What is the cost per square foot to build in calgary?
Cost per square foot is probably the most common metric when it comes to determining construction costs for new homes or additions, but we have to be really careful that we include the same basket of expenses when comparing different projects and builders. While one builder may include some costs in their ‘budgeting basket’, another may not.
Typically potential clients will approach multiple builders to get a comparison of cost per square foot, but this is only effective if you have an exact set of specifications—i.e. the exact same home plan, fitted with the exact same finishings.
It’s also important to note that the price per square foot doesn’t encompass the total cost to build the home. For example, one builder may include the cost of utilities, while others may leave that expense up to the client. If you’re curious, you can find a comprehensive list of common line items the in our article, 8 Building Expenses That Are Often Overlooked.
For the purpose of this article, the typical cost per sq. ft. to build a house in Calgary can run between $180 and $350+ dollars per square foot. Some prices are even as high as $500 or more. Simply put, the larger the house, the more expensive the build. The higher-end finish materials will also cost more. As you can see, home building prices in Calgary can vary wildly. One good reference is an industry publication by the Altus Group, which provides the widest sampling of Canadian projects over the course of the year and gives us a good idea of costs across the provinces.
At ESTATA, transparency and accountability are essential to our success, and we believe that you should know all the numbers up front with no surprises. This requires a thorough review of your building plans and specifications, as well as a budgeting process with a knowledgeable construction professional using past project costs as a reference. This process does not take long, and it is the surest way to give you the confidence you need to understand what the total cost will be before the project starts.