Toronto preview

Canada

Because of Toronto's large population, and the subsequent demand for housing, securing living arrangements can be a bit of a challenge. While not as high as cities like New York, London, or Vancouver, rent and real estate in Toronto can be on the pricey side. It is, however, still considered to be a "buyer's/renter's market" in Toronto. The cost of housing has dropped a bit in the face of the current recession, but still sits much higher than you would pay in a smaller city. As of 2010, the average Torontonian spent about $19,000 per year on accommodations, or around $1600 per month.

Buying a House

Houses are in high demand in Toronto, with a dwindling supply available. For this reason, purchasing real estate within city boundaries can be very e…