May 29, 2024 by in Canada Visa 0 Comment

Cost of Living In Toronto

The city about which we are going to tell you today is considered to be the fourth largest city in North America. 60 percent of people living in this city are from different countries. The second largest skyscraper in the world is also in this city. The world’s biggest underground shopping mall is also in this city. There is a street in this city whose length is 1896 kilometers. Today we are talking about cost of living in Toronto, and what amount of cost you have to bear while staying in Toronto.

The world’s biggest film festival is also considered in this city. If you are fond of sports then this city is a paradise for you. This city is so magnificent that many people must have dreamed of settling in this country once in their life. So, today we are talking about Canada’s beautiful city Toronto. Let’s go on a wonderful tour of Toronto.

The Initial Tour of Toronto

Canada is the second largest country in the world. Toronto is the fourth largest city in North America. The total population here is 62 lakhs. About 50 percent of the people living in Toronto are from other countries. Many individuals came here from India and settle down here. The number of Punjabis in Toronto is so high that the Punjabi language has been given the status of an official language in Canada.

Canada is also known as the mini-Punjab. The city of Toronto is counted among the most developed cities in the world. Economically also this city is very strong. The specialty of this place is that people can roam freely in the city of Toronto without any fear. This is the safest city in Canada.

Well, everything is there in Toronto, but when it comes to the CN Tower here, then everything is left behind. The CN Tower is one of Toronto’s biggest landmarks. The exciting experience of Edge Walk can be taken in this 553-meter-high building. CN Tower is also known Edge-Tower because you are hooked up to a cable and then you can walk on the edge at the height of this tower. 

More than 350+ hotels are carinated within this tower. This city is counted among the cleanest cities in the world. Toronto’s International Airport is included in the list of the world’s busiest airports. 5 lakh flights took off at this airport carrying about 50 million passengers. In 2019 numerous flights take off from Toronto airport to 200 cities.

Toronto’s Living Expenses

The real cost of living in Toronto, Canada varies among people and families, based on personal decisions and other factors. However, travelers visiting Toronto should be informed of certain basic living expenditures.

The cost of living in Toronto is high and it is getting higher. The price of food, housing, transportation, and other necessities have all increased in recent years. Many people are struggling to keep up with the rising costs.

There are a number of factors that have contributed to the high cost of living in Toronto. The city’s population has grown rapidly in recent years, and there is more demand for housing and other services. The city’s economy is also doing well, which has led to increases in the prices of goods and services. If you are thinking of moving to Toronto, it is important to be aware of the high cost of living.

The Breakdown of Basic Expenses

If you’re thinking of moving to Toronto, you’re not alone. The city is a magnet for young professionals and families from all over the world. But what is the cost of living in Toronto?

The answer is – it depends. The cost of living in Toronto varies depending on your lifestyle and where you choose to live in the city. the downtown core is the most expensive, followed by the inner suburbs. The outer suburbs are the most affordable. Here is a breakdown of the costs of some common expenses in Toronto:

  • Rent: $1,500 – $3,000
  • Food: $300 – $700
  • Transportation: $150 – $250
  • Utilities: $100 – $200

All in all, the cost of living in Toronto is expensive but manageable. If you are careful with your spending, you can live a comfortable life in the city. The cost of living in Toronto is very high. The average rent for a one-bedroom apartment in the city is over $2,000. And, if you want to live in a nice neighborhood, you can expect to pay even more. Prices for food, transportation, and other essentials are also quite high.


Despite the high cost of living in Toronto is a great place to live. The city is very multicultural and there are many things to do. If you are thinking of moving to Toronto, you should be prepared for the high cost of living.

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