If you are planning to build a custom home in Toronto, your first question is likely:
How much does it cost to build a custom home in Toronto in 2026?
In 2026, the average custom home construction cost in Toronto ranges from:
- 350 to 450 dollars per square foot for mid-range homes
- 450 to 650 dollars per square foot for high-end homes
- 650 to 1,000 dollars per square foot or more for luxury estates
Estimated budgets:
- 1 million dollars: Basic custom home on an existing lot
- 2 million dollars: High-end luxury home with premium finishes
- 3 million dollars: Full luxury estate in prime Toronto neighborhoods
1 Million Dollar Custom Home in Toronto
A 1 million dollar construction budget, excluding land, can build a 2,500 to 3,000 square foot custom home in areas like North York, Scarborough, or parts of Etobicoke.
Typical Features
- 3 to 4 bedrooms
- 9 foot ceilings
- Engineered hardwood flooring
- Quartz countertops
- Custom kitchen cabinetry
- Mid-range appliance package
- Brick and stucco exterior
- Standard windows
- Unfinished or basic finished basement
2 Million Dollar Custom Home in Toronto
A 2 million dollar budget allows for a high-end custom home in neighborhoods like Leaside, The Beaches, and Lawrence Park.
Typical Features
- 3,500 to 4,500 square feet
- 10 foot ceilings on main floor
- Premium architectural design
- Luxury kitchen with high-end appliances
- Custom millwork throughout
- Heated bathroom floors
- Smart home integration
- Designer lighting package
- Fully finished basement with gym or home theatre
- Upgraded exterior stonework
- Professional landscaping
3 Million Dollar Luxury Custom Home in Toronto
A 3 million dollar construction budget allows for a fully customized luxury estate in prestigious areas such as Forest Hill, Rosedale, or York Mills.
Typical Features
- 5,000 square feet or more
- Statement architectural design
- Natural stone exterior
- Elevator
- Wine cellar
- Radiant heated floors throughout
- Spa-inspired bathrooms
- Imported slab stone finishes
- Floating or architectural staircase
- Full home automation system
- Outdoor kitchen and covered terrace
- Premium landscaping and hardscaping
Toronto Custom Home Cost Per Square Foot in 2026
| Build Level | Average Cost Per Sq Ft |
|---|---|
| Mid-Range Custom | 350 to 450 dollars |
| High-End Custom | 450 to 650 dollars |
| Luxury Estate | 650 to 1,000 dollars plus |
Costs depend on lot conditions, architecture, permits, materials, and labor. For a detailed guide, visit our Custom Home Building Cost in Toronto page.
Hidden Costs to Consider
- Architectural drawings and engineering fees
- City permits and inspections
- Development charges
- HST considerations
- Landscaping and driveway
- Utility connections
- Temporary living arrangements
How to Control Your Custom Home Budget
- Finalize design before construction
- Avoid mid-project changes
- Lock material selections early
- Work with a transparent fixed-price builder
- Plan for at least 10 percent contingency
Frequently Asked Questions
- How much does it cost to build a 3,000 square foot house in Toronto?
- A 3,000 square foot custom home typically costs between 1.1 million and 1.8 million dollars depending on finishes and design complexity.
- Does 1 million dollars include land in Toronto?
- Land is generally separate and can exceed 1 million dollars depending on location.
- How long does it take to build a custom home in Toronto?
- Most custom homes take 10 to 16 months from permit approval to completion.
- Is building a custom home a good investment in Toronto?
- Custom homes in desirable neighborhoods often appreciate strongly and have higher resale value compared to older homes.
- Is it cheaper to renovate or build new in Toronto?
- Major renovations can approach new build costs. A knockdown rebuild often provides better long-term value and energy efficiency.