Toronto costs 100-500 CAD per day for travelers in 2026. Hotels average 120 CAD/night, meals cost 30-70 CAD, making Toronto upscale compared to other Canada destinations. Budget travelers (100 CAD/day): Stay in hostels (70 CAD/night), eat at local restaurants (30 CAD/meal), use public transport. Mid-range travelers (200 CAD/day): Comfortable hotels (120 CAD/night), varied dining (70 CAD/meal), occasional taxis. Luxury travelers (500 CAD/day): Premium hotels (240 CAD/night), fine dining (150 CAD/meal), private tours. Top money-saving tip: Explore kensington market for affordable eats. Free activities include kensington market and chinatown stroll – explore vibrant neighborhoods with unique shops and eateries. Toronto ranks as upscale within Canada, offering excellent value compared to regional averages.
Plan the practical part
Toronto Trip Cost: How Much Does It Cost to Visit in 2026?
Daily budget guide for Toronto (prices in CAD)Updated
- BudgetCAD 100–CAD 200 / day
- Mid-rangeCAD 200–CAD 500 / day
- LuxuryCAD 500–CAD 750 / day
What a day in Toronto costs
Budget
CAD 100–CAD 200 / day
≈ $72 USD
Hostels or guesthouses, street food and markets, public transport.
Mid-range
CAD 200–CAD 500 / day
≈ $144 USD
Comfortable hotels, sit-down restaurants, a few paid activities.
Luxury
CAD 500–CAD 750 / day
≈ $361 USD
Boutique or five-star stays, fine dining, private tours and transfers.
Estimates are per person, per day, in CAD. USD equivalents use open.er-api.com exchange rates from 3 Sep 2026.
Make it your trip
What could your trip cost?
Choose your pace and travel style. Start with the published daily estimate, then make room for the things you care about.
Estimated trip budget · CAD
7 days · 1 traveler · Mid-range
- Daily budget per person
- CAD 200–CAD 500
- Season adjustment
- ×1
An editorial estimate, not a booking quote. Daily budget × days × travelers × season adjustment. Add flights, insurance, and any costs outside the guide separately. Shared rooms and child rates may change your total.
Where the money goes
| Category | Budget | Mid-range | Luxury |
|---|---|---|---|
| Stay | CAD 79 | CAD 141 | CAD 285 |
| Eat | CAD 34 | CAD 82 | CAD 174 |
| Do | CAD 10 | CAD 50 | CAD 200 |
| Categories combined | CAD 123 | CAD 273 | CAD 659 |
Category figures are typical daily spends; the tier totals above them include everyday extras, so the two need not match to the unit.
Everyday prices
- Prices
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- Currency
- CAD
- Exchange rate
- CAD 1
Typical prices at the time of research, in CAD; expect variation by neighbourhood and season.
Prices through the year
- Low×0.9
- High×1.2
- Shoulder×1
Stretch your budget
Ways to save
- Stay in hostels, budget hotels, or Airbnbs in Kensington Market or Leslieville for more affordable rates, saving potentially $50-$100+ per night compared to downtown.
- Utilize the TTC public transit system; purchasing day passes for unlimited travel saves money compared to individual fares, especially if taking 3+ rides/day.
- Visit High Park for free activities including walking trails, gardens, and a small zoo, saving on attraction entry fees.
- Explore Kensington Market for free sightseeing, street art, and window shopping, avoiding costly paid entertainment.
- Enjoy Toronto's beaches along Lake Ontario for a cost-free getaway during warm months.
- Take advantage of free or pay-what-you-can walking tours to learn about the city's history and culture without a fixed cost.
- Visit museums like the Art Gallery of Ontario on free admission days/evenings (e.g., Wednesday evenings for AGO) to save on typical entry fees of $20-$30+.
- Explore St. Lawrence Market for free and sample affordable, locally-made treats, saving on more expensive restaurant meals.
- Attend Toronto's numerous free festivals like Nuit Blanche and Caribana for cost-free cultural entertainment.
Budget tips
- {"tip": "Explore Kensington Market for affordable eats", "category": "Food", "explanation": "This diverse neighborhood offers a wide range of budget-friendly international cuisines and local specialties."}
- {"tip": "Use public transit instead of taxis", "category": "Transportation", "explanation": "Toronto's TTC system is extensive and more cost-effective than ride-sharing or taxis for getting around the city."}
- {"tip": "Visit museums on free admission days", "category": "Attractions", "explanation": "Many museums, like the Art Gallery of Ontario, offer free admission on certain days or evenings."}
Worth the splurge
- Dine at Alo Restaurant, one of Canada’s top fine-dining spots.
- Stay in a luxury hotel with lake views, like the Fairmont Royal York.
- Book a private cruise of Toronto Harbour and the Islands.
- Enjoy a VIP Raptors or Leafs game experience with premium seats and lounge access.
Free things to do
- {"name": "Kensington Market and Chinatown Stroll", "tips": "Visit on pedestrian Sundays in summer for street performances", "bestTime": "Weekends for lively atmosphere", "description": "Explore vibrant neighborhoods with unique shops and eateries"}
- {"name": "High Park", "tips": "Check event calendar for free performances and activities", "bestTime": "Spring for cherry blossoms, summer for events", "description": "Large urban park with hiking trails, gardens, and a zoo"}
- {"name": "Graffiti Alley", "tips": "Great photo opportunity, constantly changing artwork", "bestTime": "Daytime for best visibility", "description": "Colorful street art in the Fashion District"}
Frequently asked questions
How expensive is Toronto?
Daily costs €60–€150 per person, depending on accommodation and activities.
Best money-saving tips?
Buy a PRESTO transit card, shop at local markets, take advantage of free museum days and neighbourhood walking tours.
Average meal cost?
Budget €8 (street food or fast-casual), mid €20 (sit-down cafe), fine €60+ (upscale restaurant).
Safety?
Toronto is generally very safe. Use common sense at night, stay in well-lit areas and keep valuables out of sight.
Planning the trip? Read the full Toronto guide.
Budget