At some point, we’ve all had that fleeting thought: What if I just packed up and moved to Canada? For some millennials, it’s no longer just a passing thought—it’s a plan. With the rising cost of living in major U.S. cities, unpredictable job markets, and an ever-intensifying political climate, more people are considering Canada as an alternative. And if you’re looking for a city with culture, career opportunities, and universal healthcare, Toronto is hard to beat.

But before you make the move, there’s a lot to consider—visas, housing, cost of living, and, of course, adjusting to life in a country where winter means actual winter. Here’s everything you need to know about relocating to Canada’s largest city.

Securing the Right Visa

Unlike moving across state lines, relocating to Canada requires legal paperwork. If you’re planning to work, the Express Entry system is the most common pathway to permanent residency. This program is designed for skilled workers, and eligibility is based on factors like age, education, work experience, and language proficiency.

Other options include employer-sponsored work permits, study permits (for those pursuing higher education), and family sponsorships. If you’re self-employed or work remotely, you may qualify for business or investor visa options, though Canada has yet to introduce an official digital nomad visa.

Cost of Living: How Does Toronto Compare?

Toronto is often compared to major U.S. cities like New York, Los Angeles, and Chicago—but how does it stack up financially?

Housing: Expect to pay around $2,500 CAD ($1,850 USD) per month for a one-bedroom apartment in the city center. If you’re looking to buy a home, the average home price is approximately $1.1 million CAD ($814,000 USD), making Toronto one of the most expensive real estate markets in North America.

Everyday Expenses: Groceries, transportation, and utilities are generally higher than in many U.S. cities, especially due to the currency exchange rate. However, public transportation is more affordable, and healthcare costs significantly less.

Salaries and Taxes: While Canadian salaries tend to be slightly lower than in the U.S., the country’s progressive tax system ensures that healthcare and social services remain accessible.

Renting vs. Buying in Toronto

For newcomers, renting is often the best option while getting settled. Toronto’s rental market is competitive, so be prepared to show proof of employment or savings when applying for a lease.

If you’re considering homeownership, keep in mind that the mortgage approval process in Canada is different from the U.S., often requiring a larger down payment (typically 20% for non-residents). Working with a Canadian mortgage broker can help navigate the process.

Adjusting to Toronto Life

Once you’ve secured housing, there are a few logistical steps to take:

Healthcare: Canada has universal healthcare, but new residents typically have a waiting period before coverage begins. Private insurance may be needed in the interim.

Driver’s License: Depending on the state you’re from, you may be able to exchange your U.S. license for an Ontario license without additional testing.

Cultural Differences: Canadians are known for being polite (yes, the stereotype is real), and customer service can feel different from what you’re used to in the U.S. Tipping culture exists, but it’s slightly lower than in American restaurants.

Winter Survival: If you’re from a warmer state, prepare to invest in proper winter gear—Toronto winters can be brutally cold, with temperatures dipping below freezing for months.

Is Moving to Toronto Worth It?

Despite its high cost of living, Toronto remains a top destination for millennials seeking a diverse, career-driven, and culturally rich environment. Its real estate market is expensive, but its walkability, public transit, and strong job prospects make it a compelling alternative to major U.S. cities.

And let’s be honest—there’s something appealing about a country where healthcare isn’t tied to employment, where political headlines aren’t a daily source of existential dread, and where the work-life balance actually means something. If you’re looking for a fresh start in a city that embraces newcomers, Toronto just might be the place to call home.