Cost of Living in Toronto

Toronto is one of the most expensive places to live in Canada. However, expats moving to Toronto from parts of the USA or Europe may find the cost of living considerably cheaper. Additionally, the 2019 Mercer Cost of Living Survey ranked Toronto at 115 out of 209 cities surveyed, placing it just behind Vancouver.

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 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. 

Cost of food and entertainment in Toronto

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 at a reasonable price. There are 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 is also relatively cheap throughout Canada. It is 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. Therefore, it is 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 for Toronto in July 2019.

Accommodation (monthly rent in good area)

Furnished two-bedroom house

3,100 CAD 

Unfurnished two-bedroom house

2,600 CAD 

Furnished two-bedroom apartment

2,100 CAD

Unfurnished two-bedroom apartment

1,600 CAD 


Milk (1 litre)

2.90 CAD 

Loaf of white bread

3.20 CAD 

Chicken breasts (1kg)

18 CAD 

Rice (1kg)

4.60 CAD 

Dozen eggs

3.70 CAD 

Pack of cigarettes 

16 CAD 

Eating out

Big Mac meal

11 CAD 

Coca Cola (330ml)

2.40 CAD 


4.30 CAD 

Bottle of beer (local)

8 CAD 

Three-course meal for two at mid-range restaurant

80 CAD 


Mobile call rate (per minute – mobile to mobile)  

0.45 CAD 

Internet (average per month)

68 CAD 

Basic utilities (per month for small apartment)

145 CAD 


Taxi rate/km

2 CAD 

City centre bus/train fare

3.25 CAD 

Petrol (per litre)

1.20 CAD 

Expat Health Insurance Partners

Aetna International

Aetna is an award-winning insurance business that provides health benefits to more than 650,000 members worldwide. Their high quality health insurance plans are tailored to meet the individual needs of expats living and working abroad.

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Cigna Global

With 86 million customer relationships in over 200 countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world.

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