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Toronto Residency... Rental Costs?


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Posted

Hi

 

I will be starting training in Toronto this July. Can someone shed some light on housing costs? the salary appears to be somewhere in the 70k range, what is the net take home usually after taxes and fees? how much can residents generally afford on rentals?

 

Posted

If you want to live right downtown near all the hospitals, a one bedroom might be about 1500-1800 per month, depending on the unit. You can get apartments for less if you want to live a bit further away. Maybe 900-1300 per person if you have a roommate and live right downtown.

Posted

If you're a PGY-1, salary is around $51,000 in Ontario - you can find this information on every provincial site for the resident organization (e.g. PARO). I know they just signed a new retroactive contract, I'm not sure what the new salary will be.

 

One-bedrooms near the downtown hospitals will run you $1400-$1900 depending on what you are looking for and what's including, etc. 

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