Renovation Budget Calculator
Estimate renovation costs for kitchens, bathrooms, basements and more in Canada.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
Estimated Total Budget
$49,833.33
Including 15% contingency
Low Estimate
$33,333.33
Mid-Range Kitchen
High Estimate
$53,333.33
Mid-Range Kitchen
Contingency
$6,500.00
15% buffer
Cost per Sq Ft
$216.67
Mid estimate
Frequently Asked Questions
How much contingency should I budget?
Plan for 10-20% contingency. Older homes or gut renovations should lean toward 20%. Cosmetic refreshes can budget 10%.
Do renovations increase home value?
Kitchen and bathroom renos typically recoup 75-100% of cost. Basement finishing recoup about 50-75%. Cosmetic upgrades have the best ROI.
Should I get permits?
Yes. Structural, electrical, plumbing, and HVAC work requires permits in all Canadian municipalities. Unpermitted work can affect insurance and resale.
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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