Custom Home Cost Greater Toronto Area 2021

Generally speaking, a new custom home in GTA costs between $200 to $300 per sq. ft. A high-end custom home with extravagant features could easily reach $400 per square feet. Homes that contain environmentally friendly technologies tend to be more expensive upfront, but the long-term cost savings can end up making this trade-off worthwhile. Other factors that you should consider in the overall cost are the complexity of design, quality of finishes, and Municipal Charges and Services.

Custom home cost falls under two categories of hard and soft costs :

• Hard Costs – These are fixed costs like trade cost and material costs. These costs don’t change unless something is added to it. For instance, a framer charges $10,000 for the job. This is a hard cost
• Soft Costs – Cost that not directly related to construction but need to be considered such as financing, municipal fees , job-site setup, etc.

Builders should provide a list of hard costs and soft costs as part of bid and contract agreements.

How long does it take to build a custom home?

Project duration depends on many factors, including the size of the home, home features, and how well planned is the construction project. The most important part of building a new home is the planning stage. If you have covered all your selection before the onset of the construction, this will speed up the construction project. On the contrary constantly waiting for information before proceeding to the next stage is counterproductive and costly.

Once the plan has been finalized, a prepared home builder will finish a home with modest size and feature within six months, larger home with more complex features takes as much as a year to complete.

Efficient construction management

Once construction has started, it's all comes down to site management with tight balance speed vs quality. An experienced site manager will keep the plan on track without compromising quality. In any situation quality take president over speed. Remember no one remember a house that ran over schedule by a few days if the quality is top-notch.

Below is a list of items for cost estimate for 3000 square foot home in GTA

Line Item	Price	Percentage of overall cost
Demolition and Excavation	$20,000	2.3%
Footing and Foundations	$30,000	3.5%
Framing Labour and Material	$145,000	17.0%
Windows	$28,000	3.3%
Basement Concrete Slab	$15,000	1.8%
Steel Beam and Angles	$5,000	0.6%
Brick and Stone plus Labour	$80,000	9.4%
HVAC	$40,000	4.7%
Electrical	$46,000	2.3%
Pluming	$20,000	2.3%
Inside Stairs	$20,000	2.3%
Drywall	42000	4.9%
Paint	$35,000	4.1%
Tile and Stone plus Labour	$20,000	2.3%
Crown Molding	$12,000	1.4%
Hardwood	$30,000	3.5%
Finish Carpentry and Material	$50,000	5.9%
Cabinet	$65,000	7.6%
Railing	$15,000	1.8%
Roof	$12,000	1.4%
Counter Tops	$9,000	1.1%
Appliances	$30,000	3.5%
Lights and Chandeliers	$10,000	1.2%
Land escaping	$25,000	1.8%
Fence and Deck	$15,000	1.8%
Railing	$15,000	1.8%
Clean up during Construction	$6,000	0.7%
Garage Door	$2,500	0.3%
Main Door	$5,500	0.6%
Sprinkle System	$2,000	0.2%
Faucets	$18,000	2.1%

Consult experts upfront

If you are planning to hire a builder /designer for your custom home, getting him/her on board early on may help to save money since you will have a clear plan and it avoids changes mid-stream.