Cost of Living in Toronto 2026: The Complete Guide
A realistic look at rent, transit, groceries and a sample monthly budget in Toronto for newcomers (in CAD).
Toronto is Canada’s largest job market — and one of its most expensive cities. This 2026 guide gives newcomers a realistic picture of monthly costs in Canadian dollars.
Rent
Housing is the biggest expense. A one-bedroom apartment typically runs well above the national average, and prices drop the farther you live from downtown and transit lines.
Transit
A monthly TTC pass is around $156. Many newcomers skip a car at first, since transit and walkability cover most needs in central areas.
Groceries & utilities
Budget roughly $400–$600 per person for groceries, plus utilities (electricity, internet, phone). Heating matters in winter; ask whether utilities are included before signing a lease.
A sample monthly budget (single person, CAD)
- Rent (1-bed or shared): $1,500–$2,500
- Transit: $156
- Groceries: $450
- Utilities & phone: $150–$250
- Personal & leisure: $300+
Making it work
Sharing an apartment, choosing a transit-friendly neighbourhood and arriving with a few months of savings make a big difference. The Daitana concierge helps newcomers find the right home and avoid surprises.
