One important thing when it comes to building homes is the total square feet to be covered by the home. Square feet determine to a great extent the cost of a house. Bigger houses will cost more than smaller houses as far as the total square feet is concerned. What you have to know is that the cost per square foot varies across the cities in Canada. Different types of houses have different costs per square foot. Another thing that affects the cost per square foot is location and materials. You can see below how various types of houses differ in the cost per square foot. In Canada, the cost of new construction per square foot varies across the cities. Generally, the average cost per square foot is $100 to $275. This means in most cases you cannot find a new house being constructed outside this range. So you are most likely going to give the correct answer whenever you meet this question, what is the cost of new construction per square foot? You can see the cost per square foot in the following major cities and areas.
This is a city found in the British Columbia province of Canada. If you are looking forward to owning a new home construction in this city then you should be aware that the average cost of new construction per square foot sits anywhere from $150 to $275. This means that most of the new houses fall within this range but at the same time, you can find houses that cost even much higher than $275 per square foot. It only depends on what you get but mostly prepare yourself with something that is within that range.
- Greater Toronto Area
Greater Toronto Area is found in the province of Ontario. It is an area that comprises the city of Toronto as well as the regional municipalities of York, Durham, Peel, and Halton. This area is among the top ten when it comes to the cost of new construction per square foot. You should expect it to be there keeping in mind that Toronto which is among world-class cities is located there. The average cost of new construction per square foot in this area is located in the region of $165 to $260. This still does not mean that you cannot find houses that are way above the $260 mark.
Montreal is a city located in Quebec province. It is the largest city in that province. Someone who is planning to build a new home construction within this city should be prepared to incur a cost of $130 to $190 per square foot. This places it in the top ten as far as the cost per square foot is concerned. That is what should ring in your mind if indeed you want to become a homeowner or investor in Montreal. If you still find that price to be too high, you can look for more affordable prices in other cities.
Calgary is a city found in the Canadian province of Alberta. It is a cosmopolitan city with a population of over 1.3 million people. This city has its average cost of new construction per square foot being anywhere between $125 and $200. If you are comfortable with this price you can try a hand at it and eventually be among the homeowners of new construction homes in Calgary. This could be the real deal you are waiting for.
Edmonton is yet another city in the province of Alberta that has its average cost of new construction per square foot being in the top ten among the cities in Canada. As a potential homeowner, when you visit Edmonton you will not be shocked to see that the average cost of new construction per square foot is within the range of $125 and $200. It is the same as that of the city of Calgary. Remember this is the average, meaning that most of the houses are most likely to fall within this range but others have their cost above $200 per square foot.
Are you interested in owning a new home in Winnipeg? If you choose to have your home located in this city found in the province of Manitoba, you will have to be prepared with $120 to $190 for a square foot because that is the average cost in this city. That is something that you can easily manage and therefore there is nothing that can hinder you from investing in new construction homes in this city.
Are you keen on investing in new construction homes in Ottawa? You should go for it because this capital of Canada has something affordable for you. Located in the province of Ontario, Ottawa has $125 to $205 as the average cost of new construction per square foot. Is this not something you can afford?
- St John’s
Being a city that has affordability on another level, being an investor or a homeowner in the city of St John’s is not something that can be too hard for you especially if you want to try a hand in new construction homes. It is easier because the average cost of new construction per square foot is $120 to $155.
Halifax is a city in the Nova Scotia province of Canada. This city offers you an average cost of new construction per square foot of $100 to $155. This is encouraging as far as new construction homes are concerned.
You can now look for a size that suits you and at the same time is friendly to your pocket. Knowing the cost of new construction per square foot will also enable you to adequately plan yourself before you can go ahead and buy a new home construction. You can do your research and see which city has the most affordable cost per square foot. If you find one then that is exactly where you will probably be settling. You cannot afford to let yourself pay more yet you can pay less somewhere else and still enjoy the benefits of having a comfortable home.