OK, so 2K for a single person if living along. I guess for a family of 3, you'd need to up that budget by at least 500. My brother is a real estate agent who does a lot of rentals downtown and midtown. He says you'd need to budget around 4.20CAD per sq.ft. It can go higher depending on the layout and views. Rents have risen significantly in the last couple of years. We can back and forth about beer/food costs, I'd lived in Toronto for 8 years (North York - 3 years, Downtown - St.George/Bloor - 4 years and 1 year on Eglington/Younge so I know what I talking about). Can you name 3 companies in Toronto that pay 200K+ in real money (salary, bonus, stock that you can actually sell)? My friends are telling me 110-115K is a VERY decent salary, maybe they are just working for wrong companies.