Toronto is one of the most expensive places to live in Canada. However, expats moving to Toronto from parts of the USA or Europe may find the cost of living considerably cheaper. Additionally, the 2019 Mercer Cost of Living Survey ranked Toronto at 115 out of 209 cities surveyed, placing it just behind Vancouver.


Cost of accommodation in Toronto

The largest expense that expats relocating to Toronto will incur is likely to be the cost of accommodation.

The process of buying a property in Toronto is fairly straightforward, even for expats. So those planning a long-term stay will find that it's worth looking into purchasing a home. However, prices have continued to skyrocket in recent times so it won't be cheap.

For those looking to rent a property, costs vary considerably in Toronto and there are lots of options available. 


Cost of food and entertainment in Toronto

It's possible to maintain a good standard of living in Toronto without spending a fortune. The cost of regular groceries is cheaper in Canada than in Europe, but more expensive than in the USA. There are also lots of opportunities to eat out in Toronto at a reasonable price. There are many low-cost entertainment options and plenty of free outdoor activities in Toronto


Cost of transport in Toronto

While the public transport network in Toronto is extensive, expats that choose to have a private vehicle will find the cost of a car fairly economical. Petrol is also relatively cheap throughout Canada. It's important, however, to remember that car insurance premiums are high in Toronto. 


Cost of healthcare in Toronto

Although the Ontario government offers free basic health insurance to residents of Toronto, recipients must have lived in the province for at least three months before they become eligible for this benefit. Therefore, it's best to purchase a comprehensive health insurance policy before moving to Toronto.


Cost of education in Toronto

Expats relocating to Toronto with children may need to factor in the cost of schooling. While expat students with a residence permit are able to attend public schools in Toronto at no cost, those without a permit will be required to pay fees.


Cost of living in Toronto chart

Prices may vary depending on product and service provider. The list below shows average prices for Toronto in March 2020.

Accommodation

One-bedroom apartment in city centre

CAD 2,300 

One-bedroom apartment outside of city centre

CAD 1,900 

Three-bedroom apartment in city centre

CAD 3,600 

Three-bedroom apartment outside of city centre

CAD 2,700  

Shopping

Milk (1 litre)

CAD 2.95 

Loaf of white bread

CAD 3.00 

Chicken breasts (1kg)

CAD 15 

Rice (1kg)

CAD 3.80 

Dozen eggs

CAD 3.50 

Pack of cigarettes 

CAD 16 

Eating out

Big Mac meal

CAD 11 

Coca Cola (330ml)

CAD 2.40 

Cappuccino

CAD 4.50  

Bottle of beer (local)

CAD 8  

Three-course meal for two at mid-range restaurant

CAD 80 

Utilities

Mobile call rate (per minute – mobile to mobile)  

CAD 0.40

Internet (average per month)

CAD 67 

Basic utilities (per month for small apartment)

CAD 140

Transportation

Taxi rate/km

CAD 2

City centre bus/train fare

CAD 3.25 

Petrol (per litre)

CAD 1.20