Rising Material Costs: Why the Best Time to Renovate is Now

Mark Davies • October 31, 2026

If you’ve been telling yourself you’ll renovate “next year” or “once things settle down,” here’s an honest question worth asking yourself: what if waiting is the most expensive decision you can ever make?

 

Renovation costs in Canada have been climbing for years, and 2026 has added a fresh round of tariffs and trade uncertainty on top of that. Some material prices jump overnight. Others creep up quietly in the background. But very few of them ever go back down to where they were.

 

Here’s what driving costs right now, what it means if you’re planning a renovation for your Burlington or Oakville home, and how to protect your investment before prices shift again.

New Tariffs Reach Further into Your Renovation Than You Think

On September 8, 2026, Canada doubled its counter-tariffs on many U.S. steel and aluminum products from 25% to 50%, and added new tariffs on appliances, furniture, and a long list of other reno related products. Most homeowners hear “steel tariffs” and picture skyscrapers. But in reality, these materials show up all over a typical home renovation.

What’s Happening:

• 50% counter-tariffs on U.S. steel and aluminum products, including structural steel, nails, screws and bolts

• 25% counter-tariffs on appliances and certain steel and aluminum derivative products

• 50% counter-tariffs on furniture

What it Means for Your Renovation:

Steel and aluminum are hidden inside fasteners, metal studs, ductwork, railings, window and door frames and flashing, and appliances are one of the costliest single line items in a kitchen renovation. Because these new rates only took effect in September, their full impact has not shown up in the official numbers yet – but these numbers should really make you want to pick up the phone right now.

How to Protect Your Budget:

• Choose appliances, fixtures and finishes early in the design stage so they can be priced and ordered ASAP

• Ask a contractor how material price changes are handled in the renovation agreement

• Avoid leaving major selections until mid-construction when prices may have already shifted

Bright modern kitchen with white cabinets, wood floors, and a central island.

The Official Numbers Only Tell Part of the Story

On paper, renovation inflation looks modest. But small yearly increases add up quickly, and the builders doing renovation estimates every day say the real increases are bigger than the headlines suggest.

What’s Happening:

• Statistics Canada’s Residential Renovation Price Index rose 2.3% year over year in the second quarter of 2026

• The Canadian Home Builders’ Association reports that renovators believe the official figures understate the true cost increases they’re seeing

• Residential rebuild costs in Ontario rose 23.8% between 2021 and 2026 according to Verisk

What it Means for Your Renovation:

A 2 to 3% increase sounds small until you apply it to a real project. On a $100,000 renovation, that’s $2,000 to $3,000 for every year you wait – and that’s before any tariff-driven jumps on specific materials affect your budget. Wait three or four years, and the same kitchen or basement can cost noticeably more for the exact same result.


How to Protect Your Budget:

• Plan around current, written quotes rather than an estimate you got a year or two ago

• Set aside a realistic contingency fund for the unexpected

• Lock in your scope and pricing once your design is finalized

Skilled Labour is Getting Harder to Book

Materials get the headlines, but labour also a large share of your renovation budget. In the GTA, labour typically makes up 40 to 50% of the total cost of a renovation, and the skilled trades shortage isn’t going away.

What’s Happening:

• Ongoing shortages in the skilled trades continue to push labour costs up across Ontario

• Labour, materials and permit approval processes are all adding to what renovators pay to deliver a finished product

• The best trades book up early, especially heading into spring

What It Means for Your Renovation:

Waiting doesn’t just risk a higher price for your renovation costs, it can also mean a later start date, a longer timeline and more unknowns than you care to experience. It goes without saying, but the homeowners who plan in the fall and winter are the ones who get the spring start dates.

How to Protect Your Budget:

• Start the planning and design process now, so you’re ready to build when your preferred start date opens up

• Leave time for permits and approvals, which can add weeks to the timeline of getting your project started

• Work with a contractor who uses a consistent, trusted team – rather than whoever is available next week

Why “Waiting for Prices to Drop” Rarely Works

It’s natural to hope costs will come back down – and occasionally a single material cools off for a while. But the overall cost of renovating has moved in one direction for a long time now, and every new round of tariffs or labour pressure resets the starting point a little higher than it was even one month ago.

What We See Every Year:

• Homeowners who put off a project often come back to a higher quote for the same scope of work

• Small problems like a leaky shower, an aging furnace or a damp basement tend to become bigger, more expensive problems as you put off starting your reno

• The longer a family lives with a layout that doesn’t work, the more they end up wanting to change the scope

 

How to Make Today Work for You:

• Focus on the projects that will make the biggest difference to how your family lives

• If your budget is tight, phase the work – but get the plan and pricing for phase one locked in ASAP. Ie. if you plan on doing hardwood on your main floor this year and your second-floor next year, we can still order all of that material now to reduce the risk of price increases

• Remember that you get to enjoy the finished space sooner too (life is short, right?)

Fixed Pricing: Your Best Defence Against Rising Costs

You can’t control the tariffs or the price of steel. But what you can control is when you lock in your price and who you trust to deliver it.

How This Looks With the Right Contractor:

At Davies General Contracting, we used fixed pricing, so you know your exact cost and timeline before construction even begins. In practice, that means:

• Your price is set once your design and scope are finalized

• It only changes if you request a change

• Materials are pre-ordered during the preparation phase, before construction starts

• You get regular progress updates, so you always know where your project stands, and where it’s headed

 

When material costs are unpredictable, a fixed-pricing plan turns a moving target into a number you can actually budget around.

White built-in cabinets and bench storage in a bright entryway with a wooden top and black handles

How to Renovate in 2026/2027 Without Overpaying

Nobody can promise exactly where prices will go next. But the pattern over the last several years is clear, and the safest way to stay on budget for your renovation is to plan early, make your design and material choices up front, and lock in your cost with a contractor who can stick to it. The renovation you’re dreaming about isn’t going to get cheaper by waiting. The best time to start planning is now.

Ready to Lock in Your Renovation Budget?

If you’re thinking about a kitchen renovation, basement renovation, main floor renovation or whole-home renovation in Burlington or Oakville, now is the time to start the conversation. We’ll walk through your home with you, talk about how your family lives every day, and give you a clear, fixed-price plan so you know exactly what to expect before the work begins. 

 

Rising costs are out of your control – but your renovation plan doesn’t have to be. Contact Davies GC today.

Davies General Contracting, Burlington general contractor, Burlington renovations
By Mark Davies • October 3, 2026
For homeowners looking for a Burlington General Contractor, we think that's an important distinction. A renovation isn't finished just because it photographs well. It needs to work well, feel right, and hold up to actual everyday life.
By Mark Davies • September 17, 2026
You know what’s funny? A lot of people start planning a renovation by thinking about what they want it to look like. New cabinets. New countertops. New flooring. New paint. All important. But that’s not where we like to start. One of the first things we want to know at Davies General Contracting is pretty simple: How do you actually live in your home? Because once we know that, the renovation starts making a whole lot more sense. Your Home Has to Work on a Tuesday Morning Too It’s easy to design a room for the photos. Real life is a little different. Maybe everyone ends up standing around the kitchen whenever you have people over. Maybe weekday mornings turn into a traffic jam outside the bathroom. Maybe you have a beautiful dining room that gets used three times a year while everyone actually hangs out somewhere else. Or maybe your basement has slowly become the place where hockey equipment, Christmas decorations, and everything you don’t know what to do with goes to retirement. That’s the stuff we want to know. Because a great renovation shouldn’t just make your home look better. It should fix the things that drive you nuts about living there. Sometimes the Answer Is a Kitchen. Sometimes It’s the Whole Main Floor. We do a lot of Burlington kitchen renovations, and one of the first things we look at is how that kitchen connects to the rest of the home. Would opening it to the dining room make entertaining easier? Does the island need seating? Is there enough storage? Is everyone constantly crossing paths while somebody’s trying to cook? Sometimes the kitchen itself isn’t even the whole problem. That’s where a Burlington main floor renovation can completely change how a home feels. Opening up the right spaces, improving how rooms connect, adding storage where it actually helps, and giving the main floor a purpose that fits the family living there. And no, that doesn’t automatically mean knocking down every wall in sight. Sometimes a wall is there for a reason. We like those too. The Same Thinking Applies Everywhere Else Bathrooms are another good example. A Burlington bathroom renovation might start because the room looks dated, but once we start talking, the real issues usually come out. Not enough storage. A shower that’s too small. Poor lighting. An awkward layout. Two people trying to get ready at the same time and neither one particularly enjoying the experience. Now we have something to work with. Basements are the same. Instead of simply “finishing the basement,” we want to know what would actually make you go downstairs. A family room? Home office? Gym? Extra bedroom? Bathroom? Somewhere for the kids to disappear for a few hours? A good Burlington basement renovation should turn that square footage into a real part of the home – not just a nicer place to store boxes. Bigger Isn’t Automatically Better This is something we’ve learned over the years as a Burlington General Contractor. The best renovation isn’t necessarily the biggest one. Sometimes changing a layout solves the problem without adding any square footage. Sometimes one bathroom needs attention. Sometimes the kitchen is the missing piece. And sometimes the house really does need to be reconsidered from top to bottom. That’s when a whole home renovation starts to make sense. The point is, the scope should come from what the home needs – not from trying to make the project bigger for the sake of making it bigger. The same thinking goes outside. Exterior renovations can improve how you use and enjoy the home while making the exterior feel like it actually belongs with everything you've done inside. Every house tells us something different. What About Resale? Of course resale matters. Nobody wants to put money into their home and make it worth less. But we also don’t think you should spend the next ten years living in a home designed entirely around what some imaginary future buyer might want. There’s a balance. Homes with sensible layouts, useful storage, quality workmanship, functional kitchens and bathrooms, and spaces people genuinely enjoy tend to make sense to future buyers too. So yes, think about value. Just don’t forget that you’re the one living there right now. Burlington First. Oakville Too. Burlington is home for Davies General Contracting, and it’s where we complete a large portion of our renovations. We also work with homeowners looking for an Oakville General Contractor for renovation projects, bringing the same straightforward approach to kitchens, bathrooms, basements, main floors, interiors, exteriors, and whole home renovations. Different houses. Different families. Different priorities. But that’s exactly the point.  Start With a Conversation Before you start worrying about countertops, tile, or what colour the cabinets should be, figure out what you actually want your home to do better. What works? What doesn’t? What annoys you every single day? What do you wish you had more of? That’s where the good stuff starts. If you’re planning a renovation in Burlington or Oakville, start by talking to Davies GC about how you actually live in your home. We’ll take it from there.
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