I'd rather dip my balls in acid than live in Toronto. I would pay more to live where I am now. First off, getting around Toronto sucks ass. Second, it's full of communists. Third, it's full of elitist douchebag day traders who think they have the answer to everything and can look down on the filthy peasants.
So on top of all that, a s***** little fixer upper in the city will run you more than a million dollars. I would posit that people who live in Toronto are either obscenely wealthy and self loathing, or they are morons who cling to their 2k/month bachelor apartment because there's stuff to do in Toronto, which is entirely unique when compared to anywhere else.
I've also never worked in Toronto, so you can kiss my hairy white ass.