Toronto is one of the most expensive places to live in Canada. That said, expats moving to Toronto from major cities in the US or Europe may find the cost of living considerably cheaper, though this shouldn't be taken for granted as it's continually on the rise.

The 2020 Mercer Cost of Living Survey ranked Toronto at 98th out of 209 cities surveyed worldwide, placing it just behind Vancouver. This is significantly higher than the city's rankings in previous years.

Cost of accommodation in Toronto

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 long-term stay will find that it's worth looking into purchasing a home. However, prices have continued to skyrocket in recent times, so it won't be cheap.

For those looking to rent a property, costs vary considerably in Toronto and there are lots of options available. 

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. There are also lots of opportunities to eat out in Toronto at a reasonable price. There are also many low-cost entertainment options and plenty of free outdoor activities in Toronto

Cost of transport 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 (gas) is also relatively cheap throughout Canada. It's important, however, to remember that car insurance premiums are high in Toronto. 

Cost of healthcare in Toronto

Although the Ontario government offers free basic health insurance to residents of Toronto, recipients must have lived in the province for at least three months before they become eligible for this benefit. 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 are able to attend public schools in Toronto at no cost, those without a 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 January 2021.

Accommodation (monthly rent in a good area)

One-bedroom apartment in city centre

CAD 2,100 

One-bedroom apartment outside of city centre

CAD 1,700

Three-bedroom apartment in city centre

CAD 3,400 

One-bedroom apartment outside of city centre

CAD 2,500 


Milk (1 litre)


Loaf of white bread

CAD 2.90

Chicken breasts (1kg)

CAD 14

Rice (1kg)

CAD 3.80

Dozen eggs

CAD 3.40  

Pack of cigarettes

CAD 15

Eating out

Big Mac Meal

CAD 11 

Coca-Cola (330ml)

CAD 2.40


CAD 4.50 

Bottle of beer (local)


Three-course meal for two at a mid-range restaurant

CAD 90 


Mobile call rate (per minute – mobile to mobile)  

CAD 0.40

Internet (average per month)

CAD 65

Basic utilities (per month for a small apartment)

CAD 140


Taxi rate/km


City centre bus/train fare

CAD 3.25 

Petrol (per litre)

CAD 1.20 

Expat Health Insurance

Cigna Health Insurance

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William Russell Health Insurance

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William Russell is a boutique insurance company, that values itself on its great customer service and is underwritten by Allianz. They provide health, life, and income protection insurance for expats around the world. With a global network of 40,000 hospitals and doctors, their health insurance plans are designed so that they follow you to whatever country you move to next.

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Moving Companies

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