How much is the average rent in Toronto in Ontario, Canada?

Toronto residents lead an exhilarating, chance-filled lifestyle. It is one of the most culturally diverse cities in the world is Toronto, which is well known for its wide variety of cuisine, entertainment, and climatic conditions. Toronto is a city where people from all over the world come to call home because roughly half of its population was born abroad.

Due to the city's overabundance of luxury and convenience, Toronto has a high cost of living. Therefore, today we will see the average rent in Toronto, Ontario, Canada.

How much is the average rent in Toronto in Ontario, Canada?

According to the rent report, among Canada's largest markets, Toronto has had the highest annual growth in rent over the past year. Although the Toronto housing market experienced a significant drop in prices of up to 6% from July to August, but prices have since started to rise once more and are about to reach an all-time high.

As of November 2022, the typical rent for a studio apartment in Toronto rose by 3% to $1,795 per month. The average rent for a 1-bedroom apartment increased by 5% to $2,295; the average rent for a 2-bedroom apartment increased by 7% to $2,940, and the average rent for a 3-bedroom apartment increased by 6.7% to $3,542.

Average rent in Toronto in Ontario, Canada

The average rent in Ontario is still increasing at a startling rate as a result of rising interest rates and home demands. However, it's anticipated that these costs may decrease in 2023, making it appropriate for people looking for homes to live in.

Last Updated:

2022-12-06

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Is Toronto in Ontario, Canada an affordable place to live?

Toronto, vibrant metropolis situated on the shores of Lake Ontario, is a city that offers vast opportunities and a rich cultural experience. With over half of its population born outside of Canada, Toronto has turned into a blend of societies where individuals from everywhere the world can track down a spot to call home. However, is Toronto in Ontario, Canada an affordable place to live, is the major question that many people have? The question is prity straight but, the answer is certainly not a straightforward one, as the cost of living can differ enormously and depends upon many factors. So, Let's take a closer look at what it's really like to live in Toronto and determine how affordable it is for residents. ## Exploring Housing, Expenses, Job Opportunities, and Public Transportation As per Numbeo, the cost of living in Toronto is much higher than other cities in Canada. Housing costs are also high in Toronto, with rent and home loans taking up an enormous part of one's budget. But it's not the only thing let's explore more- ## 1. Housing Costs Housing costs are significantly high in Toronto, with rent and mortgages taking up an enormous piece of one's budget. While certain areas in the city are too costly, but there are many affordable regions also, especially in suburbs. By doing some planning and shopping around, it's possible to find reasonably priced housing options that are within one's budget. ## 2. Daily Expenses Beside housing, daily expenses like food, transportation, and entertainment can also add up quickly in your budget in Toronto. However, there are many cash saving tips for these expenses, for example, shopping at markdown supermarkets, utilizing public transportation, and exploiting free or minimal expense entertainment choices like parks and celebrations. ## 3. Job Opportunities Toronto is home to a thriving job market, with many opportunities available in a variety of industries. This can make it easier for residents to find good employment and afford the cost of living. Apart from this, there are numerous social projects and resources available in the city to assist residents with financial help, affordable housing, and other essential needs. ## 4. Public Transportation Toronto's public transportation framework is broad and affordable, furnishing residents with a simple and cost-effective methods for getting around the city. Numerous areas are additionally walkable, making it simple to explore the city by walking and get a good deal on transportation costs. ## Is Toronto in Ontario, Canada an affordable place to live? While the cost of living in Toronto might be higher than in other cities, the city offers many advantages, for example, a flourishing job market, broad public transportation, and affordable housing choices in suburbia. By being aware of daily expenses and exploiting the city's assets, residents can live serenely and moderately in this energetic Canadian city.

Is Pickering in Ontario (Canada) a Good Place to Live?

Have you heard of Pickering, a beautiful city located in Southern Ontario? Are you looking for a new house? Are you thinking, **Is Pickering (Ontario) a good place to live?** Is it safe to move in? What are the pros and cons of living in sub-urban cities? Let's get answers to your queries. Pickering (Southern Ontario) ---------------------------- Pickering is a unique city to settle down in Southern Ontario. It is primarily a residential community, family-friendly with parks, cultural attractions, and great outdoor recreation opportunities. Are you considering moving to Pickering or debating a different city in Ontario? It is essential to look at what the city entails. Pickering was officially incorporated in 2000. There were over 90,000 residents, according to the 2016 census. It offers features of an enormous city, scenery, amenities, and a strong sense of community while maintaining a small-town feel. Its proximity and easy access to Toronto while ensuring a slower-paced lifestyle make many people consider moving to this idyllic area. Languages such as Chinese, Japanese, Spanish, and Arabic are also spoken around the town, although the majority still speak English. Don't miss to explore Ajax, another beautiful city in Southern Ontario and also know if [**Ajax is a good place to live**](https://getnewhouse.ca/blog/is-ajax-in-ontario-good-place-to-live-canada/). Pickering Lifestyle ------------------- Pickering is perfect for people wanting to provide their families with a suburban lifestyle. It offers anything a large city will have such as **recreation centers, shopping malls, community events**, and many more. It is also a major attraction for those who wish to escape the concrete jungle. The city center has over 200 shops, including Sears and The Bay. So you can spend your afternoon shopping in a quiet, suburban community. Your kids are also safe, and you get to do any activity you love doing when living in the city. Pickering's strong sense of community is also one of the many things that draw people to it. The city has a wide range of cultural and art events. These allow the people to view and participate in exhibits, shows, and theatre. The **Pickering Museum Village** also shows the pride of the community while offering a glimpse back at those who came before. The city has theatres while ensuring the love of arts and culture stays alive with music from local talent. Enjoying nature comes by itself for those living in this city. It has hectares of open space, beautiful parks, waterfront, and beach area. Your children can enjoy their evening at the lakeside splash pad while you enjoy the unique boutiques, restaurants, and live music. The city's breathtaking scenery gives a mind-blowing experience while taking a quiet stroll through nature. Connect with nature without leaving the comfort of your city. Housing in Pickering -------------------- Pickering is one of the most affordable cities out of the 23 regions of the Greater Toronto Area. The average housing price in Pickering is around $1.1 million, which is affordable compared to other cities. However, the hot housing market seems to have cooled off a bit! Let's see will the [**housing market crash in Ontario**](https://getnewhouse.ca/blog/will-housing-market-crash-in-canada-reasons/) or its just a little price correction of the overpriced real estate industry! The Province of Ontario has also designated Pickering as an urban growth center to receive more development allowances and population. There are several areas where you can choose to live in. Places like **Claremont** are best if you are interested in stepping back from city life and having a rural feel. **The Frenchman Bay area** is perfect for people that enjoy staying in the city. Smack dab is also a stone's throw from transportation, dining, shopping, and other modern activities. Amberlea, Duffin Heights, and Rosebank offer a more traditional, suburban setting to settle down and raise a family. _Do you know about any other good to go places in this city?_ Education in Pickering ---------------------- The education offered in Pickering will set your children up for success no matter your choice of the school board. The schools are excellent and fall nothing short of providing the best schools your children need The Durham District School Board, Durham Catholic District School Board, and others have schools operating in the city. Institutes like Blaisdale Montessori School and Durham College/Centennial College have several complementary courses and classes. There are also private schools like Pickering Christian School and Wasdell Academy. Additionally, the University of Toronto is just a few kilometers from Pickering. Pros of Living in Pickering --------------------------- Here are some of the advantages of moving to a sub-urban city with a relatively less population and open spaces: ### 1\. Convenient and Affordable Pickering has access to major freeways and is close to big cities, making it a great option for commuters. It is also a top choice for people who want to find higher-paying jobs at corporations. Other cities within a short commuting distance include Whitby, Brampton, and Aurora. Anyone who knows about housing in Canada knows cities close to the Greater Toronto Area are super expensive. But Pickering is more affordable than other parts of the GTA. The median price of a house in Toronto is much higher than its suburbs. However, the cost of a house in Pickering is still affordable. So, Pickering is a good choice if you want to live in this region. With that said, prices have risen in recent years and are likely to continue to do so. ### 2\. Better Outdoor Recreation Pickering is located on the shores of Lake Ontario, creating excellent outdoor recreation activities. Being able to explore the lakefront at its perks is a phenomenal experience. Some properties also allow people to rent surfboards and head out onto the water. Pickering is also an excellent city for cycling, biking, and hiking trails. You can also go to Frenchman’s Bay Harbour to see the boats at the dock and walk around the marina near the water to enjoy its natural beauty. Other recreation activities include boating, sailing, and swimming. ### 3\. Excellent Arts and Culture Pickering is a great place to know cultures and have fun. This city, one of the [**best Toronto suburbs**](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow) has several excellent arts and culture initiatives. The city hosts events throughout the year like Arts Unleashed and Culture Days to celebrate arts and culture. The Pickering Museum Village also helps preserve its history, allowing trips for students and teachers. The residents and guests can also learn about the history of Pickering. ### 4\. Better Employment Opportunity Living in Pickering provides good job prospects. Pickering Nuclear Generating Station has the largest employer with more than 4,5000 employees. Other major employers in Pickering include Rogers Communication, Norinco Manufacturing, Purdue Pharma Canada, and Signature Aluminum Canada Inc. etc. Not only this, Pickering's proximity to Toronto allows residents to maximize their job prospects by looking for work in the city. Also, don't miss to learn [**7 Reasons to Live in Stoney Creek, Ontario, Canada**](https://getnewhouse.ca/blog/reasons-to-live-in-stoney-creek-ontario-canada/) Is Pickering a good place to live? ---------------------------------- So, what can you conclude after analyzing the pros of living in this sub-urban city of Ontario. Pickering is a good place to live and one of the preferred [**Ontario cities**](https://getnewhouse.ca/blog/top-10-best-cities-to-live-in-ontario-canada) with great outdoor recreation, and employment opportunities. There is also quick access to Toronto, and generally affordable housing for the region. What more to look for? If you are staying in Pickering or planning to move there, let us know is it a good place to live. Do share your experiences and suggestions. And what do you prefer, detached or semis, or [**pre-construction or new construction**](https://getnewhouse.ca/blog/is-new-construction-good-investment-property-ontario-canada/) condo units? Whichever you choose, take a wise decision.

Top 10 Best Cities to Live in Ontario, Canada

Are you thinking of moving to the Province of Ontario in Canada? Wondering, which city to move and settle down? Here we present a collection of the **10 Best Cities to Live in Ontario, Canada**. Cities in Ontario, Canada ------------------------- The **Ontario cities** offer greater access to housing, food, healthcare, employment, and quality of education. It also assures freedom, political stability, a quality environment, and job security. These cities are considered safe places to live and offer an incredible lifestyle. While there are amazing cities in this part of Canada, there are also some places to avoid. Here are the 10 best places to live in Ontario, Canada. Best 10 Cities to Live in Ontario, Canada ----------------------------------------- Let's catch up with the preferred Ontario cities and dig deeper into the pros and cons of living there. 1\. Burlington -------------- Burlington is tagged as one of the best cities to live in Ontario. A great city located on Lake Ontario between Hamilton and Oakville. It is about a 45 to 60 minutes drive from Toronto and offers a good location and natural scenery. Its proximity to major industrial hubs and nearby cities makes [Burlington a great place to settle down](https://getnewhouse.ca/blog/is-burlington-a-good-place-to-live-ontario). The average home price of a detached house in Burlington is about $1.1 million. The city is a waterfront city that offers a unique balance of greenspace, city living, and tranquility. Plus a bustling environment that features restaurants, nightlife, malls, and local businesses. Crime rates are lower when compared to major cities, making it a safe place to live. 2\. Oakville ------------ Oakville is a suburban town within the Halton Region and part of the Greater Toronto Area. It is known for its beauty, cleanliness, and safety, with green recreational spaces and several parks. The city is a family-friendly place to live, with excellent schools and family-oriented activities. Oakville's median a detached house price is around $1.5 million. The city has been ranked as one of the best places to live in Canada for many reasons. The diversity of the housing stock and beautifully designed homes make it a desirable place for many residents. To get more information, don't forget to discover, [**Is Oakville in Ontario a good place to live?**](https://getnewhouse.ca/blog/is-oakville-ontario-canada-good-place-to-live/) 3\. Waterloo ------------ Waterloo is the best for you if affordability is one of your prime concerns when moving to Ontario. It offers a unique blend of urban and rural living with a growing tech and innovation hub, top learning institutions, and business parks. Its proximity to Toronto also makes the region an attractive place to settle. Waterloo's housing price is just over $700,000, making it far more affordable than the properties in Toronto. Also, there are job opportunities in Waterloo. So its residents do not necessarily need to find employment in Toronto. 4\. Thunder Bay --------------- Do you want to live somewhere safe with an outdoor lifestyle and job opportunities? You might think of living in Thunder Bay in Ontario. It is a large city near Lake Superior. Its location on a freshwater lake makes it spectacular and nature friendly. There are many outdoor adventures for the residents. These include fishing, hunting, and hiking. Also, this city is ideal for people who want reasonably affordable housing with many amenities. 5\. Stratford ------------- Stratford is a city on the Avon River and one of the best places to settle in Ontario, Canada. The city offers the best of both worlds with the comforts of urban living alongside a small-town feeling. It is known for its incredible annual festivals. Each year, a different part of the city acts a variety of the noble Shakespeare plays as drama viewed as part of their annual Stratford Festival. Stratford's weather is not harsh, and the crime rate is low compared to Ontario. The unemployment rate in Stratford is low due to the diverse job opportunities in the area. It's also a safe place to live. 6\. Kingston ------------ Kingston is a beautiful city with a lot of history and islands. It is family-friendly and thus suitable for anyone that wants a peaceful life for their children. The city has a cultural community, making it ideal for someone interested in theatre, arts, or music. Kingston has a good food scene and great restaurants, and the housing is affordable compared to other cities. 7\. Barrie ---------- Barrie is a city with every amenity you need to live a happy and fulfilled life. It offers city living on the beautiful Lake Simcoe in proximity to Toronto. The average cost of a home in Barrie is just over $700,000, with an abundance of nature, sports, and many activities. Barrie's is home to several gourmet restaurants, cafes, bars, breweries, and nightclubs. The city also has a mountain resort and spa. 8\. Hamilton ------------ Hamilton is one of Canada’s leading industrial centers and the hub of an extensive fruit-growing district. It is considered one of the best places to live in Ontario, with natural landscapes, trails, waterfalls, and beautiful lookouts. It is known for its high-quality life, arts, heritage, and cultural scenes. Hamilton is also conveniently located within a network of highways making it easy to commute to other cities for work or leisure activities. 9\. Toronto ----------- Toronto, the Capital of Ontario Province, is one of the preferred cities to move not only for Canadians but immigrants too. The city has over two million residents and is one of the best places to live in Ontario. It has people from different communities and is the most populated city in Canada. You also have a lot of [fun activities to do in Toronto](https://getnewhouse.ca/blog/what-are-best-fun-activities-in-toronto-in-ontario-in-canada-for-adults), and this makes it a favorite tourist destination. Toronto is Canada’s financial capital and home to many private IT companies with a stable economy, making it conducive for business. It offers the perfect mix of business, culture, and entertainment and is one of the world’s most economically powerful cities. However, it is an expensive city to live, owing to the rising inflation, increased housing rents, higher mortgage rates, etc. Toronto has an average home price of $1 million for a two bedroom house. Doesn't that sound too much? If yes, you can also think of moving to one of the [**Best Toronto Suburbs to live and grow**](https://getnewhouse.ca/blog/10-best-toronto-suburbs-for-families-to-live-and-grow). No doubt, Toronto is one of the best options if finding good employment is your priority as there are opportunities across numerous industries. 10\. Ottawa ----------- Do you prefer living in an urban environment where many things are going on? Then Ottawa is ideally the best place for you. It is one of the most affordable places to live in Canada, as the average price of a home is under $800000. Also, it is the best place to live for job opportunities across multiple sectors. The city is rich in history from the buildings and museums. It is highly populated and the best place with beautiful nature for walking, skating and hiking. This beautiful city is known for hosting a series of festivals year-round with ideal and pleasant weather conditions. Ottawa is known for low crime rates and guaranteed healthcare services in the city. **Note:** The housing prices stated above are based on **Housing Market Report for September 2022**. These are subject to change as per changes in market scenario. The Canadian real estate market prices are fluctuating at a much faster rate owing to changes in interest rates and demand/supply factors. ### Which are the best cities in Ontario for living? Moving to one of the **best cities in Ontario** can be a big decision with a lot of challenges. Therefore, make adequate efforts to ensure you understand what you are getting yourself into. Do proper research, analyze the advantages and disadvantages of living in a particular city, and then go ahead to get your dream home. _What do you think? Which is the best city to live in Ontario? Feel free to share your feedback and suggestions._

Will house prices drop in Toronto in Ontario, Canada?

As we enter 2023, the Canadian housing market keeps on chilling off and adjust. Recent data shows that typical home prices in Ontario have decreased by 20% year-over-year, coming to $798,835. Greater prominent Toronto Area home prices have decreased by 18% year-over-year to $1.10M, while the City of Toronto has seen a 12% decrease year-over-year to $1.07M. Numerous homeowners and prospective buyers are contemplating whether this pattern will go on into 2023. Specifically, there is much speculation about whether house prices in Toronto and Ontario will drop, and provided that this is true, by how much. ## Will house prices drop in Toronto in Ontario, Canada? Despite the significant decrease in home prices, two banks, Desjardins and TD Economics, predicted an extra drop by the end of 2023, especially in provinces other than Ontario. However, house prices in Toronto and Vancouver, which were front runners in the recent house price boom, are also expected to continue dropping. As per report by Reuters, **a 15% drop in Toronto and a 12% drop in Vancouver is normal in 2023.** ## Factors Adding to the Drop in Prices **The decrease in home prices is essentially because of many factors, including high interest rates, declining demand, and oversupply**. As we already mentioned, high interest and mortgage rates have reduced demand, with fewer buyers in the market. This trend is expected to continue in 2023, putting further pressure on prices. This presents the both opportunities and challenges for home buyers and sellers, with buyers possibly finding it more reasonable to enter the market, while sellers might confront hardships selling their homes. To explore the market effectively, it's necessary for the two buyers and sellers to remain informed and settle on informed choices. Moreover, oversupply in certain markets has additionally added to the decrease in prices. As additional sellers enter the market, there are less buyers to satisfy the need, prompting a decrease in prices. ## Prices drop in Toronto in Ontario, Canada As we enter 2023, the Canadian housing market keeps on encountering a huge decrease in home prices. While it stays hazy how much further prices will drop, yet the present status of the Canadian housing market demonstrates that we can expect a proceeded with decrease in home prices all through 2023.

How much does Home Staging cost in Toronto, Ontario?

Home Staging turns out to be the most effective strategy for luring buyers. It is preferred across Canada by sellers, particularly in Toronto, Ontario, where it has been noted that staged homes sell more quickly and profitably than unstaged homes. Because buyers find it challenging to picture themselves in vacant homes, they wonder: where does the TV go? What size bed can fit in the bedroom? And, the list goes on... Staging aids in addressing those concerns for buyers. However, many home sellers are curious about the cost of home staging in Toronto, Ontario. So, today, we'll find out how much staging typically costs in Toronto, Ontario. ## How much does Home Staging cost in Toronto, Ontario? In Toronto, Ontario, the **price of home staging can range from $500 to $5,500**, with the majority spending, on average, between $1,600 and $2,400 a month. It all depends on how much staging is needed. An older house might require more extensive updates, such as painting, replacing hardware and light fixtures, or temporarily renting new furniture. In contrast, a home that is relatively new or updated might only require some simple depersonalizing and decluttering. However, the typical **amount spent on staging should range from 1% to 3% of the home's listing price**. ## How to save on home staging? You don’t have to stage your whole house, from basement, laundry space to attic storage. There is no requirement that staging covers the entire house. Only staging the most crucial rooms in the house can make the process simpler, with less emphasis being placed on less crucial areas. Also, you must use your digital listing photos to your advantage because the majority of homebuyers begin their search for a home online. Additionally, it's crucial to know when to stage a home and when not to, as doing so can help you save money. In a highly competitive market, staging can help you stand out from the competition. In this situation, not staging your home will put you at a disadvantage when it comes time to sell. But if you live in a strong seller's market, your home will probably sell without staging because most buyers are willing to accept any offer. ## Home Staging cost in Toronto, Ontario Home staging can cost between $500 and $5,500 in Toronto, Ontario. However, this can be reduced by knowing when to stage a home and when not to, as well as by knowing which specific areas are most important to stage.

Why are houses so expensive in Canada compared to United States?

Homes in Canada are usually expensive than in the United States, and recent data also proves this point. On an average, a Canadian home costs around CAD 701,815 (USD 562,131), while in the US, this is approximately USD 395,000 (CAD 494,628). Surprising isn't? but there are many factors responsible for this price difference. Let's take a closer look at these factors. ## Factors responsible for higher houses price in Canada The main factors for higher price of houses in Canada are- ## 1. Higher Demand for Homes The demand for homes in Canada has been higher than the available supply for years which creates competitiveness in real estate market. This higher demand allows the seller to sell to the highest bidder, sometimes above the home’s current value. ## 2. Low Interest rates Another reasons for higher house price in Canada is the low interest rates that are set by the Bank of Canada. At present, the interest rate is at a record low i.e., 0.25% which makes it easier for people to get mortgages and buy homes. This has led to a higher demand for homes and, in turn, increased prices. On the other hand, the US Federal Reserve raised interest rates several times, thereby reducing demand for homes and cooling off the housing market. ## Foreign Investors Interest Foreign investment has fueld-up the home prices in Canada, particularly in provinces such as Ontario and British Columbia where Foreign investors participate actively. They buy homes here to rent or sell them later for profit, thereby making the market competitive. According to a report released by Statistics Canada, investors have been behind one-fifth of home purchases since the pandemic started, with the majority of them coming from China. In Toronto, investors account for 22.7% of home purchases in February 2022. To limit investors' purchase of homes and prevent further price increases, some cities have implemented foreigner taxes, such as Toronto's 15% tax on all home purchases by those who aren't permanent residents or citizens of Canada. ## Immigration Canada welcomes thousands of immigrants every year, and this influx of people increases demand for housing. The country's immigration policies are aimed at combatting population decline, but it also creates pressure on the housing market. In 2021, Canada announced plans to welcome over 400,000 new immigrants annually. While it's hard to quantify how immigration affects housing prices, the increase in demand due to new residents and their families seeking homes has undoubtedly contributed to the country's high housing prices. ## Why are houses so expensive in Canada compared to United States? The main factors includes, the high home demand, low-interest rates, foreign investment, and immigration which is not the case in US. But there are plus points of these factors also, i.e., they are also driving growth in the real estate industry, making it an attractive investment opportunity for those who can afford it.

What documents are required to rent an apartment in Toronto, Ontario in Canada?

Renting a new apartment is the first and most challenging task for those who are new to Toronto, Ontario, or who are considering moving. Because of the lifestyle and standard of living in Toronto, there is a high demand for rentals, which has led to incredibly competitive rental application processes. It's not only about finding a place to rent; it's more important to know the documents required for that. We will therefore find out what documentation is required to rent an apartment in Toronto, Ontario, Canada. ## What documents are needed to rent an apartment in Toronto, Ontario in Canada? Landlords interview dozens of applicants before renting an apartment to make sure they have a consistent income and a history of good behavior and ensure that they can recover their costs if you ran out of supplies or damaged the property. **Here is the list of documents needed to rent an apartment in Toronto-** - **Employer letter** - stating your annual income and the duration of your employment at your current work place. - **Government issued photo ID** - it can be your driver license, Permanent Resident card or passport. - **Recent pay stubs**- typically, for the past three months. - **Bank statements** - showing sufficient funds saved to cover a few months of rent. - **References from previous landlords** - it can also be from your property manager, a close friend who can vouch for your character or both. However, in addition to this, you must also sign a lease agreement by which the landlord gives permission to you to occupy his rental unit. The tenant agrees to pay the rent in return. There may be additional conditions and guidelines in the agreement that you agree to when you sign a rental agreement. ## What documents are required for a non-Canadian resident to rent an apartment in Toronto, Ontario in Canada? Non-Canadian residents also need the aforementioned documents, but a landlord might also request proof of immigration status or even a guarantor who must be a Canadian citizen. ## Documents needed to rent an apartment in Toronto, Ontario in Canada The documents required for Canadian and non-Canadian residents are nearly same, but it also depends on the Landlord. So, if you are thinking of renting an apartment, at least you must have the above-mentioned documents ready.

Is Brampton in Ontario, Canada an affordable place to live?

Moving to a new city can be a daunting experience, especially when you are poor at financial management. Because it's not the city that scares but the expenses. Therefore, it becomes very essential to understand the cost of living when making such a big decision. If you're thinking to move to Brampton, Ontario, the it's essential to be extra aware that it's a growing city and popular among both domestic migrants and immigrants. As for affordability, Brampton is indeed an affordable city, but it's not necessarily cheap. So let's find out this in detail. ## Exploring The Cost of Living in Brampton Firstly, let us have a look at the major expenses and how you can control them- **1. Housing Costs** Housing we can say as the one of most significant expenses in Brampton. As of January 2023, the average home price is around $866,540 which is lower than Toronto's average home price, but it is still a big investment for most of the people. So, before buying a house you much consider your budget and space needed. **2. Rent Costs** If you cannot afford buying a house then you can go for renting also. The average monthly rent for a one-bedroom apartment in Brampton is about $1,490, and for a two-bedroom, it's approximately $1,840. While these rental rates are higher than in other Canadian cities, they're still lower than Toronto's rental rates. **3. Utilities and Other Costs** The cost of utilities in Brampton is relatively affordable. According to Numbeo, the average monthly utility bill for a 915-square-foot apartment here is somewhere around $126.87 (depends how you will use). This mainly includes electricity, heating, water, and garbage. And if we see other expenses, such as groceries and transportation, these are also relatively affordable in Brampton. However, it is known that these costs can vary depending on as how efficiently you manage. **4. Employment Opportunities** Brampton has a variety of industries, such as healthcare, manufacturing, and logistics, that contribute to its diverse economy. But there is a shock for you, i.e., the city's unemployment rate is slightly higher than the national average. This means that finding a job may be more challenging, which can (directly or indirectly) affect your affordability of living in Brampton. ## Is Brampton in Ontario, Canada an affordable place to live? Brampton is an affordable place, but definitely not a cheap one. In short, the housing costs are lower than in Toronto, rates are also relatively high when compared to other Canadian cities. But, the cost of utilities, groceries, and transportation is relatively affordable. Now, it depends on you, as how you manage your expenses.

10 Best Toronto Suburbs for Families to Live & Grow

**Are you planning to move to a sub-urban area in Ontario, Canada?** Looking towards The Toronto suburbs, its popular areas you can stay with your family and enjoy? **Here we have covered the Best Toronto suburbs for families to live**. May it be renting or buying a home, these family-friendly neighbourhoods should be on your research list. About Toronto: The Capital City of Ontario ------------------------------------------ Toronto is one of the most sought-after cities in Northern America. It is a city that has attracted thousands of immigrants, investors, and entrepreneurs. It's well-developed with efficient public facilities for its residents. This has made Toronto a prime spot for real estate investments. Even though investors know that housing is getting expensive, they still rush to purchase properties in the **Toronto suburbs**. They know that owning property there is a long-term investment that can yield money. If they don't purchase a property now, the selling price will rise in the future. Nonetheless, not all cities in Toronto have expensive housing. Some Toronto cities have lower real estate prices than other cities. They also provide many housing benefits and facilities to homeowners and their families. Therefore, take this opportunity to purchase some affordable properties in the Toronto suburbs. You also have a lot of [fun activities to do in Toronto](https://getnewhouse.ca/blog/what-are-best-fun-activities-in-toronto-in-ontario-in-canada-for-adults), and that makes it a popular tourist destination as well. **Best Toronto Suburbs** for Families to Move in ------------------------------------------------ So, here is an exclusive list of some of the **Best Toronto Suburbs** to choose from. ### 1\. Davisville Village/St. Clair: It's a quiet town that is the go-to place for families to settle down because it's peaceful and affordable. Working-class people are also attracted to this town. Houses in this town are far less expensive than in other towns. The quietness, homeliness, and less population make it an ideal place to raise a family. It has a park and walking areas for families to enjoy a quiet evening walk together. ### 2\. Kensington Market: It's a multicultural town that's older and well known than other towns in Toronto. It is the most ideal place for families to live in. It has many streets that boast thrift shopping centers, bars, bookshops, cafés, eateries, and playgrounds. All these are also within walking distance from each other. Moreover, they are easily accessible to the residents of the town. It has commercial areas that are close together. ### 3\. Brampton: This is a rapidly growing town when it comes to urbanization and real estate. It has schools, innovation/research centers, and shopping centers. The city provides different modes of transport to its residents. The town is not as large as other towns in Toronto, but it is still family-friendly. Due to its small size, it is not as noisy as other towns. It is attracting property investors and developers to develop and invest in the town. If you want a quiet, but affordable neighborhood for your family, Brampton is a good choice. One of the popular destination for [**new immigrants to Canada**](https://getnewhouse.ca/blog/why-is-immigration-good-for-canada/), Brampton ranks high amongst best Toronto suburbs to live and grow. ### 4\. Etobicoke: This is a family-friendly town for families in Toronto. It's popular among families that have kids due to its friendly environment. It has more facilities than other towns. There are well-equipped schools, shopping centers, eateries, and different transport facilities. The transport facilities make it easy to take your children to school and for you to go to work. Residents from other cities can easily get access to Etobicoke. Real estate in Etobicoke is cheaper and rapidly growing. ### 5\. Oakville: Houses are cheaper here, and the town is close to major cities, too. [**Oakville in Ontario**](https://getnewhouse.ca/blog/is-oakville-ontario-canada-good-place-to-live/) has a relatively large population, which has increased the need for more houses. Several investors have taken advantage of this to invest in properties. Your family will not be bored in this town because it has several places of attraction like shopping centers, art centers, and beautiful harbors. ### 6\. Markham: This is one of the **best Toronto suburbs** and can be found on the northern side of Toronto. The town's population is larger than other towns in Toronto. It is an industrial town that houses hundreds of businesses. You can find many I.T firms, corporate organizations, and research firms in this town. It's a **GTA** town because it's close to major cities in Toronto, hence, it's a prime real estate spot. There is public transport available to take residents to cities within thirty to forty minutes. Therefore, it isn't rare to see people have jobs in the city, but have their residential areas in Markham. ### 7\. Pickering: This suburb is a **GTA** (Geographical Target Area) in Toronto. It's a small suburb that has a growing population and has seen a rise in property developments. There are freeways in the town that the residents can use free of charge. This makes the town attractive to working families. Pickering is not too far from other cities. Houses in this town are more affordable than in other places in Toronto. As far as safety and standard of living is concerned, [Pickering is a good place to live in Ontario, Canada](https://getnewhouse.ca/blog/is-pickering-ontario-good-place-live-safe). ### 8\. Eglinton West: Housing in this suburb is cheaper than in other areas. The area is good for those with families or children. There are rail stations and other modes of transport in the area. Residents have access to amenities like malls, eateries, recreation centers, healthcare facilities, sports grounds, libraries, and so on. There are also places of attraction you can take your family to. They are; parks, creek valleys, ponds, and rivers. ### 9\. Vaughan: This town ranks high on the list of the best suburbs for families. It's another prime spot for real estate developers and investors. It's a rapidly growing suburb that is seeing an influx of residents. The town is an urban area that has various amenities for its population. There's a direct subway that connects to major cities. You can also find high-rise offices and corporate organizations in Vaughan. If you'd like your family to live in this town, then buy a property now before the price increases. It'll also be a form of investment for your family in the future. ### 10\. West Queen West: This town is more known for providing all facilities and amenities to its residents. It's a cool town that has many recreation centers for its residents of all ages. Furthermore, you can find vintage boutiques that cater to vintage fashion lovers. The town has record shops and art centers that entertain residents and visitors. You may also explore, [Is Burlington Ontario is a good place to live and settle down?](https://getnewhouse.ca/blog/is-burlington-a-good-place-to-live-ontario) ### **Which is** the Best Toronto Suburb to live? Now that you have discovered these family-friendly suburbs, choose wisely. Find a safe and good **Toronto suburb** to live in and pursue your dreams. Do thorough analysis of the dynamic housing market and then only make a purchase. Also, don't miss to learn [**7 Reasons to Live in Stoney Creek, Ontario, Canada**](https://getnewhouse.ca/blog/reasons-to-live-in-stoney-creek-ontario-canada/) Lots of people are leaving big cities for suburbs due to the cheaper real estate and better environments. So, if you delay now, you might miss the chance to purchase an affordable house for your family. Purchasing a house in any Toronto suburbs also doubles as a form of investment for you and your family. But wait!! Buying a House involves huge investment! [**Renting or Buying a House in Canada**](https://getnewhouse.ca/blog/renting-vs-buying-home-canada-better/) is indeed a big decision. So, be very careful and consider all the pros and cons of staying at a particular place. Renting for a short period at your selected suburb before actually buying a property therein could be a great way to experience the real situation. So, which is your favorite Toronto suburb and why so? Do share your views.

Is Toronto in Ontario, Canada more expensive than New York City?

Toronto, the provincial capital of Ontario, is the most populous city in Canada. Toronto is a leading multicultural and cosmopolitan city in the entire world, as well as an international center for business, finance, and the arts. The idea of relocating to this city is highly regarded. However, since Toronto and New York are two of North America's best cities, people frequently compare and contrast the two cities' lifestyles. Both places offer a variety of economic opportunities and diverse cultures. But they don't have the same costs of living. So today we'll find out if living in Toronto is more expensive than New York City or it is cheaper. ## Is Toronto in Ontario, Canada more expensive than New York City? Toronto's cost of living is lower than that of New York. Actually, **New York has a more than 35% higher cost of living** than the average city. Numbeo estimates that in New York you would need about 12,432.92C$ (9,151.81$) to maintain the same standard of living as you can with 7,500.00C$ in Toronto (assuming you rent in both cities). **According to the Numbeo following is the indices' difference between New York and Toronto -** - In terms of consumer prices, New York is **36.97% more expensive** than Toronto (without rent). - Consumer Prices in New York, NY, Including Rent, are **65.77% higher** than in Toronto. - The average rent (CAD) in New York is 113.75% more expensive than in Toronto. ![Rent Comparision between NY and Toronto.png](https://s3.amazonaws.com/assets.getnewhouse.ca/Rent_Comparision_between_NY_and_Toronto_3230500b8d.png) - The cost of dining out is **27.44% higher** in New York than it is in Toronto. - The cost of groceries ( in CAD) is **48.25% higher** in New York than it is in Toronto. ![NY vs Toronto Food Items difference.png](https://s3.amazonaws.com/assets.getnewhouse.ca/NY_vs_Toronto_Food_Items_difference_a03ba38506.png) - Toronto's local purchasing power is **13.79% lower** than that of New York. ## Toronto in Ontario, Canada cheaper than New York City Compared to New York City, Toronto offers a wide range of goods at significantly lower prices.This is caused by a variety of factors, the majority of which are related to the high demand for scarce resources. Despite these factors, the income here is higher than in Toronto, which somewhat balances things out.