Toronto Travel Budget

Daily budgets in Toronto vary by travel style: Budget/Backpacker travelers spend around C$85/day, Mid-range travelers spend C$190/day, and Comfortable travelers spend C$380/day. These estimates include accommodation, meals, local transport, and activities.

Toronto is considered a relatively expensive destination for tourists. With mid-range daily costs of C$190, it requires careful planning to stay within budget compared to other popular destinations. The largest expense is typically accommodation (42% of budget).

Food typically accounts for about 25% of your daily budget in Toronto. For a midrange experience, expect to spend around C$48 per day on meals. You can save money by eating at local restaurants rather than tourist spots.

Toronto uses the CAD (C$). We recommend exchanging some cash before arrival for small purchases, though credit cards are widely accepted in most establishments. ATMs are readily available throughout the city, but check with your bank about international transaction fees.

Accommodation in Toronto is the largest expense, typically representing 42% of your budget. For 7 days with a midrange travel style, expect to spend approximately C$559 total. Budget options include hostels, mid-range includes 3-star hotels, and comfortable options include 4-star hotels or premium vacation rentals.

To save money in Toronto: 1) Book accommodation in advance for better rates, 2) Use public transportation instead of taxis, 3) Eat at local restaurants away from tourist areas, 4) Look for free walking tours and museum free days, 5) Travel during shoulder season for lower prices.

Yes! Toronto offers many free attractions including parks, markets, historic neighborhoods, and free museum days. Research local free walking tours for an authentic experience.

Local transportation typically accounts for 10% of your budget in Toronto. Public transportation is the most affordable option, while taxis and ride-shares cost more but offer convenience. Budget around C$19 per day for transport.

Tipping customs vary by destination. Research local practices before your trip. In Toronto, it's best to follow local norms to show appreciation for good service.

Traveling during shoulder season (spring or fall) typically offers the best balance of good weather and lower prices. Avoid major holidays and local festivals when accommodation prices spike.

As with any popular destination, be aware of common tourist scams. Research local scams before traveling, keep valuables secure, and trust your instincts if something seems off.