Does your home insurance cover replacement costs of an expensive couch in Canada?

A couch can cost anywhere from a few hundred dollars to more than $7,000 in Canada. If it's damaged, destroyed or stolen, home insurance may help cover the loss, but whether you have enough coverage depends on your policy and the value of your belongings. 

As furniture prices change, reviewing your contents insurance can help ensure your coverage keeps pace with the cost of replacing household items. 

In this guide, we explore what's driving furniture prices and what those costs could mean for your insurance coverage.  

How much do couches cost in Canada right now? 

Most couches cost between $600 and $3,500, while quality three-seat sofas typically range from $1,500 to $3,500. Entry-level models can be found for less than $300, while premium Canadian-made, leather and custom sofas can exceed $7,500. Prices vary based on materials, construction quality, size and customization options.  

Source: Price ranges are based on sofa listings from major furniture retailers, like Ikea and Structube, operating in Canada as of July 2026 and may vary by size, fabric, configuration and promotions. 

Rising furniture costs can also have implications for contents insurance. As homeowners upgrade furniture or add higher-value items to their homes, it's important to ensure that their contents coverage keeps pace. 

"Most Canadians are not carrying adequate contents insurance to cover the true replacement cost of their belongings," says Fleur Dsouza, service manager at Scoop Insurance. 

Why are couches so expensive in Canada?  

Couches are expensive in Canada because prices are influenced by material quality, trade policies, furniture inflation, reliance on imported products, and the cost of customization.  

1. High-quality materials cost more 

A sofa's price is often tied to the quality of its materials. More expensive models tend to use kiln-dried hardwood frames, denser foam cushions, stronger support systems, and more durable upholstery. Lower-priced sofas are more likely to be made with engineered wood, particleboard, lower-density foam, and less durable fabrics, which can wear out more quickly over time. 

2. Trade policies can affect furniture costs 

Furniture prices are influenced by more than materials and labour. In September 2025, the United States imposed a 10% tariff on imported timber and lumber and a 25% tariff on imported upholstered furniture, including products from Canada, according to CBC. These tariff measures do not include exemptions for CUSMA-compliant goods. 

Industry groups say the tariffs have put pressure on Canadian manufacturers. According to the Canadian Kitchen Cabinet Association, roughly 25% of industry workers were laid off in 2025 amid tariff-related challenges. 

3. Furniture prices surged after Covid-19 years; increases have since cooled 

Furniture prices rose in the years following COVID-19 shutdowns as global supply chain disruptions drove up costs across the home furnishings sector. More recently, those price pressures have eased.  

Statistics Canada reported that upholstered furniture prices fell 0.9% year over year in 2025 , while prices for wooden furniture increased 2.6% and other furniture products, such as mattresses, rose 1.6%. 

4. Most sofas sold in Canada are imported 

Canada's domestic upholstered furniture industry is much smaller than prior years. According to a CBC report, Canadian manufacturers supplied well over half of the upholstered seating sold in Canada less than 20 years ago.  

By 2021, that share had fallen to about one-sixth. As a result, many of the sofas sold in Canada are now imported, making the market more reliant on global supply chains and import tariffs. 

5. Customization is expensive 

Many furniture retailers allow shoppers to customize fabrics, leathers, finishes, and comfort features. Those upgrades often come at a hefty price tag. 

According to La-Z-Boy Ottawa/Kingston, options such as premium upholstery, power reclining mechanisms, and upgraded cushions can add anywhere from a few hundred dollars to more than $2,000 to the price of a sofa. 

Read next: The best home renovations that pay off at resale   

Is your couch covered by contents insurance? 

Contents insurance is typically included as part of most home insurance policies. Whether you own a house, condo, or rent your home, your policy generally includes coverage for personal belongings such as couches, electronics, clothing, and appliances. Coverage limits vary by insurer and policy type, so it's important to review whether your contents limit is high enough to replace your belongings at today's prices. If you're unsure how much coverage you need, compare home insurance quotes and review the contents coverage included in each policy.

According to Dsouza, many Canadians underestimate how much it would cost to replace everything they own at today's prices. 

"The contents limit on most insurance policies stays exactly where it was set on day one. When a fire, flood, or theft strips all of that away in an instant, the gap between what you own and what your policy actually covers can leave a family tens of thousands of dollars out of pocket," Dsouza says. 

Home insurance costs about $800 to $1,200 per year on average in Canada, but premiums and coverage needs vary based on factors such as location, the age of the home, and the value of the belongings inside it. 

It's also important to understand how your policy values your possessions based on coverage options: 

• Actual cash value (ACV): Factors in depreciation, meaning older items may be worth less at the time of a claim. 
• Replacement cost: Pays to replace damaged or stolen belongings with new items of comparable quality, without accounting for depreciation. 

Review your coverage after major purchases to make sure your policy reflects the current cost of replacing your furniture, electronics, and other household belongings. 

How often should you update your contents insurance? 

Dsouza recommends reviewing contents coverage at least once a year and after any major purchase. 

"Every time you bring something new and meaningful into your home—a new piece of furniture, an appliance, or electronics—that value needs to be reflected in your policy,” she says. 

"A simple room-by-room inventory at current replacement prices is the most effective way to protect your family before a loss happens, not after." 

Consumers should also be aware that insurance coverage is based on replacement value, not necessarily what they originally paid for an item. This can be especially important for antiques, collectibles, and second-hand furniture purchased below market value. 

"Insurance is not about what you paid, it is about what it costs to restore you to your pre-loss position,” says Dsouza. "Replacing a genuine antique or a high-end item at today's market price can cost double or more what was originally paid." 

A couch may be the focus of this story, but contents insurance covers much more than furniture. Taking stock of your belongings can help ensure your coverage reflects what it would cost to replace items in your home after a loss. 

Learn more: Contents insurance 101: What it covers and why you need it