Cost of Living in Toronto

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cost of living in torontoToronto is one of the most expensive places to live in Canada. However, expats moving to Toronto from parts of the USA or Europe will find the cost of living considerably cheaper. Additionally, the 2017 Mercer Quality of Living Survey for cities around the world ranked it at 16th, behind only Vancouver. 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 lengthy stay will find that it is worth looking into purchasing a home. However, prices have continued to skyrocket in recent times so it will not be cheap.
For those looking to rent a property, costs vary considerably in Toronto and there are lots of options available. The average rent on a one-bedroom property is around CAD 1,700 per month and a two-bedroom rental could reach around CAD 2,100 per month.
It is 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 for a reasonable price. There are low-cost entertainment options and free outdoor activities 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 is important, however, to remember that car insurance premiums are high in Toronto. 
Although the Ontario government offers free basic health insurance to residents of Toronto, recipients have to have lived in the province for at least three months before they become eligible for this benefit. Therefore, it is best to purchase a comprehensive health insurance policy before moving to Toronto.
Expats relocating to Toronto with children will also need to factor in the cost of schooling. Expat students with a residence permit are able to attend public schools in Toronto at no cost. However, those without a permit will be required to pay CAD 8,000-14,000 per year. Most expats in Toronto opt to send their children to international schools, where fees range from CAD 20,000 to CAD 28,500 per year.

Cost of living in Toronto chart

Prices may vary depending on product and service provider. The list below shows average prices for Toronto in July 2017.
Accommodation (monthly rent in good area)
One-bedroom property CAD 1,700
Two-bedroom property CAD 2,100
Milk (1 litre) CAD 1.99
Loaf of white bread CAD 2.61
Chicken breasts (1kg) CAD 11.25
Rice (1kg) CAD 2.87
Dozen eggs CAD 2.83
Pack of cigarettes (Marlboro) CAD 12
Eating out
Big Mac meal CAD 9
Coca Cola (330ml) CAD 1.79
Cappuccino CAD 3.81
Bottle of beer (local) CAD 6.50
Three-course meal for two people at mid-range restaurant CAD 70
Utilities (monthly)
Mobile call rate (per minute - mobile to mobile)   CAD 0.36
Internet (uncapped ADSL or cable) CAD 59.43
Basic utilities (per month for small apartment) CAD 125.48
Hourly rate for domestic worker CAD 22
Taxi rate/km CAD 1.75
City centre bus/train fare CAD 3
Petrol (per litre) CAD 1.08

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