Toronto
Toronto is Canada's largest city and its financial, business, and cultural capital, offering relocators a diverse, English-speaking, and famously multicultural environment with strong job markets in finance, technology, and film. Housing is expensive by Canadian standards. The city has an extensive subway and streetcar network alongside regional rail, making car-free living viable in the core.
Neighbourhoods
Downtown Core
High-rise financial and entertainment centre with the best transit access and among the highest rents in the country.
Rent 1BR: 1700-2300
Yorkville
Upscale shopping and dining district with premium condominiums; central and expensive.
Rent 1BR: 2000-2600
Liberty Village
Dense, young-professional condo neighbourhood in former industrial buildings, west of downtown.
Rent 1BR: 1700-2200
The Annex
Leafy, central district near the university with Victorian homes and a student and academic feel.
Rent 1BR: 1600-2100
Leslieville
Family-friendly east-end neighbourhood with cafes, parks, and comparatively better value.
Rent 1BR: 1500-2000
Real estate snapshot
- buy per sqm cad
- 10000-16000
- buy per sqm usd approx
- 7000-12000
- rent 1br centre cad
- 2400-3200
- rent 1br centre usd approx
- 1700-2300
- rent 1br outside cad
- 1800-2500
- rent 1br outside usd approx
- 1300-1800
- notes
- USD figures are approximate conversions from Canadian dollars and vary with exchange rates. Toronto is among Canada's costliest markets, and condominiums dominate the rental and first-purchase segments. Foreign-buyer taxes and periodic restrictions have applied in recent years and should be checked before purchasing.
Transport
- • Metro / subway
- • Tram
- • Ride-hail (Uber / Bolt)
- The TTC runs a subway network, an extensive downtown streetcar system, and buses, with GO Transit regional rail reaching the wider region. Uber and Lyft operate widely. Winters are cold, but transit and the underground PATH walkway network make car-free living practical downtown.
Expat community
Toronto is one of the world's most multicultural cities, with very large South Asian, Chinese, Caribbean, Filipino, and European communities and abundant national and cultural associations.
Visa pathways
Related on The Citizenship Desk
Sources & last verified
- Last verified