Annual cost guide
Inclusions, exclusions and considerations of Turner & Townsend’s 2025 cost per sqft data
The cost data contained in the report provides an indicative guide only and is designed to assist in the development of initial budgets or to benchmark an estimate. We strongly advise that a cost management professional is engaged on projects to provide independent and specific estimates that reference a specific development and design. Data contained in this cost guide is based on historical, actual project data from over 800 projects across Canada that Turner & Townsend has been involved in.
The unit rates are primarily CA$ per square foot (unless noted otherwise) and are applied to the gross floor area* of the building. These represent a range of costs for each facility type in each geography. The range for each type varies depending on many factors, including but not limited to:
- program requirements
- gross floor area
- systems and material selection (quality)
- building configuration (shape, size, floor to floor height etc.)
- site and soil conditions
- procurement approach
- market conditions
- sustainability targets
Marcos Sibal
Director
The cost range is for hard construction only and excludes all project soft cost, including but not limited to:
- HST/QST
- furniture, furnishings and equipment
- professional and specialist consulting fees
- land and associated Costs
- legal fees and expenses
- project management fees
- marketing and advertising costs
- permits and development charges
- third party commissioning / testing and inspection
- interest and financing costs
- administration expenses by owner
- change order contingency
*Turner & Townsend Canada Inc uses the BOMA standard in definition of ‘gross floor area’.
