Budget, mid-range and luxury daily estimates for Toronto, in USD and CAD.
| Tier | Per day (USD) | Per day (CAD) | 7 days (USD) | 7 days (CAD) |
|---|---|---|---|---|
| BudgetHostel bed, cheap meals, public transport | $85 | CA$120 | $595 | CA$830 |
| Mid-rangeThree-star hotel, restaurants, some taxis | $195 | CA$270 | $1,365 | CA$1,900 |
| LuxuryFour- or five-star hotel, dining out | $415 | CA$580 | $2,905 | CA$4,100 |
Every amount in this table is an estimateestimate, derived from the World Bank price level for Canada rather than quoted by any seller.
A US baseline of 90, 210 and 450 USD a day for the three tiers is multiplied by the price level of Canada (0.8344741275744272, World Bank 2025) and by a city-size factor of 1.1, then rounded to the nearest 5 dollars. Local amounts use the World Bank exchange rate of 1.39810565893901 CAD to the dollar, rounded to two significant digits.
These are modeled estimates, not quoted prices. Read the full formula on the methodology page.
Typical prices, every one an estimateestimate rather than a quoted price.
Budget hotel or hostel room
estimate for a basic private or shared room per night
$45
Mid-range hotel room
estimate for a standard double room in a central area
$110
Cheap meal
estimate for a simple meal at a casual counter or cafe
$15
Restaurant meal
estimate for a sit-down meal at a mid-range restaurant
$35
Local transit fare
estimate for a single public transit ride
$4
Coffee
estimate for a cafe-bought coffee
$5
Museum or attraction ticket
estimate for general admission to a major museum or attraction
$25
Prepaid SIM card
estimate for a tourist SIM with a basic data allowance
$30
The daily cost tiers reflect where money goes at each comfort level: the $85 budget tier covers basic lodging, simple meals, and public transit, while the $195 mid-range tier allows for a standard hotel room, restaurant meals, and occasional paid attractions. At $415 a day, the luxury tier adds higher-end lodging, more frequent restaurant dining, and less reliance on budgeting for transport or activities. Over a full week these tiers scale to $595, $1,365, and $2,905, giving a sense of total trip cost before booking.
January, March, and December are the off season months, when both crowds and prices tend to ease compared with the busier months. The cost estimates above are general figures for planning purposes rather than fixed prices, and actual spending will vary based on individual choices around lodging, dining, and activities within each tier.
Cheapest months by climate demand: Jan, Mar and Dec.
AI-written interpretation reviewed against the data above — claude-sonnet-5, generated September 21, 2026. Every number on this page comes from a dataset named here; the formulas are public.