Introducing Vancouver and Toronto
Toronto is one of the largest commercial, financial, technological, cultural and entertainment centers in the world. Toronto is a multicultural city due to the large number of immigrants living in this city. Toronto has a temperate climate, and in the summer the temperature may even reach over 30 degrees. But in winter, Toronto is cold and the temperature can be – 25 degrees below zero. There are many skyscrapers in Toronto and due to its large population its a crowded and busy city, but this city’s excellent transportation system also has unparalleled performance. Toronto has more than 200 ethnic groups and more than 140 languages are spoken in the city. Vancouver is one of the most beautiful cities in the world and in Canada which is surrounded by snow-capped mountains and deep blue sea. The quality of life in Vancouver is very high and for more than 10 years in a row this city has always been among the top 10 cities in the world to live in. This city has a central peninsula with an area of more than 400 hectares. Vancouver is famous for its fresh seafood. This city has many attractions and is one of the best destinations for entertainment and tourism. For people interested in outdoor sports, skiing, boating, hiking, fishing and golf, Vancouver is one of the best options. This city is also famous for its film industry and is known as Hollywood North. Vancouver is also known for its heavy rain. Because it rains about 165 days a year here, which is about 45% of the year.
In the Comments section, you can also ask your questions and answer them in a short time.
Topics reviewed in this article:
Monthly living expenses in Toronto vs Vancouver
Vancouver and Toronto are among the top 5 most expensive cities in Canada. Toronto is in the third place and Vancouver is the fifth most expensive city in Canada according to the costof living index in Canada. The cost of living for a family of four in Toronto is about $ 4,476 per month without rent, and the cost of living for a single person in this city will be about $ 1,239 per month without rent. In Vancouver, the cost of living for a family of four is about $ 4,250 per month, and the cost of living for a single person is about $ 1,156 per month.
Property Prices Comparison Between Toronto and Vancouver (Renting or Buying)
Something about 30% of the total cost of living in Canada are allocated to rent prices. Rent prices will vary depending on the size of the property as well as the location of the property in Canada. For example, in Toronto, the cost of renting a one-bedroom apartment can range from $ 1,400 to $ 2,400 per month, depending on the location. If you want to rent a three-bedroom apartment in different parts of Toronto, it may cost between $ 2,000 to $ 5,000. As you can see, rent prices in City Centre are much higher than Outside of Centre. Now, if you want to buy a property in Toronto, depending on the location of the property, you may have to pay between $ 7,000 to $ 14,531 per square meter. The cost of renting and buying a property in Vancouver is higher than in Toronto. For example, you would have to pay between $ 1,250 to $ 2,500 to rent a one-bedroom apartment in Vancouver, and between $ 2,200 to $ 4,500 to rent a three-bedroom apartment. If you want to buy a property, you have to pay between $ 7,000 and $ 16,145 per square meter.
In the table below you can see the average rent per month in Toronto and Vancouver.
| Rent per month | Vancouver | Toronto |
| Apartment (1 bedroom) in City Centre | 2,012.95 | 1,995.34 |
| Apartment (1 bedroom) Outside of Centre | 1,608.67 | 1,719.01 |
| Apartment (3 bedrooms) in City Centre | 3,655.28 | 3,438.06 |
| Apartment (3 bedrooms) Outside of Centre | 2,827.27 | 2,636.98 |
| Buy Apartment Price | Vancouver | Toronto |
| Price per Square Meter to Buy Apartment in City Centre | 11,678.96 | 11,476.30 |
| Price per Square Meter to Buy Apartment Outside of Centre | 9,098.48 | 9,183.19 |
Comparison of medical expenses between Vancouver and Toronto
Medical expenses and laws related to health insurance may vary slightly from province to province in Canada, but you may not see much of a difference in the amount of medical expenses in Canada. In Canada, there are government insurances and these insurance fees are deducted from personal income as taxes. These insurances do not cover some medical care services such as the costs of medicines (drugs), dental care, eye care, physiotherapy, hearing aids and so on. That’s why 66 percent of Canadians use private insurance to cover these costs. The average cost of health insurance in Canada for a family is about $ 157 per month, and it is about $ 47 per month for a single person.
Comparison of the costs of living in Vancouver and Toronto for students
Since students typically live in dormitories or shared student housing, there won’t be much of a difference between the costs of living in Toronto and Vancouver. Although rent prices are a bit lower in Toronto, but living expenses are slightly higher compared to Vancouver. Generally, the cost of living for a student in Toronto can range from $ 675 to $ 875 CAD. Note that if students stay in dormitories, these costs may be reduced to $ 550 to $ 600 per month. In Vancouver, the average cost of living for students is between $ 650 and $ 750, and if they stay in dormitories, the average cost will be between $ 650 and $ 690 per month. If students want to live in shared housing, they will have to pay between $ 300 to $ 1,200, depending on the location of the rented property.
Comparison of salaries in Vancouver and Toronto
If you want to compare the cost of living in Vancouver and Toronto, you should also compare the amount of salaries. According to the laws of this country, in different Canadian provinces an amount of salary is considered as the minimum wage. In 2021, the current minimum wage in Ontario is $14.25 per hour. On the other hand, in Vancouver, British Columbia, the minimum wage is $ 15.20 per hour. What is clear here is that the minimum wage in Vancouver is a little bit higher. But the average salary is different in Vancouver and Toronto. Overall, people living in Vancouver earn about $ 4,594 a month, which is an average amount and it means that 50 percent of people receive less than this amount and 50 percent of people receive more. On the other hand, In Toronto the average salary is $ 4,349 per month.
Leave a Reply
Want to join the discussion?Feel free to contribute!