With so much going on and an excellent quality of life, it’s easy to see why Toronto is such a popular destination for expats starting a new life in Canada.
It may not be Canada’s capital, but Toronto is its largest city – in fact it is actually the 4th largest city in the whole of North America (behind Mexico City, New York and Los Angeles). Toronto is also one of the most culturally diverse cities in the world, with 47% of residents considering themselves part of a visible minority.
Toronto is also one of the most culturally diverse cities in the world
There is no end of entertainment in Toronto. For those interested in film, Toronto annually hosts the Toronto International Film Festival, which attracts celebrities and fans from all over the world. Toronto’s lively restaurant and bar scene is another great attraction, offering everything from world-class fine dining options, to cheap eats for those times when you are in a rush. The bars scene is unsurprisingly diverse in terms of music, atmosphere and clientele, with some establishments staying open until 4am if you really want to make a night of it.
For the sports fan there really is no other Canadian city quite like Toronto. The city is home to the Toronto Maple Leafs ice hockey team – ice hockey is a national obsession – who play in the NHL and the Toronto FC Major League Soccer team. And let’s not forget that Toronto is also home to Canada’s only NBA basketball team, the Raptors, and the only Major League Baseball team, the Toronto Blue Jays.
Don’t forget the more outdoorsy aspects of Toronto too. As a city on a lake, watersports figure highly (just don’t go too close to Niagara Falls!), as do cycling and hiking. In winter there is skiing a and ice-skating.
As one of the world’s most economically powerful cities, Toronto attracts a wide range of industries, which helps to keep unemployment rates down. As a financial hub, Toronto is home to the head offices for all of Canada’s major banking institutions, as well Canada’s principal stock exchange. Construction is another booming industry; the city is continually expanding which means developers are busily trying to meet the demand.
Toronto is home to the head offices for all of Canada’s major banking institutions as well Canada’s principal stock exchange
Toronto’s housing market
The housing market in Toronto is varied, providing everything from family friendly suburbs to upscale condos in the city centre. With a great transportation network wherever you choose, you should find getting around the city a breeze. The benefits Toronto has to offer do, however, come at a cost; it is one of the most expensive housing markets in Canada. To rent a two-bedroom apartment in Toronto you will likely pay $2,600 CAD (£1,575) per month. Buying is also costly: the average cost of a two-bedroom apartment is around $500,000 CAD (£302,700).
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The Canada Buying Guide takes you through each stage of the property buying process, with practical recommendations from our experts who have been through the process themselves. The guide will help you to: