Metal Roofing Prices in 2023: What You Need to Know Before Investing in a Durable and Cost-Effective Roofing Option

10 Apr Metal Roofing Prices in 2023: What You Need to Know Before Investing in a Durable and Cost-Effective Roofing Option

Compared with asphalt shingles, metal roof cost is slightly higher, but this option is much better in the long term and in terms of value for money. Also, an unquestionable advantage of this type of roof is that the payback period after years is about 95%. But before ordering the roof installation, it is worth evaluating the pricing policy – the average, associated costs, and more.

Price Trends for Metal Roofs in 2023

If you are interested in the cost of metal roofs in Canada in 2023, our guide will help you to understand the matter in more detail. First, we offer you a look at the current price ranges this year for metal installation:

• If you install a roof using corrugated metal or metal tiles, it will cost an average of $7-10 per square foot;
• Installation of a metal roof with a standing seam on average will cost you 16-20 dollars per 1 sq. ft.

In addition, to calculate the cost also depends on many other factors, which will be discussed in detail in our article.

Analysis of metal roof price changes in recent years

The market price of metal depends on 2 main factors – supply and demand. But previously, price hikes have not been that dramatic. In 2021-2022 the world market was facing a shortage of raw materials, which did not bypass steel production. At the moment, a metal roof has become more expensive. Several factors caused this increase:

• the scarcity of steel on the world market;
• the demand for the raw material in different areas;
• the decline in steel production due to the coronavirus pandemic, when many plants were shut down.

It is worth noting that prices have risen not only for the metal roofing products but for the labour as well.

Forecasting metal roof price trends in 2023

Experts predict the cost estimation of a metal roof will only increase. In 2022, experts estimated the global market for metal roofing at approximately $1724.58 million. This market is projected to grow at an annual average of 3.08%. Overall, metal roofing is an excellent investment that will gradually pay off.

Factors Affecting Metal Roof Prices

If you’re wondering how much a metal roof costs, you should first understand what determines the installation’s final cost. We’ve looked at some of the most important factors influencing the pricing for an installation.

The size of the roof

The cost of a metal roof largely depends on the size of the roof. Many people know that contractors charge by the square foot, and others may charge by the hours required to complete the job.

What material is used for the roof

Installation costs depend a lot on the type and quality of the material. The most expensive solution is a metal variant made of copper. 

What style of roof is done

When it comes to a metal roof, customers most often opt for a flat-panel installation. But this is by no means the only possible solution. There are several metal roofing styles available on the market: metal tiles, corrugated sheet metal, standing seam, metal shingles with flat look or imitation of slate or cedar shake.

Suitable coating

Another equally important factor that affects the final cost of installing a metal roof is the type of coating or paint on the metal roof. The standard and more economical coating is Polyester . For a greater performance and longer lasting solution it is worth considering upgrading to PVDF of GreenCoat Pural coating.

The Cost of Installing a Metal Roof Depending on its Type and Size

Installing the right type of roof first requires a fairly thorough calculation. It is impossible to give an unambiguous sum for a wide consumer audience, as several variables have to be considered in this situation. In particular, the cost of a new roof depends greatly on the type and size chosen. There are several important factors to consider in this situation:

The complexity of the roof

The construction of a complex roof structure with irregular shapes, height differences, dormers, skylights, and high slope make the installation more difficult and require longer time to complete.sn. It results in a higher final installation cost than a fairly simple roof with only a gable, eave, and ridge.

Size

The larger the roof area, the more money will be spent. The homeowner can book an estimate from the contractor to calculate exactly how much he will have to pay for the installation of a particular size of it. Often, a company will send somebody to the site to advise the customer on the price or use satellite softwares to get the roof measurement report.

The scope of work

The final price also depends on the condition of the roof itself. The homeowner can choose whether to remove the old one completely or install a new metal variant on top of the old one. For example, if an asphalt shingle roof has to be removed, or plywood needs to be changed, it will increase the price due to additional labour and disposal fee.

Additional Costs When Installing a Metal Roof

Also, remember that the cost of a metal roof in Canada involves additional costs. A homeowner will not only have to pay for the material and the installation cost. There are also a few other expenses to keep in mind.

Removal of the old roof

Generally, a metal roof can be installed on top of the old roofing. In this way, you can save a good deal on removal services. If this is not possible, however, you will have to spend extra money to have the old one removed. In this situation, you should expect this service to cost about $1.0 per square foot for each layer of shingles plus disposal fee.

Comparing the cost of a metal roof with other types of roofs

The cost to install metal roof will be a little more expensive compared to the shingles roof but cheaper compared to other roofs such as slate, cedar, or tiles. We compared different types of roofs and offered a look at the prices of other options.

Asphalt Shingle Roof

It is worth noting that installing the type of roof presented requires much less experience than installing a metal roof. Accordingly, finding a cheap contractor to install a shingle roof is much easier. The wide choice of contractors has resulted in quite a few contractors in the market with competitive installation rates. Therefore, the project’s total cost will be cheaper than installing a metal roof.

How to save money on installing a metal roof

For many homeowners, the average cost of a metal roof may seem quite expensive, but the money spent is fully justified by the longevity, energy efficiency, and other advantages of the type of roof presented. Compared to asphalt roofs, a metal one is always more expensive. At the same time, it is characterized by the following positive qualities:

• excellent weather resistance – a metal roof can last up to 3 times longer than a bitumen roof;
• durability – this property will save thousands of dollars in the long term, thereby avoiding the expense of a complete replacement of the roof if it becomes unusable or the roof overlaps;
• eco-friendliness – many roofing materials cannot boast of this advantage, and metal is fairly easily recyclable;
• energy efficiency – installing a metal roof is a great way to save money on energy costs.

In addition, to save money on a metal roof installation, the 2 most important factors to consider are finding a qualified company that will do all the work quickly and efficiently and choosing the right type of roof for your home. It is better to rely on professionals and approach the matter wisely so that you do not have to pay twice to have everything redone in the future.

Finding a qualified craftsman to install a metal roof

Right away, the first thing to note is that there are better solutions than installing a metal roof by yourself. It is best not to go this route if you are not specialized and have no experience or special knowledge in metal roofing installation. A metal roof is a rather difficult roofing material to assemble. You should therefore leave this task to true professionals in the roofing world.

To find a professional metal roofing contractor, the first step is to decide what type of metal roof you need. Once you clearly understand your future project, you can contact several companies who will work out an estimate for you, offer their rates, and help you choose the best option for your home.

It is best to look for a contractor with an office in your city so you can meet face-to-face with the craftsmen. It also doesn’t hurt to find a contractor who gives a warranty on the materials and the installation itself to protect yourself from further potential difficulties as much as possible. You can also ask around for the right contractor by asking your friends who have metal roofs on their homes.

Choosing the right type of metal roof

When you change the roof of your house, you should make sure that the chosen solution is fully suitable for your building and the amount of money you are willing to spend. It is worth noting that the presented construction is suitable for almost every house. In particular, if it is located in an area constantly exposed to high winds and harsh winters.

The choice of the metal roof depends on individual needs and budget. Suppose you are interested in a fairly democratic solution. In that case, you should pay attention to the metal roof of corrugated panels or metal tiles and choose the thinner gauge steel with Polyester coating.

If price is not the most important decision factor and quality is what you are looking for, a Standing Seam metal roof or metal tiles with premium quality paint is the right choice. Choose a thicker gauge of material and paint with Kynar or GreenCoat Pural BT.

It is best to discuss prices individually with the contractor in all cases. Our specialists can offer you the best option for your house based on your budget and other requirements.