Toronto vs Vancouver Cost of Living, House Prices, Income & Job Opportunities

vacouver vs toronto

Toronto and Vancouver are the big metro cities of Canada with the huge economy. These both cities are expensive and have a high cost of living in Canada.

Toronto is the center of attraction in Canada. Ontario and British Columbia both are the largest provinces in Canada. These both provinces are economy driven in Canada.

In this article, we compare Vancouver vs Toronto. This comparison is based on population, weather, cost of living, real estate or housing market, tourist places, income, job opportunities, rent, sports, and many more.

Toronto vs Vancouver

Vancouver vs Toronto Population

  • Toronto population: 6,202,225 (2021)
  • Vancouver population: 2,469,289 (2021)

Toronto is the first largest city in Ontario and Canada by population. Toronto’s population rise by 4.6% in the last 5 years. In 2021, the Toronto population is about 6.20 Million.

Vancouver have 2.4 Million population in 2021. The Vancouver population increased by 4.9% from 2016. Vancouver is the third largest city in Canada after Toronto and Montreal.

Toronto vs Vancouver Location & Province

  • Toronto location: southeast of Ontario
  • Vancouver location: southwestern British Columbia

Toronto is located in the southeast of Ontario. It is situated along Ontario Lake. There are many cities located near Toronto such as Ottawa, Montreal, and Niagara Falls.

Moreover, there is an 11 hours drive from Toronto to New York (US).

Vancouver is a beautiful city. Vancouver is located in southwestern British Columbia. It is situated near the pacific coast of British Columbia. Vancouver is located near to US border.

There is only 2.5 hour drive from Vancouver to Seattle (City in Washington, US). It is easy to commute to the US from Vancouver.

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Vancouver vs Toronto Cost of Living

  • Cost of living in Toronto: $4,350
  • Cost of Living in Vancouver: $4,700

The cost of living in Toronto is $4,350 per person who pays rent and lives in a one-bedroom apartment. The average rent price in Toronto is $3,200 for two bedrooms apartment.

The Vancouver cost of living is $4,700 for a single person who is living in an apartment. The average rent price in Vancouver is $3,500 for two bedrooms apartment.

Overall, Vancouver is a bit more expensive than Toronto based on the cost of living.

Toronto vs Vancouver Real Estate or House Prices

  • Average House prices in Toronto: 1,067,800
  • Average house prices in Vancouver: 1,173,092

The average house price in Toronto is approximately $1.06 Million. The housing market in Toronto goes down by 20% in 2023 due to inflation in Canada.

The Bank of Canada increases the interest rate in Canada. So that is why people avoid buying houses right now.

Furthermore, the average house price in Vancouver is around 1.16 Million. Houses are a little more expensive in Vancouver than in Toronto. However, house prices in Vancouver decline by 8.7% in 2023.

Vancouver vs Toronto Weather

  • Vancouver weather: Rainy, pleasant, and less cold in winter 1℃ or 2℃
  • Toronto weather: sunny & little humidity in summer, 27℃ to 30℃, colder in winter

Vancouver’s weather is rainy, a little windy, pleasant, and less cold in winter. In summer, the temperature is around 15℃ to 19℃. The average temperature in winter is about 1℃ to 2 ℃. Sometimes, in winter there is a little snowy.

Toronto’s weather is sunny, with moderate temperatures and little humidity in summer. The average temperature in summer is about 27℃ to 30℃. Toronto is much colder in winter. Sometimes, the temperature goes down by -15℃ to -20℃.

Toronto vs Vancouver Income & Job Opportunities

  • Average income in Toronto: $49,500
  • Average Income in Vancouver: 45,300

The average income in Toronto is $49,500. Job opportunities have great job opportunities. It is the third largest city in North America with the highest workforce. Toronto is the main hub of Canada.

Furthermore, the average income in Vancouver is $45,300. It is a bit hard to find jobs in Vancouver due to more competition. If you have skills then you don’t need to worry.

Toronto vs Vancouver NHL

  • Toronto NHL Team: Toronto Maple Leafs
  • Vancouver NHL Team: Vancouver Canucks

Vancouver vs Toronto Tourist Places

Toronto and Vancouver both cities are both great tourist attractions. In Toronto, you can explore the different things in the hustle and bustle of the city. Basically, Toronto is for those people who love to explore the city.

Tourist Destination in Toronto

  • CN Tower
  • Roger Arena
  • Toronto Downtown
  • Ripley Aquarium
  • Toronto Zoo
  • Toronto Chinatown
  • Royal Ontario Museum
  • Art Gallery of Ontario
  • Casa Loma

However, Vancouver is a city for those people who loves to explore nature such as the parks, and gardens, and like to do adventure.

Tourist Destination in Vancouver

  • Van Dusen Botanical Garden
  • Stanley Park
  • Vancouver Aquarium
  • Science World
  • Vancouver Art Gallery
  • Capilano Suspension Bridge
  • Flyover Canada
  • Queen Elizabeth Park
  • Vancouver Lookout
  • Grouse Mountain
  • Jericho Beach

So, these are places you can visit in Vancouver. You can also enjoy the wonderful views in Vancouver. It is actually a beautiful place to explore in Canada.

Overall, both Toronto and Vancouver are good cities to live in Canada. These cities consider the best and most liable to live and invest in Canada.

These both cities have great job opportunities that help to start your career and earn a good income.