![]() ![]() ![]() ![]() You are usually expected to have a larger down payment that can range between 25–30%. You need a separate loan to buy the vacant land, which usually comes with higher interest rates than a traditional mortgage. There are Home Construction and Self-Build Mortgages available when building a house. When it comes to the average cost to build a home in Canada, according to Altus Group’s 2021 Canadian Cost Guide, the price per square foot for a detached home in major Canadian cities is as follows: ![]() What is the cost to build a house in major Canadian cities? Building a home comes with many benefits, and if we’re being perfectly honest, some headaches. For many Canadians, the dream of building a home is more appealing than just buying one. The average cost to build a house in Canada ranges from $120 to $195 per square foot for a detached home. Ways of reducing costs when building a house. ![]()
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