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Toronto is a city in Ontario and the most populated city in Canada. The average cost of living in Toronto is CA$1938 per month excluding tuition fees. Toronto is 27.9% less costly than New York.
Is accommodation affordable in Toronto?
The cost of housing is expensive near downtown. But, you can find affordable accommodations available around the city too. If you choose to share accommodation with a friend, it may help cut down on your expenses.
There’s student housing and apartments you can choose from to stay in Toronto. The cost of living will depend upon your lifestyle, etc.
Before we list the details of the cost of living in Toronto, let’s give you a summary of its costs.
| Expenses | Cost (Average) |
| Average Tuition Fees | CA$30,000 – CA$50,000 / Year |
| Accommodation | CA$1,101 – CA$2,462 / Month |
| Transportation | CA$191 / Month |
Costs of Tuition Fees
Tuition fees will vary and depend on the course and type of university you choose to study in Toronto.
| Undergraduate Tuition Fee | Post-Graduate Tuition Fee |
| CA$20,000 – CA$40,000 / Year | CA$20,000 – CA$50,000 / Year |
Student Accommodation Costs
The cost of student housuing in Toronto is expensive in the main town. But, you can find affordable rooms close to the university except for when they are downtown. There are three types of places you can find in the city, which are listed below:
Student Housing
Student housing is also called PBSA. It is managed by private owners to provide accommodation to students near their universities. It is furnished and offers many amenities to students.
Most of the accommodations are at a distance of under 3 miles. While the ones outside of the city center are upto 20 miles.
| Student Housing | Price |
| Ensuite/ Studio | CA$1,101 – CA$1,319 / Month |
Private Apartment
Private apartments are a great way to rent for student housing. Students love private apartments as they offer privacy, furnished rooms, amenities and bills included.
| Apartment | Price |
| Private | CA$2,098 – CA$2,462 / Month |
University Halls
University halls are an ideal place for freshers. This type of residency offers various rooms for students studying in universities. They are on campus. The building is old with fewer amenities.
| University Hall | Price |
| Ensuite/ Studio | CA$750 – CA$1,800 / Month |
[Read Also: Top 5 Student Accommodations in Toronto]
Food
Food is expensive in Toronto, and the cost of groceries will depend upon store location. And, if you choose to eat out, a meal at a mid-range will cost CA$56 while at a less expensive restaurant will cost CA$22 per person.
Utility Bills
Utility bills are included in student housing and private apartments. As for university halls, some include bills while others do not. It’s best to check with your university before you get a room.
Transportation
The Toronto Transit Commission runs the three modes of transportation in Toronto. They run the bus, subway and streetcar. You can get a travel pass to travel throughout the city and suburbs.
Tip to budget on the cost of living in Toronto
- Eat home-cooked meals
- Buy the second-hand book
- Shop from thrift shops
- Complete online work in the campus library
- Walk or Cycle if it is close to your destination
- Find a shared and affordable accommodation
