Settle In
Cost of living in Toronto
The biggest part of your monthly budget in Toronto will go to housing. According to Expatistan, the average monthly rent for a furnished accommodation of 900 sq. ft. ranges from $1,867 to $2,339. By comparison, this is less than half of what you would pay in New York City. Excluding rent, the cost of living in Toronto overall is about 30 percent below the cost of living in NYC.
Cost of Living in Toronto
Prices of Goods and Services in Toronto
Real Estate
The most recent census data show the City of Toronto has 1,047,875 occupied private dwellings, or 48 percent of all dwellings in the Greater Toronto Area (GTA). The average number of persons per dwelling is 2.5. New construction shows more emphasis on row/town houses and high-rise apartments, while the rate of construction for single houses, duplexes, and low-rise apartments has declined.
Interactive Map of Toronto’s 140 Neighbourhoods
Homes for Sale
Apartments for Rent
Locate Key Resources
Hospitals
The City of Toronto is home to more than 40 hospitals, including Toronto General (457 beds), part of the University Health Network. Other highly rated hospitals in the region are Mt. Sinai Hospital (418 beds) and Credit Valley Hospital (376 beds) in Mississauga.
Canadian Hospitals Rated by CBC
University Health Network Hospitals
Mt. Sinai Hospital
Transportation
Travel to Toronto is served by a good network of divided highways (400 series) throughout Ontario as well as a toll road (407). Bus service to and from Toronto is headquartered a the Toronto Coach Terminal in the centre of the city. Two airports provide air service: Toronto Pearson International Airport and Billy Bishop Toronto City Airport. Union Pearson Express trains provide local rail service and GO Transit provides mid distance rail service. Long distance rail service is available with Canadian VIA and American Amtrak. About 37 percent of the Toronto’s residents take public transit to work.
Toronto Transportation Resources
Toronto Pearson International Airport
UP Express Rail Service
Schools
Toronto has strong systems of publicly funded education. The Toronto District School Board (TDSB) serves around 246,000 students in 584 schools as well as more than 160,000 students in Adult and Continuing Education programs. The Toronto Catholic District School Board (TCDSB) serves over 92,000 students in 201 elementary and secondary schools. For higher education, you’ll find four universities and four colleges in Toronto, including Centennial College, Ontario’s first community college (1965).
Toronto District School Board
Toronto Catholic District School Board
Centennial College
Enjoy The City
Hotels
Whether you’re wanting basic or luxury accommodations, you can find lodging of virtually any kind and for any budget. If you’re planning a visit in the Harbourfront or Entertainment districts, consider a suite at the Cosmopolitan Toronto Hotel. Fodor writes that the rooms ending in “03” on floors 17 to 23 offer great views of Lake Ontario. If you’re looking to save, some hotels advertise rates below $60; however, you should budget at least $80 to $100 to secure a good night’s comfort.
Search for Hotels in Toronto
Toronto B&Bs
Restaurants
As an international city, Toronto offers almost any kind of cuisine you may want. Some neighbourhoods are well known for their ethnic foods. Find Caribbean fare in Eglinton West; sample Indian, Punjabi, and Pakistani dishes in Rexdale; and enjoy Greek delights in The Danforth. With an estimated 16,000+ restaurants in Toronto, the choices are practically endless.
38 Essential Toronto Restaurants
Ten Best Places for Brunch in Toronto
Toronto Life Best Restaurant Picks
Things To Do
You could spend years and never see all that Toronto has to offer—and its attractions are constantly changing. One of the most famous of world landmarks, the CN Tower, at 553 meters high, is the Western’s Hemisphere’s tallest, free-standing building. Enjoy dinner in the revolving restaurant and take in breathtaking views of the city. Close by, the Ripley’s Aquarium of Canada is a magnificent collection of marine and freshwater life. It’s open 365 days a year and is perfect for an exciting family adventure.
See Toronto Now Attractions
Things To Do in Toronto