The PROS & CONS of Living in Toronto, Ontario | Canada's LARGEST City to Consider Moving In/Out

Summary

In this video, the creator discusses the pros and cons of living in Toronto, Canada. They touch upon the high cost of real estate, the challenges of commuting, and the fast-paced, competitive nature of the city as cons. On the flip side, they highlight Toronto's diverse culture, excellent food scene, and abundance of opportunities as major pros. The creator's personal experience and insights, especially as they pursue a real estate license, add credibility to their balanced view of city living.

Takeaways

• 🏙️ The speaker acknowledges past criticisms of Toronto but aims to balance them with an exploration of the city's pros and cons.
• 🏡 High real estate costs are a significant con, with one-bedroom apartments starting around CAD 500k and two-bedrooms near CAD 800k.
• 🏢 Condominiums in Toronto have shrunk by 35% in size compared to 25 years ago, reflecting a housing shortage.
• 🚗 Commuting in Toronto is challenging, with an hour's commute often only getting you within the city limits.
• 🚍 The city offers various transportation options, each with its pros and cons, and the best choice depends on individual circumstances.
• 🌐 Toronto's advanced transportation infrastructure ranks it among the worst for commute times in North America.
• 🏙️ The city's fast-paced and competitive nature can be overwhelming for newcomers, especially those from smaller cities.
• 🌤️ Toronto's weather is a pro for some, offering all four seasons and a break from the extreme cold of other Canadian cities.
• 🌐 Toronto's multiculturalism is a strong point, providing a sense of belonging and acceptance for a diverse population.
• 🍔 The city boasts an extensive food scene with a wide variety of cuisines, offering an almost overwhelming number of dining options.
• 💼 Toronto offers abundant opportunities in various industries, making it an attractive destination for career and personal growth.

Q & A

What is the main topic of the video script?

The main topic of the video script is the pros and cons of living in Toronto, Canada, as experienced by the video creator.

Why does the video creator mention their pursuit of a real estate license?

The video creator mentions their pursuit of a real estate license to provide credibility and relevance to the discussion about living in Toronto, as it shows they have a vested interest and knowledge in the local housing market.

What is the approximate cost of a one-bedroom property in Toronto according to the script?

The approximate cost of a one-bedroom property in Toronto is between $500,000 to $600,000.

How has the size of condominiums changed over the past 25 years in Toronto?

According to the script, condominiums in Toronto are now 35% smaller on average than they were 25 years ago.

What is the video creator's opinion on the advice given by real estate agents regarding the timing of buying a house?

The video creator expresses frustration with real estate agents who seem to suggest that it's always a good time to buy a house, regardless of market conditions.

What is the running joke about commute times in Toronto mentioned in the script?

The running joke mentioned in the script is that an hour commute in Toronto only gets you from one part of the city to another, implying that commute times are long and distances within the city are not as spread out as one might think.

How does the video creator describe the pace of life in Toronto?

The video creator describes the pace of life in Toronto as fast-paced and cutthroat, suggesting that people can be impatient and there is a high level of competitiveness.

What are some of the positive aspects of Toronto's weather mentioned in the script?

The script mentions that Toronto's weather is a positive aspect because it has all four seasons, which is a change for someone coming from a place with a more limited range of weather conditions.

Why does the video creator believe Toronto is a multicultural city?

The video creator believes Toronto is a multicultural city because it offers a sense of belonging to people from all backgrounds and allows for a wide range of lifestyles and cultures to coexist without judgment.

What opportunities does the video creator highlight as being available in Toronto?

The video creator highlights opportunities in various industries such as tech, finance, and acting, as well as opportunities for entertainment like concerts and sports, and travel due to the international airport.