
The Parking Lot Guys Inc.
Request a quoteAgincourt, Toronto · 4.6 km out/Sealcoating, Asphalt Repair, Parking Lot Paving
Both surfaces priced over the years you will actually own them, sealing included. Where the two published bands overlap, this says so rather than picking a winner it cannot defend.
Last updated: By The Pavement Desk
per sq ft, asphalt driveway, Ontario
per sq ft, plain concrete driveway, Ontario
Over 12 years, HST included
Concrete comes out $3,661 to $8,272 higher over 12 years on 600 sq ft, about 2.5× asphalt at the low end. Nothing here models replacing either surface.
Asphalt rate from Green Building Canada, Eastern Ontario Paving and Country Contracting, three Ontario sources publishing the same band
Concrete rate from Green Building Canada, Nice Guy Concrete and HAFI Group, three Ontario ranges widened
Published lifespans, not used in the arithmetic: asphalt 15–30 years, concrete 25–50 or more. They disagree by a factor of two, so no replacement is modelled.
The commercial pair is the strongest evidence on this page, and it is worth reading first. Empire Paving, a Toronto and GTA commercial contractor, prices both materials in one sentence on its own site: asphalt at $3 to $6 per square foot and concrete at roughly $5 to $7. One estimator, one scope, both materials. Everything else here is assembled from separate firms with separate assumptions about excavation depth, base preparation and finish, so the gaps it shows are real but noisier.
On residential work the published gap is much larger. Three Ontario sources agree that a new asphalt driveway is $3 to $7 per square foot. Three put plain concrete at $8 to $19, and Green Building Canada puts concrete inside the GTA specifically at $12 to $20, which it attributes to higher labour costs and demand. So concrete is two to three times the upfront cost on a house driveway and about a fifth to a half more on a commercial lot. The reason is hand-work: a driveway is small, has edges, and needs forming, and none of that scales the way a large flat pour does.
Maintenance runs the other way and does not close the gap. Asphalt wants a seal coat every 2 to 3 years at $0.15 to $0.45 per square foot. Concrete wants one every 5 to 10 years at $1 to $2 professionally applied, or $0.50 to $0.75 in DIY materials. Over twelve years a 600 square foot asphalt driveway takes four coats and a concrete one takes a single coat, which moves a few hundred dollars against an upfront difference of several thousand.
This page does not model replacing either surface, and that omission is the most important thing on it. Green Building Canada states asphalt lasts 15 to 30 years and concrete 50 or more. Nice Guy Concrete states asphalt 15 to 20 and concrete 25 to 30 or more. Those bands differ by a factor of two, and any replacement model has to choose a point inside them, a choice that would silently decide the whole comparison. Both figures are printed so you can apply your own horizon; the arithmetic stays with numbers that can be checked.
One published figure was checked and thrown out before it reached this page. Green Building Canada’s asphalt guide lists “Shorter lifespan (7–10 years)” in a pros-and-cons block that reads, at a glance, like an asphalt lifespan. It is not: it belongs to a section about bitumen, or tar-and-chip, which is a different surface entirely. Carrying it across would have been the exact kind of misattribution this site’s sourcing rule exists to catch.
On the questions that are not about money at all, meaning freeze-thaw behaviour, repairability and how each surface fails, there is a comparison on this site that deals with them for a commercial lot: asphalt vs concrete for a parking lot.
Canadian dollars, August 2026. Where the concrete sources disagreed the band was widened across all three rather than averaged, and every source behind a band is named in the row that carries it.
The single most useful thing you can do with the numbers above is take them to contractors who quote both materials, and ask each to price the identical scope twice. AsphaltPavingIndex tracks 92 parking lot paving contractors across the Greater Toronto Area, ranked by the published score.

Agincourt, Toronto · 4.6 km out/Sealcoating, Asphalt Repair, Parking Lot Paving

Vaughan · 9.0 km out/Sealcoating, Asphalt Repair, Parking Lot Paving

Scarborough Town Centre, Toronto · 8.2 km out/Asphalt Paving, Concrete Curbs and Sidewalks, Parking Lot Paving