Everyone knows Toronto’s housing costs are out of control. But what if you do it yourself?Building a home in Toronto is still very expensive. It can easily be more expensive than buying an existing house.According to one expert estimate, building a home in the Greater Toronto Area can run you between $205 to $280 per sq. ft.But those numbers don’t include a lot of important extras — most notably, the cost of buying the land itself. The final cost will also depend on what type of home you want to build, and the labour and materials involved in building it.How Much House Can I Afford?This is one of the first questions you should ask yourself when considering building or buying a home. It’s often not as straightforward as you might think.When buying an existing home, you’ll need to factor in the home’s sale price as well as the mortgage you’ll have to pay for (probably) decades to come.When building a home, however, there are a number of extra costs to consider. These include the cost of...
