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November 14, 2025RESIDENTIAL RENOVATION PRICE INDEX, Q3 2025 Year-over-year (Q3 2025 vs Q3 2024)
Renovation costs in Halifax increased by 2.9% from Q3 2024 to Q3 2025. Across the 15 Census Metropolitan Areas (CMAs) measured, renovation costs increased by 2.1% over this period. Renovation costs were up in all CMAs; the fastest growth was in Regina while Toronto reported the slowest growth.
In Halifax, the prices of windows and in-ground swimming pools increased faster than other project groups. Prices for solar panels were down substantially.
Trends
Since 2017, renovation prices grew most rapidly in the Toronto CMA while Moncton reported the slowest growth in the RRPI. Since 2023, there have been notable accelerations in renovation prices for both Victoria and Regina.
Among project groups, Halifax renovation costs increased the most for exterior additions/improvements since 2017 (though solar panels reported the slowest growth among detailed categories) while flooring reported the slowest growth rate.
Notes: Statistics Canada's Residential Renovation Price Index (RRPI) reports prices for 37 individual renovation project types, categorized into 8 project groups: exterior additions/improvements, flooring, heating/air conditioning equipment, interior additions/remodels, plumbing fixtures/equipment, property improvements, roofing and windows/doors. Contractor's prices include the value of all materials, labour, equipment, overhead and profit for each project (excluding value added taxes and project design costs). These data are collected for 15 Census Metropolitan Areas, including Halifax+East Hants and are not seasonally adjusted.
Source: Statistics Canada. Table 18-10-0286-01 Residential renovation price indexes, by project
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