Cost of Living in Toronto
How much does it cost to visit Toronto? Daily budgets, accommodation costs, and real price examples for 2026.
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Daily Budget Breakdown
Budget
Hostels, street food, free attractions
CAD 100
per day
Weekly: CAD 700
Monthly: CAD 3000
Examples
- 🏨HI Toronto Hostel dorm bedCAD 45
- 🍽️Breakfast sandwich from Tim Hortons, Lunch from Kensington Market food stalls (e.g. Jumbo Empanadas), Dinner from a cheap Chinatown restaurantCAD 30
- 🚌TTC Day PassCAD 13
- 🎟️Explore Kensington Market, Walk through Trinity Bellwoods Park, Window shopping on Queen Street West, Visit the Art Gallery of Ontario (free on Wednesday evenings)CAD 12
Mid-Range
3-star hotels, restaurants, guided tours
CAD 250
per day
Weekly: CAD 1750
Monthly: CAD 7500
Examples
- 🏨The Rex Hotel & Suites standard roomCAD 150
- 🍽️Brunch at Eggstatic, Lunch at Pai Northern Thai Kitchen (for their famous Pad See Ew), Dinner at Richmond StationCAD 70
- 🚌Presto card with pay-as-you-go faresCAD 15
- 🎟️Visit the CN Tower, Explore the Distillery Historic District, Stroll through the St. Lawrence MarketCAD 15
Luxury
5-star hotels, fine dining, private tours
CAD 600
per day
Weekly: CAD 4200
Monthly: CAD 18000
Examples
- 🏨The Hazelton Hotel King SuiteCAD 500
- 🍽️Breakfast at the hotel, Lunch at Alo Restaurant (prix fixe menu), Dinner at Canoe Restaurant and BarCAD 450
- 🚌Private car service for the dayCAD 200
- 🎟️Private guided tour of the Royal Ontario Museum, Attend a performance at the Royal Alexandra TheatreCAD 150
Cost by Category
accommodation
70-150 CAD (hostel/budget hotel)
food
40-80 CAD (mix of casual and sit-down)
Transport
10-15 CAD (PRESTO/day pass)
activities
30-50 CAD (museums, attractions)
Cost by Neighbourhood
| Neighbourhood | Budget Level | vs City Centre | Best For |
|---|---|---|---|
| Entertainment District | Luxury | At center | nightlife, first-timers |
| Queen West | Mid-range | Slightly below center | culture, foodies |
| Yorkville | Luxury | Above center | luxury, couples |
| Kensington Market | Budget | Below center | foodies, budget |
Money-Saving Tips for Toronto
🏨 Accommodation
- Stay in budget neighbourhoods outside the tourist centre
- Book apartments for longer stays (weekly discounts)
- Travel in shoulder season for lower hotel rates
- Compare prices across multiple booking platforms
🍽️ Food & Drink
- Eat where locals eat, away from tourist hotspots
- Try street food and market stalls for cheap eats
- Buy lunch specials instead of evening meals
- Cook some meals if your accommodation has a kitchen
🚌 Transport
- Buy multi-day transit passes for unlimited travel
- Walk between nearby attractions to save fares
- Use public transport over taxis where possible
- Book airport transfers in advance for fixed prices
🎟️ Activities
- Take free walking tours (tip-based)
- Look for free museum days or discounted hours
- Book tours and activities online for lower prices
- Explore parks, markets, and neighbourhoods on foot
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FAQ: Toronto Costs
How much does it cost to visit Toronto?
Budget travellers can visit Toronto for around CAD 100/day (CAD 700/week). Mid-range travellers should budget CAD 250/day, while luxury travel costs around CAD 600/day.
Is Toronto expensive?
Toronto is moderately priced. At CAD 100/day for budget travellers, it offers good value compared to major Western capitals.
How much should I budget per day in Toronto?
For a comfortable mid-range experience in Toronto, budget CAD 250/day. This covers a decent hotel, meals at sit-down restaurants, public transport, and a couple of activities.
What is the cheapest way to visit Toronto?
Budget travellers in Toronto can get by on CAD 100/day by staying in hostels or budget hotels, eating street food and local restaurants, using public transport, and choosing free walking tours and public attractions.