Q: How much does one need to make to have a moderately comfortable lifestyle in Toronto? For renting? For owning a home? Preferably in the St.George area or a "good" safe area. Also, how much does the TTC cost (i.e. a monthly pass, etc.)? Is it cheaper than owning a car? Thanks!
A: It really depends on what type of experience you want. I've lived in Toronto and have been considering returning and for what I want it costs at least $4000/month for rent. Now if you are willing to live more like a student you can find stuff in the $800/month range that is nice. With respect to buying again it depends on if you are willing to live in a 650sq foot closet or if you want something normal size. www.mls.ca has everything that is available to buy. You can search it based on area and other criteria. MLS also has rental listings but generally only the upmarket stuff with some but limited more affordable rentals I own a car and when in Toronto I never use it mostly because of parking issues. It is cheaper or relatively the same price to just take a cab. The subway is very convenient There really is no need to own a car unless you plan to leave the downtown core.
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