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Moving to Toronto from the US: Is it right for you?

Moving to Toronto from the US can be a rewarding decision. Known for its multiculturalism, Toronto offers a welcoming environment for people from all backgrounds. While it offers a high quality of life, factors such as affordable and safe neighborhoods should be considered. As of 2021, it boasts a population of 2,794,356, making it Canada’s largest city and one of the most populous in North America.

In terms of lifestyle, culture, and atmosphere, Toronto shares similarities with cities like New York City and parts of Chicago. Like Toronto, New York City boasts a diverse population, world-class cultural attractions, and is a major center for business and finance. Similarly, Chicago offers diverse neighborhoods, a vibrant cultural scene, and beautiful lakefront parks, making it comparable to Toronto in many ways.

Read this article to find out some interesting facts about Toronto and know if it’s right for you to move there from the US.

Statistics Canada (2021)

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Toronto is one of the most multicultural cities in the world

Toronto stands out as one of the most multicultural cities globally, with a diverse population from all corners of the world. Its welcoming environment and inclusive policies have attracted immigrants from a wide range of countries, resulting in a rich tapestry of cultures, languages, and traditions. 

The city’s multiculturalism is evident in its numerous neighborhoods, each representing different ethnic communities. From Chinatown, Little Italy, and Greektown in Toronto to communities like Markham and Brampton in the surrounding area.

Over 250 ethnicities and 190 languages are represented in the Toronto Region, making it a vibrant and dynamic cultural melting pot where residents can experience a multitude of cultures and traditions. This diversity not only enriches the city’s cultural landscape but also contributes to its vibrancy, dynamism, and overall quality of life.

Statistics Canada (2021) & Toronto Global (June 2023)

 

Toronto features 13 diverse and appealing neighborhoods

Toronto features 13 diverse and appealing neighborhoods, each with its own unique character and charm. These neighborhoods, including Chinatown, Little Italy, Greektown, and Little India, among others, showcase the city’s multiculturalism and vibrant cultural tapestry. Each area preserves and promotes its cultural identity, offering residents and visitors a taste of their respective cuisines, traditions, and languages. 

Toronto’s numerous neighborhoods improve the city’s overall appeal and livability, in addition to adding to its cultural diversity. By visiting these places, locals, and visitors alike may get a taste of several cultures and traditions without ever leaving the city

Toronto’s diverse neighborhoods have something to offer everyone, whether you’re in the mood for real Chinese food in Chinatown, visiting the vibrant marketplaces of Kensington Market and St. Lawrence Market, or taking a leisurely stroll along the waterfront in Harbourfront.

 

It has the third-largest public transit system in North America

Toronto, having the third-largest public transit system in North America, provides residents and visitors with extensive and convenient transportation options. The TTC services some 4.5 million people in the Greater Toronto Area with a network of subways, streetcars, buses, and Wheel Trans, a specialized service for accessible transportation. 

Continually renewing its commitment to customers, the TTC aims to create a transit system that Toronto can be proud of. Overall, Toronto’s robust public transit system enhances the city’s livability, sustainability, and accessibility for its residents and visitors. Moreover, Toronto’s well-developed public transit system contributes to reduced traffic congestion by providing access to employment, resulting in shorter commute times and less pollution.

Toronto (April 2024)

 

Toronto has one of the most competitive housing markets in Canada

Toronto is poised to become the most expensive place to buy a house in Canada. The forecast projects a 10 percent increase in GTA aggregate home prices by the end of 2024, with Toronto’s aggregate home price expected to surpass that of Greater Vancouver in the second half of the year. The average buying cost of property in Toronto as of March 2024 is $1,113,600.

The warmer winter weather and anticipation of reduced interest rates from the Bank of Canada have prompted more buyers to enter the market, leading to increased competition. This heightened demand, coupled with Toronto’s limited housing supply, has resulted in rising prices and intensified competition among buyers.

CREA (March 2024)CBC News (April 2024)

 

It is the largest city and a vibrant hub brimming with creativity and entrepreneurship

With 2,794,356 residents, Toronto is the most populous city in Canada. It is a vibrant hub renowned for its creativity and entrepreneurship. As the country’s economic powerhouse, it serves as Canada’s business and financial capital, a growing financial hub in North America, and a top-ten global financial center. Toronto’s gross domestic product significantly outpaces the national average, growing by 2.4 percent annually since 2009, compared to the national rate of 1.8 percent. 

The city is competitive in almost every major business sector, including technology, life sciences, green energy, fashion, design, food and beverage, film and television production, and digital media. The city’s financial services sector is particularly notable, with Toronto being the second-largest financial services center in North America and boasting one of the highest concentrations of financial services company headquarters in the Americas. With its reputation, Toronto is rapidly emerging as a global destination for financial services.

City of Toronto (April 2024) & Statistics Canada (2021)

 

Toronto is Canada’s sports capital

Toronto is Canada’s sports capital, represented in major leagues like the NHL (Toronto Maple Leafs), NBA (Toronto Raptors), MLB (Toronto Blue Jays), MLS (Toronto FC), and the Canadian Football League (CFL). Major sports competitions held in the city include the Canadian Open tennis tournament, the Honda Indy Toronto, and the Toronto Marathon.

With state-of-the-art sports facilities like Scotiabank Arena and BMO Field, along with a passionate fan base, Toronto offers an exciting and diverse sports scene for enthusiasts of all kinds, indicating a strong interest in and support for sports in the city and across the country.

Reuters (April 2024)

 

In Toronto, the diverse food scene is a big plus

In Toronto, the diverse food scene is a big plus. The city boasts over 7,500 restaurants across 140+ neighborhoods, representing more than 150 cuisines. Toronto is the first Canadian city to be recognized in the MICHELIN Guide, with 15 exceptional restaurants awarded MICHELIN Stars. Additionally, 82 Toronto restaurants have been recognized by MICHELIN, including 21 Bib Gourmand restaurants and two new Green Star restaurants. 

From traditional Canadian dishes to international cuisines like Chinese, Indian, Italian, and Middle Eastern, Toronto’s food scene reflects its multiculturalism, making it a hotspot for food enthusiasts. Moreover, the city hosts various food festivals and events throughout the year, like Spring Into Spice Food, Veggielicious Toronto, the Wine Festival 2024, and the Toronto Tea Festival. 

Whether you’re craving authentic dim sum, pad thai, or tandoori chicken, Toronto has something to satisfy every palate.

Michelin Guide (April 2024) & Destination Toronto (Sept 2023)

 

Conclusion

For those considering a move to Toronto from the US, there are several factors to consider. Like the high cost of living, especially housing, and traffic congestion are important factors to weigh. Toronto’s four distinct seasons bring cold winters and hot, humid summers, so be prepared for varying weather conditions. 

However, as Canada’s world leader in business, finance, technology, entertainment, and culture, Toronto provides ample opportunities for personal and professional growth.

To learn more about the paperwork required, check out this article: 7 Things to know and do before moving from the U.S. to Canada

Are you planning to move, soon? Check the best long-distance movers in Toronto.

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Selina Cifelli

The author

Selina is a motivated marketing intern with a keen interest in developing engaging content related to moving experiences and city life. With a passion for fashion and traveling, she brings a fresh perspective to our readers. Her talent for crafting innovative written material effectively positions MovingWaldo as a trusted resource for hassle-free and efficient moves.

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