Toronto, Canada
Canada's largest and most diverse city, a global finance and tech hub with world-class dining — but housing costs are among the nation's highest.
Very High vs Canada Avg (100)
Very Expensive
Household income
Job market health
Toronto vs Canada Average
Taxes
- State Income Tax: 5.0%
- Sales Tax: 13.0%
Economy & Jobs
- Median Income: C$72,000
- Unemployment: 5.8%
- Population: 2,794,356
Climate
- Sunny Days: 206/year
- Summer High: 80°F
- Winter Low: 19°F
- Farming Zone: USDA Zone 5a
Housing
- Median Home: C$1,100,000
- 1BR Rent: C$2400/mo
Cost of Living
Toronto's cost of living index is 128.4 (Canada average = 100).
| Category | Toronto | National Average | Difference |
|---|---|---|---|
| Overall | 128.4 | 100 | +28.4% |
| Housing | 152.7 | 100 | +52.7% |
Data source: Statistics Canada, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | C$1,100,000 |
| Median Rent (1BR) | C$2400/mo |
| Median Rent (2BR) | C$3,000/mo |
| Price per Sq Ft | C$733 |
Data source: Canadian Real Estate Association (CREA), 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Toronto:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | C$165 | |
| Heating & Cooling | C$70 | Estimated based on local climate. |
| Cooling (AC) | N/A | Estimated based on local climate and electricity rates |
| Water | C$55 | Includes sewer |
| Internet (100+ Mbps) | C$65 | Broadband average |
| Garbage / Trash | C$35 | Private service |
| Total Utilities | C$390 | Monthly estimate (including heating & cooling) |
Data sources: Statistics Canada, Canada Energy Regulator, CRTC
Remote Work Score
Toronto scores —/100 for remote work readiness:
Climate
Toronto has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 39°F | 19°F | 2.5" |
| April | 65°F | 34°F | 2.8" |
| July | 80°F | 55°F | 1.5" |
| October | 60°F | 37°F | 2.2" |
Cool — many vegetables, some fruit trees
Natural Hazards
Toronto faces the following natural hazards:
Severe winter storms.
Summer heat waves.
Active seismic zone with significant earthquake risk.
Western Canada has frequent wildfire seasons.
Rockies and coastal mountains with frequent avalanches.
River and lake flooding.
Southern Ontario tornado risk.
Pacific coast with tsunami risk.
Based on historical records and geographic risk assessment.
Taxes
- State Income Tax: 5.05%
- Sales Tax: 13%
- Property Tax: ~1% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 5.8%.
Crime & Safety
Crime rates in Toronto per 100,000 residents:
Data is the Crime Severity Index (CSI) for the Census Metropolitan Area (CMA). CSI is indexed to 100 (Canada = 100 in 2006). Higher values indicate more severe crime. This is not a direct crime rate per 100,000.
Data source: Statistics Canada
Schools & Education
Data source: Fraser Institute — School Performance Rankings
Universities & Higher Education
Data source: Center for World University Rankings (CWUR) & World Universities Database
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Toronto, Canada?
The cost of living index in Toronto is 128.4, which is Higher the Canada national average of 100.
How much does it cost to buy a home in Toronto?
The median home price in Toronto is C$1,100,000. The housing index is 152.7.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Toronto is approximately C$2400/mo.
Does Toronto, ON have income tax?
Toronto is in ON, which has an income tax rate of 5.05%.
What is the climate like in Toronto?
Toronto enjoys approximately 206 sunny days per year. Summer highs reach around 80°F, while winter lows can drop to around 19°F.
Relocation Guides
Data Sources
- Cost of Living: Statistics Canada, 2026
- Housing Data: Canadian Real Estate Association (CREA), 2026
- Income & Employment: Statistics Canada Labour Force Survey, 2024
- Utilities Statistics Canada, Canada Energy Regulator, CRTC
Data last updated: August 12, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.