High-rise condo construction cost per sq ft in Toronto (40–60 storeys)
Condominium and apartment towers of 40 to 60 storeys in the Greater Toronto Area, hard cost only.
Short answer (November 2026): High-rise condo construction cost per sq ft in Toronto (40–60 storeys) in the GTA costs $320–$410 per sq ft in hard costs, before soft costs, contingency and HST (Altus Group 2026 Canadian Cost Guide). For example, a 40 to 60 storey condo tower of 600,000 sq ft comes to $192.0M – $246.0M in hard cost.
A 40 to 60 storey condo tower of 600,000 sq ft
| Hard cost (600,000 × $320–$410) | $192.0M – $246.0M |
| Soft costs at 20% | $38.4M – $49.2M |
| Contingency at 10% | $23.0M – $29.5M |
| Indicative total | $253.4M – $324.7M |
Included: the building above grade, including foundations.
Not included: GST/HST, site development, parking, land and financing. Soft costs and contingency above are illustrative assumptions; change them in the calculator.
Source: Altus Group, 2026 Canadian Cost Guide (GTA hard costs, CAD per sq ft), used with permission. Ranges are indicative; your site, scope and procurement route will move the number. See all 17 building types →