What are the downsides of retiring in Toronto, Canada?
• Con: It Can Be Pricey
Toronto has the highest median rental prices in Canada, and that’s just one of the cost of living factors that are on the steeper end in this city. Utilities can cost upwards of C$155, and transportation, food, and drinks are a bit more expensive than in other Canadian cities. For instance, imported craft beer in Toronto will cost you around C$8, a meal at a casual restaurant will cost around C$18.
• Con: It’s a Bit Overcrowded, But That Might Change
Like any cosmopolitan city, Toronto has a considerable resident and tourist population. Toronto has always been a charming place to live with the thriving tech scene, consistently drawing new residents annually. You might be surprised, though, to learn that a study by the Fraser Institute discovered that Toronto is only the 19th most highly populated city globally. It came in third for Canadian cities, following Vancouver and Montreal.
• Con: Very Hot Summers, Cold Winters
Summer temperatures get, on average, about 35 degrees Celsius, and the days are overly humid. Hot and humid weather in a city can be a deal-breaker for many searching for an excellent place to move.
On the bright side, though, Toronto has some fabulous beaches for hot summer days. Woodbine Beach and Center Island are unique places to start. Toronto is also frigid in the winters and gets a fair amount of snow. Yet, its location on the shores of Lake Ontario makes it slightly cooler in the summers and somewhat warmer in the winter than other Canadian cities.