Getting a clear picture of the cost of living can help you budget for the year.  Estimated costs of living in Toronto, Mississauga and Scarborough for 2018-19 are provided below.. 

Use this handy U of T Financial Planning Calculator to plan ahead.

The calculator will show you how much money you will need to cover tuition and fees, housing costs, food and everything else for the upcoming academic year. You'll provide some background and income information, and we'll show you a budget summary and direct you to some useful resources to help you save money.

Estimated living and studying costs for the academic year (8 months)

Food: $1604 - $3700

Clothing: $900 - $1100

Local Transportation: $934 ($116.75 per month)

Books, supplies and instruments: $1000 - $2000+

Miscellaneous: $1000 - $2000

Housing Costs

CMA (Census Metro Area)

Room: N/A
Bachelor: $1,013
1-bedroom apartment: $1,194
2-bedroom apartment: $1,404
3+-bedroom apartment: $1,569
 

Near St. George 

Room: $900*
Bachelor: $1,096
1-bedroom apartment: $1,353
2-bedroom apartment: $1,983
3+-bedroom apartment: $2,451

Near UTM

Room: $702*
Bachelor: $900
1-bedroom apartment: $1,210
2-bedroom apartment: $1,327
3+-bedroom apartment: $1,780

Near UTSC

Room: $800*
Bachelor: $927
1-bedroom apartment: $1,100
2-bedroom apartment: $1,353
3+-bedroom apartment: $1,762

Sources:

  • CMHC Rental Market Report – Fall 2017
  • *Room avg. source: U of T Off-Campus Housing Service – Fall 2017