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Page written by Ian Hawkins. Last reviewed on March 11, 2026. Next review due April 1, 2027.
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
To calculate the price per square foot, you need to know the total cost and the total square footage. Then, you divide the total cost by the total square footage. Here’s the formula:
Price per square foot = Total cost ÷ Total square footage
Example
If the total cost is £10,000 and the total square footage is 1,000 square feet:
Price per square foot = $10,000 ÷ 1,000 sq ft = $10 per sq ft
Across Canada, the average price per square foot varies widely. For example, in cities like Calgary or Ottawa, you might see prices that are more affordable compared to downtown Toronto or Vancouver. It’s always smart to research the local market or consult with a real estate professional to get the most accurate average price per square foot for your desired location.
Finding a good price per square foot depends a lot on where you are. In major cities like Toronto or Vancouver, you might be looking at higher prices due to demand. A decent benchmark is to compare recent sales in the area you’re interested in. Generally, a good price is one that fits within your budget and reflects the value of the property.
A square foot is a unit of area measurement, equal to a square that is one foot on each side. To visualize, it’s roughly the size of a standard piece of paper or a small bathroom tile. In real estate, it’s commonly used to measure the area of homes or apartments, giving you an idea of how much space you’re getting for your money.
Disclaimer: Swoop Finance Ltd (Swoop) helps Canadian firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans or other finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. Swoop may receive a commission or finder’s fee for effecting such introductions. If you feel you have a complaint, please read our complaints section highlighted above and also contained within our terms and conditions.
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