What is the Cost of Living in Toronto?

Anyone knows how much is needed for a family of 3 (1 5-year old baby) to live in Toronto? I am looking for a 3 bedroom flat. I know that this should be about $1500 but what about else (total) e.g. gas, insurance, electric, telephone, school, health, food...

In Toronto, your rent includes - electricity, water, maintenance, security and even an underground parking (in some buidings).

The medical care is free in Toronto that includes doctor's consultation fees + tests + cost of hospitilation but you have to pay for the medicines.

schools are also free in Toronto. You do not even have to buy the books until your kid reaches high school.

There is also a scheme called "Child Tax Benefit" in which you are entitled to get approx $200 per child per month from the govt to raise your children in canada.

The grocery amounts to approx $500 per month for the family of three.

The car insurance is very high and you may have to pay approx $3600 per year per driver if you have G2 or G licence. The cost is even higher if you have G1 licence. Please note that, in Canada, the car insurance is paid as per driver (not as per car).

A good second hand car like civic or corolla can be bought in approx $12,000.

But please note that, you may have to do a lot of shopping after reaching Canada. So you must keep atleast $3000 for that aside.

If you would like to know everything in more details, do reply me and I will get back to you with the details. I have also started a new topic called " Helping new immigrants". You can also have some usefull info from there.

Cheers

thank you guys for the useful information.

I have a PhD in Computer Science and I will be working either as a professor at a university or as a Project Manager in the industry. My wife is a graphics designer.

The cost of living in calgary is little bit higher but not that different. It is almost the same. And as you are arriving single, you can easily live between cad$ 1,500 - 1,800. But please note that, you can't manage to live in condo in that price. You will have live in a basement of a detached house.

dear sachnbapat, yes its true. But where will you found a room partner from? specially when you don't know any one here in Canada.