Pros and cons of moving to Toronto

Often ranked as one of the best places to live in the world, Toronto has a thriving economy, vast green spaces, and a vibrancy that can only be born from a multicultural society. As a newcomer, you’ll soon realise that navigating Toronto can be tricky due to traffic congestion and complex road systems, but the city offers plenty of opportunities to sample its world-class cultural and culinary delights.

Our list of pros and cons offers a snapshot of what you can expect in Toronto.

Accommodation in Toronto

+ PRO: Wide range of neighbourhoods

The Greater Toronto Area has a wide variety of neighbourhoods, all distinctive in style, character, and architecture. You’ll have a good chance of finding the right fit for your taste and budget.

Neighbourhoods in Toronto

- CON: Rent is expensive

Toronto has some of the most expensive rental costs in Canada, and there are a few reasons for this. The city has attracted many foreign investors who can afford to pay top dollar for accommodation, which drives up housing costs. 

The addition of condos in many neighbourhoods has further affected rental prices. As the real estate market places a higher value on condos, their presence drives up rent in previously affordable neighbourhoods.

On the bright side, recent data shows a cooling in the rental market, with average rents for one-bedroom apartments slightly decreasing, offering potential renters some breathing room.

Working in Toronto

+ PRO: Strong job market

Toronto is Canada’s financial capital and offers numerous opportunities to further your business career. The city’s financial sector employs more than 200,000 people and is home to some of the world’s biggest tech, pharmaceutical, and international research companies. The startup scene is also robust and constantly creating jobs.

Beyond finance and tech, Toronto is making waves in life sciences, particularly in biotechnology and pharmaceuticals, and its creative industries, like film, media, and design, are also booming. Quantum computing is another exciting growth area, positioning Toronto as a hub for innovation and investment.

Career Opportunities in Toronto

+ PRO: Opportunities in remote work

The rise of remote work has significantly reshaped the job market in Toronto. Professionals from fields like finance, customer service, and marketing can increasingly take advantage of flexible work arrangements. This trend has made Toronto more accessible and appealing to those who value work-life balance and flexibility.

Getting around in Toronto

- CON: Traffic congestion

Getting around in Toronto can be a bit of a headache. Like most big cities, the city struggles with traffic congestion, making driving a hassle. But there are some recent improvements to help alleviate this. 

The MoveTO Action Plan, launched in 2020, introduced ‘smart’ traffic signals that adjust based on real-time traffic conditions, helping to improve the flow of vehicles. Additionally, the Congestion Management Plan includes more traffic agents, AI-based traffic monitoring, and stiffer fines for congestion-causing behaviours – all aimed at keeping things moving more smoothly.

Raising kids in Toronto

+ PRO: Broad schooling options

Raising kids in Toronto comes with a wide array of schooling options. The city’s school and education system are of a high standard. If you’re a resident or have a work permit, you can enrol your kids in public schools free of charge.

Public schools in Toronto are known for their diverse programmes and inclusive learning environments, often ranking highly compared to other major Canadian cities. Many of Toronto’s schools also perform exceptionally well in the Fraser Institute’s assessments, providing parents with confidence in their children’s education.

School and Education System in Toronto

+ PRO: A range of fun activities

You can entertain your children at various attractions, including farms, amusement parks, and kid-friendly museums. There’s no shortage of things to do with the little ones, from seasonal festivals to interactive learning experiences at places like the Ontario Science Centre.

Popular spots like the Royal Ontario Museum (ROM), High Park, and Casa Loma offer engaging and educational experiences that are sure to spark young imaginations. The Toronto Zoo is also a family favourite, with diverse animal species and plenty of educational programmes throughout the year.

Lifestyle, Activities, and Attractions in Toronto

Healthcare in Toronto

+ PRO: Publicly funded healthcare

The Ontario Health Insurance Plan (OHIP) funds Toronto’s healthcare system, and coverage extends to all residents of Ontario. You’ll pay a minimal monthly premium automatically deducted from your salary to access doctors, specialists, and surgery. Toronto’s healthcare services are well-regarded, with comprehensive coverage that ensures you’re well-supported in case of medical needs.

Healthcare in Toronto

Cost of living in Toronto

- CON: The city is expensive

Rent isn’t the only expense driving up Toronto’s hefty cost of living. Drinks, food, and utilities are pricier in Toronto than in other Canadian cities. Despite a recent cooling in the rental market, the overall cost of living remains high, with prices for groceries and dining out particularly steep compared to national averages.

Although it can vary depending on local energy policies, the cost of utilities, such as electricity and water, is comparable to other major Canadian urban centres like Vancouver and Calgary.

Cost of Living in Toronto

Lifestyle in Toronto

+ PRO: Eclectic food scene

Toronto is easily among the best culinary cities in North America. As a foodie, you can explore the world through your palate, thanks to Toronto’s multiculturalism. Options include heavenly dim sum in Chinatown, authentic pasta in Little Italy, tasty curry in Little India, and Mediterranean-style dishes in Greektown. The city’s eclectic food markets and festivals further reflect Toronto’s incredible diversity.

+ PRO: Incredible arts and culture scene

The city is also a wonderland for art lovers, allowing you to sate your appetite for beauty, meaning, and sophistication with an enviable list of attractions. Theatre, live music, comedy shows, and poetry readings will vie with exciting museums and galleries for your attention. Toronto’s arts and culture calendar is always packed, with highlights like the Toronto International Film Festival, Caribana, and Nuit Blanche drawing international audiences.

Arts and Culture Attractions in Toronto

- CON: Challenging weather

Although winter temperatures can still get extreme chilly, Toronto’s climate is slightly milder than other Canadian cities. Conversely, summers can be hot and humid, with temperatures reaching highs of 95°F (35°C). Recent years have also brought more pronounced temperature extremes. Winters offer opportunities for ice skating, while summers bring bustling outdoor festivals, adding to Toronto’s unique character.

+ PRO: Low crime rate

Although some degree of crime is inevitable in every city, Toronto suffers relatively little of it. In fact, it often ranks among the safest big cities in North America and the world. Neighbourhood watch programmes and strong community engagement help maintain a safe environment, making Toronto a great place to call home. Crime rates here are lower than in cities like Chicago and New York, adding to its reputation as a safe and desirable destination.