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May 12, 2026RESIDENTIAL RENOVATION PRICE INDEX, Q1 2026 Year-over-year (Q1 2026 vs Q1 2026)
Renovation costs in Halifax increased by 3.6% from Q1 2025 to Q1 2026. Across the 15 Census Metropolitan Areas (CMAs) measured, renovation costs increased by 2.4% over this period. Renovation costs were up in all CMAs; the fastest growth was in Québec City while Vancouver reported the slowest growth.
In Halifax, the prices of bedroom remodelling, windows, and siding increased faster than other project groups. Prices for solar panels were down substantially.
Trends
Since 2019, 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 Victoria, Québec City and Regina.
Among project groups, Halifax renovation costs increased the most for exterior additions/improvements since 2019 (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