Toronto Star on April 26 2025 estimated the increased cost to build condominiums between 2014 and 2024
Land +57%
Construction +90%
Municipal Fees +238%
Design +67%
Marketing +125%
Sales Commissions +150%
Other soft Costs +110%
Finance +200%
TOTAL COSTS +109%
Gross Price for Home Buyer +100%
Less HST +239%
Net Revenue for Developer +93%
TOTAL PROFIT -67%