Cost of living in Toronto and Vancouver
Toronto and Vancouver, two of the largest cities in Canada and the most vibrant offering diverse lifestyles and opportunities. It is no secret that these two cities are also among the most expensive and this can be a factor when deciding which city to come to.
Here, we will compare the cost of living in Toronto and Vancouver, focusing on housing, transportation, groceries, and entertainment.
Housing
Housing is the most significant expense for residents in both cities. In Toronto, we can find 1-bedroom apartments for around $2,500 Canadian dollars per month. On the other hand, in Vancouver, 1-bedroom apartments are available for around $2,790 Canadian dollars. The further away you live from the city center, the lower rent costs can be found.
Transport
Both cities offer extensive public transportation networks and offer monthly passes. In Toronto, the monthly pass is approximately $156 Canadian dollars. In Vancouver, it is approximately $140 Canadian dollars.
Groceries and eating out
The grocery costs between Toronto and Vancouver are relatively comparable, with Toronto being slightly cheaper. A grocery expense per month in Toronto for one person is approximately between $300 – $350 Canadian dollars. While in Vancouver, it can go for approximately $320 – $370 Canadian dollars.
Eating out, on the other hand, tends to be on the same price for both cities. A three-course meal for two people costs approximately $120 Canadian dollars.
Entertainment
When it comes to entertainment, both cities offer a wide variety of activities, from cultural events to outdoor adventures. In both Toronto and Vancouver, a movie ticket is close to $17 Canadian dollars.
For those looking for an active life through a gym membership, the monthly payment is similar in both cities and is between $60 – $70 Canadian dollars. Added to this, are all the free events that both cities offer during summer and winter.
Service costs
Utilities, including heat, electricity and water, cost about $160 Canadian dollars per month for an apartment in Toronto. In Vancouver, per month it’s an average of $140 Canadian dollars. Additionally, the monthly cost for internet service in both cities is comparable, being around $70 – $80 Canadian dollars.
Conclusion
Although Toronto and Vancouver offer excellent quality of life and countless amenities, they are among the most expensive cities in Canada. In the end, the decision between these two cities will depend on lifestyle, personal preferences and professional opportunities.
If you are planning to come to either of these two cities, it is essential that you make a detailed budget and consider all aspects related to the cost of living to ensure you have a comfortable experience and a sustainable lifestyle.
