![]() You can save money by choosing less expensive restaurants, where the average price per person is closer to $25. On average, the price of eating out at a mid-range restaurant in Toronto will be around $50 per person. Of course, dining out at a restaurant or ordering take-away will typically cost you more money than if you were to make your own meals at home. This is assuming that you purchase your groceries on a weekly basis, and buy staple food items like milk and meat with each shop. With the rise of food cost in recent years, residents of Toronto can expect to pay about $360 per month on average for groceries. So, if you attended one of each of these activities every month, your leisure expenses would be around $230. In addition to entertainment costs, if you’d like to belong to a gym, the average cost of a fitness membership for one adult in the city is typically around $60 per month. A ticket for a CFL Toronto Argonauts ticket averages closer to $95. For example, the average cost of a Toronto Maple Leafs ticket is just over $60. This is a steal when compared to sporting event prices in the city. These monthly expenses usually include things like local events, concerts, fitness activities, and movie tickets.Īn adult movie ticket will cost you about $15, while a kid’s admission is closer to $12.50. While not always the first thing we think of when it comes to cost of living, leisure activities should be a part of anyone’s budget. That number jumps up closer to $9,000 when considering the average tuition of universities. For example, the average annual cost of attending a college is a little over $3,000. When looking into post-secondary education, tuition fluctuates between colleges and universities. However, if you’d prefer to send your child to a private school, annual tuition in Toronto costs between $17,000 and $26,000. Public school in Toronto is free for Canadian residents. A nanny, on the other hand, would set you back a little more, with the average price being around $18 per hour or $2,400 per month. In Toronto, the average monthly cost for one child to attend a full-day, private daycare or preschool is around $1,600. If you’ll require childcare, the first decision you’ll want to make is whether you’re looking for a spot in a private childcare facility, like a licensed daycare, or a full-time childcare provider, like a nanny. For example, you’ll also want to consider the cost of home insurance or condo insurance, annual property maintenance, and property taxes. If you’re looking to buy a detached home, the average price of a house in Toronto is just under $1.2M.Īs with a rental unit, it’s important to remember to budget for additional costs that aren’t included in your purchase price or mortgage payments. Buying a condo or townhome in the big city will cost you a whopping $12,800 per square metre, with prices dropping only slighting in the more residential neighbourhoods. How much is it to own in Toronto?Īlongside Vancouver, BC, Toronto is one of the most expensive places to purchase real estate in Canada. However, it will not include additional expenses like your renter’s insurance. When it comes to calculating your rent, remember that some places will include utilities and parking in your monthly payment. Outside of the city centre, the cost doesn’t drop much for approximately the same size unit, with the average rent ringing in around $1,800 per month. If you want to live in the city, the price to rent a one-bed apartment will be over $2,000 per month on average. In this section, we break down how much you’re likely to spend on rent or mortgage payments when living in the GTA. Regardless of whether you’d like to rent or own your home, housing costs typically play a large part in most people’s monthly budgets. Whether you’re a single person or part of a family of four, below you’ll find information on the cost of living in Toronto, based on statistics provided by Numbeo. In this article, we break down the monthly costs of: ![]() And with so many people choosing to live here, it’s clearly a desirable place to call home.īefore you pack up your things and rent moving trucks, however, you may want to know a bit more about the average cost of living in Toronto. It offers an abundance of employment opportunities, and relatively easy access to the downtown core of Toronto. ![]() ![]() But what does it cost to live there?įrom Mississauga to Markham, the Greater Toronto Area – commonly referred to as simply the GTA – is one of the most densely populated regions in Canada. As a globally recognized city, Toronto is a vibrant and exciting place to call home. ![]()
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