Building a home in Canada: Tips and costs

RE/MAX’s latest article provides insight into the rising costs of building a house in Canada. The average cost now ranges between $100 to $300 per square foot, with factors like location, labor shortages, and material costs contributing to the increase.

Major cities such as Vancouver and Toronto see higher prices, with costs ranging from $185 to $315 and $205 to $280 per square foot, respectively. Despite challenges like supply chain disruptions and inflation, there’s cautious optimism for 2024.

For prospective homeowners, it’s important to consider various options—whether opting for a custom design or a subdivision home. Cost-saving strategies like using reclaimed materials or tackling some tasks yourself can also help.

RE/MAX encourages those looking to build to consult experienced agents for guidance in finding ideal land.