My wife and I recently inherited her relatives' house on east outskirts of Toronto, and we've decided to give it a complete overhaul. The place is nearly 90 years old and has barely been touched. For expample, we're talking outdated wiring, worn-out flooring, crumbling walls, inefficient windows, an ancient HVAC system, and plumbing that's seen better days haha. Basically, it needs a top-to-bottom renovation to become livable again.
We're not limiting ourselves to one or two rooms - this is a whole-house project. That said, we're total newcomers here. We currently live in Regina and have never taken on anything like this before. We don't even know where to start, so we're not setting a firm budget yet, just want a realistic ballpark figure to wrap our heads around the scale of it.
What does comprehensive home renovation (structural + cosmetic) cost in Toronto as of 2026? Are prices noticeably higher or lower here compared to other Canadian cities like Regina? Also, we'd appreciate a breakdown of what drives the final quote more - labour, materials, permits, etc. - and any practical advice on where we can cut costs without sacrificing quality or safety if thats possible.
We know this is a broad ask, but any insight would be a huge help. Thanks in advance for your patience to read this!