Since 2007

Why Now Is the Time to Renovate Your Home in Toronto

2025 is the perfect time to renovate. Contractor availability, stable costs, and lower interest rates make it a smart moment to invest in your home.

Read Time
5 minutes
Published on
August 14, 2025
Written by
Jeremy Stubbs
Founder

If you’ve been waiting for the right time to start your home renovation, this might be it.

At Craftsman Renovations, we’ve been helping Toronto homeowners reimagine their spaces for more than a decade. Over the years, we’ve worked through hot markets, material shortages, permit delays, and price spikes. But 2025 is shaping up differently. Conditions are aligning in favour of homeowners, and there are some compelling reasons why now is the ideal moment to begin your project.

Contractor Schedules Are Opening Up

During the peak of the pandemic renovation wave, even the most established contractors were booked well in advance. Getting on a trusted team’s schedule could mean waiting a year or more.

Today, timelines are more realistic. Skilled trades are available, scheduling is more flexible, and craftsmanship remains uncompromised.

We have the capacity to take on new projects while still providing the attention, detail, and care that every client deserves. Communication is a key part of that experience. From the first conversation to the final walkthrough, we keep you informed, involved, and confident in the process. There are no surprises, just clarity, collaboration, and results.

Material Costs Have Stabilized

For the past few years, fluctuating material costs made budgeting a moving target. Lumber, windows, tile, cabinets, and other essentials saw rapid price increases and unpredictable lead times.

In 2025, we’re seeing more stability. Supply chains have improved, pricing has levelled out, and planning is more predictable.

This means you can budget more accurately, manage your renovation with confidence, and get the most value from your investment. That said, we don’t expect these stable prices to last forever. Inflation, global supply pressures, and increased demand could lead to higher costs down the road. Now is a smart window to lock in pricing before conditions shift again.

Interest Rates Are Easing

After significant increases through 2022 and 2023, the Bank of Canada has begun easing interest rates. For homeowners planning to finance renovations through a home equity line of credit or refinancing, this change opens the door to more affordable borrowing.

Lower interest rates reduce the cost of financing your project and may make it possible to move forward on renovations that were previously delayed. The sooner you act, the more likely you are to benefit from favourable lending conditions before they shift again.

A well-planned renovation adds lasting value. Whether it’s a kitchen upgrade, a basement finish, or a full main-floor transformation, investing in your home now improves how you live today and increases your property’s long-term value.

Why Work With Craftsman Renovations

We don’t just build, we partner with you. At Craftsman Renovations, we believe that good communication is the foundation of every successful project. We’re known for our transparency, our respect for your time and space, and our commitment to thoughtful, detail-oriented work. When you choose to work with us, you’re choosing a team that keeps you informed every step of the way and prioritizes your peace of mind.

Let’s Talk About Your Home

With availability opening up, material pricing holding steady, and interest rates easing, 2025 presents a unique opportunity. If you’re considering a renovation, now is a great time to get started.

We’d love to hear about your goals, your space, and how we can help bring your vision to life.

Let's Collaborate
On Your Next Project

You will receive outstanding communication and professional service from our trusted team of industry experts. We will guide you through the renovation process from start to finish with dedication to always providing our clients a positive building experience.

The foundation of a significant renovation is built long before a shovel hits the dirt. We believe in relationships and putting people first. You have our guarantee on this.

Let's collaborate and start working on your next great home improvement project.