Toronto preview

Canada

The cost of living in Toronto varies a fair bit according to where you choose to live, whether you rent or buy, whether you own or lease a vehicle, and what your social and recreational habits are. Although it is not inexpensive to live in Toronto, the cost of living is generally quite reasonable compared to many other major cities.

The following is a rough estimate of what you can expect to pay while living in Toronto.

Accommodation:

  • $18,000 to $24,000 per year for a rental of a 3-bedroom apartment in Central Toronto

Utilities:

To heat the above apartment

  • Water: $600 per year.
  • Heating: $400 per year.
  • Electricity: $1200 per year.

Food:

  • Milk - $3 per l…