Home Renovation Costs in Toronto in 2024
Home renovation in Toronto is a significant investment, and the cost varies widely with the type and scope of the project. Below is what the numbers looked like across kitchens, bathrooms, basements, and whole-home projects, along with the factors that moved them.
Note on these figures: the ranges below were accurate as published in October 2024. Material and labour pricing has moved since. For a current number on your specific project, ask us for a written itemized estimate — it is free and there is no obligation to book.
What Drives Renovation Costs
Material costs. Lumber pricing stabilised compared to the spikes seen during the pandemic, but high-quality finishes — quartz countertops, hardwood flooring, custom cabinetry — remained at a premium. Expect $60 to $120 per square foot for mid- to high-end materials.
Labour costs. Toronto has a shortage of skilled tradespeople, which pushed labour rates up 10 to 15 percent year over year across plumbing, electrical, and general contracting. General contractor rates averaged $80 to $150 per hour depending on specialisation.
Permits and compliance. The City of Toronto requires permits for most major renovations. Fees start around $200 and reach $3,000 for complex projects. Compliance with energy efficiency standards, including insulation and HVAC requirements, adds further cost.
Scope and complexity. A small bathroom remodel costs less than a full kitchen renovation because it touches fewer systems and fewer trades.
Kitchen Renovation Costs
Kitchens are the most commonly renovated space and often return the most at resale. Cost swings with size, materials, and how much is custom.
| Basic kitchen renovation | $20,000 – $40,000 |
|---|---|
| Mid-range kitchen renovation | $40,000 – $75,000 |
| High-end kitchen renovation | $75,000 and up |
A basic renovation typically means refacing cabinets and installing standard-grade appliances. High-end kitchens add custom cabinetry, premium appliances, and marble or quartz surfaces.
Bathroom Renovation Costs
Bathrooms deliver high impact for less money than a kitchen. Plumbing changes, tiling, and fixture quality drive the range.
| Basic bathroom renovation | $10,000 – $20,000 |
|---|---|
| Mid-range bathroom renovation | $20,000 – $35,000 |
| High-end bathroom renovation | $35,000 and up |
A high-end bathroom might include a custom shower enclosure, underfloor heating, and premium fixtures. A basic upgrade focuses on new tile and modern fixtures without moving plumbing.
Basement Finishing Costs
Finishing a basement is one of the cheapest ways to add livable square footage, but it carries its own challenges — moisture control, insulation requirements, and ceiling height.
| Basic basement finishing | $25,000 – $50,000 |
|---|---|
| Mid-range basement finishing | $50,000 – $80,000 |
| High-end basement finishing | $80,000 and up |
High-end finishes usually mean adding a full bathroom, a custom bar area, or a home theatre setup, which moves the total up sharply.
Whole-Home Renovation Costs
Full renovations typically bundle kitchen, bathrooms, flooring, electrical, and plumbing. Costs climb quickly once structural changes are involved.
| Small home (under 1,500 sq. ft.) | $100,000 – $200,000 |
|---|---|
| Medium home (1,500 – 2,500 sq. ft.) | $200,000 – $350,000 |
| Large home (2,500+ sq. ft.) | $350,000 and up |
Cost per Square Foot
Cost per square foot is a useful sanity check on a quote. In Toronto, kitchens ran roughly $200 to $350 per square foot, bathrooms $150 to $300, basements $100 to $200, and whole-home projects $150 to $400 depending on finish level.
These are averages. Structural changes or high-end finishes push well past the top of each range.
Budgeting Tips
Set priorities. Identify the rooms that matter most and allocate budget accordingly. A kitchen usually takes precedence over cosmetic changes in a secondary bathroom.
Get multiple quotes. Collect at least three written quotes from reputable contractors so you can compare scope, not just price.
Plan for contingencies. Hold back an extra 10 to 20 percent for structural surprises and supply delays.
Consider phasing. If the budget is tight, break the project into stages and tackle the highest-priority areas first.
Frequently Asked Questions
How much did a kitchen renovation cost in Toronto in 2024?
A basic kitchen renovation ran $20,000 to $40,000, mid-range $40,000 to $75,000, and high-end $75,000 and up. High-end kitchens typically included custom cabinetry, premium appliances, and marble or quartz countertops.
How much did a bathroom renovation cost in Toronto in 2024?
A basic bathroom renovation ran $10,000 to $20,000, mid-range $20,000 to $35,000, and high-end $35,000 and up. Plumbing relocation, tiling, and fixture quality were the biggest cost drivers.
Do I need a permit for a renovation in Toronto, and what does it cost?
The City of Toronto requires permits for most major renovations, including structural changes, electrical upgrades, and plumbing modifications. Permit fees started at roughly $200 and reached $3,000 for complex projects.
How much should I budget for unexpected renovation costs?
Set aside an additional 10 to 20 percent of your budget for contingencies such as structural surprises found during demolition or supply chain delays.
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