Jordan Abrams

Your monthly mortgage payment is not the full cost of owning in Toronto.

Property taxes alone can add hundreds of dollars per month, and that is before insurance, utilities, repairs, maintenance, and the other costs that come with owning a home.

One underrated part of living in Toronto is how quickly you can leave the city behind.

Within a couple hours, you have Muskoka, the Kawarthas, Georgian Bay, Algonquin, Killarney, and the Bruce Peninsula. People travel from around the world to camp in places Torontonians can drive to on a weekend.

Toronto’s food scene is legitimately one of the city’s biggest lifestyle advantages.

From neighbourhood restaurants to global cuisine across the GTA, this is one of the reasons Toronto belongs in the same conversation as other major world cities.

Watch the full Toronto lifestyle and cost of living breakdown here: https://youtu.be/QY3N8EFXhi4

A $900K townhome with 20% down sounds straightforward until you actually run the monthly payment.

The mortgage alone is about $3,800/month before property tax, condo fees, insurance, utilities, maintenance, and everything else.

Full Toronto cost of living breakdown here: https://www.youtube.com/watch?v=gk_6AwJNqzg