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Housing and Real Estate in Toronto, Ontario

19 local experts
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Here's what 19 local experts had to say about housing, real estate, apartments, and more in Toronto.

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Best to find an apartment before moving in, since rental costs are high, and apartments are scarce. Buy a condominium if you can afford it, and best location would be just outside of Toronto – e.g.: in Mississauga. Prices of real estate in Mississauga are lower than in Toronto and the GTA – the Greater Toronto Area. Take with you summer clothing and winter clothing, since summers are warm and hot at times, but winters are snowy and with sub zero temperatures. Do not bring your car with you, cars in the Toronto area are less expensive than in places like Europe.

Theodor, says: 2023

If you move to Toronto you will need to know it is crowded and expensive. Great opportunities for work and cultural diversity. I would compare it a bit to New York. Good access to entertainment, dining, etc. Affordable housing limited.

Toronto is covered in condos, fast paced, congested and crowded. The traffic is terrible. It is multi cultural and has food and people from all over the world.

Sierra, says: 2023

Toronto is a big city. Many in the GTA (greater Toronto area) call themselves Toronto so the population is approx 4 million. A great place to visit as it is very liberal and diverse. All walks of life are found here and are quite safe regardless of religion, gender, sexuality, race, colour, age or social economic status. It is is expensive to live here as housing has become unaffordable to most but to visit you can easily find a hotel for accommodation, great food from all over the world, see great museums, theatre, cultural pockets, sporting events and tons of shopping. Traffic will kill you so the ttc (Toronto Transit Commission) can get you around easily and Uber and Taxis are always available. Very good for those with mobility issues as business try to accommodate everyone. It is clean and safe. No one will know you are a visitor as everyone is from everywhere!

Toronto is a cosmopolitan city with incredible diversity – it is home to nearly all of the world cultures! For that reason, you are bound to find your niche here. Toronto’s diversity also extends to its food scene, with thousand of restaurants serving different cuisines all over the city. One downside to moving to Toronto is the cost of living; housing can get quite expensive. Further, the income and sales tax rates are higher in Toronto/Ontario than in many parts of Canada.

Toronto is a wonderful city. I highly recommend it for its diverse food, fun international bars, and friendly locals. In Toronto you can find excellent cuisine from all over the world at almost any price point. I do caution, however, that newcomers might struggle with the steep housing prices. Toronto is not necessarily welcoming to those without an established career or some life savings who may look to settle down.

Parminder, says: 2020

housing prices in Toronto are quite steep, so they should prepare sufficient funds. They should also know that Toronto is a multicultural city, and the diversity of cultures is reflected in the cuisines and cultural landmarks available. Torontonians are known for being friendly and open-minded, which makes it easy to meet new friends.

I have often heard that Toronto is simply a laid-back version of New York. Although Toronto can initially appear cold and corporate, there is something here for everyone to love. From the logical, grid-like orientation of the streets to the colossal food scene and the growing presence of the arts, there is something here for everyone to love. Just like New York, however, Toronto’s rent prices are absolutely astronomical. The average price for a one-bedroom apartment downtown can range between $1600 and $2300 dollars, with most being on the higher end of that spectrum.

Cassandra, says: 2020

As a Torontonian, people need to know it is a very crowded city. Although, it is not comparable to a city like New York in scale, the population is highly concentrated compared to other parts in Ontario. Due to the high concentration, the living cost in Toronto is quite expensive. You need to consider whether you are ready to pour half your salary into your rent or mortgage installment. But, as a big city, everything you need is within the walking distance, so it doesn’t hurt to consider living in the city when you weigh out the assets and faults.

Toronto is the capital of Ontario, Canada. It is the home of the popular tourist attraction known as the CN Tower, the tallest building in Toronto. Toronto is also the home of the popular NBA team called the Toronto Raptors. It also houses the Toronto Zoo, another popular tourist attraction housing many animals from around the world.

Jennifer, says: 2020

Toronto is a thriving, safe and multicultural city that welcomes immigrants from all over the world. However, newcomers should know the obscenely high cost of housing here. The average family pays at least 50 % of their income towards rent or mortgage servicing costs. Many people are forced to move to the outskirts just to afford a roof over their head, and then require 3-4 hours daily to commute to work and back.

Hayley, says: 2020

Toronto is the most multicultural city in the world. If you are moving to Toronto, there are few things which must know. Winter in Toronto is harsh. winter usually lasts from November to March. However, Spring, Summer and fall are beautiful. You will also find that the city is very lively during summer. Another aspect which you must consider is cost of living in Toronto is high. Apartments are expensive in downtown Toronto and same is the situation in midtown.

Vivian, says: 2020

Someone moving to Toronto should first look into whether he or she will likely be able to afford it long-term. Property values have increased significantly over the past few decades, and the cost of living is relatively high as well. The quality of life is certainly something to be considered, as the clean air, friendly people, and multiculturalism are significant pluses.

House prices are remarkable high in Toronto. Even rent prices aren’t cheap. For this reason, I would highly recommend that they consider living in the suburbs–the commute to and from work may be longer, but housing is way more affordable. That being said, traffic tends to be heavier in most major highways.

Rachel, says: 2020

Toronto is quite crowded, although this varies somewhat from neighbourhood to neighbourhood. Housing in the less crowded areas is expensive. That can be said for all Toronto housing, though. If you can afford to live in this beautiful city, I do heartily recommend it. The diversity of culture and design is wonderful to behold.

Gabrielle, says: 2020

If someone were moving to Toronto they should consider the cost of living. Cost of living, especially housing prices, is very high in Toronto. Another thing to consider is that Toronto is a very diverse city with many parks, restaurants, theaters and sports stadiums. Toronto also offers a good public transportation system.

Andrea, says: 2020

Finding affordable housing in Toronto might be tricky. In the last several years, rent and property prices have been increasing rapidly. It is recommended that you research the neighborhoods in Toronto to find something in your budget. The good news is that there are many safe and interesting areas from which to choose.

Aleksandra, says: 2020

Someone moving to Toronto should consider the elevated cost of items, due to it being a highly populated and sought-after area. Also, finding a home for an affordable price is hard, due to the booming real estate. Toronto in general is an extremely diverse place, and anyone living here is lucky to live in such a beautiful city.

Muhammad, says: 2020

Toronto is a lovely city but with a few problems. Due to a high population density in Toronto, the housing prices here are soaring each day. Those with financial difficulties should choose a more affordable city. Another problem is the weather, the sweltering summer and the freezing winter temperatures are something to worry about.

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