So, you've found a great home in the Greater Toronto Area-but it needs a little work. Maybe it's an outdated kitchen, worn-out flooring, or a roof that’s seen better days. Renovating can completely transform a space, but how much should you actually expect to spend?

At Broko, we help you look beyond just the listing price. Because when you factor in renovations, your total cost of ownership changes. This guide breaks down typical home renovation expenses in the GTA so you can plan your move-and your budget-more confidently.

🎨 Interior Painting

Fresh paint is one of the most common and affordable upgrades. On average, painting a standard home in the GTA will cost between $4,000 to $8,000, depending on the size, number of coats, wall condition, and whether you go DIY or hire professionals.

🪵 Flooring Replacement

Flooring can dramatically impact the look and feel of your home. Vinyl plank or laminate flooring starts around $6 per square foot, while solid hardwood or engineered flooring can go up to $14 or more. Add costs for removal of old flooring, leveling, and installation.

🍽️ Kitchen Remodel

In the GTA, a complete kitchen renovation usually starts at $25,000 and can go well over $50,000 for custom cabinetry, luxury appliances, and stone countertops. Modular or IKEA-style upgrades may save you money, but always factor in plumbing, electrical, and layout changes.

🚿 Bathroom Renovation

A full bathroom remodel ranges from $10,000 to $25,000 depending on size, tile choice, and whether plumbing is moved. Consider waterproofing, ventilation, and space optimization-especially if it’s an older home.

🏠 Roof Replacement

Replacing an asphalt shingle roof in the GTA typically costs between $6,000 and $12,000, depending on the slope, size, and materials. Metal or composite roofing costs more but can offer better longevity and energy efficiency.

🔌 Electrical Upgrades

Buying an older home? You might need a full electrical upgrade. This includes replacing the panel, updating outlets, and ensuring the system meets modern safety codes. Expect to spend $8,000 to $15,000, especially if rewiring is needed throughout the home.

🚰 Plumbing Updates

Outdated plumbing can lead to costly repairs down the line. A full plumbing overhaul could cost anywhere from $5,000 to $12,000, depending on access and whether you’re reconfiguring bathrooms or kitchens.

🛋️ Basement Finishing

Finishing a basement is a great way to add livable space and boost resale value. Costs vary based on scope, but typically range from $30 to $60 per square foot. This includes framing, insulation, drywall, flooring, and possibly adding a bathroom or kitchenette.

🪟 Window Replacements

New windows not only improve curb appeal-they save on energy bills too. In the GTA, replacing standard windows can cost between $500 to $1,200 per window, with energy-efficient or custom options priced higher.

❄️ HVAC Installation

Upgrading or installing a new furnace and air conditioning system can run between $7,000 to $12,000. Ensure the HVAC is sized properly for your home to avoid long-term inefficiencies.

💡 Planning Your Renovation Budget

Renovations are exciting-but they can easily spiral out of control if not budgeted properly. Here’s how to stay on track:

• Always get at least 2-3 contractor quotes
• Build in a 10-15% buffer for unexpected costs
• Prioritize structural or functional upgrades before cosmetic ones
• Explore government rebates for energy-efficient upgrades

🚀 Buy Smart with Broko

At Broko, we go beyond property listings. Our platform gives you real-time pricing insights, expert-backed recommendations-all in one place. Whether you’re eyeing a condo in Mississauga or a detached home in Scarborough, we help you buy with confidence