value and equity to your home, making it a significant investment as well as a beautiful and comfortable place to live.

Build Your Toronto Dream Home Today!

TESTIMONIALs

Client Stories: Hear What Our Clients Say

Tanaz Vahdat
Tanaz Vahdat
2023-11-18
We had an amazing experience with Kingsgate Luxury Homes, and specifically Mr. Afshin. Kingsgate is by far the best developer within the GTA. The developer and his team ensure all your requests are attended to and all your needs are met in a timely manner. The team works around the clock to deliver the most beautiful and high quality homes. Their attention to detail, craftsmanship, quality of work and service is top notch. The skill and knowledge of the developer and the team ensure satisfaction. Kingsgate can transform your dream home from just a vision to a reality. Kingsgate is the real definition of custom homes!
Mohammad Shooshtarizadeh
Mohammad Shooshtarizadeh
2023-11-16
Perfect job Perfect management
Oscar Meshkati
Oscar Meshkati
2023-10-31
I am the owner of 69 centre and kingsGate build a new home for me I'm so happy to say I'm so glad to work with them, they have done excellent job for my new home
West electricinc
West electricinc
2023-10-24
They are on budget and timing is perfect
Amin Sabzehparvar
Amin Sabzehparvar
2023-10-24
Very good quality and professional
david ramandi
david ramandi
2023-10-24
I recently had the pleasure of working with KingsGate Luxury to build my dream home, and I couldn't be more satisfied with the results. Afshin, the project manager, is an absolute professional. His attention to detail, dedication, and expertise were evident throughout the entire process. The quality of work and craftsmanship exceeded my expectations. I highly recommend KingsGate Luxury for anyone looking to build their dream home. Thank you, Afshin, and the entire team for making my vision a reality!
Alex G Ramandi
Alex G Ramandi
2023-10-24
KingsGate Luxury Homes exceeded my expectations in every way. They built my dream home with exceptional quality and professionalism. On-time and on-budget, they're the best choice for a luxury home build. Highly recommended!
saeed zandieh
saeed zandieh
2023-10-24
KingsGate Luxury Homes made my dream home a reality. Exceptional craftsmanship, attention to detail, and professionalism. They delivered on time and within budget. Highly recommend for a top-notch home-building experience!
Hamed Ramandi
Hamed Ramandi
2023-10-23
I was one of the trades, who has been working with KINGSGATE LUXURY HOMES for the past 10 years. I can comfortably say with confidence that AFSHIN and his team are very professional and caring about the quality of the product that they produce. They communicate well with the trades and well with the homeowners. It’s been a pleasure working with them and I am share our relationship will continue for many years to come.