- Purchase the complete Expat Arrivals Toronto Guide (PDF)
Toronto is one of the most expensive places to live in Canada, though expats moving to the metropolis from major cities in the US or Europe may find the cost of living considerably cheaper.
The 2022 Mercer Cost of Living Survey ranked Toronto 90th out of 227 cities surveyed worldwide, placing it ahead of Vancouver at 108th. The city's ranking has increased from the previous year, making it the most expensive in Canada.
Cost of accommodation in Toronto
The largest expense expats relocating to Toronto will incur is likely 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 with no signs of letting up.
For those looking to rent a property, costs vary considerably in Toronto and there are lots of options to suit any budget.
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 groceries is cheaper in Canada than in Europe, but more expensive than in the US. It’s also possible to eat out in Toronto without breaking the bank. Plus, as a vibrant cultural hub, Toronto has many low-cost entertainment options and plenty of free outdoor activities to engage in.
Cost of transport in Toronto
While the public transport network in Toronto is extensive, it is also one of the priciest in the world. That said, commuting with a monthly pass can bring down costs. Expats who choose to own a private vehicle will need to budget for the considerable (and rising) costs of running a car. Insurance premiums are notoriously high in Toronto, while petrol (gas) prices continue to increase.
Cost of healthcare in Toronto
Although the Ontario government offers free basic health insurance to Toronto residents, the conditions for eligibility state that recipients must have lived in the province for at least three months. It's therefore 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 can attend public schools in Toronto at no cost, those without this 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 in July 2022.
Accommodation (monthly rent in a good area) |
|
One-bedroom apartment in city centre |
CAD 2,125 |
One-bedroom apartment outside of city centre |
CAD 1,814 |
Three-bedroom apartment in city centre |
CAD 3,468 |
Three-bedroom apartment outside of city centre |
CAD 2,907 |
Shopping |
|
Milk (1 litre) |
CAD 3.26 |
Loaf of white bread |
CAD 3.46 |
Chicken breasts (1kg) |
CAD 16.88 |
Rice (1kg) |
CAD 3.71 |
Dozen eggs |
CAD 3.80 |
Pack of cigarettes |
CAD 17.60 |
Eating out |
|
Big Mac Meal |
CAD 12 |
Coca-Cola (330ml) |
CAD 2.52 |
Cappuccino |
CAD 4.82 |
Bottle of beer (local) |
CAD 7 |
Three-course meal for two at a mid-range restaurant |
CAD 100 |
Utilities |
|
Mobile call rate (per minute – mobile to mobile) |
CAD 0.40 |
Internet (average per month) |
CAD 76.06 |
Basic utilities (per month for a small apartment) |
CAD 171 |
Transportation |
|
Taxi rate/km |
CAD 1.75 |
City centre bus/train fare |
CAD 3.25 |
Petrol (per litre) |
CAD 2.01 |
Further reading
► Accommodation in Toronto provides a comprehensive overview of the city's property market
Expat Interviews
"Almost everything is three times more expensive so the cost of living is definitely higher here than in South Africa. Electronics such as phones, TVs, etc., are cheaper though."
Learn more about South African expat, Figo's experience in Toronto in his interview.
Are you an expat living in Toronto?
Expat Arrivals is looking for locals to contribute to this guide, and answer forum questions from others planning their move to Toronto. Please contact us if you'd like to contribute.
Expat Health Insurance
Cigna Global
If you’re thinking about taking out private health insurance, our trusted partner Cigna Global is very aware of all the difficulties that expats can face when it comes to healthcare in a new location, so they have created a range of international health insurance plans specifically designed for expats, which you can tailor exactly to the needs and ensure access to quality care for you and your family.
Moving Companies
Moving Internationally?
Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.