Warehouse construction cost per sq ft in Toronto
Industrial warehouses in the Greater Toronto Area, hard cost only.
Short answer (November 2026): Warehouse construction in the GTA costs $75–$180 per sq ft in hard costs, before soft costs, contingency and HST (Altus Group 2026 Canadian Cost Guide). For example, a warehouse of 200,000 sq ft comes to $15.0M – $36.0M in hard cost.
A warehouse of 200,000 sq ft
| Hard cost (200,000 × $75–$180) | $15.0M – $36.0M |
| Soft costs at 20% | $3.0M – $7.2M |
| Contingency at 10% | $1.8M – $4.3M |
| Indicative total | $19.8M – $47.5M |
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 →