GROUND Cost Index · trailing 24 months · updated Oct 2026

Office fit-out cost — Toronto & GTA

Computed from 1,128 classified Toronto building permits over the trailing 24 months — quartiles of declared permit values from the public record, never averages, vendor quotes or blog-post ranges.

$200Kmedian declared permit value
$81K–$800Kmiddle 50% of projects (P25–P75)
$120/SFmedian declared permit value per SF
Distribution

Declared permit value

PercentileDeclared value
P25 — smaller projects$81K
Median$200K
P75 — larger projects$800K
Largest in window$100.0M

1,128 comparables · declared values from Toronto building permits, trailing 24 months.

Per square foot

Declared permit value per SF

PercentileDeclared $/SF
P25$59
Median$120
P75$242

892 permits with credible declared gross floor area. The denominator is the permit's declared GFA (all use classes summed); rates outside $20–$3,000/SF are discarded.

By project size

Size changes the number

Size bandProjects Declared $/SF · P25MedianP75
< 5K SF 593 $55 $111 $238
5–10K SF 123 $64 $113 $201
10–25K SF 107 $77 $157 $253
25–50K SF 38 $46 $177 $277
50–100K SF 20 $184 $262 $326
100K+ SF 11 $53 $174 $324
Methodology

What these numbers are — and aren't

Every figure is a declared construction value from a Toronto building permit, classified by GROUND's cost taxonomy (minimum 8 comparables per published category) over the trailing 24 months. Declared values can understate actual hard cost — awarded-contract benchmarks (tiers A/A+) arrive with award ingestion and will recalibrate these numbers where declarations run low. Full tier system and every category: GROUND Cost Index →

GROUND services · Toronto & GTA

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