What is the average cost of living in Toronto in 2026?

The average cost of living in Toronto for a single person is approximately $3,500-$4,000 CAD per month, including rent ($2,550 for 1-bedroom), groceries ($550), transit ($156), utilities ($145), and other expenses.

Which Canadian city has the lowest cost of living?

Winnipeg, Manitoba has the lowest cost of living among major Canadian cities, with 1-bedroom rent averaging $1,250/month in January 2026. Edmonton and Montreal are also affordable options.

How much does childcare cost in Canada?

Childcare costs vary by province. Quebec offers the cheapest at $8.70/day (subsidized). Alberta, Manitoba, and Saskatchewan have reached $10/day. Ontario and BC are still working toward $10/day, with current costs ranging from $800-$950/month.

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Cost of Living Calculator

Plan your budget for life in Canada. Get accurate monthly expense estimates based on real 2026 data from major Canadian cities.

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About This Tool

This calculator uses real 2026 data from sources including Rentals.ca, Statistics Canada, and official transit authorities to estimate your monthly living expenses.

Costs vary based on lifestyle, location within the city, and personal choices.

Most Affordable Cities

1. Winnipeg, MB$1,250/mo

2. Edmonton, AB$1,400/mo

3. Montreal, QC$1,500/mo

4. Calgary, AB$1,690/mo

*1-bedroom rent, January 2026

Budget Tips

Quebec: Cheapest childcare at $8.70/day
Alberta: No provincial sales tax (save 8%)
Prairies: Lower rent but higher utilities
Transit: Toronto fare capped at 47 trips/month

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Data Sources: Rent prices from Rentals.ca National Rent Report (January 2026). Grocery costs from Canada Food Price Report 2026. Transit fares from TTC, TransLink, STM, and Calgary Transit. Childcare costs reflect provincial $10/day childcare program progress as of January 2026.