LifeCost Blog
Toronto

Toronto

Canada

Updated on August 07, 2025

Overview

Toronto is Canada's largest city with a diverse economy and strong job market, especially in finance, tech, and healthcare. Housing is expensive, with one-bedroom rents often above CAD 2,000 monthly. The city experiences cold winters and warm summers. Public transport includes subways, buses, and streetcars, but some areas require a car. Healthcare is publicly funded and accessible. Toronto is generally safe, walkable in many neighborhoods, and culturally vibrant with many communities.

Average cost of living€1,980.64
Quality of Life88/100

Accommodation

Rent room (flat-share)€750.00
1-bed flat (center)€1,536.00
1-bed flat (outside)€1,315.00
3-bed flat (center)€2,503.00
3-bed flat (outside)€2,087.00

Utilities

Basic utilities€95.81
Internet€45.14
Mobile plan€31.55

Transportation

One-way ticket€2.08
Monthly pass€97.08
Taxi start€3.11
Gasoline (1 l)€0.94

Leisure

Cinema ticket€9.96
Fitness club€48.35

Education

Preschool (month)€956.95
Intl. primary (year)€15,320.00

Buying House

sqm in city center€7,738.00
sqm outside center€6,496.00

Advantages

  • Diverse and strong job market
  • Public healthcare system
  • Culturally vibrant and diverse
  • Good public transport in many areas

Disadvantages

  • × High housing costs
  • × Cold winters
  • × Public transport gaps in suburbs
  • × Cost of living is high