Accommodation in Toronto

Toronto is a big city, but its structure means that it is fairly easy to get around. Downtown Toronto has hundreds of rental opportunities. It is also relatively easy to find a furnished apartment with the ubiquitous craigslist.com carrying numerous good offers.

A hotel can cost as much as $30- 90 per night, so it’s worth finding an apartment quickly, or finding a place before you arrive. For most cities it is the case that the closer to the city the property, the more expensive the rentals become. This is only partly true of Toronto. While the luxury condominiums dot the skyline, there is a large immigrant population living close into the city in the east downtown area. The most striking aspect of this is there are areas that have a multi-million dollar condo taking up space next to a homeless shelter or group home.

This uneven distribution of wealth means that there are apartments available for people from all walks of life almost anywhere in the city. While the district in the west and north have some extremely expensive properties and rentals, there a plenty of town houses, high rises, and small houses in and amongst them from which to choose.

 

Of the things that makes Toronto a beautiful city the Victorian and Edwardian styled inner neighborhoods, such as the Annex and Cabbagetown, that give it much of its personality. In these areas there are rows of old and stately two-story red brick houses, all kitted out with black cast iron ornaments and frames by old and venerable trees. For those whom community an important factor in making property decisions, Kings West is often described by Torontonians a place where neighbours are able to meet and greet.

 

With so many recently constructed condominiums, theres an overflow of luxury accommodation in Toronto. The same $1,200-2,000 that will cover a luxury one-bedroom in the city centre, will find a four to five room bungalow on the outskirts, or a two to three bedroom house in the suburbs. It is possible to find a semi decent one bedroom from about $600 p/m.

 

Like all densely packed cities, costs are measured by the size squared. For those wishing to settle down permanently, Toronto’s luxury condominium market sells at approximately $800 per square foot, with the most opulent on the market topping out at around $2,000-2,500 per square foot. This may sound a lot, but compared to t$5,000 per square foot in New York, Toronto is well priced. The prices for condos range between $150,000 to multiple millions. The average cost of a Townhouse is between $150,000-300,000. Duplexes cost between $200,000 and $500,000. The average price of a detached house is $350,000.