Cost of living and prices in Toronto, prices of food, rent, shopping, etc. 🇨🇦
Updated Jul 2023

When it comes to dining out in Toronto, there's a world of options available for all sorts of taste buds. From the trendy upscale restaurant scene in Greektown to the bustling foodie culture in Kensington Market, you'll never run out of enticing culinary choices. Toronto is also known for its wide array of cultural and ethnic eateries, such as Tibetan, Lebanese, Korean, and Indian cuisine, to name a few. Additionally, the city is home to some of the best vegan and vegetarian establishments, ranging from cozy cafes to fine dining restaurants. Whether you're looking for a romantic evening out or a casual bite to eat, Toronto's dining scene has it all.

If you're someone who likes to mix food with nature, then Toronto's unmissable rooftop gardens and patios are something you'll definitely enjoy. During the warm weather months, many of Toronto's bustling downtown streets transform into open-air dining rooms, with cafes, bars, and restaurants expanding their seating areas onto the sidewalks and curbs. Soak up the sun and skyline views as you indulge in some of the city's best outdoor dining spots. You can also head down to Toronto's waterfront neighborhood, which presents an iconic view and a plethora of dining options ranging from farm-to-table cuisine to fresh catch seafood restaurants. Whether it's a relaxed or a sophisticated experience, Toronto has plenty of dining options to savor your taste buds and make your trip unforgettable.

In Toronto, the housing market has been on an upward trend for several years now. The demand for housing exceeds the supply, resulting in higher prices for buyers. Despite the increase in housing prices, Toronto remains an attractive location to invest in real estate due to its thriving economy and diverse culture.

Another area where prices have been on the rise is the food industry. With an abundance of restaurants and cafes around the city, the competition is fierce. This has resulted in higher costs for both the establishment owners and the consumers. However, Toronto's food scene continues to evolve with innovative and exciting new options, making it a popular destination for foodies.

If you're traveling to Toronto, you'll be delighted to know that the city has an extensive public transportation network. The Toronto Transit Commission (TTC) provides streetcars, buses, and subways that cover almost every corner of the city. In addition, Toronto has bike-sharing schemes, pedestrian-friendly streets, and the famous ferry service that plies the waters from downtown to the Toronto Islands. With so many options, you can easily get around Toronto while enjoying the city's vibrant atmosphere.

Another great transportation option in Toronto is the taxi service. Several taxi companies operate in the city, offering both traditional taxis and ride-hail services. You can catch a taxi from the airport, from one of the taxi stands, or by booking a ride through an app. If you prefer a more luxurious ride, you may want to opt for a limousine or a private car service. These options provide the ultimate comfort and convenience, allowing you to travel around the city in style. Whether you prefer public transport or private transportation, Toronto has everything you need to make your travel experience unforgettable.

Are you planning a trip to Toronto, Canada? You may not think about it, but one thing to consider is the cost of utilities. The cost of water, electricity, and gas in Toronto can add up, especially if you plan to stay for an extended period. It's essential to factor in these expenses when budgeting for your trip. You can find ways to save money, such as staying in accommodations that offer utilities included in the room price or eating at local restaurants rather than cooking at your Airbnb.

Another thing to keep in mind is that the cost of utilities in Toronto can vary depending on the season. During the winter, you will likely see higher heating costs due to the cold temperatures. The summer months can also cause an increase in the cost of electricity due to air conditioning usage. If you plan on visiting during these periods, make sure to plan accordingly and budget for higher utility costs. Overall, being aware of the potential costs of utilities in Toronto can help you avoid any surprises and ensure you have a stress-free trip.

If you're a sports enthusiast, Toronto is definitely the place for you. The city has a plethora of options for sports lovers, ranging from basketball to hockey, rugby to soccer. Toronto is home to the Toronto Raptors (NBA), Toronto Maple Leafs (NHL), Toronto Blue Jays (MLB) and Toronto FC (MLS), among many others. You can either watch a game live in one of the city's many sports arenas, or opt to participate in a pick-up game yourself. Whatever your preference, there's certainly something for everyone in Toronto's sports scene.

If sports isn't your thing, Toronto is still a great place for leisure activities. The city boasts an array of parks, museums, and cultural attractions. You can take a stroll in the beautiful High Park or enjoy the view from the CN Tower. You can also visit the Royal Ontario Museum, or venture to the Art Gallery of Ontario for a day filled with art and culture. And, of course, you can always go shopping in some of the city's popular malls. Whether you're interested in sports or leisure, Toronto has a variety of options for every kind of tourist.

Salaries in Toronto, Canada are generally competitive and offer a high standard of living. Many industries in Toronto offer well-paying jobs, including finance, technology, healthcare, and engineering. The average salary in Toronto is higher than the national average, and the cost of living is also higher. However, public transportation in Toronto is convenient and affordable, which can help reduce daily expenses. Overall, visitors to Toronto can expect to find a city with a healthy economy and high-paying job opportunities.

Financing in Toronto is diverse and accommodating. Major banks and financial institutions have a strong presence in the city, making it easy for visitors to handle their finances while in Toronto. Additionally, Toronto has a thriving startup scene with several incubator programs and venture capital firms. For those interested in investing, there are multiple platforms available to explore. Tourists can also enjoy shopping in Toronto, as the city is home to several major shopping centers and small boutique stores. Overall, visitors to Toronto can expect to find a range of financing options to meet their needs, whether they're visiting for a short trip or looking to relocate.

Childcare prices in Toronto, Canada are notoriously high compared to other provinces in Canada. Parents in Toronto can spend a significant portion of their income on childcare, especially for infants and toddlers. Schools in Toronto often have longer waiting lists due to the high demand, causing parents to secure childcare as soon as possible. To help offset the high costs, parents are entitled to receive subsidies for lower-income families.

The high cost of childcare in Toronto also extends to Kindergartens. While it can be less expensive than hiring a private nanny or enrolling children in a daycare, it can still be costly. Kindergartens in Toronto are often full-day programs and have educational and extracurricular activities in place to provide children with a well-rounded experience. With the government's introduction of free kindergarten for all four- and five-year-olds, parents can now benefit from having an affordable educational option to best suit their child's needs.

In Toronto, there is a wide range of options for buying clothing and shoes, from high-end boutique shops to more affordable chain stores. Whether you're looking for the latest fashion trends or timeless classics, there is something for everyone in this bustling city. Independent shops offer unique and one-of-a-kind pieces, while big-box retailers provide more budget-friendly options for those on a tighter budget. With so many stores to choose from, it's easy to find the perfect outfit for any occasion.

If you're looking for a more upscale shopping experience, Yorkville is the place to go. This neighborhood is home to luxury clothing and shoe brands, as well as high-end department stores. On the other hand, if you're in the market for budget-friendly options, there are plenty of options in the downtown core. Kensington Market is a great area to explore for vintage and retro finds, while big-box stores can be found in shopping centers like the Eaton Centre. No matter what your style or budget, Toronto has something for every fashion-conscious shopper.

Looking for a short-term stay in Toronto? You're in luck! Toronto offers a variety of options for short-term rentals, including furnished apartments, condos, and single-family homes. Most short-term rentals in Toronto require a minimum of 30 days, so you'll have plenty of time to explore the city and enjoy everything it has to offer. Keep in mind that prices for short-term rentals in Toronto can be higher than long-term rentals, so it's important to budget accordingly.

If you're on a budget, there are also plenty of affordable options for short stays in Toronto, such as hostels and shared accommodations. Hostels are a great option for solo travelers or those on a tight budget, while shared accommodations offer a more communal living experience. Prices for these options are generally lower than traditional short-term rentals, making it easier to save money while still enjoying all that Toronto has to offer. Whatever your budget and preferences, Toronto is sure to have a short-term stay option that's right for you.

Toronto is known to have a competitive real estate market, with a range of buying options for potential homeowners. From high-rise condominiums to spacious suburban homes, there's something for everyone. The city also has plenty of resale options, with pre-owned homes available in various neighborhoods.

While prices vary depending on the location, type of property, and size, Toronto's real estate market has seen a steady increase over the past few years. The city remains a popular destination for both foreign and domestic buyers, and it's common to see bidding wars for desirable properties. Despite the competitiveness, Toronto's real estate market is still relatively stable compared to other major cities around the world.