The Cost Comparison

Engineered hardwood in the GTA runs $8–$14/sqft installed. Luxury vinyl plank (LVP) comes in at $5–$9/sqft installed. For a typical 1,000 sqft main floor, that is a $3,000–$5,000 difference.

Durability in Canadian Conditions

LVP wins for water resistance — critical in basements, mudrooms, and kitchens. Hardwood is more susceptible to humidity swings common in Ontario winters but can be refinished multiple times over its lifespan.

Resale Value

Real hardwood still commands a premium from GTA buyers. Most realtors estimate a 3–5% boost in perceived home value with genuine hardwood floors vs LVP.