New Roof Cost in Canada by Material
A new roof can be a very valuable addition to your home, increasing its structural integrity and value. Keep reading to learn about the cost of a new roof and how Alpine Credits helps Canadians, like you, foot the bill.
How Much Does a New Roof Cost in Canada?
In Canada, expect to pay at least $1.17 per square foot for a new roof (including materials and installation). That’s the low-end estimate for an asphalt shingle roof, which is the cheapest material. Let’s take a closer look at this and other options.
High-End: $10,000 ($5.88 per square foot)
Low-End: $2,000 ($1.17 per square foot)
Typical Cost: $4,700 ($2.76 per square foot)
Lasts: 15-30 years
As mentioned above, an asphalt shingle roof is the cheapest option. Consequently, it’s the most common type of roof throughout Canada. However, there are different types of asphalt shingles, which can cause the price to vary.
Fiberglass Asphalt Shingles
Fiberglass asphalt shingles are the most common. They’re very lightweight, which means you can install them on a cheaply-built home without needing to increase the weight capacity of your rafters.
Organic Asphalt Shingles
Organic asphalt shingles are actually less environmentally-friendly than the fiberglass variety. The name originates from the fact that they contain more asphalt, which makes them heavier and more expensive.
Asphalt Roof Advantages
Asphalt roofs are durable enough to last between 15 and 30 years. Asphalt is also surprisingly versatile, allowing craftsmen to customize the shingles’ appearance. You can find asphalt shingles resembling more expensive materials although these tend to cost more than the basic options.
Asphalt Roof Disadvantages
While an asphalt roof won’t need to be replaced for at least 15 years, it will likely pick up damage before then. Canadian winters can cause asphalt shingles to warp, crack, and chip.
High-End: $25,000 ($14.70 per square foot)
Low-End: $2,000 ($1.17 per square foot)
Average: $10,000 ($5.88 per square foot)
Lasts: Full lifetime of your home
Metal roofs are a step up from asphalt in terms of quality and cost. While you can find them at comparable rates on the low end, metal roofs cost an average of $10,000 – more than double the average cost of an asphalt roof in Canada.
As you might expect, there are several types of metals to choose from, which can have an impact on price. Here are the materials, ranked in ascending order of approximate cost.
Corrugated steel is among the cheapest metal roofing materials to install, costing roughly $10,000 on average. Because the material is so thin, crews can install it over an existing roof relatively easily, which saves you money.
Tin is another relatively cheap metal roofing material. It offers corrosion resistance and versatility, coming in the form of a flexible sheet. The downside with tin is that it can be noisy and develop rust over time.
Aluminum’s flexibility makes it a versatile material. Craftsmen can bend it into just about any shape you want. Aluminum’s reflective nature also prevents your home from heating up too much in the summer months, allowing you to run the air conditioner less.
Copper holds up remarkably well and is one of the most dynamic roofing materials available. As the metal oxidizes, your roof will begin turning a light green (think the Statue of Liberty).
The cost of a new roof made from copper can exceed $30,000. That’s no small amount of money but it’s still not the upper limit as far as metal roofing is concerned.
As you might imagine, Canadian winters are very rough on roofing materials. As a self-healing material, zinc counteracts scratches and builds up a weather-resistant coating over time.
Metal Roof Advantages
Metal roofing has many things going for it. For one, the various types of metals used on roofs look far more premium than asphalt shingles.
There’s also the undeniable benefit of durability. Metal roofing can easily last as long as your home itself, making your next roofing project the last you’d ever need to do.
Metal Roof Disadvantages
The major downside with metal roofing is undeniably its cost. If you want your roof installed right, you’ll pay upwards of $10,000 for it. Additionally, metal roofing offers poor noise insulation, making rain sound thunderous.
Additional Costs to Keep in Mind
Here are some additional costs to keep in mind when budgeting for a new roof installation. You won’t necessarily incur every single one of them; however, those that you do incur can increase the job’s complexity substantially.
Removing Old Materials
Crews can save you money by installing your new shingles or sheets directly above the old ones. However, this only makes sense if the old roofing materials are in good shape. Otherwise, they’ll need to be removed, which can add roughly $1,000 to the costs we’ve mentioned thus far.
If you choose a heavier roofing material, you may need to reinforce your rafters. This can be very expensive, costing upwards of $10,000 depending on the situation. It’s not something you can skip, either, since an overbearing amount of weight on your rafters can affect your home’s structural integrity.
If you live in a humid part of Canada (such as British Columbia), you’ll need to account for additional moisture that can contribute to fungal growth on your shingles.
How Alpine Credits Helps Canadians Cover Roofing Costs
Now that you know how much a new roof costs in Canada, you may be wondering how to come up with enough cash to have one installed. After all, most Canadians don’t even have $4,500 lying around to cover the cost of installing a cheaper asphalt roof.
Don’t worry. As long as you own your home, Alpine Credits can help you secure a low-interest loan to cover the cost of replacing your roof.
Qualifying for a home equity loan is simple. Unlike other lenders, we don’t scrutinize your income or credit report. Our primary concern is the amount of equity you have in your home.
Click here to learn more about how our home equity loans work. Applying is easy! We strive to give you a decision within 24 hours.
At Alpine Credits, Homeowners get Approved.
Apply today or call (1-800-587-2161) to find out how much you can qualify for.
Frequently Asked Questions
Oil prices have a direct influence on the cost of a new roof. It’s also gotten more expensive to dispose of old roofing materials, which gets passed onto you.
If you don’t have any cash on hand to cover your new roof purchase, don’t fret. Alpine Credits can help you tap into your home equity. As long as you own your home, we can get you a low-interest loan.
Asphalt is the cheapest roofing material by far, costing as little as $1.17 per square foot (materials and installation).
While the Canadian government offers incentives (i.e. rebates) under certain circumstances, this typically isn’t enough to cover the cost of a new roof installation. You’ll still need to secure financing elsewhere.
Home insurance will only cover roof leaks caused by some unavoidable situation, such as a falling object. If your roof leak is simply the result of wear and tear, you’ll need to pay for it yourself.